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Space launch and aerospace systems company Rocket Lab (US: RKLB) surged after releasing its first-quarter earnings, closing at $105.47 on Friday, up 34%, hitting a new all-time high. Rocket Lab's first-quarter revenue grew 63.5% year-over-year to $200.3 million, surpassing market expectations of approximately $190 million; non-GAAP gross margin was 43%. During the period, net loss was $45.02 million, or a loss of $0.07 per share, narrower than the $0.12 per share loss in the same period last year.
The company's second-quarter revenue guidance is between $225 million and $240 million, above market expectations of about $207.5 million. Rocket Lab stated that its order backlog for the first quarter reached $2.2 billion, a 20.2% quarter-over-quarter increase and more than doubling year-over-year.
The largest launch contract in history — Neutron demand heats up

The mood for U.S. stock IPOs is warming, with Cerebras raising its IPO price to $125–$135, driven by strong demand, potentially raising about $3.78 billion at the upper limit. Additionally, Inspire Brands has secretly submitted a draft registration for an IPO, with no set share count or price yet, expected to use the proceeds for debt repayment and issuance costs, with an estimated scale of around $2 billion.

Akamai announced a 7-year, $1.8 billion cloud infrastructure contract with a leading frontier model provider, becoming the company's largest deal ever, with the stock soaring over 26% on Friday. The client is reportedly Anthropic, which is increasing its computing power to support AI applications like Claude. Cloud infrastructure revenue in the first quarter increased 40% year-over-year, while CDN revenue declined, and the market is re-evaluating its role in the AI infrastructure supply chain.

Lime applies for a U.S. IPO, planning to list on the NASDAQ under the ticker LIME, with investment from Uber and Wayne Ting serving as CEO. In 2025, revenue is projected at $886.7 million, a 29.1% increase, with three consecutive years of positive free cash flow, and a net loss of $59.3 million. Covering 230 cities in 29 countries, funds are used for operations, debt repayment, and investments. The market is optimistic about a recovery, but the key is whether growth can be converted into stable profitability; Bird has gone bankrupt, and Lime will become a test case.

The U.S.-China summit will meet next week, with American chip stocks leading the rally; Apple reportedly reached a preliminary chip manufacturing agreement with Intel, causing Intel to surge over 19%. Additionally, the market still hopes for good news from U.S.-Iran negotiations, with the S&P 500 and Nasdaq hitting new all-time highs, while the Dow Jones fluctuates and stabilizes.
Let's see how U.S. stocks close:

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The Trump administration released the PURSUE program declassified UAP files, with 17 pages of confidential documents published on WAR.GOV/UFO, involving cross-department collaboration including the White House, Pentagon, NASA, FBI, and ODNI, and promising to regularly release new files in the future. Highlights include sightings from multiple locations worldwide, infrared images, Apollo 17 lunar lights, and other evidence, covering Greece, the Middle East, the United Arab Emirates, Africa, and North America.

Network infrastructure and cybersecurity company Cloudflare (NYSE: NET) saw its stock plunge after announcing its first-quarter results, falling more than 24% during Friday’s intraday trading to a low of $192.60.
Cloudflare’s first-quarter revenue rose 34% year over year to $639.8 million, topping the market expectation of $623 million. Adjusted earnings per share were $0.25, also above the market forecast of $0.23. However, the company expects second-quarter revenue to reach up to $665 million, slightly below market expectations.
Shifting to an AI agent operating model — layoffs of about 20%
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At the same time, Cloudflare announced a shift to an “AI-agent-centric operating model,” cutting more than 1,100 employees, or about 20% of its global workforce. The company said that as AI and agent tools become a core part of employees’ work, Cloudflare’s work

Mainland robot company LeDong Robotics (New Listing Number: 01236) announced the allotment results, with 296.7k applications received in the public offering, oversubscribed by 6,706.66 times, second only to Tianxing Medical (01609).
Oversubscription multiple of 7,822.13 times, becoming the second most oversubscribed new stock on the main board this year.
LeDong Robotics' initial public offering (IPO) with a success rate of 0.8%, even with a major investor spending HKD 50.5 million to subscribe for the "Head Hammer Flying," still had 29% unallocated. The international placement received 111 allottees, oversubscribed by 8.54 times.
LeDong Robotics will be listed next Monday (May 11), with a dark pool trading session scheduled today. Its dark pool initial price reached HKD 96 on Futu, 2.6 times higher than the IPO price of HKD 26.36, with a 200-share lot netting nearly HKD 14k in profit.
Ultimately, the three major dark pool trading venues saw a significant decline in gains, with Futu performing the best, closing up 1.5 times, earning HKD 7,828 per lot; CICC and Yau Chai increased by about

Yangtze River Life Science and Technology (00775) announced that Lance Richard Lee Yuen has resigned from his roles as Executive Director, Vice President, and Chief Administrative Officer due to personal and family reasons, effective from May 8, and will continue to serve as a director of the Canadian subsidiary to oversee local operations. Executive Director Yu Yingcai has been reassigned as Vice Chairman and Chief Administrative Officer starting from May 8. Yu Yingcai served as Vice President and Chief Administrative Officer from September 2020 to September 2024, and from June 2002 to September 2020, he served as Vice President and Chief Operating Officer. Lance Richard Lee Yuen stated that he has no disagreement with the board of directors and is not aware of any matters that shareholders need to be concerned about.

The government announced on Friday (8th) the issuance of institutional green bonds and infrastructure bonds, successfully pricing approximately HKD 27.6 billion equivalent of green bonds and infrastructure bonds under the Government Sustainable Bond Program and Infrastructure Bond Program, covering HKD, RMB, USD, and EUR. The issuance attracted extensive participation from global investors across more than 30 markets in Asia, Europe, the Middle East, and the Americas, with a total subscription amount of about HKD 239 billion equivalent, approximately 8.6 times the issuance amount.
After an online roadshow held on May 6, 2026, these green bonds and infrastructure bonds were priced on May 7, 2026. The relevant yields are as follows:
| Item | Size | Yield | |
| --- | --- | --- | --- |
| 30-year Infrastructure Bond | HKD 3 billion | 3.95% | |
| 20-year

Serving numerous universities worldwide, the Canvas platform was recently attacked by the hacker group ShinyHunters, affecting not only educational service platforms for over 8,000 universities but also candidates taking the CFA exam. The CFA Institute sent an email to candidates stating that access to Canvas has been temporarily suspended, but Canvas's parent company Instructure (U.S.: INST) has not announced when services will be restored. The next CFA exam is scheduled from May 12 to 18.
The CFA Institute stated that they are aware that the incident will impact candidates' use of the learning system and will provide access to course PDFs or ePub versions as soon as possible. Candidates should monitor their emails for more information. Any updates will be posted on the CFA Institute website.
The CFA Institute also warned that user information, including names and email addresses, may have been leaked in the incident. Therefore, users are advised to be cautious of phishing emails and messages and to change their account credentials accordingly.

【Supermarket Promotions/Price War/HKTVmall/Wang Weiji/Jia Bao/JD.com/ParknShop/Wellcome】The supermarket battle in Hong Kong is intensifying, Hong Kong Technology Exploration (01137)
Online shopping mall HKTVmall, after launching two rounds of 15% off discounts on consecutive weekends earlier, announced the official start of the "Year-round Price War," and on Saturday (9th), launched 15% off discounts for self-pickup, delivery, and in-store purchases. Known as the "Magic Boy," Vice Chairman of Hong Kong Technology Exploration Wang Weiji vowed to hold weekly price-cutting battles.

Table of Contents


【Updated May 8: HKTVmall offers 15% off on May 9 — Wang Weiji: Expect weekly price wars】

【Updated May 7: Wang Weiji lends Ray-Ban smart glasses to colleagues for 'daily sunset'】

Recent market reports indicate that DeepSeek (Deep Exploration) is seeking its first round of external funding. An insider from The Information quoted sources saying that DeepSeek's current target for this funding round is up to 50 billion yuan. This could become the largest funding round ever for a Chinese artificial intelligence (AI) startup. It is reported that DeepSeek founder Liang Wenfeng may personally invest 20 billion yuan, accounting for 40% of this round's funding.
The report states that this funding will accelerate DeepSeek's profitability and commercialization process. The news revealed that DeepSeek recently informed some investors of plans to speed up model releases to align more closely with industry standards.
It is planned to release an upgraded version of the model V4.1 in June.
Sources indicate that DeepSeek plans to release an upgraded version V4.1 of the V4 model in June. V4.1 is expected to include image and audio capabilities.

The U.S. Bureau of Labor Statistics announced that non-farm payrolls increased by 115k in April, down from previous month’s 178k but still above the expected 65k. The prior figure was revised upward from 178,000 to 185k. The unemployment rate remained at 4.3% during the period.
$1 below is data as of May 7, 2026===
Last week, the number of initial unemployment claims in the U.S. rose to 200k, below expectations | April layoffs increased by 38% month-over-month to 83k people
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For the week ending May 2, the number of initial unemployment claims in the U.S. was 200k, lower than the market expectation of 205k. The previous figure was revised from 189k to 190k. As of the week ending April 25, the number of continued unemployment claims in the U.S. was 115k, a decrease of 10k week-over-week, whereas the market had expected an increase of 24k to 1.80 million.
Human Resources Company

Former Chairman of Guizhou Moutai Ding Xiongjun indicted for bribery and money laundering, the third former chairman to be charged after Yuan Renguo and Gao Weidong. The prosecution states he used his position to seek benefits, illegally received large sums of money, and concealed the source. The case is being tried by the Qiandongnan Intermediate People's Court. He served as Moutai's chairman from 2021 to 2024, later transferred to become director of the Provincial Market Supervision Bureau. Moutai has experienced frequent leadership changes in recent years, with three former chairmen all involved in cases.

The Samsung union will begin an 18-day strike on May 21, as labor-management negotiations have not yet reached an agreement. JPMorgan Chase said that if all demands are accepted, Samsung’s labor costs would rise by 21–39 trillion Korean won, 2026 operating profit would fall by 7–12%, and revenue in the semiconductor division would also be impacted by 1–2%. Maintain an Overweight rating and a target price of 350,000 Korean won. The union is demanding performance bonuses paid at 15% of operating profit, removal of the 50% cap, and a 7% increase in basic wages. Samsung’s CFO said they will resolve the matter through dialogue, and that during the strike a project team will be set up to reduce risks.

Swire Properties’ first-quarter results show a buoyant retail market. Sales at Pacific Place and Citygate Outlets rose by 13.9% and 21.8%, respectively, Taikoo Shing Center increased by 3.4%, and Hong Kong shopping mall occupancy rates remained at 100%. For office premises, occupancy was stable but rents declined; leasing remained active at Pacific Place and Taikoo Place (Taikoo Fong). In Mainland China, six retail projects saw both sales and foot traffic record double-digit growth, outperforming the overall market.

Yifei Technology (New Listing Number: 06871)
Initial Public Offering from May 8 to 13.
Industrial Robotics Technology Company Yifei Technology plans to issue 24.6 million H-shares, with 5% for Hong Kong public offering, at a price of HKD 30.5 per share, raising HKD 750 million.
Each board lot consists of 100 shares, with an entry fee of HKD 3,080.80 per lot.
Yifei Technology is expected to list and commence trading on May 18.
ABC International is the sole sponsor.
As of May 8, its public tranche recorded HKD 2.43 billion in margin subscriptions, with HKD 37.52 million raised from the public offering, representing a 63.8 times oversubscription.

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Although Trump’s final ultimatum was at 8 a.m. Hong Kong time on Wednesday, the bombing of Iran’s military targets has not stopped, including an ammunition depot at Isfahan, according to Qatar’s Al Araby TV.
As Trump has claimed to have destroyed the military facilities on Kharg Island, further attacks may also involve oil facilities.
With oil prices rising, Brent futures have pushed back up to 110 dollars, and 110 dollars is a recent high, while New York futures are reported at 114.3 dollars.
Dow Jones futures are down 200 points, S&P 500 futures are down 0.5%, and Nasdaq futures are down 0.6%.
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$1 below reflects Monday’s market conditions====
Trump reiterated the “deadline” — 8 p.m. Eastern Time on Tuesday. Within 4 hours, bombs will be dropped on bridges and power plants. Oil prices are holding steady
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Alibaba launched the new generation large language model Qwen3.6-Plus on Thursday, emphasizing significant improvements in agent programming, multimodal reasoning, and execution efficiency. It features a 1 million Token context window and a mixture-of-experts architecture, supporting full code processing and accelerating logical reasoning. The enterprise-level AI application "Wukong" has integrated this model and plans to release an even larger Qwen3.6-Max version.