Jack Dorsey’s Block to cut nearly half its workforce in AI overhaul, shares surge
Feb 26 : Block on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as advances in AI reshape how it builds and runs its business, sending its shares up 23 per cent in after-hours trading.The layoffs signal how the AI boom is translating from hype into workforce changes, fueling ...
Wall St ends lower as tech rally stalls, AI fervour wanes after Nvidia results
All three major US stock indexes are on track for modest weekly losses
European shares retreat from record high, upbeat corporate earnings offset tech declines
Gains in industrial stocks capped declines
Netflix backs away from its offer to buy Warner Bros
Feb 26 : Paramount Skydance emerged as the likely winner in a months-long battle to acquire Warner Bros. Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.Netflix shares rose 10 per cent in extended trading. "We've always been di ...
Warner Bros says Paramount bid superior, countdown begins for Netflix response
Feb 26 : Warner Bros Discovery said Paramount's revised $31-a-share offer was superior to its existing deal with Netflix, giving the streaming giant four business days to respond or walk away from the bidding war for the coveted Hollywood studio. The high-stakes battle could be in its final str ...
Netflix declines to raise offer after Warner Bros says Paramount bid superior
Feb 26 : Netflix on Thursday signaled it was backing away from its offer to buying Warner Bros Discovery's streaming and studio assets, saying the deal was no longer financially attractive after Paramount Skydance revised its offer for the coveted Hollywood studio to $31-a-share offer. Shares o ...
Brinks to acquire NCR Atleos in $6.6 billion deal
Feb 26 : Brinks Co will acquire NCR Atleos in a cash-and-stock deal valued at about $6.6 billion, the digital retail solutions provider said on Thursday. Brink's will acquire each outstanding share of NCR Atleos for $30.00 in cash and 0.1574 shares of its common stock.The deal has been approved ...
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 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 ...
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 ...
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 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 ...
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 ...
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 ...
