1 day ago
US stocks: Wall Street ends down as Nvidia slides and private equity stocks sink
WALL Street ended lower on Thursday, with losses in private equity companies and weakness in Walmart and Apple, while earnings-driven gains in...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Akamai forecasts downbeat quarterly profit, shares fall
Feb 19 : Akamai Technologies forecast first-quarter adjusted profit below Wall Street estimates on Thursday, signaling that the ongoing memory supply squeeze will increase costs, sending its shares down nearly 9 per cent after the bell.The rapid build-out of artificial intelligence infrastructure by ...
1 day ago
NASA chief slams Boeing, agency's failures in botched Starliner astronaut mission
WASHINGTON, Feb 19 : NASA Administrator Jared Isaacman on Thursday ripped into Boeing and agency leadership for their handling of the botched Starliner spacecraft mission that left two astronauts stuck on the International Space Station for nearly a year.The U.S. space agency convened a short-notice ...
1 day ago
NASA chief slams Boeing, agency failures in botched Starliner astronaut mission
WASHINGTON, Feb 19 : NASA administrator Jared Isaacman on Thursday ripped into Boeing and agency leadership for their handling of the botched Starliner spacecraft mission that left two astronauts stuck on the International Space Station for nearly a year.The U.S. space agency convened a short-notice ...
1 day ago
NASA report recalls dysfunction, heated emotions during Boeing's botched Starliner flight
WASHINGTON: NASA on Thursday (Feb 19) released a sweeping report on Boeing's botched Starliner mission that kept two astronauts stuck on the International Space Station for nine months, detailing communication breakdowns and "unprofessional behaviour" as the agency and its longtime co ...
1 day ago
Southern Co raises spending plan by 7% as data center power demand swells
Feb 19 : Southern Co raised its five-year spending plan by roughly 7 per cent on Thursday as the major electric and gas utility in the U.S. South sells more electricity to data centers and industrial manufacturers.U.S. utilities have invested heavily to upgrade electric grids as they face extreme we ...
1 day ago
AMD to backstop $300 million Crusoe loan, The Information reports
Feb 19 : Advanced Micro Devices is set to provide a $300 million loan guarantee for cloud computing startup Crusoe to buy and deploy its AI chips, The Information reported on Thursday, following in the footsteps of rival AI giant Nvidia .AMD backstopped the deal by offering to lease back its own chi ...
1 day ago
Apple TV partners with EverPass Media to bring sports lineup to bars, hotels
Feb 19 : Apple TV has signed a distribution agreement with EverPass Media to bring the streamer's live sports content to businesses such as bars, restaurants, hotels and gyms, the commercial sports content provider said on Thursday.The deal signals Apple's growing push to make its sports p ...
1 day ago
A Sahara desert odyssey yields a major dinosaur discovery
Feb 19 : It was not an easy task for a team of dinosaur-hunting scientists to reach the remote site called Jenguebi in northern Niger deep in the Sahara Desert. It was fitting that the closest locality was named Sirig Taghat, meaning "no water, no goat" in Tamasheq, the local Berber langua ...
1 day ago
Fossils of a new species of huge dinosaur Spinosaurus unearthed in Niger
Feb 19 : At a remote and barren Sahara desert site in Niger, scientists have unearthed fossils of a new species of Spinosaurus, among the biggest of the meat-eating dinosaurs, notable for its large blade-shaped head crest and jaws bearing interlocking teeth for snaring slippery fish.It prowled a for ...
1 day ago
Exclusive-Netflix has ample room to increase its offer in battle for Warner Bros, sources say
Feb 19 : Netflix has ample cash and could increase its offer for HBO Max owner Warner Bros Discovery if rival bidder Paramount Skydance ups its own offer, two people with knowledge of the matter said. The two media giants have been locked in a heated rivalry over Warner Bros and its storied catalog ...
1 day ago
Nippon Steel sees better year ahead for US Steel, no capacity cuts needed, CFO says
TOKYO, Feb 20 : Nippon Steel sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel prices and technology transfer, Chief Financial Officer Takahiko Iwai said.While urgent steps are needed to impr ...
1 day ago
New York Governor Hochul pulls robotaxi expansion proposal
Feb 19 : New York Governor Kathy Hochul has pulled her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday. "Based on conversations with stakeholders, including in the legislature, it was clear that the support was ...
1 day ago
New York Governor Hochul pulls robotaxi pilot expansion proposal
Feb 19 : New York Governor Kathy Hochul has withdrawn her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday. "Based on conversations with stakeholders, including in the legislature, it was clear that the support ...
1 day ago
IHH’s NTK amends Tokyo court claim against Daiichi Sankyo after open offers completed
Felicia Tan - IHH, on Feb 19, announced that its indirect wholly-owned subsidiary, Northern TK Venture (NTK), has filed a petition to the Tokyo District Court on Feb 12 to amend its claim against Daiichi Sankyo. The amendment takes into the consideration the completion of IHH’s open offers for Fortis Healthcare ...
1 day ago
Some US investors pivot to infrastructure amid broader AI selloff
PROVIDENCE, Rhode Island, Feb 19 : As Wall Street's love affair with artificial intelligence heavyweights cools, some investors are pivoting to infrastructure companies they expect to benefit from AI capital spending, a shift that is spawning a slew of new products.After huge gains in recent ...
1 day ago
Trump-themed ETF manager scoops up MAGA fund
PROVIDENCE, Rhode Island, Feb 19 : Yorkville America Equities LLC, the investment adviser that manages five new Truth Social-branded ETFs focused on U.S. President Donald Trump's "America First" thesis, said on Thursday that it plans to acquire the Point Bridge America First ETF.The p ...
1 day ago
Chip startup Taalas raises $169 million to help build AI chips to take on Nvidia
SAN FRANCISCO, Feb 19 : Toronto-based chip startup Taalas said on Thursday it had raised $169 million and has developed a chip capable of running artificial intelligence applications faster and more cheaply than conventional approaches.Taalas has raised a total of $219 million from investors such as ...
1 day ago
GHY to report net profit for FY2025
Felicia Tan - GHY Culture & Media says it expects to report a net profit for the FY2025 ended Dec 31, 2025, mainly due to higher revenue contribution and better margins from the group’s TV programme and film production segment. The group adds that its continued focus on managing costs has yielded “encoura ...
1 day ago
NeraTel lands $2.4 mil contract, expects boost to FY performance
Felicia Tan - Nera Telecommunications (NeraTel) has secured a three-year contract worth $2.4 million from an “established institutional asset management group”. The contract is expected to contribute positively to the group’s performance for the current financial year (FY). Under the contract, NeraTel will ...
1 day ago
Visa strikes deal for Prisma, Newpay to boost Argentina presence
Feb 19 : Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina.The deal will help Visa fast-track the adoption of technologies such as tokenization, biometric authentication and intelligen ...
1 day ago
Visa to buy payment firms Prisma, Newpay to deepen Argentina footprint
Feb 19 : Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina.The deal links Visa's global payments network with a scaled local platform, giving the company a stronger footing to bol ...
1 day ago
West Virginia sues Apple over iCloud's alleged role in distribution of child sex abuse material
Feb 19 : West Virginia's attorney general filed a lawsuit on Thursday accusing Apple of allowing its iCloud service to become what the company's internal communications described as the "greatest platform for distributing child porn."Attorney General JB McCuskey, a Republican, ac ...
1 day ago
West Virginia sues Apple, saying iCloud distributed 'child porn'
Feb 19 : West Virginia's attorney general sued Apple on Thursday, accusing the iPhone maker of allowing its iCloud service to become what the company's own internal communications called the "greatest platform for distributing child porn."Attorney General JB McCuskey, a Republica ...
1 day ago
US state sues Apple over child sex abuse images in iCloud
"Preserving the privacy of child predators is absolutely inexcusable," said the attorney who filed the suit as the state of West Virginia sued Apple for allegedly allowing child sex abuse material to be stored via its iCloud service.
1 day ago
Wall St opens lower after recent gains as tech stocks slip
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Feb 19), following a three-day winning streak for the S&P 500, as...
1 day ago
SIA Engineering Co reports 3QFY2026 net profit of $41.9 mil; 9MFY2026 net profit of $125.2 mil
Felicia Tan - SIA Engineering Co (SIAEC) has reported a net profit of $41.9 million for the 3QFY2026 ended Dec 31, 2025, $3.7 million or 9.7% higher y-o-y, bringing its net profit for the 9MFY2026 to $125.2 million, 17% higher y-o-y. Basic earnings per share (EPS) for the quarter stood at 3.72 cents, bringing SIA ...
1 day ago
Germany's DB Cargo plans 6,000 job cuts in bid to return to profit
DB Cargo is the market leader, but its competitors are catching up with a combined market share of around 60%
1 day ago
One Raffles Place expected to be put on the market at S$2.3 billion to S$2.4 billion
Kalpana Rashiwala - All owners of the office and retail asset, above Raffles Place MRT station, are coming together for a potential sale
1 day ago
Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates
MILAN, Feb 19 : Introducing the digital euro could cost European banks between 4 billion and 6 billion euros ($4.7-$7.1 billion) spread over four years, a senior European Central Bank policymaker said on Thursday.ECB Governing Council member Piero Cipollone also said the new digital‑only central b ...
1 day ago
Wall St dips on mixed economic data, US-Iran tensions boost crude, gold
NEW YORK, Feb 19 : U.S. stocks softened on Thursday following mixed economic data and Walmart's disappointing coming-year forecast, while signs of a sturdy labor market helped the dollar extend its upward climb. All three major U.S. stock indexes followed their European counterparts modestly l ...
1 day ago
Global stocks slip with earnings and US-Iran tensions in focus
LONDON, Feb 19 : U.S. futures and European stocks fell on Thursday as investors zeroed in on company earnings while tensions between the United States and Iran kept markets on edge and supported oil prices and gold. Europe's STOXX 600 index dropped 0.6 per cent as shares in planemaker Airbus an ...
1 day ago
Wall St ends lower on mixed economic data, US-Iran tensions boost crude
NEW YORK, Feb 19 : U.S. stocks moved modestly lower on Thursday following mixed economic data and Walmart's disappointing forecast for the coming year, while signs of a sturdy labor market helped the dollar extend its upward climb. All three major U.S. stock indexes followed their European cou ...
1 day ago
Wall St dips on mixed economic data, US-Iran tensions boost crude
NEW YORK, Feb 19 : U.S. stocks moved modestly lower on Thursday following mixed economic data and Walmart's disappointing coming-year forecast, while signs of a sturdy labor market helped the dollar extend its upward climb. All three major U.S. stock indexes followed their European counterpart ...