US: S&P 500, Nasdaq hit record high after weak jobs data
The S&P 500 and the Nasdaq hit record highs on Friday (Sep 5) after weaker-than-expected August jobs data bolstered expectations for Federal Reserve rate cuts, while chipmaker…
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Fashion
Tesla offers unprecedented US$1 trillion pay package to Musk
Tesla proposed a new compensation agreement for chief executive officer Elon Musk potentially worth around US$1 trillion, a massive package without precedent in corporate America. The…
The Best DEX You Can Use Without KYC: Grvt Goes Friction-Free
While most DEXs sacrifice security and user experience for the sake of permissionless access, Grvt reimagines what secure, accessible trading should look like. The platform has just…
SGX moves to ease ETF market-maker rules, match global norms
The move follows measures by the Republic in February to enhance its equities market The Singapore Exchange (SGX) on Friday (Sep 5) said its regulatory arm plans to streamline the…
Singapore stocks rally as investors price in September Fed rate cut; STI up 0.2%
The local bourse logged gains for a second straight day on Friday (Sep 5), closing higher alongside regional markets amid expectations that weak US job market data will cement a September…
China slaps preliminary duties on EU pork imports
The move deepens a trade dispute with the bloc arising from its tariffs on Chinese electric vehicles China on Friday (Sep 5) placed preliminary anti-dumping duties as high as 62.4…
ByteDance chip design staff suddenly find out they report to Singapore unit: sources
Chip design workers at Chinese tech giant ByteDance, many based in Beijing or Shanghai, unexpectedly found out last week that they are part of a Singapore unit, three people familiar with…
China bonds see renewed selloff after stock market rebound
Chinese government bonds declined in Friday (Sep 5) afternoon trading as an equity rebound extended and higher yields at a longer-dated auction disappointed some investors. Futures on…
Trump to Sign Executive Order to Rename Department of Defense to Department of War in Historic Move
President Trump is set to sign an executive order on Friday that will bring back the old "Department of War" name as a secondary title for the Department of Defense. The President and…
Nikkei ends at over 2-week high as Trump lowers tariffs on Japanese automobiles
Japan’s Nikkei share average closed at a more-than two-week high on Friday (Sep 5) as auto shares rose after US President Donald Trump signed an order to lower tariffs on Japanese…
Former Wisconsin School Teacher Charged with Sexually Assaulting Teen While She was His Nanny
A former school teacher in Hudson, Wisconsin, was charged earlier this year with sexually pursuing a grade-school boy, is facing new allegations in the Twin Cities of long-running acts of…
AI driving efficiency up and costs down at creative agencies: advertising mogul Martin Sorrell
Artificial intelligence (AI) is sweeping across the advertising and marketing industry – and challenging the traditional agency model where too much time and manpower are spent producing…
Landscaper Saves Illinois Woman from Husband Who was Trying to Kill Her by Smothering Her with a Pillow
A suburban woman is alive after a landscaper intervened when her husband allegedly tried to smother her to death with a pillow, police said. The attack occurred around 10:50 a.m. on Aug.…
Joe Biden Sparks Health Concern After He Is Seen with Massive Head Wound as Former President's Struggles with Cancer Continue
Former President Joe Biden sparked concern after he was seen massive gash on his head while greeting people in Delaware over Labor Day weekend. The 82-year-old looked frail in the new…
Asia: Markets rally as Chinese stocks selloff eases
ASIAN markets mostly gained on Friday after an intense selloff of Chinese equities stalled this week, with rumours the country’s financial regulators could intervene to slow the dumping.…
Donna Adelson Convicted of Hiring Hitmen to Kill Her Former Son-in-Law Amid Bitter Custody Battle with Her Daughter
A Florida grandmother has been convicted of orchestrating the murder of her daughter's ex-husband, who was killed by hitmen amid a bitter divorce and custody battle more than 11 years ago.…
Singapore swim school Fitness Champs splashes into Nasdaq with US$15 million IPO
As a former competitive swimmer who was waiting to enter university, Joyce Lee started freelancing as a swimming instructor in 1999 to help support her family in the wake of the 1997 Asian…
Qantas trims executive bonuses by 15% for fiscal 2025 over cyber hack
RALIA’S Qantas Airways has cut short-term bonuses for its top executives and CEO by 15 per cent in fiscal 2025 after a cyber hack earlier this year exposed millions of customer…
OpenAI set to start mass production of its own AI chips with Broadcom, FT reports
AI is set to produce its own artificial intelligence chip for the first time next year, as the ChatGPT maker attempts to address insatiable demand for computing power and…
Stocks to watch: ST Engineering, Olam, Yangzijiang Financial, Stoneweg Europe Stapled Trust
The following companies saw new developments that may affect trading of their securities on Friday (Sep 5): ST Engineering: Over the next five years, the company will invest S$250 million…
Why China’s world-beating stock rally is making investors anxious
WHEN a quiet resurgence in Chinese equities developed into a world-beating rally, it took many seasoned market watchers by surprise. There’s little sign of a revival in spending by…
Aerospace advancements create jobs that ‘Singaporeans will want to take up’: EDB vice-president
Technological progress in aerospace is creating attractive jobs, but also increasing the need for upskilling, said panellists in a Sep 3 roundtable organised by The Business Times and…
Boeing says will hire replacements for striking US defence workers
NG is launching a recruitment drive to find “permanent” manufacturing workers to replace US union employees who went on strike last month, the company said Thursday. The…
Warner Bros. Discovery sues AI firm for Batman, Superman copyright infringement
Warner Bros. Discovery has joined a key copyright infringement case that could test the legal bounds of using artificial intelligence to create digital replicas of well-known characters.…