GameStop reports 14% rise in quarterly revenue, unveils $2 billion share buyback
June 2 : GameStop on Tuesday reported a 14 per cent rise in quarterly revenue and said its board has approved a new $2 billion share repurchase program.Shares of the company jumped 9 per cent in extended trading.
Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge
June 2 : Palo Alto Networks raised its annual revenue and profit forecast on Tuesday, as enterprises increased spending on cloud, identity and AI-driven cybersecurity products amid a rising threat landscape, sending shares up 7.4 per cent in extended trading.Here are some details on the results:• ...
Texas Instruments names insider Julie Knecht as finance chief
June 2 : Texas Instruments on Tuesday named insider Julie Knecht as its finance chief, succeeding Rafael Lizardi, who will retire after 25 years with the analog chipmaker.Knecht, currently chief accounting officer and vice president of accounting and tax, will assume the role on August 1, while Liza ...
Exclusive-Meta scales back plan for internal mouse-tracking tech, citing staff concerns
June 2 : Meta is dialing back elements of its plan to collect employee mouse movements, keystrokes and other actions for use as AI training data, it said in an internal memo on Tuesday, following weeks of angry pushback from staffers.New controls will allow employees to pause the data collection for ...
Exclusive-Meta scales back AI mouse clicks tool, citing employee concerns
NEW YORK, June 2 : Meta is dialing back elements of its plan to collect employee mouse movements, keystrokes and other actions for use as AI training data, it said in an internal memo on Tuesday, following weeks of angry pushback from staffers."While we remain confident in the privacy protectio ...
US sanctions Iran's largest crypto exchange over IRGC links
LONDON, June 2 : The United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing it of enabling the Iranian government and blacklisted state institutions to circumvent Western sanctions.The new sanctions follow a Reuters investigation published on May 1 which s ...
Microsoft reveals new quantum chip made with AI, says it will have systems by 2029
SAN FRANCISCO, June 2 : Microsoft on Tuesday unveiled a new quantum computing chip that it redesigned with the help of AI, saying it now believes it will have commercially useful quantum machines by 2029.The new target date puts Microsoft on track to have quantum computers the same year as rival IBM ...
Blue Origin's New Glenn rocket to return to flight before year ends, CEO says
June 2 : Blue Origin will return its New Glenn rocket to flight before the year ends, CEO Dave Limp said late on Monday, days after one of the rockets exploded, damaging the company's launch pad and tightening a U.S. launch bottleneck for satellite companies.Blue Origin staff has inspected dama ...
Exclusive-SpaceX targets $1.75 trillion valuation including greenshoe option in record IPO, sources say
June 2 : SpaceX, Elon Musk's rocket and satellite company, plans to raise at least $75 billion in its record initial public offering, two people familiar with the matter told Reuters on Tuesday.After early meetings with investors, or a "testing the waters" process, the company has ind ...
Trump administration to ask US AI firms to voluntarily submit models for cybersecurity tests
June 2 : The Trump administration will ask leading AI developers to voluntarily submit their most capable models for government cybersecurity tests before releasing them to the public, according to an executive order released on Tuesday, as security fears mount in Washington over powerful new AI sys ...
Trump signed order to promote advanced AI innovation and security, White House says
June 2 : U.S. President Donald Trump signed an AI-related executive order aimed at promoting advanced artificial intelligence innovation and security, the White House said on Tuesday.Trump's order directs federal agencies to develop cybersecurity standards for advanced AI models, according to t ...
Turkish lira-pegged stablecoins most widely used after dollar tokens, Zodia says
PARIS, June 2 : Stablecoins pegged to the Turkish lira were the second-most widely used stablecoins among clients at Standard Chartered's crypto subsidiary last year, although volumes remain small compared to dollar-pegged tokens, Zodia Markets said on Tuesday.Stablecoins, a type of cryptocurre ...
AI demand, earnings optimism lift tech giants' market value in May
June 2 : The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI chips fuelled a rally in their shares.Apple, memory chipmakers Micron Technology, Samsung Electronics and ...
Lead independent director of CSE Global resign due to differing views on working with controlling shareholders
Teo Zheng Long - Tan Chian Khong, lead independent director of CSE Global (SGX: 544 ) has resigned with effect from June 2. In the June 2 filing, CSE Global mentioned that Tan’s resignation was due to “differences of views with regard to working with controlling shareholders.” Based on CSE Global’s latest an ...
Hong Kong securities regulator warns licensed firms of AI-driven cyber threats
June 2 : Hong Kong's securities regulator on Tuesday urged licensed firms to bolster their cybersecurity defenses, warning of a surge in increasingly advanced and targeted AI-driven cyber threats.• In a circular, the Securities and Futures Commission said licensed firms, specifically internet ...
US stocks pull back as traders evaluate new Middle East developments
Recent moves feel ‘like two or three steps forward and one step back’, says one analyst
Retail investors fuel record buying in US software ETF as AI trade broadens
June 2 : The largest exchange-traded fund (ETF) tracking U.S. software stocks clocked the biggest single-day buy-in by retail investors on record on Monday, data from Vanda Research showed.Software stocks have largely recovered their losses from earlier this year when fears of industry-wide disrupti ...
Exclusive-UK adopts SpaceX's Starshield for military operations, sources say
LONDON, June 2 : Britain has begun using SpaceX's militarised satellite network Starshield, according to two people familiar with the matter, making it among the first countries outside the United States to adopt Elon Musk's government-focused variant of Starlink.Starshield, developed for ...
Victoria’s Secret soars as turnaround powers upbeat annual forecasts
Shares of the lingerie retailer have nearly trebled in the past 12 months
Indonesian business groups call for clarity about new commodity export rules
They are also seeking legal certainty on ongoing and long-term contracts, as well as payments, among others
SpaceX negotiating underwriting fees under 0.75% for IPO, Bloomberg News reports
June 2 : Elon Musk's SpaceX is negotiating with banks underwriting its initial public offering to pay fees of less than 0.75 per cent on the roughly $75 billion it aims to raise this month, Bloomberg News reported on Tuesday. The banks are still likely to rake in about $500 million from the rec ...
Tiger Brokers to suspend investors in mainland China from adding new positions
HONG KONG: Tiger Brokers will bar China-based investors from adding to their positions from Jun 12 when they are physically on the Chinese mainland, the Singapore-headquartered trading firm said in a notice to clients on Tuesday (Jun 2).China had told Tiger and other online brokers Futu and Longbrid ...
Anthropic Mythos access to quadruple to about 200 Glasswing partners
SAN FRANCISCO, June 2 : Anthropic on Tuesday said it was planning a wider rollout of its artificial intelligence that has caught the attention of government and financial institutions around the world for its ability to find software vulnerabilities.Project Glasswing, Anthropic's partnership of ...
Anthropic Mythos access to grow four-fold to about 200 Glasswing partners
SAN FRANCISCO, June 2 : Anthropic on Tuesday said it was planning a wider rollout of its artificial intelligence that has caught the attention of government and financial institutions around the world for its ability to find software vulnerabilities.Project Glasswing, Anthropic's partnership of ...
Cisco rolls out software tools to protect IT systems from AI agents
SAN FRANCISCO, June 2 : Cisco Systems on Tuesday announced a new suite of software tools that businesses can use to build their own armies of bots known as AI agents, to protect their IT infrastructure against cybersecurity threats.Cisco's announcement comes as Anthropic is set to release its M ...
Singapore’s PMI inches up to 51 in May as electronics sector maintains growth
Paige Lim - This marks the index’s highest reading since December 2024
Morningstar values SpaceX at $780 billion, half its IPO target
June 2 : Morningstar analysts pegged SpaceX's valuation at $780 billion, less than half of what the Elon Musk-led company is reportedly targeting in its initial public offering, ahead of a planned roadshow this week.Prospects for the company's artificial intelligence business, which includ ...
IEA sees possibility of critically low oil stockpiles ahead of peak summer demand
Around half of the initial 400-million-barrel coordinated release from March is yet to hit the market
Poland to ban phones in schools, restrict access to pornography
WARSAW, June 2 : Poland wants to ban under-16s from using mobile phones in schools from September 1 and plans to introduce stricter age verification rules to access pornography, Prime Minister Donald Tusk said on Tuesday. Countries including the Netherlands, South Korea and Italy have banned smartph ...
Impulse Space raises $500 million at $4.26 billion valuation as space investing surges
NEW YORK, June 2 : Impulse Space, a startup building spacecraft that can ferry satellites and other payloads around in orbit after launch, said on Tuesday it has raised $500 million in a Series D funding round. The funding round values the company at $4.26 billion, according to a person familiar wit ...
Analysis:How a nudge from Nvidia propelled frugal Micron into the AI boom and a $1 trillion market cap
SAN FRANCISCO, June 2 : Micron Technology's march toward a $1 trillion valuation is nothing if not dramatic: a year ago it was a little over $100 billion.That surge, though, was not built on its famed frugality, but on a nearly too-late push from Nvidia that pulled the U.S. memory chipmaker int ...
Meta expands teen content controls globally, tests new Instagram tool to diversify feeds
June 2 : Meta is expanding its content settings for teen accounts on Instagram, Facebook and Messenger globally to ensure age-appropriate experiences for younger users, it said on Tuesday, as social media platforms face growing scrutiny about child health and safety.The initiative, initially launche ...
Amazon's Ring sued over facial recognition feature, latest privacy concern for doorbell maker
SAN FRANCISCO, June 2 : Amazon was sued on Monday by a Virginia resident over what he said were privacy violations after the company's Ring doorbell cameras at friends and family members' homes collected and stored images of his face using facial recognition software.The plaintiff, Charles ...
UBS offers its first AT1 since Swiss authorities paused reforms
The lender is looking to sell at least US$500 million of perpetual bonds, says a source
