1 day ago
Trump rues state of Iran talks, says prefers not to strike
Tehran relayed a new proposal to Washington via Pakistan, which mediated a first round of directed negotiations last month
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Musk’s trial against OpenAI hits some rough spots in first week
[AUSTIN, TEXAS] Elon Musk set out to tell a jury that his falling out with OpenAI was a simple tale of betrayal.
1 day ago
Coinbase says deal reached on key provision of crypto bill
May 1 : Coinbase said on Friday a deal has been reached on a key provision in a landmark crypto legislation that could clear the path for the bill to move forward in the U.S. Senate.• The bill stalled earlier this year because banks opposed a provision allowing stablecoin issuers and crypto firms ...
1 day ago
Oil falls on hopes for US-Iran negotiations, Hormuz progress
[NEW SOUTH WALES] Oil edged lower in thin trading on Friday (May 1) with US-Iran peace negotiations on the ropes but still...
1 day ago
S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
[NEW YORK] The S&P 500 and the Nasdaq advanced to record closing highs on Friday (May 1), boosted by robust earnings and...
1 day ago
The economy is not a sports league
Tong Kooi Ong + Asia Analytica - From time to time, a familiar argument resurfaces. That free markets are too harsh, too unequal, too unpredictable — and that perhaps they could be better managed if they resembled something more orderly, like a professional sports league. In football or basketball leagues, rules are designed to k ...
1 day ago
Netflix to give Greta Gerwig’s 'Narnia' wide theatrical release, marking a first
May 1 : Netflix on Friday said it would put filmmaker Greta Gerwig’s "Narnia: The Magician’s Nephew" movie in wide theatrical release next year, where it will play exclusively for more than 45 days - a first for the streaming service.Written and directed by Gerwig, the film is the firs ...
2 days ago
‘No more WeWork-style growth’: Hmlet CEO Yoan Kamalski on his comeback and lessons learnt
Benjamin Cher - ‘Unfinished desires’ fuel his return and the pivot to sustainable growth under Mitsubishi Estate
2 days ago
GameStop is preparing offer for eBay, WSJ reports
May 1 : GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer's market value more than tenfold, the Wall Street Journal reported on Friday.Shares of eBay, which has a market capitalization of about $46 billion, jumped about 10 per cen ...
2 days ago
US LNG exports to Asia surged in April as Middle East conflict curtailed supply
HOUSTON, May 1 : U.S. exports of liquefied natural gas to Asia jumped in April, with American producers helping offset reduced supplies from Middle Eastern exporters as the Iran war curtailed output in the region, preliminary ship-tracking data from financial firm LSEG showed.Nearly a quarter of all ...
2 days ago
Meta faces US lawmaker scrutiny over removal of lawyer ads for social media addiction cases
WASHINGTON, May 1 : Meta should not have removed advertisements from attorneys seeking clients that claim they were harmed by social media platforms, two U.S. senators said on Friday in a letter to CEO Mark Zuckerberg.Here are some details:• Republican Senator Marsha Blackburn and Democratic Senat ...
2 days ago
Exclusive-US officials weigh cutting deadlines to fix digital flaws amid worries over AI-powered hacking, sources say
WASHINGTON, May 1 : U.S. cybersecurity officials are considering sharply shorter deadlines for fixing critical flaws in government IT systems, amid concerns hackers could exploit them using artificial‑intelligence tools such as Anthropic’s Mythos, people familiar with the matter said. The move, ...
2 days ago
Tether slows gold purchases for USDT reserves in first quarter, data shows
LONDON, May 1 : Tether, issuer of the world's largest stablecoin, slowed its purchases of gold for its reserves to back Tether USDT in the first quarter to about 6 metric tons from 27 tons in October-December, its quarterly report showed on Friday.The crypto company became a significant buyer o ...
2 days ago
Intel's Sambanova deal gets US antitrust clearance
May 1 : U.S. antitrust authorities have completed their review of Intel's investment in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, according to a regulatory notice circulated on Friday.Intel put $35 million into SambaNova in February, which, along with other financing, booste ...
2 days ago
S&P 500 profit eyes sharpest quarterly growth in four years after Big Tech results
May 1 : Analysts' expectations for S&P 500 earnings improved sharply after a week dominated by megacap results, LSEG IBES data showed on Friday, even as oil prices stayed high and tensions with Iran remained unresolved.S&P 500 profits are expected to grow 27.8 per cent in the first quar ...
2 days ago
BYD exports jump as soaring fuel prices spur global EV demand
BYD’s overseas sales soared in April as surging petrol prices in the wake of the Iran war spurred renewed interest in electric...
2 days ago
Builder China Vanke posts 5.95 billion yuan loss in Q1
The loss stemmed mainly from declines in home settlements
2 days ago
Exxon beats Q1 earnings estimate despite hit from Iran conflict
Adjusted earnings for the quarter were US$1.16 per share, above the consensus estimate of US$1
2 days ago
Pentagon reaches agreements with top AI companies, but not Anthropic
WASHINGTON, May 1 : The Pentagon said on Friday it had reached agreements with seven AI companies to deploy their advanced capabilities on the Defense Department's classified networks as it seeks to broaden the range of AI providers working across the military.The statement notably excludes Ant ...
2 days ago
Pentagon reaches agreements with leading AI companies
WASHINGTON, May 1 : The Pentagon said on Friday it had reached agreements with seven leading AI companies to deploy their advanced capabilities on the Defense Department's classified networks.SpaceX, OpenAI, Google, NVIDIA, Reflection, Microsoft and Amazon Web Services will be integrated into t ...
2 days ago
Estee Lauder to cut 3,000 more jobs as CEO pushes overhaul
As many as 10,000 roles will now go, up from its previous target of 7,000 announced a year ago
2 days ago
BYD's sales downturn extends to eighth straight month
SHANGHAI, May 1 : Chinese electric vehicle giant BYD's vehicle sales fell for an eighth straight month, down 15.5 per cent from a year earlier in April, extending its longest-ever sales downturn as it struggles with weak demand at home.Sales overseas grew 35 per cent to 130,000 vehicles, revers ...
2 days ago
Tesla sales rebound continues in several European markets in April
LONDON, May 1 : Registrations of Tesla cars continued to rebound in France, Denmark and the Netherlands in April, but fast-moving Chinese rivals such as BYD kept chipping away at the U.S. electric vehicle maker's market share. Tesla's sales have recovered strongly in Europe this year after ...
2 days ago
Roblox shares tumble as forecast cut signals safety measures weighing on user growth
May 1 : Roblox shares on Friday plunged to their lowest levels in 18 months after the company cut its annual bookings forecast, raising concerns that new safety measures could suppress user growth for several quarters.The videogame platform warned of "continued short-term friction" from ne ...
2 days ago
Roblox shares plunge as forecast cut signals safety measures weighing on user growth
May 1 : Roblox shares plunged 24 per cent in premarket trading on Friday after the company lowered its annual bookings forecast, raising concerns that new safety measures could weigh on user growth for several quarters.The videogame platform warned of "continued short-term friction" from n ...
2 days ago
Nio delivers 29,356 vehicles in April, up 22.8% on year
Tessa Oh - Chinese EV maker’s April tally dips from March as it crosses 1.1 million cumulative deliveries
2 days ago
Chevron's upstream strength lifts first-quarter earnings past estimate
It reports adjusted earnings of US$1.41 per share, well above the consensus estimate of US$0.95
2 days ago
Apple shares rise on strong quarterly sales in run-up to CEO change
Apple shares jumped 3.6 per cent in early trading on Friday (May 1) after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show of momentum as it prepares to hand over the reins to a new CEO.Its latest iPhone 17 Pr
2 days ago
Underwater robot tracks sperm whale conversations in real time
May 1 : Deep beneath the ocean surface, sperm whales swim through the dark waters, clicking to each other in bursts of sound that can travel for kilometres (miles). Now, scientists say they are beginning to follow those exchanges in real time using an autonomous underwater robot that can track whale ...
2 days ago
Key takeaways from Musk's testimony at OpenAI trial
May 1 : Elon Musk testified for more than seven hours over three days this week at a trial in Oakland, California, over the future of OpenAI, casting his lawsuit against the owner of ChatGPT as a defense of the institution of charitable giving.Musk, the CEO of Tesla and SpaceX as well as the world&# ...
2 days ago
Exclusive-SpaceX spending on Starship tops $15 billion in rush for airline-like rocketry
WASHINGTON, May 1 : SpaceX has spent more than $15 billion developing its next-generation Starship rocket, according to the company’s IPO registration reviewed by Reuters, a sum that dwarfs the cost of its workhorse Falcon rocket as Elon Musk’s space company nears a decade trying to perfect a fu ...
2 days ago
Why golf’s Singapore Open matters more than ever
The sport has often been viewed as exclusive here, but that perception is gradually changing
2 days ago
Japan may have spent $35 billion in yen-buying intervention, BOJ data shows
TOKYO, May 1 : Japan may have spent as much as 5.48 trillion yen ($35 billion) bolstering its embattled currency, central bank data indicated on Friday, following reports that Tokyo intervened on Thursday to arrest a sharp selloff in the yen.The Bank of Japan's projection for money market condi ...
2 days ago
Reddit rallies as AI‑driven ad growth fuels strong revenue outlook
May 1 : Reddit shares jumped 16 per cent in premarket trading on Friday after an upbeat quarterly revenue forecast underscored growing returns from the social media company's AI-driven advertising tools.The company's AI-optimized ad platform helps advertisers place targeted ads directly wi ...