11 hours ago
US stocks: Wall Street indexes fall on worries about Middle East war, interest rates
WALL Street indexes lost ground in Tuesday’s volatile session as investors swayed between fears of rising oil prices and hopes for a...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
11 hours ago
Baltimore sues Elon Musk's xAI over Grok sexual 'deepfakes'
March 24 : The city of Baltimore sued Elon Musk’s xAI on Tuesday, claiming its Grok chatbot illegally generates nonconsensual sexually explicit images, including of children.Baltimore, with a population of about 568,000, is the largest city to sue xAI over "deepfakes" attributed to Grok, ...
11 hours ago
Singapore will stick to rules-based trade principles, even if unfavourable in short term: DPM Gan
Tessa Oh - He says negotiations with the US to secure a better trade deal are ongoing
11 hours ago
Don’t ditch long-term internationalisation strategy amid global uncertainty, DPM Gan urges Singapore firms
Tessa Oh - He is speaking ahead of a trip to Germany, where he will meet business associations and companies
12 hours ago
Meta ordered to pay $375 million in New Mexico trial over child exploitation, user safety claims
March 24 : A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms.The jury f ...
12 hours ago
Jury orders Meta to pay $375 million in New Mexico lawsuit over child sexual exploitation, user safety
March 24 : A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms.The jury f ...
12 hours ago
Meta ordered to pay US$375 million over child safety violations in landmark trial
A New Mexico jury determined Tuesday (Mar 24) that Meta knowingly harmed children’s mental health and concealed what it knew about child sexual exploitation on its social media platforms, a verdict that signals a changing tide against tech companies and the government's willingness to crack d ...
12 hours ago
GameStop posts 14% fall in quarterly revenue amid digital gaming shift
March 24 : GameStop reported a 14 per cent drop in fourth-quarter revenue on Tuesday, a sign that its struggling brick-and-mortar business continues to face immense pressure from the video game industry's shift to digital downloads and weaker consumer demand. Grapevine, Texas-based GameStop has ...
13 hours ago
OpenAI set to discontinue Sora video platform
March 24 : OpenAI is discontinuing its video generation tool Sora, according to a post on social media site X on Tuesday.Sora, launched as a standalone app in September 2025, lets users create and share AI videos that can be spun from copyrighted content and shared to social media-like streams.
14 hours ago
Arm unveils new AI chip, expects it to add billions in annual revenue
SAN FRANCISCO, March 24 : Arm Holdings announced a new artificial intelligence data center chip on Tuesday which it said will add billions of dollars of revenue and represent a significant shift in the company's strategy.The new chip, called the AGI CPU, will address data-crunching needed for a ...
14 hours ago
Oil, stock trading spiked before Trump's Iran remarks: Media
“What stands out here isn't just the size of the trades, but the timing,” said Stephen Innes, analyst at SPI Asset Management.
16 hours ago
Epic Games to cut more than 1,000 jobs as Fortnite usage falls
Chief Executive Tim Sweeney said the layoffs at Epic Games are due to declining engagement with Fortnite and are not related to AI.
16 hours ago
EU antitrust chief meets Google, Meta, OpenAI, Amazon CEOs amidst AI scrutiny
BRUSSELS, March 24 : EU antitrust chief Teresa Ribera, who has voiced concerns about Big Tech extending its dominance into artificial intelligence, will meet the CEOs of Alphabet, Meta Platforms and OpenAI on Tuesday, a European Commission agenda item shows.The first-time meetings with Sundar Pichai ...
17 hours ago
Microsoft to rent Texas data center dropped by Oracle and OpenAI, Bloomberg News reports
March 24 : Microsoft has agreed to rent a data center project in Texas that was originally being developed for Oracle and OpenAI, Bloomberg News reported on Tuesday, citing people familiar with the situation.The Abilene site, which accounts for roughly 700 megawatts of capacity, sits next to Oracle ...
17 hours ago
Fortnite maker Epic Games cuts about 1,000 jobs across company
The company will offer at least four months of severance to affected employees
17 hours ago
Mouse study shows repeated cloning causes grave genetic mutations
March 24 : Revealing the limitations of cloning, researchers who repeatedly cloned mice for two decades have discovered that such serial duplication triggers grave genetic mutations that accumulate over the generations and ultimately become fatal.A total of 1,206 cloned laboratory mice were generate ...
17 hours ago
OpenAI's nonprofit arm names leaders, plans to spend at least $1 billion over next year
March 24 : OpenAI on Tuesday announced key leadership appointments for its nonprofit arm and committed to investing at least $1 billion through the division over the next year in AI-related projects following a major restructuring at the ChatGPT-maker.The OpenAI Foundation's spending will focus ...
17 hours ago
OpenAI non-profit names leaders, plans to spend $1 billion this year, Bloomberg News reports
March 24 : OpenAI is making several key hires to lead its non-profit arm and is planning to spend $1 billion in various AI-related investments this year through the non-profit unit, Bloomberg News reported on Tuesday.
17 hours ago
US will roll out pilot surveys to track energy use by data centers
NEW YORK, March 24 : The U.S. Department of Energy's information arm will launch a series of pilot surveys on Wednesday aimed at gauging the energy use of the country's data centers, the administrator of the agency told Reuters.Silicon Valley is pouring hundreds of billions of dollars into ...
17 hours ago
Poland to start work on a digital services tax, deputy PM says
WARSAW, March 24 : Poland's government will start work on a digital services tax bill, Deputy Prime Minister and Digitalisation Minister Krzysztof Gawkowski said on Tuesday, setting up a potential clash with key ally the United States.Many countries, particularly in Europe, have levied taxes on ...
17 hours ago
Iran war starts to hit global economy, business surveys show
FRANKFURT/WASHINGTON, March 24 : The Iran war is already taking a toll on major economies around the world, according to business surveys on Tuesday which showed how a surge in energy prices and rising uncertainty were dampening activity and pushing inflation expectations higher.The initial findings ...
18 hours ago
Microsoft president says building data centres requires trust of US communities
HOUSTON, March 24 : Gaining the approval of local communities has become paramount to building data centers in the U.S., Microsoft President Brad Smith said on Tuesday, as towns across the country increasingly protest the developments.The rapid proliferation of Big Tech data centers is driving up th ...
18 hours ago
Microsoft president says winning trust of US communities is paramount to building data centers
NEW YORK, March 24 : Gaining the approval of local communities has become paramount to building data centers in the U.S., Microsoft President Brad Smith said on Tuesday, as towns across the country increasingly protest the developments."You have to win over the local community and maintain thei ...
18 hours ago
Britain's FCA defends Palantir contract award before lawmakers
LONDON, March 24 : U.S. data analytics firm Palantir, which won a contract to supply AI systems to Britain's Financial Conduct Authority, will not have access to regulatory intelligence, an FCA official said on Tuesday, as the deal came under criticism from lawmakers.Palantir Technologies, co-f ...
18 hours ago
Apple to bring paid ads to maps to US, Canada this summer
SAN FRANCISCO, March 24 : Apple on Tuesday said it plans to introduce paid ads to its maps service in the U.S. and Canada this summer, marking its entry into a business long dominated by Alphabet's Google. Apple Maps, an app that comes bundled on hundreds of millions of iPhones and other device ...
18 hours ago
Aspex demands Delivery Hero CEO exit and audit over 1.5 billion euro legal risk
Shares in the food delivery company have fallen almost 30% in Frankfurt trading this year
18 hours ago
Nasa to spend US$20 billion on moon base, cancel orbiting lunar station
[WASHINGTON] NASA is cancelling plans to deploy a space station in lunar orbit and will instead use its components to construct a...
19 hours ago
Wall St opens lower as Middle East uncertainty tempers rally
[NEW YORK] Wall Street’s main indexes opened lower on Tuesday (Mar 24) as renewed doubts over easing Middle East tensions tempered the...
19 hours ago
NYSE teams up with Securitize to develop tokenized securities platform
March 24 : The New York Stock Exchange, part of Intercontinental Exchange, announced a collaboration on Tuesday with digital asset company Securitize to help create tokenized versions of traditional financial securities.Securitize will serve as the first digital transfer agent eligible to create blo ...
20 hours ago
NASA to cancel orbiting lunar station, build moon base instead
WASHINGTON, March 24 : NASA chief Jared Isaacman on Tuesday said the agency would cancel plans to deploy a space station in lunar orbit and instead use its components to construct a base on the moon's surface, part of an array of changes the new administrator is making to the agency's flag ...
20 hours ago
‘Perfect storm’: Singapore energy traders, lawyers grapple with Iran war fallout
Benicia Tan - Quick judgements are needed to cope with extreme price changes and flurry of client requests
20 hours ago
Zoox to widen US robotaxi footprint with San Francisco, Vegas expansion
March 24 : Zoox, Amazon's self-driving unit, said on Tuesday it will expand its robotaxi service in San Francisco and Las Vegas, and begin testing its purpose-built robotaxis in Austin and Miami, marking its broadest push yet into the U.S. autonomous ride-hailing market.Alphabet's Waymo le ...
20 hours ago
Middle East funds ride China AI euphoria to world-beating IPO gains
Even amid the recent conflict, funds have continued to pursue global deals
20 hours ago
Russia launches low-orbit satellites in bid to one day rival Starlink
MOSCOW, March 24 : Russia said on Tuesday it had launched 16 low-orbit satellites as Moscow seeks to build a rival to Elon Musk's Starlink network.Russia remains far behind Starlink, which since its first launch of operational satellites in 2019 has grown to more than 10,000 satellites in orbit ...