2 days ago
JPMorgan posts record profit on big gains from dealmaking, stock trading
Revenue rose across all business units at the bank
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Russia sends American and two cosmonauts to space station with rare NASA chief visit
WASHINGTON, July 14 : Russia sent two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired launchpad with a rare joint attendance by the heads of NASA and Russia's space agency.U.S. astronaut Anil Me ...
2 days ago
Russia launches American and two cosmonauts to space station with rare NASA chief visit
WASHINGTON, July 14 : Russia launched two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired launchpad with a rare joint attendance by the heads of NASA and Russia's space agency.U.S. astronaut Ani ...
2 days ago
Russia launches American and two cosmonauts on space station mission
WASHINGTON, July 14 : Russia launched two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired astronaut launchpad with a rare joint attendance by the heads of NASA and Russia's space agency.U.S. ast ...
2 days ago
Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports
July 14 : Uber Technologies is in advanced talks to acquire German food-delivery company Delivery Hero, Bloomberg News reported on Tuesday, citing people familiar with the matter.The ride-hailing company aims to reach an agreement with Delivery Hero as soon as this week, the report said.A transactio ...
2 days ago
German minister warns against unacceptable delays to 10 billion euro satellite project
BERLIN, July 14 : German Defence Minister Boris Pistorius on Tuesday urged timetable and budget discipline for a planned military satellite project valued at 10 billion euros ($11.45 billion), saying delays were unacceptable given current threats to security."We cannot afford delays in these ti ...
2 days ago
Meta used AI to target workers with medical conditions for layoffs, lawsuit claims
July 14 : Twenty-six former employees of Meta Platforms have filed a lawsuit against the tech company, accusing it of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting people for mass layoffs.The lawsuit, filed in Oakland, Cali ...
2 days ago
Meta used AI to target workers with medical conditions for layoffs, former employees' lawsuit claims
July 14 : Twenty-six former employees of Meta Platforms have filed a lawsuit against the company, accusing it of using AI-powered software that disproportionately targeted people with disabilities, or who took medical leave, in selecting people for mass layoffs.Meta did not immediately respond to a ...
2 days ago
Perpetuals.com ends acquisition talks with Trump-linked crypto firm
BOSTON, July 14 : Perpetuals.com, a global fintech company, has discontinued discussions to potentially acquire part of a business closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, according to a press release issued by Perpetuals on Tuesday.“Perpetual ...
2 days ago
S&P 500 and Nasdaq open higher as CPI, bank earnings take focus
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Tuesday (Jul 14) after softer-than-expected inflation data fuelled bets that the...
2 days ago
iX Biopharma allots close to 2.92 mil new shares following warrant exercise
Teo Zheng Long - iX Biopharma (SGX: 42C ) announced on July 14 that it has allotted and issued 2,915,442 new ordinary shares, following the exercise of warrants, at an exercise price of 6 cents per share. Out of the 2,915,442 new ordinary shares, 1,004,036 new ordinary shares are allotted and issued to Albert Ho Shi ...
2 days ago
AI investment race could turn debt-fuelled boom to bust: BIS
The race to build infrastructure for artificial intelligence is on track to surpass previous technological booms that ended up in severe market...
2 days ago
Trendlines portfolio company ElastiMed inks exclusive US distribution agreement with Nasdaq-listed Tactile Medical
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, ElastiMed Limited, has entered into an exclusive US distribution agreement with Tactile Systems Technology, Inc. (Tactile Medical), which is a Nasdaq-listed medical technology company. Under the agreement, Tactile Me ...
2 days ago
Volare emerges as second largest shareholder of BBR Holdings following various married deals
Teo Zheng Long - Swiss entity, Volare Group AG, has emerged as the second largest shareholder at engineering and construction group, BBR Holdings (SGX: KJ5 ) . In the July 14 filing, Volare has acquired a total of 43 million shares on both July 10 and July 13 at a price of 30 cents per share. The total consideration ...
2 days ago
UK teens report sleep, wellbeing gains under social media restrictions, study shows
LONDON, July 14 : British teenagers who took part in a government-backed trial of social media restrictions reported improvements in sleep, concentration and wellbeing, according to a study published on Tuesday.• A complete ban on social media apps generated the strongest reported gains in focus b ...
2 days ago
Goldman's profit jumps on trading surge, corporate deal spree
Dealmaking picked up pace and market volatility boosted equities business to a record
2 days ago
German media regulator says Google's AI Overviews subject to German media law
BERLIN, July 14 : Germany's media regulator said on Tuesday that Google's AI Overviews and Perplexity AI are subject to the country's media laws, stepping up scrutiny of AI-generated content after a German court found Google liable for inaccurate information produced by the feature. T ...
2 days ago
SLB partners with Liberty Energy to supply modular parts, power to data centers
July 14 : SLB said on Tuesday it has partnered with Liberty Energy to supply modular parts and power to data centers, as the oilfield services firms look to tap surging demand from the AI boom.• Under the deal, SLB said it would design and supply modular and prefabricated components for data cente ...
2 days ago
Oil hits four-week high as US-Iran conflict escalates
Shipping data on Monday also showed the number of tankers transiting the Strait of Hormuz fell in the past day to the lowest level in two months.
2 days ago
Australia to establish government AI office to coordinate regulation
SYDNEY, July 14 : Australia will create an office at the heart of government to manage the development of AI standards, seeking to balance the need to attract investment with effective regulation of the disruptive technology.The "Office of AI" will be established within the Department of t ...
2 days ago
US dollar hovers near 13-month highs ahead of inflation data
Investors are pricing in a higher chance of global interest rates rising this year
2 days ago
Analysis:US state officials fear Paramount-Warner deal will squeeze local movie theaters
July 14 - U.S. states suing to block Paramount’s merger with Warner Bros Discovery argue that the deal could squeeze local movie theaters, which are still struggling to sell as many tickets as they did before the pandemic. “While ticket prices will most likely go up, theaters will be forced to c ...
2 days ago
AI finance startup Flex doubles valuation to about $1.2 billion, source says
July 14 : Flex, an AI startup pitching itself as a one-stop shop for the banking needs of mid-sized business owners, said it raised $70 million in a round led by Halo Fund, a venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney.The company did not disclose its valuati ...
2 days ago
IBM warns AI boom is squeezing software budgets; shares sink in sector rout
July 14 : IBM said it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below estimates, the clearest sign yet of AI's growing toll on the sector.The warning sent IBM's shares down 26 ...
2 days ago
IBM warns AI boom is squeezing software budgets; shares slump in sector rout
July 14 : IBM said it had "faltered" in keeping pace with a shift in corporate spending toward data-center infrastructure from software and forecast second-quarter revenue below estimates, the clearest sign yet of AI's growing toll on the sector.The warning triggered a 22 per cent slu ...
2 days ago
IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AI
July 14 : IBM's preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers, storage and memory purchases, sending its shares slumping 17 per cent in premarket trading. The results reflect an i ...
2 days ago
IBM expects second-quarter revenue below estimates
July 14 : IBM said on Tuesday it expects second-quarter revenue of $17.2 billion, according to preliminary results.Analysts expect the company to report revenue of $17.86 billion, according to data compiled by LSEG. Shares of the company fell 14 per cent in premarket trading.
2 days ago
AI startup Reflection signs over $1 billion computing deal with Nebius
July 14 : AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia's latest chips.The move builds on Reflection's June agreement with SpaceX for computing capacity, a deal that media reports said wo ...
2 days ago
UK's BBC warns its current funding model is not sustainable
LONDON, July 14 : The BBC warned its current funding model was not sustainable to fund its public broadcasting mission in its annual report on Tuesday, highlighting the gap between the number of users it has and those who pay for its services.The organisation, which was thrown into crisis last year ...
2 days ago
MAS surpasses FY2025 emissions reduction targets while fostering a climate resilient financial sector
Lin Daoyi - Singaporeans are well-known for doing well in examinations. If meeting emissions targets is seen in this light, then the Monetary Authority of Singapore (MAS) can be considered to have aced the exam, passing with flying colours. For FY2025 ended March 31, 2026, MAS reduced its Scope 1, 2 and 3 (busi ...
2 days ago
Scepticism towards Trump’s 20% Hormuz fee even as markets react to renewed inflation fears
Shikhar Gupta - The proposed fee is a ‘tax on global trade’, says one analyst
2 days ago
Singapore shares close higher on Tuesday; STI up 0.5%
Across the broader market, gainers trail losers 280 to 291
2 days ago
Tower Semiconductor to invest $3 billion in Japan, backed by government grants
July 14 : Israeli chipmaker Tower Semiconductor said on Tuesday it will invest $3 billion to bolster chip manufacturing in Japan, including $1 billion in grants from the Japanese government.U.S.-listed shares of the company rose more than 18 per cent in premarket trading after the announcement, whic ...
2 days ago
Info-Tech Systems expects 'strong growth' for upcoming 1HFY2026 report card
The Edge Singapore - Info-Tech Systems expects to report "strong growth" in both its underlying earnings and revenue for its 1HFY2026 ended June, versus the year-earlier half year. "The board looks forward to providing shareholders with further details of the group's financial performance and busines ...