1 day ago
European shares pull back as Middle East peace prospects assessed
Teheran is reviewing a proposal that would stop the fighting
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Motorola Solutions raises annual forecasts on robust demand
May 7 : Motorola Solutions on Thursday raised its full-year revenue and profit forecasts, driven by strong demand for its critical communications equipment and video security systems. The company has benefited from robust demand from public safety agencies and commercial enterprises looking to upgra ...
1 day ago
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1 day ago
Cloudflare to cut about 20% workforce as AI adoption reshapes operations
May 7 : Cloudflare said on Thursday it would cut about 20 per cent of its workforce as the company restructures operations around the rapid adoption of artificial intelligence tools, and forecast second-quarter revenue slightly below Wall Street expectations.The internet infrastructure and cybersecu ...
1 day ago
Cloudflare cuts workforce by 20% in 'AI-first' restructuring
May 7 : Cloudflare said on Thursday it would lay off about 20 per cent of its workforce as part of a shift toward an "agentic AI-first operating model," as the internet services company restructures around artificial intelligence.Shares of Cloudflare fell 14 per cent in extended trading, d ...
1 day ago
Cloudflare to cut 20% jobs, quarterly revenue forecast falls short
May 7 : Cloud services firm Cloudflare forecast quarterly revenue below estimates on Thursday, and said it is laying off about 20 per cent, or more than 1,100, employees globally.Shares of the company fell more than 13 per cent in extended trading.The company expects second-quarter revenue between $ ...
1 day ago
Microchip Tech forecasts quarterly revenue above estimates on strong chip demand
May 7 : Microchip Technology forecast first-quarter revenue above estimates on Thursday, betting on strong demand for its chips used in industrial and automotive sectors.Shares of the Chandler, Arizona-based company rose more than 2 per cent in extended trading.The company has benefited from a cycli ...
1 day ago
Apple, Meta warn Canadian bill could force them to weaken encryption
SAN FRANCISCO, May 7 : Apple and Meta have publicly opposed a Canadian bill that the companies say could require them to break the encryption of their devices and services if passed.Bill C-22 was proposed by Canada's ruling Liberal Party, which gained a parliamentary majority last month and is ...
1 day ago
Apple warns Canadian bill could force it to weaken device encryption
SAN FRANCISCO, May 7 : Apple has publicly opposed a Canadian bill that the company says could require it to break the encryption of its devices if passed.Bill C-22 was proposed by Canada's ruling Liberal Party, which gained a parliamentary majority last month and is currently being debated in t ...
1 day ago
Block raises annual gross profit outlook as Cash App stands out
May 7 : Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient consumer spending and strong growth in its core businesses.The Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared with its previo ...
1 day ago
Block raises annual gross profit outlook on consumer spending strength
May 7 : Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient consumer spending and strong growth in its core businesses.The Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared with its previo ...
1 day ago
CoreWeave signals higher capex as component costs rise, shares fall
May 7 : CoreWeave Inc raised the lower end of its annual capital expenditure forecast on Thursday, citing a rise in the prices of components, sending the cloud infrastructure technology's shares down more than 9 per cent in extended trading.Demand for services from the so-called neoclouds, such ...
1 day ago
CoreWeave tops revenue estimates as AI boom supercharges cloud demand
May 7 : CoreWeave Inc beat analysts' estimates for quarterly revenue on Thursday, as the specialized cloud provider tapped into strong demand for its high-performance computing services used to train and deploy artificial intelligence models.The company's shares were flat in volatile exten ...
1 day ago
Akamai surges as $1.8 billion cloud deal eclipses downbeat forecast
May 7 : Shares of Akamai Technologies soared 24 per cent in extended trading on Thursday after the company disclosed a $1.8 billion long-term cloud deal with a frontier model provider. Still, the company forecast underwhelming quarterly results as a sharp rise in prices of memory infrastructure ripp ...
1 day ago
OpenAI unveils three audio models for real-time voice tasks
May 7 : OpenAI introduced three audio models for its developer platform on Thursday, aiming to make voice-based software agents more conversational and capable of completing tasks in real time.The launch of the application programming interface (API) moves the ChatGPT-maker beyond transcription and ...
1 day ago
Rave files antitrust lawsuit against Apple over removal of video-sharing app
SAN FRANCISCO, May 7 : Software developer Rave on Thursday filed an antitrust lawsuit against Apple, alleging that the iPhone maker kicked Rave's app for shared viewing of video content off the Apple App Store after introducing a competing product called SharePlay.Ontario, Canada-based Rave is ...
1 day ago
DOJ antitrust head warns dealmakers not to mislead on AI
May 7 : The U.S. Department of Justice's antitrust head on Thursday warned companies against trying to misleadingly use artificial intelligence disruption as a defense in merger reviews without providing evidence.Acting Assistant Attorney General Omeed Assefi oversees the DOJ's work review ...
1 day ago
Japan's SoftBank explores homegrown AI servers with Nvidia, Foxconn, Nikkei reports
May 8 : SoftBank Corp has begun discussions with U.S. chip giant Nvidia and Taiwanese contract manufacturer Foxconn as it weighs plans to build "made-in-Japan" artificial intelligence servers, the Nikkei newspaper reported on Friday.The Japanese telecom company wants to build a production ...
2 days ago
Space analytics firm HawkEye valued at $3.15 billion after NYSE debut
May 7 : HawkEye 360 shares jumped 30 per cent in their New York Stock Exchange debut on Thursday, securing a $3.15 billion valuation and signaling strong investor demand for defense-tech offerings.The stock of the space analytics firm opened at $33.80, above the offer price of $26. The Herndon, Vi
2 days ago
Space analytics firm HawkEye 360 valued at $3.15 billion after NYSE debut
May 7 : HawkEye 360 shares jumped 30 per cent in their Thursday debut, securing a $3.15 billion valuation and signaling strong investor demand for defense-tech offerings.The stock opened at $33.80, above the offer price of $26. The Herndon, Virginia-based firm raised $416 million in its U.S. IPO o
2 days ago
Blue Owl will reduce private credit exposure to software
NEW YORK, May 7 : Blue Owl's biggest publicly traded private credit fund will look to reduce its exposure to software, the fund's chief executive said, as uncertainty about the impact of artificial intelligence on the sector roils valuations.The share of software assets in Blue Owl Capital ...
2 days ago
Blue Owl private credit fund will lower software exposure, CEO says
NEW YORK, May 7 : Blue Owl's biggest publicly traded private credit fund will look to reduce its exposure to software, the fund's chief executive said, as uncertainty about the impact of artificial intelligence on the sector roils valuations.The share of software assets in Blue Owl Capital ...
2 days ago
US stocks: S&P 500, Nasdaq at record highs as oil pullback brings relief
THE S&P 500 and the Nasdaq held close to record highs on Thursday, helped by an extended fall in oil prices on...
2 days ago
Raffles Education reports profit after tax of $24.2 mil for 9MFY2026, surge 274% y-o-y
Teo Zheng Long - Raffles Education (SGX: NR7 ) has reported profit after tax of $24.2 million for 9MFY2026 ended March 31, jumped by 274% y-o-y. However, adjusted EBITDA was marginally lower by 5% y-o-y to $22.7 million. Meanwhile, net cash generated from operating activities increased to $16.3 million in 9MFY2026, ...
2 days ago
Raffles Education reports profit after tax of $24.2 mil for 9MY2026, surge 274% y-o-y
Teo Zheng Long - Raffles Education (SGX: NR7 ) has reported profit after tax of $24.2 million for 9MFY2026 ended March 31, jumped by 274% y-o-y. However, adjusted EBITDA was marginally lower by 5% y-o-y to $22.7 million. Meanwhile, net cash generated from operating activities increased to $16.3 million in 9MFY2026, ...
2 days ago
Oil falls below US$100 a barrel on Middle East peace hopes
Iran said on Wednesday that it was reviewing a US peace proposal
2 days ago
Arm shares slide on smartphone market weakness, AI chip supply concerns
May 7 : Arm shares tumbled on Thursday after the company warned of smartphone market softness and challenges in securing supply for its new artificial intelligence chip to meet growing demand.The stock fell 5 per cent to $225.43, with the drop set to erase more than $12 billion from the company' ...
2 days ago
Datadog raises annual forecast on strong cloud security demand, shares jump 36%
May 7 : Cloud security firm Datadog on Thursday raised its annual forecast after beating Wall Street expectations for first-quarter results, fueled by high demand for its cloud security products amid rising artificial intelligence adoption.• The company's shares were up nearly 36 per cent in ...
2 days ago
Meta challenges UK regulator over online safety fees, fines
LONDON, May 7 : Facebook and Instagram owner Meta is challenging Britain's media regulator Ofcom over how fees and penalties under the Online Safety Act are calculated, London's High Court heard on Thursday.The challenge centres on Ofcom's use of worldwide, rather than UK, revenue to ...
2 days ago
Meta challenges UK media regulator over online safety fees
LONDON, May 7 : Facebook and Instagram owner Meta is bringing a legal challenge against Britain's media regulator Ofcom over how fees and penalties are calculated under the government's Online Safety Act, London's High Court heard on Thursday.An Ofcom spokesperson said in a statement ...
2 days ago
McDonald’s value push and bigger burgers drive larger orders
Its results show a rebound from a year ago
2 days ago
Citigroup bets on CEO Fraser’s overhaul to aim for 11% to 13% profitability
Last month, the bank beat Wall Street expectations for first-quarter profit
2 days ago
EPAM Systems raises annual profit forecast on strong IT service demand
May 7 : EPAM Systems on Thursday raised its annual profit forecast, after beating quarterly profit estimates, on strong demand for its software services amid sustained spending by companies on artificial intelligence technology enhancement.• The IT consultancy firm expects full-year adjusted profi ...
2 days ago
Stocks pull back, oil choppy as US-Iran peace deal remains in flux
May 7 : U.S. and European stocks slipped on Thursday, as oil prices swung between gains and losses in volatile trading with investors still uncertain about peace negotiations between the U.S. and Iran.On Wall Street, major stock indexes pulled back slightly a day after strong chipmaker earnings push ...