Business
United sees demand ‘strengthening’ as profits edge lower
UNITED Airlines reported a slight dip in profits on Wednesday as operating expenses ticked higher, adding that a strengthening demand…
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Business
Business
US: S&P 500 ends higher after strong bank earnings, chip stocks rally
THE S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors…
Business
The 3 personalities of AI adoption
“We are fully committed to AI adoption,” the CEO told me, proud of the company’s recent employee training initiatives. “But is AI just…
Business
HPE annual profit forecast misses estimate on margin crunch
The company is dealing with tighter margins in part due to building servers with expensive AI chips that have made the machines less…
Business
Europe: Stocks end higher as LVMH drives luxury rally
EUROPEAN stocks closed higher on Wednesday as France’s LVMH sparked a rally in luxury goods groups and eased concerns that slowing global…
Business
Why Walmart will track its merchandise with millions of sensors starting this year
Walmart will be putting millions of sensors on its pallets across its supply chain chain, in a move that technology partner Wiliot is…
Business
Following LVMH, Luxury Sector Shares Move Higher
The luxury world often looks to LVMH Moët Hennessy Louis Vuitton for guidance, reading tea leaves in the powerhouse company’s results for…
Business
BlackRock, Nvidia-backed group buys Aligned Data Centers for $40 billion
An investor group including BlackRock, Microsoft, and Nvidia is buying one of the world’s biggest data center operators with nearly 80…
Business
OMB's Vought says 10,000 layoffs might come during shutdown
Russell Vought, the director of the Office of Management and Budget, said government layoffs could reach over 10,000 as the government…
Business
Attention Walmart shoppers: ChatGPT will do your shopping for you
Walmart has partnered with OpenAI to allow its customers to shop for products and pay directly from within ChatGPT. The world’s largest…
Business
Laika’s Matt Levin on Launching Live-Action and Taking the Company Into Its ‘New Chapter’ With Lord and Miller, Lulu Wang and More
Filmmakers Phil Lord and Christopher Miller, Lulu Wang and Jon Spaihts have one thing in common — they’ve all got projects lined up at…
Business
Tory leader relives acid attack as he hits out at parole system
Scottish Conservative leader Russell Findlay has hit out at Scotland's parole system as the man who attacked him with acid 10 years ago is…
Business
Former OCBC CEO Samuel Tsien appointed as new Jardine C&C independent chairman
Jardine Cycle & Carriage has appointed former OCBC group chief executive officer Samuel Tsien as its new independent chairman, effective…
Business
The memeification of Sora 2
OpenAI unleashed Sora 2 last month, the final boss of slop machines (at least for now). The social app draws entirely from artificial…
Business
Paramount Hires Josh Goldstine as Worldwide Marketing and Distribution President
Josh Goldstine has officially joined Paramount Pictures as president of global marketing and distribution. His appointment has been…
Business
LVMH surges to biggest daily jump in 20 years as China demand sparks US$80 billion luxury rally
The strong sales figures surprise investors and are expected to sustain momentum in luxury stocks [PARIS/LONDON] LVMH shares had their…
Business
Walmart on path to trillion-dollar status after OpenAI alliance
Walmart is on track to join the “elite” crop of companies with a trillion-dollar valuation, after its announced partnership with OpenAI…
Business
Zillow: It’d take an ‘unrealistic’ mortgage rate drop to restore housing market affordability
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. A recent Zillow…
Business
Q&M proposes to buy interest in dental group in Thailand
Purchase consideration will be satisfied by a combination of cash and new ordinary shares Q&M Dental Group is proposing to acquire equity…
Business
US: Wall St opens higher on positive bank results, chip stocks' rally
Wall Street’s main indexes opened higher on Wednesday (Oct 15), boosted by solid results from major banks, while chipmakers rallied after…
Business
Abbott posts higher quarterly revenue on strong medical device demand
Abbott reported higher quarterly revenue on Wednesday (Oct 15), driven by strong demand for its medical devices including continuous…
Business
Bank of America beats profit estimates on dealmaking strength
It reported a net income of US$8.5 billion, or US$1.06 per share, in the three months ended Sep 30 Bank of America beat Wall Street…
Business
Industrial property developer Soon Hock IPO 9.8 times oversubscribed
Industrial property developer Soon Hock on Wednesday (Oct 15) said that its 21.6 million units on offer were 9.8 times subscribed. Its…
Business
Industrial property developer Soon Hock IPO 9.8 times subscribed
Industrial property developer Soon Hock on Wednesday (Oct 15) said that its 21.6 million shares on offer were 9.8 times subscribed. Its…