Business
US: Oracle surge lifts S&P 500 to record as Dow declines
The S&P 500 finished at a new record on Wednesday behind a huge rally in Oracle shares as major US indices diverged ahead of key consumer…
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Business
England vs South Africa: Tourists win rain-affected opening T20 in Cardiff
England suffered a 14-run defeat by South Africa in a farcical rain-affected opening T20 at Cardiff. A delayed start saw the match reduced…
Business
DoorDash plans to test drone deliveries in San Francisco warehouse
Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco. The tech company…
Business
Producer inflation falls in August, pointing to softening demand
U.S. producer prices unexpectedly fell in August amid a compression in trade services margins and mild increase in the cost of goods,…
Business
Human remains found in Tesla linked to singer D4vd
Los Angeles police have found female human remains in an impounded vehicle that is registered to US singer D4vd. Officers responded to a…
Business
Oracle's Larry Ellison surpasses Elon Musk as world's richest man
Danielle KayeBusiness reporter Elon Musk has lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and…
Business
Warner Bros Discovery CEO David Zaslav on Why HBO Max Isn’t ‘Pushing’ Password-Sharing Crackdown Yet
Despite Warner Bros. Discovery‘s recent institution of a password-sharing crackdown at HBO Max, the streamer is actually going to let you…
Business
What is ‘BYOAI’ and why it’s a serious threat to your company
Months ago, I warned about “shadow AI”: employees moving faster than their companies, using AI without permission or training, while…
Business
UOL sells Kinex mall for S$375 million
Property developer UOL has entered into an agreement to sell Kinex, a retail mall, for US$375 million. The buyers of the freehold property…
Business
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
Business
Ben & Jerry’s ‘not for sale’ says Magnum CEO ahead of spin-off from Unilever
Magnum CEO Peter ter Kulve dismissed any talk of selling Ben & Jerry’s on Wednesday and said he was focused on reclaiming market share and…
Business
Weleda launches inquiry into Nazi camp skin test claims
Weleda, the natural cosmetics company, has launched a study into its links to a Nazi concentration camp following claims an anti-freeze…
Business
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data…
Business
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on…
Business
Klarna’s IPO Brings Buy Now, Pay Later Revolution to Wall Street
The buy now, pay later wave that’s been sweeping over retail is finally washing up on Wall Street with the initial public offering of…
Business
Oracle stock is soaring today despite an earnings miss and recent layoffs. Its CEO thanks a ‘who’s who of AI’
Oracle Corp. started September by making headlines for layoffs. Then, on Tuesday, September 9, it reported first-quarter financial results…
Business
mm2 Asia’s Malaysia unit settles dispute with landlord over unpaid rent, other charges
A Malaysian unit of beleaguered entertainment group mm2 Asia has settled a dispute with its landlord, Hektar Real Estate Investment Trust,…
Business
Del Monte swings into the black in Q1 with US$5.5 million net profit
Canned-food brand Del Monte Pacific has returned to the black with a net profit of US$5.5 million for its first quarter ended Jul 31,…
Business
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets Canned-food brand Del…
Business
The Download: AI’s energy future
Three big things we still don’t know about AI’s energy burden —James O’Donnell Earlier this year, when my colleague Casey Crownhart and I…
Business
Nio plans US$1 billion share sale to fund EV growth
The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each Chinese electric-vehicle maker Nio…
Business
Mediawan Pictures CEO Elisabeth D’Arvieu to Deliver Keynote at Mipcom Cannes
Mediawan Pictures CEO Elisabeth d’Arvieu will deliver a keynote interview at the upcoming Mipcom Cannes, the four-day global television…
Business
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
Oracle said on Tuesday (Sep 9) it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion US dollars,…
Business
Frasers Property’s emerging markets chief to take on additional role of Thailand CEO
Lim Hua Tiong is set to replace Thanapol Sirithanachai, who will continue to serve on the board Frasers Property’s emerging markets chief…