Business
Elon Musk's xAI lays off 500 people training its Grok chatbot
Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok…
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Business
Business
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3 Google-parent Alphabet hit a market…
Business
US: Wall Street opens higher as Fed meeting week begins; Tesla climbs
Wall Street indexes opened slightly higher on Monday (Sep 15), setting the stage for a week dominated by the Federal Reserve’s policy…
Business
Trump says companies should report earnings every six months
President Donald Trump said companies should not be forced to deliver earnings reports on a quarterly basis, saying he preferred a…
Business
With stock purchase, Elon Musk signals confidence in Tesla's self-driving tech
In a move that boosted Tesla’s stock in midday trading on Monday, it was revealed that Chief Executive Elon Musk purchased approximately…
Business
SIA Group’s passenger traffic up 5.4% in August
Passenger traffic is at 13.6 billion for the month, compared with 12.9 billion in the corresponding period last year Passenger traffic for…
Business
STI edges down 0.1% on Monday, bucking regional trend
Across the broader market, advancers outnumber decliners 319 to 240 after 1.7 billion shares worth S$1.4 billion change hands The Straits…
Business
AI Will Destroy Entire Industries, and That’s a Good Thing
After each wave of innovation, our country has emerged more prosperous and economically capable. This time will be no different. Source link
Business
Fading Labubu frenzy wipes US$13 billion from Pop Mart shares
Despite the slide, the Chinese toymaker is still up more than 180% year-to-date and remains the top performer on the Hang Seng Index The…
Business
MAS needs to boost retail share of IPO listings
It would be fairer to retail investors and add to market liquidity given the larger pool of shareholders I REFER to the commentary “It’s…
Business
Gold prices steady near record high ahead of Fed rate decision
The US central bank’s policy meeting this week comes amid challenges, including a legal dispute over its leadership and efforts to confirm…
Business
Jardine C&C subsidiaries to acquire Indonesian gold mining company for US$540 million
Two of its subsidiaries have agreed to acquire Indonesia-incorporated gold mining company Arafura Surya Alam Jardine Cycle & Carriage on…
Business
Israel Information Center organizes award ceremony for books on Shimon Peres, Moshe Sharett
Peres, the only one to serve as both prime minister and president, and Sharett, the country’s second prime minister, were chosen as the…
Business
What Pope Leo XIV's selection has meant for one Peruvian city
Chiclayo, Peru --- It is a long way from the South Side of Chicago to the heart of Chiclayo in Northern Peru. But it was a simple phrase,…
Business
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Denver-based Yes! manages tens of thousands of factory-built affordable homes in the US Brookfield Asset Management is in talks to acquire…
Business
Yuan’s gradual advance may offer boost to emerging currencies
CHINA’S new-found tolerance for steady yuan appreciation looks set to re-accelerate a rally in emerging-market (EM) currencies, as…
Business
Boris Becker: Prison turned me into a very cautious person
Boris Becker speaks candidly about his time in jail in his new memoir, "Inside," published in Germany last week and due to come out in…
Business
SGX’s new index needs clear differentiators to avoid being ‘just another index’, say analysts
While it can raise the profile of larger non-STI stocks and attract fund products, analysts call for more clarity on criteria for…
Business
Politics drive investment divide in South-east Asia’s top markets
POLITICAL upheaval is driving a split in South-east Asia’s financial landscape, as investors bet that the worst may finally be over in…
Business
Peak number of private equity firms seen running zombie risk
A RECORD number of private equity firms will turn into so-called zombie funds this year, as they struggle to reel in new investor cash,…
Business
Blockchain billionaire emerges from Figure’s post-IPO surge
It took him a few tries, but Mike Cagney is now a billionaire. Shares of blockchain-based lender Figure Technology Solutions have soared…
Business
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production…
Business
India tweaks IPO rules to allow easier listing for big firms
India’s securities market regulator on Friday (Sep 12) made it easier for very large private companies to go public in one of the world’s…
Business
Busiest IPO week since 2021 mints US$4 billion for 6 newcomers
The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4 billion in the…