3 days ago
Oil tumbles as Trump signals US drawing closer to deal with Iran
A growing number of oil tankers are moving through the Strait of Hormuz, boosting the flow from a trickle to a stream
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
SpaceX IPO makes Elon Musk the world's first trillionaire
June 11 : Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world's first trillionaire. At a time when concerns about inequality are high a ...
3 days ago
Elon Musk's SpaceX IPO: Is it worth the hype?
SpaceX’s IPO, set to be the largest ever, would also propel Musk to become the world’s first trillionaire.
3 days ago
Commentary: As SpaceX, OpenAI and Anthropic plan blockbuster IPOs, will it make them more accountable?
Once publicly listed, the AI labs of SpaceX, Anthropic and Open AI would be subject to public market scrutiny for the first time, says an academic.
3 days ago
Wall Street indexes jump, Trump says strikes against Iran cancelled
The Federal Reserve is widely expected to hold interest rates steady at its policy meeting next week
3 days ago
Musk's SpaceX raises $75 billion in largest IPO ever
June 11 : Elon Musk's SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion.The largest ever IPO cements SpaceX's status as one of the world's most valuabl ...
3 days ago
Musk's SpaceX prices record US$75 billion IPO at US$135 a share
The IPO values the space, satellite and AI provider at US$1.77 trillion, a record for an initial offering.
3 days ago
European shares snap four-day losing streak as investors weigh ECB rate hike
The central bank raises borrowing costs by an expected 25 basis points
3 days ago
Trading Day: Peace beckons ... again
ORLANDO, Florida, June 11 : Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S. President Donald Trump canceled planned strikes on Iran and said a peace deal could be signed as soon as this weekend. In my column today, I look at why the record ...
3 days ago
Google says ShinyHunters hackers targeting education sector via Oracle exploit
June 11 : Alphabet's cybersecurity unit Mandiant and Google Threat Intelligence Group said Thursday they had identified an active compromise and extortion campaign targeting Oracle's PeopleSoft enterprise software, which they attributed to the hacking group ShinyHunters.The campaign took p ...
3 days ago
Marvell names Adobe's Dan Durn as finance chief amid growing AI demand
June 11 : Marvell Technology on Thursday named Adobe's Dan Durn as chief financial officer, succeeding Willem Meintjes, who is stepping down after more than three years in the role.Durn will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an ...
3 days ago
Adobe CFO exit fans strategy worries despite outlook raise
June 11 : Adobe on Thursday announced the exit of CFO Dan Durn, adding to concerns about the Photoshop maker's strategy to navigate the crowded design industry, though the company raised its annual revenue and profit forecasts.Durn's exit comes only three months after long-time CEO Shantan ...
3 days ago
Adobe raises annual forecasts, CFO exit fans uncertainty over growth strategy
June 11 : Adobe raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns about the company's strategy to navigate the crowded design industry.Shares of the Photoshop maker fell 5 per cent in extended trading.Steve Day, senior vice preside ...
3 days ago
Adobe raises annual revenue forecast, CFO to exit
June 11 : Adobe raised its annual revenue forecast on Thursday, signaling increased adoption of its AI tools, and announced the departure of CFO Dan Durn, only three months after the Photoshop maker's CEO said he would step down. Shares of the company fell around 6 per cent in extended trading. ...
3 days ago
States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX
(In first paragraph, corrects number of states challenging indexes to four from five)By Ross KerberJune 11 : Investment leaders from four large states pressed Nasdaq and FTSE Russell for details about recent rule changes favoring SpaceX and other megacap IPOs, and suggested the index providers put t ...
3 days ago
Israeli firm BlackCore suspected of meddling in New York and Scotland votes, France says
PARIS, June 11 : Israeli firm BlackCore, suspected of interfering in France's local elections in March, is also suspected of meddling in elections in New York City and Scotland, and operating in Angola and Togo, France's disinformation detection service, Viginum, said on Thursday.Last mont ...
3 days ago
Clear cut case of no rate cut, no shortcut to lower US debt: Yellen
Lin Daoyi - Former Federal Reserve Chair Janet Yellen does not see the US cutting its purse strings anytime soon as the country continues to issue debt. “There’s no serious discussion of deficit reduction,” she says at the Amundi World Investment Forum held in Paris from June 11-12. Yellen believes that c ...
3 days ago
Scientists unlock the secret behind the Venus flytrap's snap
June 11 : Pity the poor fly that lands on a Venus flytrap. When the insect touches hair-like structures on this remarkable carnivorous plant, its trap snaps shut, dooming the victim to be digested over several days in secreted enzymes. Scientists have now found the physical mechanism behind this sna ...
3 days ago
Anthropic pursues data center leases, seeks financial backing from Google, The Information reports
June 11 - AI firm Anthropic is planning to lease and manage its own data centers and is seeking financial backing from Alphabet's Google for the lease payments, The Information reported on Thursday.Here are some details:• Anthropic, the creator of the Claude Code AI assistant, has signed more ...
3 days ago
Lyft, Uber sue New York City to block driver retention law
NEW YORK, June 11 : Lyft joined Uber Technologies in suing New York City to block a new law they said would force them to keep bad drivers who threaten public and passenger safety on their platforms.The Lyft lawsuit was filed late Wednesday in Manhattan federal court, 24 hours after Uber sued.Both c ...
3 days ago
Danantara COO says new DSI unit will oversee exports
JAKARTA, June 11 : The unit of sovereign wealth fund Danantara Indonesia set up as designated exporter for Indonesia's strategic commodities will oversee deals to prevent fraudulent practices, but will not itself take over exports, a fund executive said on Thursday. • Regulations issued earli ...
3 days ago
Novo Nordisk flags patient data breach from some clinical trials in cyberattack
June 11 : Novo Nordisk said on Thursday it has identified a security incident in which certain information, including patient data from some clinical trials, was copied externally without authorization from its internal IT systems.The company, maker of the blockbuster weight-loss drug Wegovy, said i ...
3 days ago
Novo Nordisk hit by cyber incident, probes data breach
June 11 : Novo Nordisk said on Thursday it has identified a security incident involving unauthorized access to a limited number of internal IT systems.The company said it has launched a probe with the assistance of external cybersecurity experts, and are in contact with the relevant authorities.The ...
3 days ago
Oracle shares slide as hefty AI spending, debt plans spook investors
June 11 : Oracle shares tumbled 12 per cent on Thursday as surging spending and a ballooning debt load fanned investor concerns about the cash burn in the company's push to build out AI infrastructure.If the losses persist, the stock would log its biggest one-day drop since January last year, w ...
3 days ago
WuXi AppTec files complaint against US DoD for linking it to Chinese military
June 11 : WuXi AppTec said on Thursday that it has filed a complaint at the United States District Court for the District of Columbia against the Department of Defense for including the company in a list linked to the Chinese military.
3 days ago
Four developed market central banks are now hiking rates
MILAN/LONDON, June 11 : The developed market rate-hiking club is getting bigger, as the European Central Bank on Thursday joined counterparts in Australia, Norway and Japan in tightening monetary policy, while more central banks are set to follow in the coming months. The Strait of Hormuz is still e ...
3 days ago
Dollar falls after Trump halts US strikes on Iran
NEW YORK, June 11 : The dollar dropped sharply against major peers on Thursday after President Donald Trump called off plans for renewed U.S. military strikes on Iran at the last minute, saying negotiations with Tehran were heading towards a possible deal. The dollar tends to strengthen during perio ...
3 days ago
Euro eases after ECB hike; dollar steadies near two-month high on Iran tensions
NEW YORK, June 11 : The euro edged lower on Thursday after the European Central Bank delivered a widely expected interest rate hike, while the dollar hovered near a two-month high as President Donald Trump pledged further U.S. attacks on Iran.The ECB raised interest rates for the first time in nearl ...
3 days ago
US stocks: Wall Street ticks up as chips rebound, Middle East in focus
WALL Street’s major indexes inched higher on Thursday, as investors sought bargains in beaten-down technology stocks and kept a close watch on developments around...
3 days ago
Oppenheimer launches Wall Street's first coverage of SpaceX with bullish outlook
June 11 : Oppenheimer became the first global brokerage to start coverage of SpaceX, ahead of the rocket and AI company's highly anticipated $75 billion market debut on Friday.The brokerage issued an "outperform" rating and set a price target of $190, implying an upside of nearly 41 p ...
3 days ago
Long-term care is not just an age-related issue: Great Eastern
Ranamita Chakraborty - The insurer’s claims data shows that 62% of claimants under one of its long-term care plans are under 50
3 days ago
Grok's AI image generation tool violated Canadian privacy law, watchdog says
OTTAWA, June 11 : xAI's Grok chatbot violated Canadian privacy laws by launching an image-generation tool that allowed users to create and share non-consensual, sexualized deep fakes, an official watchdog said in a report on Thursday.After Privacy Commissioner Philippe Dufresne launched a forma ...
3 days ago
Grok's AI image generation tool violated Canadian privacy law, says watchdog
OTTAWA, June 11 : xAI's Grok chatbot violated Canadian privacy laws by launching an image-generation tool that allowed users to create and share non-consensual, sexualized deep fakes, an official watchdog said in a report on Thursday.
3 days ago
SpaceX IPO draws more than US$70 billion in retail orders
The US$75 billion IPO would be the largest on record