US tech megacaps slide as SpaceX extends slump, AI expense concerns grow
June 22 : Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in market value, driven by AI spending concerns.SpaceX slid over 10 per cent after last week's blistering post ...
Uber board sued over alleged ‘serial’ compliance failures, sexual abuse lawsuits
Its board has been told repeatedly that fewer than 40 per cent of users believe the company takes safety seriously
Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuits
June 22 : Uber Technologies' board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment.In a complaint filed in San Francisco federal ...
Czech government plans to ban mobile phones in schools from 2027
PRAGUE, June 22 : The Czech government has submitted a bill to ban the use of mobile telephones in schools starting from September 2027, Prime Minister Andrej Babis said on Monday, joining a growing global push to limit screen time for children in the classroom.The ban would apply to phones' us ...
Lagarde sees no need for more forceful ECB response to war
Inflation set to return to target over the medium term
US House committee reaches bipartisan deal on social media rules for youth
WASHINGTON, June 22 : U.S. House Energy and Commerce Committee leadership agreed on legislation that would require social media platforms to provide "safeguards and tools" for minors and parents, according to a statement on Monday, a key step in a years-long debate over how to protect chil ...
US House committee reaches bipartisan agreement on social media rules for youth
WASHINGTON, June 22 : The U.S. House Energy and Commerce Committee reached a bipartisan agreement on regulating youth social media use, the committee's leaders said in a statement on Monday, a key step in the debate in Washington over how to hold technology companies accountable for the impact ...
US House committee reaches bipartisan agreement on youth social media rules
WASHINGTON, June 22 : The U.S. House Energy and Commerce Committee reached a bipartisan agreement on regulating youth social media use, the committee's leaders said in a statement on Monday. Republican Committee Chairman Brett Guthrie and top committee Democrat Frank Pallone did not release det ...
X recovers after outage affects thousands globally, Downdetector shows
Elon Musk's X was largely back up after thousands of users reported issues with the social media platform globally on Monday (Jun 22), according to Downdetector.com.The outage began around 9am ET (9pm Singapore time), peaking at over 25,000 issues being reported in the US before cooling to abou ...
Wall St subdued at open as investors weigh US-Iran negotiations
[NEW YORK] Wall Street’s major indexes were muted at open on Monday (Jun 22), with investors taking a breather after returning from...
Meta's WhatsApp to be led by Indian startup founder Kunal Shah
BANGALORE, June 22 - Indian fintech firm CRED's founder Kunal Shah will become Meta-owned WhatsApp's new leader, the messaging app's current head Will Cathcart said on Monday in a post on X. The announcement comes after CRED announced it will raise about $900 million from Meta.
Meta to invest $900 million in India's CRED, taps founder to lead WhatsApp
June 22 : Meta Platforms will invest $900 million in Indian fintech startup CRED, valuing it at $4.5 billion, while tapping CRED's founder Kunal Shah to head WhatsApp globally, the companies said on Monday.India is WhatsApp's largest market, with more than 500 million users, and the platfo ...
Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
June 22 : Indian fintech firm CRED said on Monday it will raise about $900 million from Meta Platforms at a post-money valuation of $4.5 billion, as it seeks to accelerate growth and prepare for an eventual stock market listing.
SpaceX bankers kick off marketing for debut high-grade bond sale
The company is seeking to raise at least US$20 billion
EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits
June 22 : EV maker Lucid Group said on Monday it would cut about 18 per cent of its U.S. workforce and announced COO Marc Winterhoff had left the company, in a major shake-up aimed at boosting profitability amid growing competition.The layoffs will affect Lucid's full-time employees, contractor ...
EV maker Lucid to lay off about 18% of US workforce
June 22 : EV maker Lucid Group said on Monday it will reduce its U.S. workforce by about 18 per cent.
Foundation Healthcare set to list with draft prospectus lodged
The Edge Singapore - Foundation Healthcare Holdings, a Temasek-backed medical group that was incorporated just four years ago, has filed its draft prospectus for a listing on the Singapore Exchange. The company describes itself as an “integrated private healthcare platform that connects medical specialists, healthcare ...
Amazon Prime Day to gauge US consumer strain as focus shifts to basics
Shoppers will spend more on this Prime Day than on Cyber Monday and Black Friday 2025 combined, Adobe predicted
Indonesia unveils 26.34 trillion rupiah stimulus to offset external shocks and rupiah slide
Elisa Valenta - A central feature of the package is trade and industry support through 0% import tariffs on LPG and plastic raw materials
Chevron signs power supply deal with Microsoft for Texas data center
June 22 : Chevron said on Monday it has signed an agreement with Microsoft to develop a co-located facility that would provide natural-gas fired power to the technology giant's data center in West Texas.Technology companies, including Microsoft, are rushing to secure electricity supply for t ...
Singapore shares rise after further US-Iran peace talks; STI closes 0.2% higher
Chloe Lim - Across the broader market, losers beat gainers 306 to 270, after 1.3 billion securities worth S$2 billion change hands
SpaceX turns to bond market to raise capital, reports $100.8 billion cash
June 22 : Elon Musk's SpaceX turned to the bond market for the first time, capitalizing on a post-IPO momentum that has vaulted its cash reserves past $100 billion as the rockets-to-AI group ramps up spending.Monday's notes offering comes mere days after SpaceX's IPO, signaling the co ...
SpaceX launches debt sale to raise capital, reports $100.8 billion in cash
June 22 : Elon Musk's SpaceX launched its first-ever notes offering on Monday and said it had about $100.8 billion in cash and cash equivalents as of June 19, days after its blockbuster U.S. stock market IPO.The rockets-to-AI company debuted on the Nasdaq on June 12 after raising $85.7 billion ...
SpaceX launches notes offering, discloses $100.8 billion cash balance
June 22 : SpaceX said on Monday it launched an offering of senior unsecured notes and disclosed that it held about $100.8 billion in cash and cash equivalents as of June 19.Elon Musk's rockets-to-AI company debuted on the Nasdaq on June 12 after the record-setting $75 billion IPO, making it one ...
China’s gold imports surge to most in more than two years
China has implemented a new import licensing regime for gold from Jun 1
Alan Greenspan dies at 100; led Fed during boom before 2008 bust
Steve Matthews and Scott Lanman / Bloomberg - Alan Greenspan, the Federal Reserve chairman proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down, has died. He was 100. He died on Monday at his home, NBC News reported, citi ...
Alan Greenspan, economist and longtime head of the federal reserve, dies at 100: NBC News
ALAN Greenspan, the influential economist who steered US monetary policy during his five terms as chairman of the Federal Reserve under four presidents,...
Alan Greenspan, economist and long-time head of the US Fed, dies at 100
Greenspan was seen as the maestro who kept the US economy humming
Alan Greenspan, economist and longtime head of the federal reserve, dies at 100
Greenspan was seen as the maestro who kept the US economy humming
Oaktree-backed ITG targets $2.7 billion valuation in US IPO
June 22 : Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining a string of issuers rushing to capitalize on AI-driven demand and benefit from a busy summer IPO window.The post-SpaceX IPO market has remained busy as companies rush to sei ...
Oaktree-backed digital infra firm ITG aims to raise $429 million in US IPO
June 22 : Digital infrastructure firm ITG said on Monday it was aiming to raise as much as $429.3 million in its U.S. initial public offering.The Hendersonville, Tennessee-based company is offering 19.5 million shares priced between $19 and $22 apiece.ITG was bought by investment firm Oaktree Capita ...
Geo Energy doesn’t expect material impact from Jakarta’s plans to centralise commodity exports
Ry-Anne Lim - It is confident its operations and engagement with the government will enable it to adapt to evolving regulations
Singapore Airlines plans debut 5-year dim sum bond
Proceeds will be used for aircraft purchases and related payments
This upstart launched 35 ETFs in a day - and doesn't plan to slow down
PROVIDENCE, RHODE ISLAND, June 22 : It took more than a decade for BlackRock, the world's largest issuer of exchange-traded funds, to launch its first 300 products.Corgi Investments, the venture-capital-based asset manager, plans to repeat that feat in less than a year, the company tells Reuter ...
