Coupang swings to a loss as South Korea data breach hurts fourth quarter
Feb 26 : E-commerce giant Coupang swung to a fourth-quarter loss on Thursday and reported revenue below analysts' estimates, hurt by the fallout from a data breach in South Korea.Coupang Korea, which generates more than 90 per cent of the group's total revenue, has faced a public backlash ...
Coupang misses quarterly revenue estimates, hurt by data breach fallout
Feb 26 : E-commerce giant Coupang Inc on Thursday reported fourth-quarter revenue below analysts' estimates, hurt by the fallout from a data breach.Revenue for the October-December period came in at $8.8 billion, compared with an $8.9 billion forecast from LSEG SmartEstimate, which is weighted ...
CoreWeave slides as surging capex, backlog risks overshadow small revenue beat
Feb 26 : CoreWeave forecast that its capital expenses for the year will double, as it spends heavily to scale up its AI cloud platform to handle the massive computing power demanded by its customers to train and deploy advanced AI models.Its shares slumped 10 per cent in after-hours trading.The comp ...
CoreWeave beats quarterly revenue estimates on strong AI-related demand
Feb 26 : CoreWeave beat Wall Street estimates for quarterly revenue on Thursday, benefiting from the artificial intelligence boom that has driven companies to its platform for the massive computing power needed to train and deploy advanced AI models.However, shares of the company fell 5 per cent aft ...
LGBTQ+ dating app Grindr beats revenue estimates, bets on AI to drive growth
Feb 26 : Grindr on Thursday reported fourth-quarter revenue above estimates and expanded its share repurchase program by $400 million, as the LGBTQ+ dating app bets on artificial intelligence-powered features to drive growth, sending its shares up about 4 per cent after the bell.The company said it ...
Intuit expects profit below estimates on higher marketing spend during US tax season
Feb 26 : Intuit forecast third-quarter profit below Wall Street estimates on Thursday, as it anticipates higher marketing spending to attract more customers during the U.S. tax season.Shares of the company fell around 3 per cent in extended trading.The third quarter is typically Intuit's strong ...
Duolingo shares drop after bookings outlook lags estimates amid strategy shift
Feb 25 : Duolingo forecast first-quarter and 2026 bookings below expectations on Thursday as it shifts strategy toward faster user growth, a move it said will weigh on bookings growth and profitability this year, sending the company's shares down more 23 per cent after hours.As part of the push ...
Duolingo prioritizes user growth over monetization, forecasts softer bookings
Feb 25 : Duolingo forecast first-quarter and 2026 bookings below expectations on Thursday as the language-learning app shifts strategy toward faster user growth, a move it said will weigh on bookings growth and profitability this year.Shares fell nearly 20 per cent in extended trading.As part of the ...
US regulator may share World Liberty bank application with lawmakers
WASHINGTON, Feb 26 : The head of the national U.S. bank regulator said on Thursday he would consider a request to allow senior members of Congress to review the bank charter application of World Liberty Financial, a crypto venture backed by the family of President Donald Trump.Jonathan Gould, Comptr ...
Smartphone market set for biggest-ever decline in 2026 on memory price surge, IDC says
Feb 26 : The global smartphone market is poised to suffer its biggest decline ever in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, the International Data Corporation said on Thursday. Smartphone shipments are expected to drop 12.9 per cen ...
In prehistoric interbreeding, it was Neanderthal men and Homo sapiens women
WASHINGTON, Feb 26 : When Homo sapiens trekked out of Africa, our species encountered Neanderthal populations already inhabiting the vast expanses of Europe, Asia and the Middle East. As the presence of Neanderthal DNA in most present-day people shows, interbreeding occurred, though the circumstance ...
Netflix and Apple TV join forces on F1 content
Feb 26 : Netflix will broadcast the Canadian Formula One Grand Prix live to U.S. viewers in May as part of a deal that makes season eight of its hit docu-series 'Drive to Survive' available for streaming on Apple TV.Apple TV is taking over from Walt Disney's ESPN this season as the ex ...
Prada layers winter jackets over light dresses at Milan show as Zuckerberg's presence fuels smart glasses talk
MILAN, Feb 26 : Prada's autumn/winter show in Milan on Thursday included embroidered satin dresses, sheer skirts and wool sweaters, while the front row presence of Mark Zuckerberg fuelled speculation about a potential smart glasses partnership.Designers Miuccia Prada and Raf Simons chose to hav ...
World shares retreat from record highs amid concerns about tech valuations
NEW YORK, Feb 26 : An index of global equity markets eased after hitting a record high on Thursday as concerns about lofty valuations of leading technology companies weighed on markets after artificial intelligence chipmaker Nvidia reported quarterly results.The benchmark S&P 500 on Wall Street ...
World shares ease on concerns about tech valuations
NEW YORK, Feb 26 : An index of global equity markets eased after hitting a fresh record high on Thursday as concerns about lofty valuations of leading technology companies weighed on markets after artificial intelligence chipmaker Nvidia reported strong quarterly results.Shares on Wall Street and in ...
Woman suing Meta, YouTube over social media addiction expected to take stand at trial
Feb 26 : A California woman is expected to testify in court on Thursday about how using Meta Platforms' Instagram and Google's YouTube as a child harmed her mental health, as her landmark trial in Los Angeles continues.The plaintiff, known as Kaley G.M. in court, began using Instagram at a ...
Warner Bros’ TV decline puts pressure on Netflix deal
Feb 26 : Warner Bros Discovery heaped an additional burden on Netflix's $82.7 billion bid for the movie studio and HBO. The entertainment company behind the buzzy series "Heated Rivalry" and the film "Wuthering Heights" reported fourth-quarter earnings Thursday that showed p ...
Samudera Shipping’s H2 2025 profit down 30.2% at US$34.9 million; special dividend proposed
Benjamin Cher - The decline in profit in the second half is attributed to the cost of services outpacing revenue growth
UI Boustead REIT lodges IPO prospectus for $1.9 bil commercial property portfolio
Kwan Wei Kevin Tan - UI Boustead REIT is looking to raise $1.2 billion via an upcoming initial public offering (IPO), according to a prospectus it lodged with the Monetary Authority of Singapore on Feb 26. The REIT is a spin-off from engineering and technology group Boustead Singapore and is sponsored by UIB Holdings. B ...
Google rolls out Nano Banana 2 after viral success of AI image generation tool
Feb 26 : Google on Thursday unveiled a successor to its viral Nano Banana image generation model, touting faster performance as the search-engine behemoth pushes to attract more users to its AI tools.The model, called Nano Banana 2, is being rolled out across products, including the Gemini app, AI M ...
Apple seeks dismissal of fraud lawsuit over Siri AI, Epic injunction
Feb 26 : Apple urged a federal judge to dismiss a proposed class action claiming it defrauded shareholders twice, by overstating the artificial intelligence capabilities of its Siri voice assistant and falsely representing its compliance with an injunction governing commissions on app sales. In a We ...
Innotek reports lower earnings of $2.0 mil for FY2025, down 65.6% y-o-y
Teo Zheng Long - Precision metal components manufacturer Innotek M14 has reported a net profit of $2.0 million for FY2025, ended Dec 31, 2025, down 65.6% y-o-y. Revenue saw a decline of 11.8% y-o-y to $209.9 million in FY2025. The drop was driven by lower revenue contribution from its automotive, office automation ( ...
Exclusive-CNBC to unify digital and TV news operations, cut nearly a dozen jobs, sources say
Feb 26 : CNBC is restructuring its newsroom to unify its TV and digital operations in a move that would result in nearly a dozen layoffs including the departure of the website's managing editor, Jeff McCracken, four sources familiar with the matter told Reuters.The cuts are part of an overhaul ...
Russian authorities weigh block on Telegram from early April, RBC reports
MOSCOW, Feb 26 : Russian authorities have decided on a time frame for blocking the Telegram messaging app and this may happen in early April, the RBC news outlet reported on Thursday.Telegram is a hugely popular tool in Russia for both public and private communications, but the authorities accuse it ...
Union Gas reports earnings decline of 15.8% y-o-y despite record revenue for FY2025
Teo Zheng Long - Union Gas (SGX: 1F2 ) has reported 15.8% y-o-y lower earnings for FY2025, ended Dec 31, 2025 of $10.5 million. Revenue for the reporting period came in 9.9% y-o-y higher at $137.9 million, which is the highest since listing. Gross profit grew 1.9% y-o-y to $48.3 million. The higher revenue was large ...
Centurion’s FY2025 earnings fall to $114.8 mil on lower fair value gain and IPO costs; recommends final div of 2 cents
Felicia Tan - Centurion Corporation has reported earnings of $114.8 million for the FY2025 ended Dec 31, 2025, 67% lower y-o-y. The decline was attributed mainly to a lower fair value gain of $22.9 million on investment properties compared to the exceptional fair value gain of $219.1 million in FY2024. The lower ...
Nvidia shares fall as investors fret over returns, look past strong results
Feb 26 : Nvidia's shares fell on Thursday as investors looked past strong earnings, wary that the chip designer continues to channel capital into expanding the AI ecosystem, the payoffs for which are still unclear, rather than boosting shareholder returns.Its shares slid 4 per cent to $187.6 an ...
Nvidia shares fall as upbeat forecasts fail to excite investors
Feb 26 : Nvidia's shares fell on Thursday as the AI bellwether's upbeat results failed to lift sentiment for investors increasingly concerned about the returns from massive spending on artificial intelligence.Its shares slid 4.8 per cent to $186.28 in morning trading, weighing on the main ...
Trek 2000’s FY2025 earnings surge more than 12 times to US$4.6 mil
Teo Zheng Long - Trek 2000 (SGX: 5AB ) has reported earnings of US$4.6 million for FY2025, ended Dec 31, 2025, up by more than 12 times y-o-y. Despite the jump in bottom line, revenue was down by 1.1% y-o-y to US$19.6 million. The decline in revenue was mainly due to the company’s prudence decision in selecting an ...
Analysts ‘neutral’ on Sembcorp after FY2025 result announcement
Lin Daoyi - Sembcorp Industries’ FY2025 results did not inspire, as several analysts either downgraded their calls or lowered their respective target prices. JP Morgan remains “neutral” but with a reduced target price of $5.80; Macquarie Equity Research initially maintained the counter as “outperform” ...
S&P 500 opens subdued as Nvidia’s strong results draw muted reaction
[NEW YORK] The S&P 500 and the Nasdaq were muted at the open on Thursday (Feb 26), as Nvidia’s stellar earnings garnered...
Hacking group begins leaking customer data in Dutch telecom Odido hack
AMSTERDAM, Feb 26 : The criminal group behind a hack at Dutch telecom Odido, one of the largest carried out in the Netherlands, has begun publishing customer information on the dark web, the company said on Thursday.The theft of personal data of 6 million customers from the firm, T-Mobile's for ...
Centurion Corporation H2 profit drops 82% to S$40.9 million on lower fair-value gains
Deon Loke - For the full year, net profit was down 67 per cent to S$114.8 million
Syngenta plans to file for up to $10 billion Hong Kong IPO in second quarter, sources say
(Corrects headline and paragraph 1 to show that IPO filing will be in the second quarter, not the IPO launch)By John Revill, Kane Wu and Oliver HirtZURICH/HONG KONG, Feb 26 : Syngenta Group plans to file the application for an up to $10 billion stock market listing in Hong Kong in the second quarter ...
