14 hours ago
Payments processor Stripe expresses interest in PayPal
Stripe has become one of the industry’s most coveted players
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
Top Chinese chipmakers plan to boost advanced chip output, Nikkei reports
China is aiming to increase its output of relatively advanced chips
14 hours ago
US weighs requiring banks collect citizenship data: reports
Citizenship documents are not currently necessary to open a bank account in America
14 hours ago
HP warns US trade regulations, memory chip costs to weigh on annual forecasts
The company’s adjusted profit per share of 81 cents for the quarter ended Jan 31 beat estimates
15 hours ago
Oil prices ease as Iran says prepared to take steps to reach deal with US
[NEW YORK] Oil prices closed down 1 per cent on Tuesday after Iran said it was prepared to take any necessary steps to...
15 hours ago
European shares close higher but trade uncertainty lingers
EUROPEAN shares rose against a backdrop of broader market gains on Tuesday, tracking increased risk appetite on Wall Street, although investors awaited clarity...
15 hours ago
US stocks: Wall Street bounces back, ending higher on renewed tech vigor, easing AI concerns
[NEW YORK] Wall Street closed higher on Tuesday, with tech stocks leading the charge as renewed enthusiasm for artificial intelligence offset concerns over potential...
15 hours ago
Thomson Reuters shares rally after CoCounsel AI tool draws 1 million users
Feb 24 : Thomson Reuters shares jumped more than 11 per cent on Tuesday after the technology and content firm said its artificial intelligence-powered assistant for businesses, CoCounsel, has drawn one million users, easing fears of disruption by competing AI tools.The stock posted its biggest perce ...
15 hours ago
GoDaddy forecasts annual revenue below estimates, shares fall
Feb 24 : GoDaddy forecast annual revenue below Wall Street estimates on Tuesday, a sign of slower adoption of its artificial‑intelligence tools and weaker customer acquisition.Shares of the company fell more than 6 per cent in extended trading.The domain registrar has invested heavily in AI tools ...
15 hours ago
Two Fed officials don't see major upheavel from artificial intelligence
Feb 24 : Two Federal Reserve officials on Tuesday said they do not expect artificial intelligence technology to drive a massive upheaval in the economy.“I am, I would say a cautious optimist in this space,” Federal Reserve Bank of Boston President Susan Collins said at a conference held by her b ...
15 hours ago
HP reckons memory chip crunch will linger next year, warns of PC sales slump
Feb 24 : HP Inc said on Tuesday it expected volatility in memory chips to persist even into next year and forecast a slump in its PC shipments, sending its shares down around 6 per cent in extended trading.The personal devices maker said it expects adjusted profit for fiscal 2026 ending October 31 t ...
15 hours ago
Workday forecasts 2027 subscription revenue below estimates, shares fall
Feb 24 : Workday on Tuesday forecast fiscal 2027 subscription revenue below Wall Street estimates, signaling slower new client wins as corporations cut technology spending amid economic uncertainty.Shares of the company fell 7 per cent in extended trading.Despite its push into AI, the enterprise sof ...
16 hours ago
Stripe is considering acquisition of all or parts of PayPal, Bloomberg News reports
Feb 24 : Payments firm Stripe is considering an acquisition of all or parts of PayPal, Bloomberg News reported on Tuesday, citing people familiar with the matter. Stripe, which is privately held and is among the industry's most valuable companies, has expressed a preliminary interest in a poten ...
16 hours ago
AI chip startup SambaNova raises $350 million in Vista-led round, signs Intel partnership
Feb 24 : SambaNova Systems said on Tuesday it has raised $350 million in a new funding round and struck a partnership with Intel as it seeks to capitalise on surging demand for inference chips used in artificial intelligence applications.Inference chips, which run AI models and power real-time decis ...
16 hours ago
Anthropic digs in heels in dispute with Pentagon, source says
NEW YORK, Feb 24 : Artificial intelligence lab Anthropic has no intention of easing its usage restrictions for military purposes, a person familiar with the matter said on Tuesday, following a meeting to discuss its future with the Pentagon. The meeting between Anthropic CEO Dario Amodei and U.S. De ...
16 hours ago
US judge dismisses xAI trade-secrets lawsuit against rival OpenAI for now
Feb 24 : A federal judge in California on Tuesday dismissed a lawsuit from Elon Musk's artificial intelligence startup xAI that accused rival Sam Altman's OpenAI of stealing its trade secrets.U.S. District Judge Rita Lin in San Francisco said that xAI could refile its case, but for now has ...
16 hours ago
Wynn Resorts says hackers stole employee data
Feb 24 : Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach.Michael Weaver, Wynn's chief communications officer, said in an email Tuesday that the company learned that "an unauthorized third party acquired certain employee data ...
18 hours ago
Hegseth gives Anthropic until Friday to back down on AI safeguards, Axios reports
Feb 24 : U.S. Defense Secretary Pete Hegseth has given artificial intelligence company Anthropic until Friday to back down on safeguards for its products used by the military, Axios reported on Tuesday.Reuters reported exclusively this month that the Pentagon was pushing big AI companies including O ...
18 hours ago
European AI chip startup Axelera raises additional $250 million
AMSTERDAM, Feb 24 : Axelera AI has secured $250 million in a funding round led by Innovation Industries that included BlackRock and SiteGround Capital as new investors, it said on Tuesday, marking one of the largest investments to date in a European AI chipmaking firm.CEO Fabrizio Del Maffeo said in ...
19 hours ago
US sets preliminary duties on solar imports from India, Indonesia and Laos
Feb 24 : The U.S. Commerce Department on Monday announced anti-subsidy countervailing duties on solar cells and panels imported by companies in India, Indonesia and Laos.According to a fact sheet posted on the Commerce Department's website, the agency calculated general subsidy rates of 125.87 ...
19 hours ago
Italy watchdog bans Amazon logistics unit from using staff personal data
MILAN, Feb 24 : Italy's privacy authority said on Tuesday it had banned Amazon Italia Logistica from using personal information of 1,800 workers at its Passo Corese logistics centre, north-east of Rome.Amazon Italia Logistica must also stop processing any data collected through four video-surve ...
20 hours ago
Investors look for signs of bottom in software rout after Anthropic announcement
Feb 24 : Investors were looking anew for signs of a bottom in beleaguered shares of software companies on Tuesday after an announcement that artificial intelligence startup Anthropic was partnering with an array of companies.Software stocks have been pummeled in recent weeks, driven by fears their b ...
20 hours ago
US software stocks climb as Anthropic announcement sparks relief rally
Feb 24 : Shares of U.S. software companies that entered into partnerships with AI startup Anthropic on Tuesday helped lead a rebound in the sector that has been hammered by fears about the disruptive impact of artificial intelligence.Anthropic said it was developing new tools, the so-called "pl ...
20 hours ago
Stocks up, rebounding as Anthropic unveils uses for AI plugins
NEW YORK, Feb 24 : Global shares rose on Tuesday after San Francisco-based startup Anthropic unveiled 10 new ways for business customers to use its AI plugins, which revived enthusiasm that AI would boost profits for businesses including in investment banking, human resources and engineering.The pre ...
20 hours ago
Stocks bounce back amid investor unease about AI, tariffs
NEW YORK, Feb 24 : Global shares rose on Tuesday after losing ground in the prior session amid renewed focus on the economic impact of artificial intelligence and with markets still grappling with the implications of U.S. President Donald Trump's tariff policies.San Francisco-based startup Anth ...
20 hours ago
Tesla must face lawsuit alleging anti-American bias in hiring, US judge rules
Feb 24 : A U.S. judge has refused to dismiss a lawsuit accusing Tesla of discriminating against American citizens in hiring so it can pay less to foreign workers, but said he was skeptical that the software engineer who sued would prevail.U.S. District Judge Vince Chhabria in San Francisco said in a ...
20 hours ago
CAREIT’s inaugural results surpass forecasts; DBS says DPU beat captures sector tailwinds earlier than expected
Felicia Tan - Centurion Accommodation REIT’s (CAREIT) first report card came away with gold stars as the REIT’s metrics outperformed on all fronts. Distribution per unit (DPU) for the period from Aug 12, 2025, the REIT’s date of constitution to Dec 31, 2025, outperformed its initial public offering (IPO) fo ...
21 hours ago
California seeks injunction to stop Amazon's alleged stifling of price competition
Feb 24 : California asked a state judge on Tuesday to stop Amazon.com from inflating prices for consumers through an alleged campaign to bully merchants not to sell goods more cheaply elsewhere.The state's attorney general, Rob Bonta, sought a preliminary injunction in his 3-1/2-year-old antitr ...
21 hours ago
Analysts' comments after Anthropic unveils new plug-ins
Feb 24 : Artificial intelligence lab Anthropic on Tuesday unveiled 10 new ways for business customers to plug in its technology to key areas of their work, weeks after other releases sparked an aggressive selloff of traditional software company shares.The San Francisco-based startup said its plug-in ...
21 hours ago
Delfi, with H2 2025 net profit up 46.3%, proposes dividend of US$0.0172 a share
Benjamin Cher - [SINGAPORE] CHOCOLATE confectionery company Delfi on Tuesday (Feb 24) posted a net profit of US$21 million for the six months ended Dec...
22 hours ago
Google signs AES, Xcel supply deals to meet data-center energy needs
Feb 24 : Alphabet's Google doubled down on efforts to secure power supply for its data centers across the country by entering into separate agreements with U.S. utilities, AES Corp and Xcel Energy, on Tuesday.Big Tech firms have been scouring for new, reliable and cleaner energy sources to powe ...
22 hours ago
Xcel Energy to power new Google data center in Minnesota
Feb 24 : Xcel Energy said on Tuesday it has partnered with Google to power the tech giant's new data center in Pine Island, Minnesota, while contributing 1,900 megawatts of new clean energy to the grid.U.S. power consumption is expected to increase rapidly through this year and the next, driven ...
22 hours ago
AI adoption, S$15.1 billion surplus dominate first day of Budget debate
Elysia Tan - Some MPs call for CDC Vouchers scheme to be refined into a recurring one to better reflect household needs
22 hours ago
Wall St muted after Anthropic announces new AI tools
[NEW YORK] Wall Street’s main indexes were subdued on Tuesday (Feb 24) as investors assessed Anthropic’s announcement of new AI tools, including...