FTC scrutinises Ticketmaster efforts to stop resale bots
The company’s industry dominance has long been targeted by fans, artists, regulators and lawmakers, dating back to the 1990s Live Nation’s Ticketmaster is being probed by the US Federal…
Section
Fashion
Hackers steal client data from Kering’s Gucci, Balenciaga and McQueen: report
Hackers have stolen the private details of potentially millions of customers from luxury brands Gucci, Balenciaga and Alexander McQueen in an attack on the labels’ French parent company…
Europe: Shares finish near three-week high, luxury shines; Fed’s next move awaited
EUROPEAN shares closed near a three-week high on Monday, with luxury and defence stocks boosting the main index ahead of key meetings at the US Federal Reserve and other central banks. The…
Elon Musk's xAI lays off 500 people training its its Grok chatbot
Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot. The layoffs were earlier reported by Business…
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3 Google-parent Alphabet hit a market capitalisation of US$3 trillion for the first…
Alphabet enters US$3 trillion market cap club as Big Tech’s AI momentum builds
Technology and AI-linked stocks have powered Wall Street’s main indexes to record highs lately amid growing hopes that the US Federal Reserve will cut interest rates later this week Google…
US: Wall Street opens higher as Fed meeting week begins; Tesla climbs
Wall Street indexes opened slightly higher on Monday (Sep 15), setting the stage for a week dominated by the Federal Reserve’s policy meeting, while Tesla shares gained following CEO Elon…
Trump seems to claim TikTok deal ahead of Wednesday deadline
President Trump, who years ago led the charge to ban TikTok from the U.S., seemed to claim credit for saving it in a move he said should delight young voters. Trump and negotiators…
With stock purchase, Elon Musk signals confidence in Tesla's self-driving tech
In a move that boosted Tesla’s stock in midday trading on Monday, it was revealed that Chief Executive Elon Musk purchased approximately $1 billion worth of the company’s shares. The vote…
Whether it’s one rate cut or more, Fed’s Powell likely to act with caution as inflation stays high
US central bank expected to cut rates by 25 basis points to a range of between 4% and 4.25 % this week A US Federal Reserve rate cut this week is already priced into US stocks, and the big…
SIA Group’s passenger traffic up 5.4% in August
Passenger traffic is at 13.6 billion for the month, compared with 12.9 billion in the corresponding period last year Passenger traffic for the two carriers under the Singapore Airlines…
StanChart Singapore’s H1 profit climbs 12.4% to nearly S$1 billion
The rise in earnings comes amid a boost in fee and commission income, as well as forex income Standard Chartered (StanChart) Singapore’s net profit climbed 12.4 per cent year on year to…
China says preliminary probe shows Nvidia violated anti-monopoly law
CHINA’S market regulator on Monday (Sep 15) said that a preliminary investigation had found that US chip giant Nvidia had violated the country’s anti-monopoly law. The brief statement from…
ST Engineering to hire over 300 technicians and engineers as it doubles engine MRO capacity
This marks another significant hiring commitment by the local giant Source link
Former Hyflux comms executive testifies that news release did mention power business
The news release that landed Hyflux founder Olivia Lum and five others in the dock did refer to the company selling power, a former corporate communications executive testified on Monday…
Fading Labubu frenzy wipes US$13 billion from Pop Mart shares
Despite the slide, the Chinese toymaker is still up more than 180% year-to-date and remains the top performer on the Hang Seng Index The cooling frenzy over Labubu dolls has brought one of…
MAS needs to boost retail share of IPO listings
It would be fairer to retail investors and add to market liquidity given the larger pool of shareholders I REFER to the commentary “It’s sink or swim time for local small and mid-cap…
SGX CEO Loh Boon Chye’s pay rises 3.3% to S$7.82 million in FY2025
The pay hike is driven by increases to cash bonuses and long-term incentives that he received for the financial year Singapore Exchange (SGX) chief executive officer Loh Boon Chye got a…
Richard Li’s FWD plans buyback of US$900 million bond via new debt
The company will use the net proceeds of the five-year and 10-year notes for general corporate purposes, including refinancing the 8.4% note Hong Kong billionaire Richard Li’s FWD Group…
Tencent appoints banks for first bond sale in four years
The company is proposing to sell offshore-yuan denominated notes with five-year, 10-year and 30-year tenors as early as Tuesday Chinese technology and mobile gaming giant Tencent Holdings…
UltraGreen.ai secures US$188 million investment round led by 65 Equity Partners and Vitruvian Partners
UltraGreen.ai has secured a US$188 million investment round led by 65 Equity Partners and Vitruvian Partners. Other investors in the round include August Global Partners, and the funding…
Gold prices steady near record high ahead of Fed rate decision
The US central bank’s policy meeting this week comes amid challenges, including a legal dispute over its leadership and efforts to confirm US President Donald Trump’s nominee to the Board…
AI talent war pushes US firms to Asia’s outsourced coders
From Mumbai to Manila, firms have emerged to aid in a wide range of projects, from simple product development to becoming de facto in-house engineering teams HIRING an artificial…
Trump expects a ‘big cut’ from Federal Reserve this week
Recent weak economic reports are raising concerns that the labour market may slide into a deeper slowdown, threatening consumer spending and growth US President Donald Trump predicted a…