Palmer Luckey-backed Erebor receives US national banking charter, WSJ reports
Feb 6 : Crypto-focused Erebor Bank became the first bank to receive a national bank charter during the second term of the Trump administration, the Wall Street Journal reported on Friday.The approval allows the Palmer Luckey-backed entity to operate as a bank nationwide, and occurred less than eight ...
NFL to talk with partners outside of core media for live games, CNBC reports
Feb 6 : The National Football League plans to hold discussions with non-traditional media outlets about the possible sale of rights to a live game, its media chief Hans Schroeder told CNBC Sport on Friday."We have other people that are both partners in a smaller sense — maybe not a full packa ...
Bitcoin rallies, tops $70,000 as risk assets stabilize
NEW YORK/LONDON, Feb 6 : Bitcoin climbed back above $70,000 on Friday, after sinking to a 16‑month low earlier, lifted by a sharp rebound in technology shares and precious metals following a global rout that had hammered a broad swathe of risk assets.The world's largest cryptocurrency was las ...
Commentary: There are good reasons to be cheerful about global trade
US President Donald Trump’s tariff campaign hasn’t yet derailed the global trade system, which has shown enough flexibility to adapt, says the Financial Times’ Alan Beattie.
Dollar heads for weekly rise, yen slumps ahead of Japan's election
NEW YORK, Feb 6 : The dollar slipped from two-week highs on Friday, returning some safe-haven gains as risk assets rebounded from a deep rout driven by concerns over a surge in AI-related spending this year.Even so, the buck remained on track for a weekly rise and trimmed earlier losses against th ...
Vista Equity Partners and Intel to lead investment in AI chip startup SambaNova, sources say
(Refile with company name in the headline in one word without the space)By Milana Vinn and Krystal HuFeb 6 : Private equity firm Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its trad ...
Exclusive-Vista Equity Partners and Intel to lead investment in AI chip startup Samba Nova, sources say
Feb 6 : Private equity firm Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its traditional focus on enterprise software, according to people familiar with the matter. Vista, through a ...
Apple plans to allow external voice-controlled AI chatbots in CarPlay, Bloomberg News reports
Feb 6 : Apple is preparing to allow voice-controlled artificial intelligence apps from other companies in CarPlay, Bloomberg News reported on Friday, citing people familiar with the matter.The change represents a strategic shift for Apple, which, until now, has only allowed its own Siri assistant as ...
US Justice Department casts wide net on Netflix's business practices in merger probe, WSJ reports
Feb 6 : The U.S. Department of Justice is investigating whether Netflix has engaged in anti-competitive tactics as part of the streaming giant's proposed acquisition of Warner Discovery's studios and streaming service, the Wall Street Journal reported on Friday.In a civil subpoena viewed b ...
Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
Feb 6 : Goldman Sachs is working with technology startup Anthropic to develop AI-powered agents aimed at automating a widening range of internal functions, CNBC reported on Friday, citing the bank’s chief information officer.Goldman Sachs confirmed the accuracy of the report.The Wall Street bank h ...
Amazon shares plunge as AI costs climb
Strong sales fail to calm market fears over soaring AI and infrastructure spending.
Stocks, bitcoin rally, regaining some lost ground with precious metals
NEW YORK/ LONDON, Feb 6 : MSCI's global equities gauge rallied 1.5 per cent on Friday for its strongest advance in months, after falling in five of the prior six sessions, while bitcoin also bounced from a sharp selloff and spot gold and silver prices regained some lost ground.Oil prices settle ...
Stocks, bitcoin regain some ground along with precious metals
NEW YORK/ LONDON, Feb 6 : MSCI's global equities gauge was advancing solidly on Friday after falling in five of the last six sessions, while bitcoin also attempted a comeback from its sharp selloff and spot gold and silver attempted to regain some lost ground.Oil prices were choppy on Friday as ...
Big Tech's quarter in four charts: AI splurge and cloud growth
Feb 6 : U.S. tech giants have predicted their spending would surge this year as they double down on artificial intelligence, sharpening investor scrutiny over whether these costly bets would generate enough returns to justify the sector's high valuations.The group - including Alphabet, Microsof ...
Amazon shares slide as US$200 billion outlay fans fears over AI returns
Big tech’s massive AI spending hike surprises analysts, raising doubts over whether returns can keep pace
China flexes its muscle at Singapore Airshow as US isolated
Beijing sharpening its bid for influence in South-east Asia
TikTok accused of breaching EU online content rules
EU tech regulators say the app may have to change its ‘addictive design’ featuring infinite scroll and autoplay
AI trade splinters as investors get more selective
LONDON, Feb 6 : The global AI trade is starting to fracture as soaring capex, rising debt loads and doubts over who will profit from the technology force investors to draw sharper lines. Markets are now splitting across stocks, sectors and even regions.When ChatGPT launched in November 2022, anythin ...
Creative CEO to also be its chairman; cousin Chew Kian Giap added to board
Sharanya Pillai - Late founder Sim Wong Hoo’s brother will relinquish his director role from Feb 17
Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
FRANKFURT, Feb 6 : Salzgitter on Friday said it planned to buy out the co-owners of steel joint venture HKM to become the company's sole owner from mid-2026, potentially ending a spat with Thyssenkrupp over the future of the business.A solution around HKM, owned by Salzgitter, Thyssenkrupp Stee ...
Wall Street rebounds after week-long tech rout, Amazon down on AI capex jump
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Feb 6) following a bruising sell-off in technology shares through the week,...
Goldman, JPMorgan and Bank of America boost banker, trader bonus pools by at least 10%
The payouts reflect a strong year for the US largest banks
Societe Generale launches 1.5 billion euro buyback after profit beat estimates
The reacquisition follows two extraordinary share repurchase programmes launched in 2025, worth one billion euros each
Bank of England cautious about risks from expected dip in inflation
[LONDON] Bank of England chief economist Huw Pill said on Friday (Feb 6) that there was a risk that the central bank...
Indonesia's Danantara fund launches natural resources processing projects worth $7 billion
JAKARTA, Feb 6 : Indonesia's sovereign wealth fund Danantara Indonesia on Friday launched six projects in the natural resources processing sector valued at $7 billion, including a green energy refinery project by state-run Pertamina, the fund's chief said.The other projects included constr ...
Frasers Property logs S$1.4 billion in pre-sold residential revenue, boosted by China sales
Sharanya Pillai - The China market contributed S$500 million as at end-2025
Global chip sales expected to hit $1 trillion this year, industry group says
SAN FRANCISCO, Feb 6 : Global semiconductor sales are expected to hit $1 trillion this year, the Semiconductor Industry Association said on Friday.The group, which represents most U.S. chip firms, said that chip sales hit $791.7 billion in 2025, an increase of 25.6 per cent over the previous year. ...
Chairman of Malaysia's IJM Corp detained in anti-graft probe
The arrest happened at the agency’s headquarters following a raid on the suspect’s home
Australian laser maker EOS opens production centre in Singapore
The centre will produce EOS’s 100 kilowatt-class laser weapon system for Dutch and Korean customers
Creative's CEO Sim Li Ern takes on executive chairman role; cousin Chew Kian Giap joins board too
The Edge Singapore - The board of Creative Technology has been refreshed, with CEO Sim Li Ern taking on the additional role as executive chairman of the company. In addition, his cousin, Chew Kian Giap, has been named a non-executive, non-independent director. Both Sim Li Ern and Chew are nephews of the late Sim Wong Ho ...
World’s largest pig breeder Muyuan up 3.9% in Hong Kong debut; Han’s CNC jumps nearly 15%
Muyuan’s HK$10.7 billion listing proceeds makes it the largest IPO since Zijin Gold International’s debut last September
Chuan Hup's earnings jump more than three times to US$2.1 million
Lin Daoyi - Chuan Hup Holdings has reported net profit of US$2.1 ($2.67) million for the half-year ended Dec 31, 2025. This represents a y-o-y increase of US$1.5 million or an improvement exceeding three times. The company attributes the stronger performance to disposal gains of investment securities of US$0.8 ...
New AI method helps identify which dinosaur made which footprints
WASHINGTON, Feb 6 : Footprints are among the most common kind of dinosaur fossils. Sometimes scientists find a single, lonely footprint. Sometimes they come across a chaotic jumble of tracks resembling a dance floor, sort of a dinosaur discotheque. But identifying which dinosaur left which track has ...
Tech stock shakeout clouds market ahead of economic data deluge
NEW YORK, Feb 6 : An artificial intelligence-driven shakeout in the heavyweight technology sector is set to keep stock investors on edge in the coming week while a barrage of data could shift focus to the health of the economy.A deepening rout among software stocks has commanded Wall Street's a ...
