1 day ago
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully
Genevieve Cua - Consumers should educate themselves about the Retirement Sum Scheme and CPF Life, and view how these fit into their retirement plan
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Rising land bids push new condo prices into focus – will S$3,000 psf be a new normal?
Ry-Anne Lim - Strong take-up at new launches fuels developer confidence, but higher land costs will test buyer demand
1 day ago
Lebanon announces partial ceasefire between Israel, Hizbollah but attacks continue
No US president has ever spoken with the militia, with or without intermediaries
1 day ago
Lebanon announces partial ceasefire between Israel, Hezbollah but attacks continue
No US president has ever spoken with the militia, with or without intermediaries
1 day ago
Interactive Brokers offers use of Claude AI to investors
Lin Daoyi - Investors may now use agentic artificial intelligence (AI) to trade stocks and manage their portfolios on Interactive Brokers (IBKR), which has announced direct integration with Claude AI. Through the AI integration, an investor using IBKR can research stocks, analyse performance and generate trade ...
1 day ago
Wall Street ends higher, boosted by tech gains, US-Iran peace hopes
The intensification of hostilities sent crude prices jumping, along with worries over the extent to which a protracted war could accelerate inflation
1 day ago
European shares hit one-week low as Middle East risks deepen
The luxury sector is down more than 18% this year
1 day ago
DriveNets secures $410 million in latest funding round, AMD joins as investor
June 1 : DriveNets, an Israeli networking software firm, said it has raised $410 million in its latest funding round led by Bessemer Venture Partners and Atreides Management, taking its total capital-raise so far to $1 billion.New investors AMD and Red Dot Capital joined the round, while existing in ...
1 day ago
Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
June 1 : Alphabet is looking to raise $80 billion in equity offerings, including via an investment deal with Berkshire Hathaway, the Google parent said on Monday, in its aggressive push to fund a costly expansion of its AI infrastructure. The deal also brings in Warren Buffett's diversified hol ...
1 day ago
Instant View: Anthropic IPO filing ratifies Wall Street's AI obsession
NEW YORK, June 1 : AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up a watershed moment for Wall Street's AI frenzy. Tech stocks continue to lead the Nasdaq Composite and S&P 500 in a record-breaking market rally, while Elon Musk ...
1 day ago
HPE lifts forecast past 2028 goals on robust AI demand, shares surge 36%
June 1 : Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 36 per cent in extended trading.HPE, which competes with Dell and Super Micr ...
1 day ago
HPE fast forwards to 2028 goals on robust AI demand, shares surge 36%
June 1 : Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 36 per cent in extended trading.HPE, which competes with Dell and Super Micr ...
1 day ago
HPE expects to achieve 2028 financial targets this year after record quarter on AI boom
June 1 : Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 36 per cent in extended trading.HPE, which competes with Dell and Super Micr ...
1 day ago
Sen. Warren calls for Trump to close "loophole" allowing AI chips to be sent to overseas units of Chinese firms
WASHINGTON, June 1 : Democratic Senator Elizabeth Warren is calling on the Trump administration to close a "loophole" that has potentially allowed advanced American AI chips to be sent to overseas units of Chinese firms, according to a statement seen by Reuters. Warren, who serves as ranki ...
1 day ago
AI-driven labor displacement risks to remain low in near term, Bridgewater says
June 1 : Risks of widespread job losses from AI are expected to remain limited this year, according to Bridgewater Associates, with constraints on computing capacity and a resilient economy blunting the technology's near-term impact on employment.Here are more details from the research report: ...
1 day ago
Seagate reaches US$175 million settlement of shareholder claims it concealed sales to China's Huawei
Seagate Technology reached a US$175 million settlement of a lawsuit claiming it defrauded shareholders by concealing it violated US export control laws by selling more than US$1.1 billion of hard disk drives to China's Huawei Technologies.A preliminary settlement of the proposed class action ag ...
1 day ago
Florida becomes first state to sue OpenAI over child safety risks
June 1 : Florida sued OpenAI and its CEO Sam Altman on Monday, accusing the company of misrepresenting the safety of its ChatGPT platform, which the lawsuit said has harmed children by providing information to school shooters, offering guidance on self-harm and addicting young users.Marking the firs ...
1 day ago
Anthropic moves toward IPO, stepping up race with OpenAI
June 1 : AI giant Anthropic has confidentially filed for a U.S. initial public offering, the company said on Monday, edging ahead of rival OpenAI in a closely watched race to reach public markets.The move sets up an early test of whether investor appetite for artificial intelligence, which has fuele ...
1 day ago
Anthropic confidentially files for US IPO, beating OpenAI
June 1 : AI giant Anthropic has confidentially filed for a U.S. initial public offering, the company said on Monday, taking an early lead over rival OpenAI in a race that will define the future business shape of artificial intelligence. The move sets up a high-stakes test of whether investor appetit ...
1 day ago
AI giant Anthropic confidentially files for US IPO as investors bet big on AI future
June 1 : AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up what could become the watershed moment for Wall Street's AI frenzy.The move sets up a high-stakes test of whether investor appetite for the AI revolution that has reshaped white- ...
2 days ago
Stocks steady at record highs as AI optimism trumps Iran tensions
NEW YORK: Global stocks clung to record highs on Monday (Jun 1) as strong corporate results, fueled in part by artificial intelligence optimism, outweighed
2 days ago
Stocks hold near record highs as AI optimism trumps Iran tensions
NEW YORK: Wall Street stocks posted modest gains on Monday (Jun 1) as investors watched developments in US-Iran peace negotiations and cheered the unveiling of a new computer
2 days ago
Nvidia to work with US, European humanoid robot makers in addition to China's Unitree
SAN FRANCISCO: Nvidia plans to work with humanoid robot makers in the US, Europe and South Korea in addition to China's Unitree to build robots for researchers, according to the AI chip company's executives.After CEO Jensen Huang's keynote address in Taiwan on Monday ahe
2 days ago
Oil closes up more than 4% on halt in US-Iran talks, risk of blockades
Tensions in the region have escalated in recent days
2 days ago
Oil soars after report says Iran is set to halt messages with US
Brent climbs as high as US$96.10 a barrel, while West Texas Intermediate is above US$92
2 days ago
Oil prices slip after Trump says talks with Iran to end war are ongoing
Trump told ABC News that he expected a deal to extend the ceasefire and reopen Hormuz “over the next week”
2 days ago
Oil steadies as uncertainty over US-Iran talks keeps markets on edge
Tensions in the region have escalated in recent days
2 days ago
Fintech Wise's shares fall on Belgian money-laundering investigation
PARIS, June 1 : Money transfer company Wise's London-listed shares fell by more than 10 per cent on Monday on news that the Brussels Public Prosecutor's Office is investigating its European entity in cases the prosecutor said reportedly involve more than half a billion euros ($582.5 millio ...
2 days ago
EU has had productive meetings with Anthropic over possible future access to Mythos
BRUSSELS, June 1 : The European Commission has had several productive meetings with Anthropic regarding possible future access for EU bodies to Anthropic's Mythos AI product, it said on Monday.• The EU was responding after Bloomberg News reported earlier that Anthropic was set to give the EU& ...
2 days ago
Wall Street opens near record highs as AI optimism counters US-Iran war worries
[NEW YORK] Wall Street’s main indices opened near record highs on Monday (Jun 1) as investors weighed Nvidia’s latest artificial intelligence push...
2 days ago
Salt Investments widens loss on impairment but flags operational improvements
The Edge Singapore - Salt Investments has reported revenue of $14.69 million for the year ended March, an increase of 589% y-o-y, due to contributions from newly acquired businesses. Prior to the acquisitions of lubricant distributor TT Oil and Prosper Excel Engineering, the company had barely any functioning business a ...
2 days ago
Norway recovers porcelain, chandeliers from 18th century shipwreck
OSLO, June 1 : Archaeologists have recovered a trove of Chinese porcelain and European-made goods from a recently discovered 18th-century shipwreck off the coast of Norway, government and museum officials said on Monday.Among the goods found in the remains of the unnamed sailing ship were tightly st ...
2 days ago
Honeywell's Quantinuum eyes $14.3 billion valuation in upsized US IPO
June 1 : Honeywell's Quantinuum is targeting a valuation of up to $14.3 billion in its upsized U.S. initial public offering, underscoring robust investor appetite around quantum computing.The Broomfield, Colorado-based company is now seeking up to $1.46 billion by marketing 26.5 million shares ...
2 days ago
Thomson Medical Group names Cassandra Loh as acting CEO for its Singapore operations
Kalpana Rashiwala - She will take over from Lee Suen Ming, who will be leaving to ‘pursue personal interests’