40 minutes ago
European shares post worst day since March; Trump threat rattles Spanish stocks
Trump called Madrid a “terrible partner”
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
45 minutes ago
Michael Burry buys Flutter, DraftKings shares betting prediction-market threat will fade
July 8 : Michael Burry, the investor famed for predicting and profiting from the 2008 U.S. housing market collapse, has bought shares of sports-betting platforms Flutter Entertainment and DraftKings, wagering regulatory scrutiny will eventually curb the threat posed by prediction markets.Burry said ...
50 minutes ago
US stocks: S&P 500 ends down after Trump says Iran deal is ‘over’
The IMF lowered its 2026 global growth forecast to 3%
2 hours ago
Honeywell Technologies raises profit guidance after one-for-two reverse stock split
July 8 : Automation firm Honeywell Technologies on Wednesday raised its second-half and full-year profit targets for 2026 after completing a one-for-two reverse stock split.The company, formerly Honeywell, proceeded with the split after spinning off and listing its aerospace arm, Honeywell Aerospace ...
2 hours ago
Oil hits multi-week high, Wall Street slips as Iran tensions reignite
WASHINGTON, July 8 : Stocks were mostly lower and oil prices rose on Wednesday after U.S. President Donald Trump said the interim peace deal with Iran was "over" and the U.S. announced fresh military strikes.Oil prices settled nearly 5 per cent higher as tensions reignited in the Middle Ea ...
2 hours ago
SpaceXAI launches Grok 4.5 model for coding, agentic tasks
July 8 : SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering to date designed for coding and agentic tasks. Here are some details:• SpaceXAI said Grok 4.5 was trained across tens of thousands of Nvidia GB300 graphics processing units, with ...
2 hours ago
US judge approves Elon Musk settlement with SEC despite misgivings, 'red flags'
July 8 : A federal judge on Wednesday approved the U.S. Securities and Exchange Commission's settlement with Elon Musk over his purchase of Twitter shares, despite expressing "significant misgivings" about the accord and the "red flags" it raised.U.S. District Judge Sparkle ...
3 hours ago
Companies must address self-driving car interference with emergency vehicles, US says
WASHINGTON, July 8 : The head of the U.S. National Highway Traffic Safety Administration said Wednesday that self-driving car companies must quickly address a "clear pattern" of driverless vehicles interfering with law enforcement and other first responders.Jonathan Morrison, who heads the ...
3 hours ago
Meta to build C$13 billion Alberta data center, its first in Canada
CALGARY, July 8 : Tech giant Meta announced Wednesday it will build a massive data center in central Alberta, the company's first in Canada, as it rapidly builds out computing capacity to support the global AI boom.The 1-gigawatt data center will be located in Sturgeon County and represents a t ...
5 hours ago
OpenAI launches GPT-Live voice models that listen and speak simultaneously
July 8 : OpenAI on Wednesday launched GPT-Live, a new family of voice models capable of listening and speaking simultaneously in real time.The IPO-bound AI startup said it will roll out two versions of GPT-Live – GPT-Live-1 and GPT-Live-1 mini – to users globally on Wednesday.In May, OpenAI intr ...
6 hours ago
BofA extends first $520 million loan to OpenAI ahead of IPO, source says
July 8 : Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an initial public offering, a person familiar with the matter told Reuters on Wednesday.The loan makes BofA one of OpenAI's largest lenders and bolsters its credent ...
6 hours ago
Judge rejects Kalshi bid to block New York gambling enforcement law
NEW YORK, July 8 : A federal judge denied Kalshi's bid to block New York from enforcing its gambling laws against the prediction markets platform, amid a growing battle between federal and state regulators over authority to police the fast-growing industry.In a decision on Tuesday, U.S. Distric ...
7 hours ago
Ancient quasars add to a 'major unsolved problem' in astrophysics
WASHINGTON, July 8 : A quasar — among the universe's most luminous and energetic objects — is a supermassive black hole caught in the act of guzzling matter at the heart of a galaxy. Scientists have now found quasars dating to so early in cosmic history that they are baffled as to how they ...
7 hours ago
WTO panel largely rejects Indonesia's challenge to EU duties in fatty acid imports dispute
July 8 : A World Trade Organization panel on Wednesday largely rejected Indonesia's challenge to European Union anti-dumping duties on fatty acid imports from the Southeast Asian country, while finding a limited breach related to the European Commission's calculation of dumping margins.The ...
7 hours ago
Mistral launches first robotics model in physical AI push
July 8 : Paris-based Mistral AI on Wednesday unveiled its first robotics model as Europe's leading AI company pushes into factories, warehouses and industrial automation.The launch follows Mistral's acquisition of Austria's Emmi AI in May and comes months after Paris-based startup Gen ...
7 hours ago
LatAm assets slide after Trump says Iran deal 'over'
July 8 : Latin American assets fell on Wednesday after U.S. President Donald Trump said the interim accord to end the war against Iran was over, sending oil prices higher and denting global risk sentiment.Trump also said that the U.S. was likely to launch more strikes on Wednesday night and take ove ...
7 hours ago
LatAm assets slide with global markets after Trump says Iran deal 'over'
July 8 : Most Latin American assets fell on Wednesday after U.S. President Donald Trump said the interim accord to end the war with Iran was over, sending oil prices higher and denting global risk sentiment. Trump also said that the U.S. was likely to launch more strikes on Wednesday night and take ...
8 hours ago
Sugar market to register small deficit in 2026/27, says broker Czarnikow
[LONDON] The global sugar market will be in a modest deficit of 600,000 metric tons in the 2026/27 season, thanks largely to...
9 hours ago
Bezos' Blue Origin seeks first outside funding at $130 billion valuation, NYT DealBook reports
July 8 : Jeff Bezos' Blue Origin is looking to tap outside investors for the first time, aiming to raise $10 billion in a funding round that would value the rocket maker at $130 billion before the investment, according to an NYT DealBook report on Wednesday.Coatue Management, a big asset manage ...
9 hours ago
Wall St opens lower as Trump says Iran deal is 'over'
[NEW YORK] Wall Street’s main indexes opened lower on Wednesday (Jul 8) after President Donald Trump said an interim deal aimed at...
9 hours ago
PBOC pledges to maintain accommodative policy amid weak demand, external shocks
The economy was facing a mismatch between strong supply and weak demand
9 hours ago
SGX cuts loose Scientific Beta for 23 mil euros
The Edge Singapore - SGX Group has sold its subsidiary Scientific Beta for 23 million euros, as part of its active portfolio management and sharper focus on growth priorities. Scientific Beta, based in Nice, France, is described as a specialised research-based index provider, focusing on multi-factor, single factor, and ...
9 hours ago
Bitcoin weakens as Trump’s remarks raise fresh Iran war concerns
The largest cryptocurrency fell more than 3% to around US$61,691 on Wednesday
10 hours ago
Foundation Healthcare ends trading debut at 70 cents; nearly 11 mil shares bought under stabilisation arrangement
The Edge Singapore - UBS, one of the managers for Foundation Healthcare Holdings' IPO, has bought 10,905,700 shares at between 70 and 76 cents each as part of its stabilisation arrangement. As indicated earlier, up to 24,276,300 shares have been allocated for this purpose. This means some 45% of the stabilisation s ...
10 hours ago
SGX divests index provider Scientific Beta
Deon Loke - The deal enables ‘the redeployment of resources towards capabilities aligned with its growth priorities’, SGX says
10 hours ago
US dollar steady around 1-week high after Trump says Iran MOU ‘over’
[LONDON] The greenback as broadly steady at its highest level in roughly a week on Wednesday (Jul 8) after US President Donald...
11 hours ago
HSBC drops 'overweight' call on EM equities on AI spending fears
July 8 : HSBC closed its "overweight" stance on emerging markets equities on Wednesday, citing increased volatility in Asia and warning that renewed concerns over weaker AI spending could disproportionately weigh on EM Asian markets.EM Asian equities have remained volatile lately, with maj ...
11 hours ago
Changes to EV incentives, uncertainty over COE framework drive Category A to a new high in ‘re-run of 2025 mania’
Derryn Wong - Awareness that incentives will be reduced in 2027, strong demand are keeping premiums elevated for mainstream cars
11 hours ago
Incentive Fomo, uncertainty drive new Category A COE record in ‘re-run of 2025 mania’
Derryn Wong - Awareness that incentives will be reduced in 2027, strong demand are keeping premiums high for mainstream cars
11 hours ago
Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’
Derryn Wong - Awareness that incentives will be reduced in 2027, strong demand are keeping premiums elevated for mainstream cars
11 hours ago
Incentive FOMO, uncertainty drives new Category A COE record in ‘re-run of 2025 mania’
Derryn Wong - Awareness that incentives will be reduced in 2027 and strong demand are keeping premiums high for mainstream cars
12 hours ago
China warns of 'security backdoor' in Anthropic AI coding tool
The alleged backdoor could allow the software to "transmit sensitive information", including users' locations and identity-related identifiers, back to Anthropic's servers without users' consent.
12 hours ago
Allianz to cut up to 1,800 jobs due to increasing AI use
July 8 : Allianz's travel insurance division will cut up to 1,800 jobs due to the growing use of AI, said Tomas Kunzmann, CEO of Allianz Partners, on Tuesday evening, confirming an earlier Reuters report.
12 hours ago
AI chip startup SambaNova valued at $11 billion in $1 billion funding round
July 8 : AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led by General Atlantic at an $11 billion post-money valuation.The company makes custom chips, hardware systems and cloud services tailored for inference - the process by which models respond ...