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Novautek’s 'Smart Housing Estate' AI Robot Solution Receives High Recognition from Legislative Council Member and Officials
(14 March 2025, Hong Kong) Novautek Technologies Group Limited (“Novautek”, stock code: 519.HK) is pleased to announce that Novautek’s "Smart Housing Estate" AI robot solution has received high recognition from Legislative Council member and inter-departmental government officials for Hong Kong's first intelligent public housing project.On 13 March 2025, Dennis Leung Tsz-wing, a member of Legislative Council of Hong Kong, along with representatives from three government departments, conducted an on-site inspection of Hong Kong's first intelligent public housing project. Located in Queen's Hill Estate, this project serves as an innovative pilot for the smart public services development in the region, featuring Novautek’s "Smart Housing Estate" AI robot solution, which introduces two types of robots: intelligent cleaning and security patrol robots.Councilor Dennis Leung is committed to promoting the application of innovative technology and facilitating the government's blueprint for smart city development. During the inspection, Councilor Dennis Leung accompanied the inter-departmental government team to understand the core technology operations of the two types of robots:Novautek’s Intelligent Cleaning Robot: Equipped with an all-round dynamic patrolling system, enhancing community environment maintenance efficiency; and Novautek’s 24-Hour Security Patrol Robot: Featuring real-time monitoring and environmental perception technology, strengthening community safety and security capabilities.Representatives from the government departments expressed high appreciation for the project's outcomes and will further explore expanding the application of related robots to more public facility scenarios, promoting smart city development.In response to the needs of public housing estates, Novautek will continue to deepen technological applications and integrate them with various scenarios, supporting the intelligent transformation of public services.- END -About Novautek Technologies Group LimitedThe principal businesses of Novautek Technologies Group Limited include autonomous driving, property development, property investment, and investment holding. The Group successfully established Novautek Autonomous Driving Limited in 2023 and set up an autonomous driving business in 2024, focusing on developing products and services related to autonomous driving technology for specific scenarios such as cleaning, security, warehousing, logistics and transportation. Based in Hong Kong, the Group not only serves the local market but also promotes its high-tech products to the world. This press release is issued by DLK Advisory Limited on behalf of Novautek Technologies Group Limited.DLK Advisory 金通策略pr@dlkadvisory.comTel: +852 2857 7101Fax: +852 2857 710314/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Fri, Mar 14
Should You Buy SoundHound AI Stock After Its 64% Drop? This Recent Move by Nvidia Might Hold the Answer.
Nvidia (NASDAQ: NVDA) supplies the most powerful data center chips for developing artificial intelligence (AI) models. In fact, the company's valuation has soared by more than $2.2 trillion over the last two years because sales have been so strong.In late 2023, Nvidia started spreading some of its w...The Motley Fool
Fri, Mar 14
UMG falls after Ackman's Pershing reduces its stake
** Shares in UMG UMG.AS fall 10% after Bill Ackman's Pershing Square PSHP.L reduced its stake in the company raising 1.3 billion euros ($1.41 billion) from the sale** Pershing is selling 50 million of UMG's ordinary shares at 26.60 euros each, a discount of 4.6% to Thursday's closing pri...Reuters
Fri, Mar 14
Claiming Social Security While Working? Don't Fall Into This Trap.
For many people, retirement doesn't mean leaving a job behind completely. There are numerous benefits to working in retirement, whether on a regular basis or by taking on the occasional gig.Working can serve as a reason to get out of the house. It can also expand your social network at a time when y...The Motley Fool
Fri, Mar 14
Russian rouble steadies vs dollar with eye on Ukraine talks
March 14 (Reuters) - The Russian rouble hovered not far from a more than six-month high against the dollar on Friday, with the market waiting for developments after President Vladimir Putin said a U.S. ceasefire proposal for the Ukraine war needed serious reworking. Putin said on Thursday that Russi...Reuters
Fri, Mar 14
These Were the 2 Worst-Performing Stocks in the Dow Jones Industrial Average in February 2025
While the current broad market sell-off dominates headlines, there's still value in looking at specific laggards from the major indexes. Among the blue-chip-laden Dow Jones Industrial Average (DJINDICES: ^DJI), the two worst-performing stocks in the month of February were UnitedHealth Group (NYSE: U...The Motley Fool
Fri, Mar 14
EMERGING MARKETS-Asian stocks eye weekly losses on trade war jitters
Malaysian stocks set for worst weekly drop since September 2022Taiwan stocks headed for third straight weekly fallPhilippine peso, Indonesian rupiah up 0.3% eachBy Shivangi Lahiri March 14 (Reuters) - Most Asian stock markets rebounded on Friday but were still set for steep weekly declines, as p...Reuters
Fri, Mar 14
EMERGING MARKETS-Asian stocks eye weekly losses on trade war jitters
Malaysian stocks set for worst weekly drop since September 2022Taiwan stocks headed for third straight weekly fallPhilippine peso, Indonesian rupiah up 0.3% eachBy Shivangi Lahiri March 14 (Reuters) - Most Asian stock markets rebounded on Friday but were still set for steep weekly declines, as p...Reuters
Fri, Mar 14
UK Stocks-Factors to watch on March 14
March 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.20%.* ECONOMY: Britain's economic output contracted unexpectedly by 0.1% in January, pulled down by a sharp drop in manufacturing output compared with December, data from the Office ...Reuters
Fri, Mar 14
Better AI Buy in the Nasdaq Correction: Nvidia vs. AMD
Artificial intelligence (AI) stocks scored massive wins for investors last year and led the Nasdaq to a double-digit gain. This momentum continued into the early days of 2025, but in recent weeks, these once top-performing stocks have struggled.Investors' concerns about the economy and the potential...The Motley Fool
Fri, Mar 14
Why I Capitalized on the Nasdaq Slump to Buy More of This Top ETF
I used to loathe it when the stock market sold off. It meant the value of my portfolio took a hit. However, I've come to see sell-offs not for the value I've lost but for the buying opportunities I gained. I seek to capitalize on declines by putting some of my available cash to work to add to my fav...The Motley Fool
Fri, Mar 14
58 Monthly Dividends Later and This Ultra-High-Yielder Still Isn't a Dividend Stock You Can Count On
AGNC Investment (NASDAQ: AGNC) is a mortgage real estate investment trust (REIT). Given that REITs are designed to pass income on to investors in a tax-advantaged manner, it seems logical to believe that the stock, with its huge 14% dividend yield, would fit perfectly into a dividend investor's por...The Motley Fool
Fri, Mar 14
REFILE-GLOBAL MARKETS-Stocks sink with S&P 500 in correction, bonds in demand amid tariff angst (March 13)
Wall Street indexes all lost >1%, S&P 500 confirms correction Trump's back and forth on tariffs weighs on sentimentUS dollar down vs yen but up against euro, Swiss franc By Sinéad Carew and Harry Robertson NEW YORK/LONDON, March 13 (Reuters) - Global equities sank on Thursday with the ...Reuters
Fri, Mar 14
Why Etsy's 80% Stock Plunge Might Not Be the End of Its Troubles
Shares of Etsy (NASDAQ: ETSY) fell dramatically after it reported full-year 2024 earnings, with the stock off by around 10% or so as of this writing. But looked at over the long term, that drop is barely noticeable because the stock has now fallen more than 80% from its peak in late 2021. Here's why...The Motley Fool
Fri, Mar 14
LIVE MARKETS-Europe before the bell: futures higher, stocks still set for weekly loss
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comEUROPE BEFORE THE BELL: FUTURES HIGHER, STOCKS STILL SET FOR WEEKLY LOSS European equity futures are signalling a slightly higher op...Reuters
Fri, Mar 14
Tesla Stock Could Soar 550% to $5 Trillion After Notching Its Worst Day Since 2020, According to a Wall Street Expert
On March 10, Tesla (NASDAQ: TSLA) stock declined 15% in its worst trading session since 2020. Shares have now declined 51% from the record high reached in December, representing over $700 billion in lost market value.Company-specific factors contributing to that drawdown include disappointing sales ...The Motley Fool
Fri, Mar 14
RPT-COLUMN-How low is the 'Fed put'?: McGeever
By Jamie McGeever ORLANDO, Florida, March 13 (Reuters) - Every time a Wall Street selloff snowballs, fear of an avalanche revives talk of the "Fed put". The correction underway now is no different, but the bar for the central bank to provide the market a backstop is now likely a high one....Reuters
Fri, Mar 14
Does the Nasdaq Sell-Off Have You Worried? 3 Things to Do, and 4 Things Not to Do
To say the market's recent performance has been disappointing would be a considerable understatement. It's been downright nerve-wracking. The Nasdaq Composite (NASDAQINDEX: ^IXIC) has fallen 12% in just three weeks. That's not just a fall into correction territory -- it's the kind of rapid loss that...The Motley Fool
Fri, Mar 14
Teva Upgrades Its 4PL Model, Enhancing Medicine Accessibility for Patients with Kerry Pharma
HONG KONG, March 14, 2025 /PRNewswire/ -- Teva Hong Kong ("Teva"), has announced a strategic partnership with Kerry Pharma, the subsidiary of Kerry Logistics Network Ltd ("KLN"). Leveraging Kerry Pharma's extensive logistics (fourth-party logistics, 4PL) distribution capabil...PR Newswire
Fri, Mar 14
