Lyft's weak adjusted core profit forecast, surprise 2025 loss send shares tumbling
Feb 10 : Lyft forecast first-quarter adjusted core profit below expectations on Tuesday, hit by severe U.S. winter weather, seasonal cost pressures, and posted a surprise operating loss for 2025, sending its shares down 15 per cent in after-hours trading.The forecast marks a setback for the ride-hai ...
Lyft's storm-hit outlook, 2025 surprise operating loss send shares tumbling
Feb 10 : Lyft forecast first-quarter adjusted core profit below expectations on Tuesday as severe U.S. winter storms weigh on demand, and reported a surprise operating loss for 2025, sending shares down 14 per cent after hours.The results are a setback for Lyft's comeback narrative, capping a y ...
Blackstone boosts stake in AI startup Anthropic to about $1 billion, source says
Feb 10 : Blackstone is increasing its investment in the Claude chatbot maker Anthropic, raising its stake to about $1 billion at a valuation of roughly $350 billion, a person familiar with the matter told Reuters on Tuesday.AI startups continue to attract heavy funding from global investors, driven ...
Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
Feb 10 : Stellantis NV is looking to exit its U.S. battery joint venture with South Korea's Samsung SDI Co. as the automaker scales back its electric-vehicle ambitions, Bloomberg News reported on Tuesday, citing people familiar with the matter.Reuters could not immediately verify the report. St ...
Brazil's Agibank slashes US IPO size by over 50%, slices price range
Feb 10 : Brazilian fintech Agibank has downsized its U.S. initial public offering by more than 50 per cent and slashed the proposed price range, according to a regulatory filing on Tuesday.The Sao Paulo-based company now plans to sell 20 million shares between $12 and $13 apiece. It had earlier offe ...
Big Tech may have to do more to combat cyberbullying, EU says
BRUSSELS, Feb 10 : Online platforms may have to do more to fight cyberbullying, the European Commission said on Tuesday as it announced a slew of measures to tackle a problem that affects one in six children and sparked mounting concerns about their mental health.The European Union anti-cyberbullyin ...
Telegram's Durov reaffirms commitment to privacy amid new Russian curbs
MOSCOW, Feb 10 : Telegram founder Pavel Durov said on Tuesday that Telegram remains committed to protecting freedom of speech and user privacy "no matter the pressure".His comments came after Russia's state communications watchdog said that Telegram, an important platform for public a ...
Israel's FINQ launches US ETFs managed solely by AI
TEL AVIV/PROVIDENCE, Rhode Island, Feb 10 : Israel fund manager FINQ said on Tuesday it was entering the U.S. Exchange-Traded Funds market with two funds that will be solely managed by artificial intelligence, a nascent sub-sector where so far AI has only been used as a supporting tool. Portfolio de ...
Stocks mixed but world index hits record high; Treasury yields fall
NEW YORK, Feb 10 : Major stock indexes were mixed on Tuesday, with a world equity index and the Dow hitting record highs although other key U.S. indexes weakened, while Treasury yields fell after U.S. data suggested the economy may be softening.The yen was up again in the wake of Japanese Prime Mini ...
Stocks mixed but world index hits record high; Treasury yields ease
NEW YORK, Feb 10 : Major stock indexes were mixed on Tuesday, with a world equity index and the Dow Jones industrial average hitting record highs although other key U.S. indexes weakened, while Treasury yields fell after U.S. data suggested the economy may be softening.The Commerce Department said r ...
Stocks hit record highs; Treasury yields fall after US data
NEW YORK/LONDON, Feb 10 : Major stock indexes mostly rose on Tuesday, with a world equity index and the Dow Jones industrial average hitting record highs, while Treasury yields fell after U.S. data suggested the economy may be softening.The Commerce Department said retail sales were unchanged in Dec ...
AI disruption fears create buying chance in US software stocks, strategists say
NEW YORK, Feb 10 : The severity of the pullback in software stocks in recent days, driven by fears of advances in artificial intelligence disrupting the industry, has created opportunities for investors to position for a rebound in higher-quality stocks, strategists at JP Morgan said."The marke ...
Tesla names Europe executive to head global sales, Bloomberg News reports
Feb 10 : Tesla has named its head of European operations, Joe Ward, to oversee the company's sales globally, Bloomberg News reported on Tuesday, citing people familiar with the matter.The move follows the departure of Tesla's head of North American sales, Raj Jegannathan, marking the lates ...
Britain's financial regulator seeks to block crypto exchange HTX from UK social media
LONDON, Feb 10 - Britain's Financial Conduct Authority said on Tuesday it had asked social media companies and app stores to block access to crypto exchange HTX in the UK, stepping up efforts to prevent the group from promoting "illegal" crypto asset services.The regulator, which file ...
Kenya's Safaricom starts offering stock trading on its M-Pesa platform
NAIROBI, Feb 10 : Kenyan telecoms operator Safaricom on Tuesday launched stock trading for investors on its M-Pesa mobile phone financial platform, a move that could bring millions of new small investors into the bourse.M-Pesa was one of the global pioneers of mobile-phone-based money transfer servi ...
Dollar weakens after dour US economic data, yen continues winning streak
NEW YORK, Feb 10 : The U.S. dollar weakened against major currencies on Tuesday following data indicating slower growth in the U.S. economy, while the yen strengthened and was poised for a second straight session of gains after Prime Minister Sanae Takaichi’s election victory.U.S. Commerce Departm ...
Dollar trades lower against peers after weak data; yen continues winning streak
NEW YORK, Feb 10 : The U.S. dollar traded mostly lower against major currencies on Tuesday following data indicating slower growth in the American economy, while the yen strengthened and was poised for a second straight session of gains after Prime Minister Sanae Takaichi’s election victory.U.S. C ...
Tesla files complaint against union member for secretly recording works council meeting, memo shows
FRANKFURT, Feb 10 : Tesla has filed a criminal complaint against a member of the German IG Metall trade union for secretly recording a works council meeting that took place at its German plant on Tuesday, according a memo to staff seen by Reuters.Tesla confirmed the contents of the memo.An IG Metall ...
EU Parliament backs digital euro, aligns with Council on online‑ and offline‑ready currency
MILAN, Feb 10 : The European Parliament gave its first major backing to the digital euro on Tuesday, endorsing the European Council's negotiating stance for a central bank digital currency with both online and offline functionality.The endorsement matters because the European Central Bank needs ...
Instant View: Paramount adds sweeteners to Warner Bros bid
Feb 10 : Paramount Skydance has enhanced its Warner Bros Discovery bid by offering extra cash for each quarter the deal fails to close beyond this year and agreeing to cover the breakup fee the HBO owner would owe Netflix if it walked away.Here's what analysts and market experts are saying abou ...
Microsoft exploring using advanced power lines to make data centers more energy-efficient
Feb 10 - Microsoft is exploring using superconducting power lines in its data centers, which could potentially accelerate its massive U.S. build-out of the server warehouses by making them more energy-efficient, the company said on Tuesday.Big Tech's effort to swiftly build and electrify giant ...
US won't impede American companies' access to Nvidia chips, Lutnick says
WASHINGTON, Feb 10 : The Trump administration won't hamper American companies' access to advanced artificial intelligence chips designed by Nvidia, Commerce Secretary Howard Lutnick said on Tuesday. "We agree that demand by American firms is vast for these chips, and we don't wa ...
Google secures EU antitrust approval for $32 billion Wiz acquisition
BRUSSELS, Feb 10 : Alphabet's Google gained unconditional EU antitrust approval on Tuesday for its $32 billion acquisition of cybersecurity company Wiz, its biggest ever deal, after regulators said the deal would not raise any competition concerns.The deal, announced in March last year, would b ...
Canadian fossil reveals one of the first plant-eating animals
Feb 10 : Scientists have unearthed in Canada's province of Nova Scotia the skull of a creature dating to about 307 million years ago that is one of the oldest-known plant-eating land vertebrates, representing a pivotal juncture in animal evolution.The creature, named Tyrannoroter heberti, posse ...
AI‑led software selloff may pose risk for $1.5 trillion US credit market, says Morgan Stanley
Feb 10 : Concerns that artificial intelligence could disrupt large parts of the software industry have started to spill into credit markets, Morgan Stanley warned, as software accounts for about 16 per cent, or $235 billion, of the $1.5 trillion U.S. loan market.WHY IT'S IMPORTANTFinancial mark ...
Retail inflows into software stocks hit record despite AI-disruption worries
Feb 10 : Retail investors snapped up software and tech stocks following last week's heavy selloff, largely brushing aside worries that advances in artificial-intelligence models could upend parts of the industry.Net inflows into BlackRock's iShares Expanded Tech-Software Sector exchange-tr ...
CDLHT prices S$100 million perpetual securities at 4%
Chong Xin Wei - DBS, OCBC and UOB have been appointed as joint lead managers for the issuance
Wall St ticks higher as investors await economic data
[NEW YORK] Wall Street’s main indexes opened higher on Tuesday (Feb 10) after a sharp rally in the previous session as tech...
Centurion Accommodation Reit gets in-principle approval for Westlite Ubi dorm expansion
Chong Xin Wei - The proposed works should start by Q2, and will be completed in about 1.5 years
Paramount sweetens Warner Bros bid with offer to pay Netflix break-up cost, other fees
Feb 10 : Paramount Skydance has enhanced its Warner Bros Discovery bid by offering shareholders extra cash for each quarter the deal fails to close after this year and agreeing to cover the breakup fee the HBO owner would owe Netflix if it walked away.Even though Paramount did not raise its per-shar ...
Paramount sweetens Warner Bros bid with ticking fee, Netflix break-up fee cover
Feb 10 : Paramount Skydance has enhanced its Warner Bros Discovery bid by offering extra cash for each quarter the deal fails to close after this year and agreed to cover the breakup fee the HBO owner would owe Netflix if it walked away.Even though Paramount did not raise its per-share offer, the sw ...
Paramount sweetens Warner Bros bid with extra cash, Netflix break-up fee cover
Feb 10 : Paramount Skydance has enhanced its $30-per-share bid for Warner Bros Discovery by offering extra cash for each quarter the deal fails to close and agreeing to cover the breakup fee the HBO owner would owe Netflix if it walked away from their deal.The 25-cent per share "ticking fee&quo ...
Centurion Accommodation REIT to expand Westlite Ubi's capacity by a third
The Edge Singapore - Centurion Accommodation REIT has received provisional permission to develop an additional 6-storey block and to alter the existing 8-storey block in Westlite Ubi. Upon completion, the number of beds at this property will increase by 540 beds, or around a third, to 2,190 beds. The REIT would need to ...
Spotify sets user growth record due to ‘Wrapped’ promotion
It also credits the launch of an enhanced free tier around the world
