NewsHKSubscribe
Markets市場

Bank of America cuts Exxon Mobil to neutral, holds buy on Chevron

Within the integrated oil major sector, Bank of America has moved to draw a sharper distinction between its two largest American names. The bank downgraded Exxon Mobil (XOM) to neutral while maintaining a buy rating on Chevron…

HONG KONG · By Lena Park · 2 min read

The Front Page
CVXBank of America cuts Exxon Mobil to neutral, holds buy on ChevronJuly 28, 2026/MACROIntuitive Surgical selloff after earnings reopens valuation debate in surgical roboticsJuly 28, 2026/PROVProvident Financial Holdings posts 34% profit jump as NIM extends winning streak to four quartersJuly 28, 2026/EARNINGSFord Motor earnings put Wall Street's $45.86 billion revenue call to the testJuly 28, 2026/EARNINGSCoca-Cola beats estimates and lifts full-year outlook as drinks demand climbsJuly 28, 2026/EARNINGSAI revenue catches up to consumer icons as Anthropic and OpenAI near $120 billion combined run rateJuly 28, 2026/CRYPTOKuCoin: the global crypto exchange now serving 45 million users across more than 200 countriesJuly 28, 2026/$BTCApple sued over fake Bitcoin wallet app that allegedly cost three users $1.8 millionJuly 28, 2026/CVXBank of America cuts Exxon Mobil to neutral, holds buy on ChevronJuly 28, 2026/MACROIntuitive Surgical selloff after earnings reopens valuation debate in surgical roboticsJuly 28, 2026/PROVProvident Financial Holdings posts 34% profit jump as NIM extends winning streak to four quartersJuly 28, 2026/EARNINGSFord Motor earnings put Wall Street's $45.86 billion revenue call to the testJuly 28, 2026/EARNINGSCoca-Cola beats estimates and lifts full-year outlook as drinks demand climbsJuly 28, 2026/EARNINGSAI revenue catches up to consumer icons as Anthropic and OpenAI near $120 billion combined run rateJuly 28, 2026/CRYPTOKuCoin: the global crypto exchange now serving 45 million users across more than 200 countriesJuly 28, 2026/$BTCApple sued over fake Bitcoin wallet app that allegedly cost three users $1.8 millionJuly 28, 2026/
Top of the Fold

Today's Edition

Macro

Intuitive Surgical selloff after earnings reopens valuation debate in surgical robotics

The global market for minimally invasive surgical technology has become one of the more closely watched corners of the medtech sector, and Intuitive Surgical's [post-earnings decline](/news

By Mara Whitfield · HONG KONG · 2 min

Read the story
Regulatory

Provident Financial Holdings posts 34% profit jump as NIM extends winning streak to four quarters

The rate cycle that compressed California community bank margins through much of 2024 is now working in the other direction. Provident Financial Holdings, Inc. (NASDAQ: PROV), the Riverside-based holding company for Provident…

By Dev Okafor · HONG KONG · 2 min

Read the story
Earnings

Ford Motor earnings put Wall Street's $45.86 billion revenue call to the test

Consumer vehicle demand has been one of the more contested readings in the current rate environment, and the auto sector gets a cleaner signal after the close. Ford Motor is set to report quarterly earnings after the bell, with…

By Freya Lindqvist · HONG KONG · 2 min

Read the story
News Desk

Latest from the Desk

Earnings

Coca-Cola beats estimates and lifts full-year outlook as drinks demand climbs

Global consumer spending has faced persistent scrutiny this year, yet Coca-Cola emerged from the latest earnings period with a result that cleared the bar. The beverage company topped earnings estimates and raised its full-year…

HONG KONG · July 28, 2026 · 2 min

Earnings

AI revenue catches up to consumer icons as Anthropic and OpenAI near $120 billion combined run rate

Against the backdrop of trillion-dollar AI infrastructure commitments, a revenue comparison published Monday puts the scale of enterprise adoption in concrete terms. Anthropic and OpenAI together are tracking toward a combined…

HONG KONG · July 28, 2026 · 2 min

Crypto加密

KuCoin: the global crypto exchange now serving 45 million users across more than 200 countries

Against the backdrop of accelerating retail participation in digital asset markets, centralized exchanges have become the dominant infrastructure for cross-border crypto activity. KuCoin, f

HONG KONG · July 28, 2026 · 2 min

Crypto加密

Apple sued over fake Bitcoin wallet app that allegedly cost three users $1.8 million

July 28, 2026 · 2 min

Deals

FLG declares USD 0.01 quarterly cash dividend with September payment dates

July 28, 2026 · 2 min

Markets市場

Indonesian stocks reach bull market after five-year low

July 28, 2026 · 2 min

Latest Dispatches

最新報道
Why NewsHK

A standard of reporting the region keeps coming back to.

Reported, not aggregated

Reported, not aggregated

親身採訪

Every dispatch begins on the ground — a desk in Central, a port in Kwai Tsing, a hearing at Tamar. We file from where the story is.

Independent of the room

Independent of the room

獨立持平

No proprietor, no party, no platform sets our agenda. Our only obligation is to the reader who needs the call right.

Bilingual by instinct

Bilingual by instinct

雙語視野

We read the region in Cantonese, Mandarin and English — and translate not just the words, but the stakes behind them.

The Harbour Briefing · 訂閱

The morning read for people who move the region.

One disciplined email at dawn, Hong Kong time. The three stories that matter, the numbers behind them, and the context no wire will give you.

Subscribe FreeMeet the Newsroom