48 minutes ago
SpaceX generated about US$8 billion in profit last year ahead of IPO: sources
Musk expects Starship to start launching payloads into space this year
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
Exclusive-Saks ending e-commerce partnership with Amazon, source says
NEW YORK, Jan 30 : Bankrupt retailer Saks Global is ending its "Saks on Amazon" partnership with e-commerce giant Amazon.com, a source with direct knowledge of the decision said on Friday.The partnership was already in dire straits when Saks filed for bankruptcy earlier this month, but the ...
2 hours ago
Nvidia's plan to invest up to $100 billion in OpenAI has stalled, WSJ reports
Jan 30 : Nvidia's plan to invest up to $100 billion in OpenAI to help it train and run its latest artificial-intelligence models has stalled after some inside the chip giant expressed doubts about the deal, the Wall Street Journal reported on Friday, citing people familiar with the matter. Re ...
2 hours ago
Gold, silver prices tumble as investors soothed by Trump Fed pick
Gold fell as much as 12 per cent at one point, retreating below US$5,000 an ounce after hitting a record high near US$5,600 a day earlier.
2 hours ago
Hong Kong port operator violated Panama's constitution, failed to serve public interest, Panama court ruled
PANAMA CITY, Jan 30 : The Supreme Court of Panama said a contract held by a Hong Kong company to operate ports at the Panama Canal failed to “serve the public interest and social welfare,” in its decision on Thursday voiding the contracts. While the court announced the decision on Thursday, it h ...
2 hours ago
Oil hovers near six-month high as investors track US-Iran tensions
A stronger US dollar can limit demand from oil buyers paying in other currencies
2 hours ago
Analysis:Combining SpaceX with xAI may be simple for Musk Inc, but Tesla isn't so easy
Jan 30 : Elon Musk fans and the man himself have long mused about Musk Inc, a merger of companies owned by the world's richest man. But with SpaceX expected to go public later this year, and Tesla facing a challenging transition from human-driven EVs to robotaxis and robots, even some proponent ...
2 hours ago
US stocks fall, as investors fret over Trump’s Fed nominee, earnings, inflation
Warsh is expected to favour lower interest rates
2 hours ago
Google defeats bid for billions of dollars of new penalties in US privacy class action
Jan 30 : Alphabet's Google persuaded a federal judge in San Francisco on Friday to reject a bid by consumers for more than $2 billion in penalties over the company’s past collection of data from users who had switched off a key privacy setting.Chief U.S. District Judge Richard Seeborg denied ...
3 hours ago
European shares cap strong January with earnings-fuelled gains
With the European Central Bank staying put on monetary policy, greater focus is on the US Fed’s outlook on interest rates
3 hours ago
Musk's Starlink updates privacy policy to allow consumer data to train AI
NEW YORK, Jan 30 : SpaceX revised its Starlink privacy policy to allow the use of customer data for AI training, a shift that could bolster Elon Musk's AI ambitions.Ahead of a blockbuster IPO planned for later this year, SpaceX is in talks to merge with Musk’s AI company, xAI, a deal first re ...
3 hours ago
Trump's Fed pick Warsh serves on board of firm at center of US-South Korea trade spat
WASHINGTON, Jan 30 : Kevin Warsh, President Donald Trump's pick to head the Federal Reserve, has earned over $1 million since 2020 as a member of the board of e-commerce company Coupang, now at the center of trade tensions between the U.S. and South Korea. Warsh has served on the board of the ...
4 hours ago
Thoma Bravo explores sale of identity software firm Imprivata, sources say
Jan 30 : Thoma Bravo is exploring a sale of Imprivata, a digital identity software provider for the healthcare industry, according to three people familiar with the matter.The software-focused private equity investor is working with investment bankers at JPMorgan and Evercore on the sale process for ...
4 hours ago
Exclusive-SpaceX generated about $8 billion in profit last year ahead of IPO, sources say
NEW YORK, Jan 30 : SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, two people familiar with the company's results said, providing fresh insight into the financial health of Elon Musk’s space company that is expected to go public later this year. ...
5 hours ago
Bezos' Blue Origin pauses New Shepard rocket program to focus on moon lander efforts
WASHINGTON, Jan 30 : Jeff Bezos' space company Blue Origin on Friday said it was "pausing" flights of New Shepard, the company's centerpiece space tourism rocket, to shift resources to its moon lander program with NASA.The company said "it will pause its New Shepard flights ...
5 hours ago
Blue Origin shutters New Shepard rocket program to focus on moon lander development
WASHINGTON, Jan 30 : Jeff Bezos' space company Blue Origin on Friday said it was "pausing" flights of its New Shepard rocket for at least two years, effectively cancelling the company's centerpiece space tourism vehicle to focus instead on efforts to build a moon lander for NASA. ...
7 hours ago
IMF projects Bangladesh's GDP to rebound to 4.7% in fiscal 2026
Jan 30 : The International Monetary Fund on Friday said Bangladesh's gross domestic product is expected to rebound to 4.7 per cent in the fiscal year 2026, following a recent economic slowdown."With implementation of policies to mobilize tax revenue and address financial sector vulnerabili ...
8 hours ago
Videogame stocks slide on Google's AI model that turns prompts into playable worlds
Jan 30 : Shares of videogame companies fell sharply in afternoon trading on Friday after Alphabet's Google rolled out its artificial intelligence model capable of creating interactive digital worlds with simple prompts.Shares of "Grand Theft Auto" maker Take-Two Interactive and online ...
8 hours ago
Tesla climbs as SpaceX merger talks fuel Musk empire consolidation hopes
Jan 30 : Shares of Tesla jumped nearly 5 per cent on Friday after reports that SpaceX was in deal talks with Elon Musk's other companies stoked investor hopes that the billionaire's tech empire could be unified further.SpaceX is in discussions to merge with Musk's AI startup, xAI, ahe ...
8 hours ago
Tesla jumps as SpaceX merger talks fuel Musk empire consolidation hopes
Jan 30 : Shares of Tesla jumped more than 5 per cent on Friday, after reports that SpaceX was in deal talks with Elon Musk's other companies stoked investor hopes that the billionaire's tech empire could be unified further.SpaceX is in discussions to merge with Musk's AI startup, xAI, ...
10 hours ago
Sandisk surges as robust AI demand powers blowout forecast
Jan 30 : Sandisk shares rallied on Friday, after the data storage firm projected third-quarter profit and revenue well above analysts' estimates and extended a major supply deal, powered by a surge in AI-driven demand for data storage.Its shares were last up 14.7 per cent at $616.5, building on ...
10 hours ago
Coliwoo to acquire S$101 million Changi asset from ESR-Reit
Young Zhan Heng - The property’s location in Changi Business Park provides access to an established corporate tenant base
11 hours ago
Adidas plans 1-billion-euro share buyback after profits jump
Its operating profit of 164 million euros in Q4 exceeds analyst estimates
11 hours ago
Coliwoo buys hotel at Changi Business Park from ESR-REIT for $101 mil
The Edge Singapore - Co-living operator Coliwoo Holdings is acquiring 2 Changi Business Park Avenue 1 for $101 million, in what is its first significant acquisition since its listing last November. The property is now run as Park Avenue Changi and is now held by Viva Trust, a sub-trust of ESR-REIT. The hotel is now part ...
11 hours ago
Amex projects upbeat 2026 profit on steady spending by affluent customers
It expects revenue to grow in the range of 9 to 10% – versus expectations of about 9%
11 hours ago
What does Kevin Warsh’s nomination mean for the Fed?
Warsh is a loyalist who has declared his alignment with Trump’s views on monetary policy
11 hours ago
Galaxy cluster observed forming surprisingly early in universe's history
WASHINGTON, Jan 30 : Observations by NASA's James Webb Space Telescope and Chandra X-ray Observatory are providing fresh evidence that the universe grew up a lot more quickly than previously known, with observations of a galaxy cluster forming sooner after the Big Bang than once thought possibl ...
11 hours ago
Reclaims Global plans one-for-one bonus share issue
The Edge Singapore - Reclaims Global is planning a one-for-one bonus share issue to improve accessibility for investors. From 151 million shares now, the company's share base will double. With a bigger number of shares, it can tap a wider base of investors, potentially facilitating greater trading liquidity and inv ...
11 hours ago
Wall Street opens lower after Trump picks Fed critic Kevin Warsh to succeed Jerome Powell
[NEW YORK] US stocks opened lower on Friday (Jan 30) after US President Donald Trump nominated former Federal Reserve governor Kevin Warsh...
12 hours ago
iWow Technology plans to acquire company providing meals for elderly for $11.2 mil
The Edge Singapore - iWow Technology plans to acquire a business that provides meals designed for the elderly, in its bid to tap the growing silver economy. iWow is now in the business of providing monitoring systems. Under terms of a non-binding term sheet, iWow will pay $11.2 million, which will consist of $7.2 millio ...
12 hours ago
Charter Communications sheds fewer broadband subscribers than expected, shares rise
Jan 30 : Charter Communications reported a smaller-than-expected quarterly decline in broadband subscribers on Friday, a signal that its strategy of bundling mobile and internet services is stemming losses in its core user base.Shares of the Stamford, Connecticut-based company rose over 10 per cen ...
13 hours ago
Roundophobia could set in as STI approaches 5,000 but uptrend should stay intact
Goola Warden - Roundophobia is a term coined by a technical analyst popular in the 1980s, David Fuller. It means a fear of round numbers for the stock market. 5,000 is such a number. It just so happens that as the Straits Times Index approaches 5,000, technical indicators are somewhat overstretched. Short term 21- ...
13 hours ago
Stocks edge higher as Trump announces Kevin Warsh as Fed pick
LONDON, Jan 30 : Global stocks edged higher on Friday, while the dollar rose and gold plunged after U.S. President Donald Trump nominatedKevin Warsh as his pick for the next Federal Reserve Chair.Warsh, a former Fed governor, is seen as an advocate of lower interest rates, but he is also considered ...
13 hours ago
Stocks stumble, dollar climbs after Trump taps Warsh for Fed, inflation data
NEW YORK, Jan 30 : Global stocks fell for a second straight session on Friday, while the dollar strengthened, after U.S. President Donald Trump tapped former Federal Reserve governor Kevin Warsh as the next chair of the central bank, while a reading on inflation was stronger than expected.Warsh is a ...