Business
Stocks to watch: CapitaLand Ascendas Reit, Seatrium, Sembcorp, mm2 Asia, Singapore Paincare
The following companies saw new developments that may affect trading of their securities on Thursday (May 29). CapitaLand Ascendas Reit…
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Chevron to cut nearly 800 jobs in Texas
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US…
Business
Chevron to cut 200 jobs in Texas
— Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil…
Business
Hong Kong bankers on edge over US$11 billion New World refinancing
Hong Kong bankers have become fixated on an US$11 billion loan deal with unusually high stakes for the financial hub. New World…
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China’s Honor developing humanoid robots in US$10 billion AI plan
The company is building its own agentic AI services that will be integrated into its software for smartphones and other devices R Device,…
Business
US firms plan to pass Trump tariff costs to consumers: Federal Reserve minutes
US firms have warned the Federal Reserve that the cost of President Donald Trump’s tariffs will likely be borne by consumers, according to…
Business
Why we need to write affordable housing’s next chapter
Over the years, I’ve observed how the approach to housing in the U.S. has shifted. And while affordable housing has faced challenges in…
Business
Tesla targets June 12 launch of robotaxi service in Austin
Tesla is poised to begin its long-awaited robotaxi service in Austin on Jun 12, according to a source familiar with the matter, a…
Business
US curbs chip design software, chemicals, other shipments to China
The United States has ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already…
Business
Nvidia gives solid forecast, even as China slump mars growth
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed…
Business
Oil gains on supply concerns, investors await July Opec+ output decision
Oil prices gained more than 1 per cent on Wednesday on supply concerns as Opec+ agreed to leave their output policy unchanged and as the…
Business
Europe: Stocks close lower as caution lingers on US trade policy progress
EUROPE’S main stock index closed lower amid broader declines on Wednesday as investors monitored progress in trade negotiations with the…
Business
HP plunges after cutting profit outlook on tariffs, economy
HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings…
Business
US: Stocks retreat as Treasury bond yields climb
Wall Street stocks retreated on Wednesday ahead of earnings from artificial intelligence titan Nvidia, with US Treasury bond yields…
Business
The trade war will cost 7 million jobs in 2025, according to a UN report. Here’s the breakdown
The International Labor Organization (ILO), an agency of the United Nations, has downgraded its global employment forecast for 2025,…
Business
Which Celebrity Beauty Brand Will Spark the Next Billion-Dollar Deal?
Hailey Bieber’s skin care brand Rhode just struck an agreement to be acquired by E.l.f. Beauty in a deal valued at a whopping $1 billion.…
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European Gymnastics Championships: GB's Jake Jarman and Ruby Evans win silver in first mixed team final
Great Britain's Jake Jarman and Ruby Evans combined to win silver in the first mixed team event at the European Gymnastics Championships…
Business
E.l.f. Beauty to acquire Rhode, Hailey Bieber’s skincare brand, in $1 billion deal
E.l.f. Beauty (NYSE: ELF) announced on Wednesday that it has signed a definitive agreement to acquire Rhode, the beauty brand founded by…
Business
Sam Altman and Jony Ive Will Force A.I. Into Your Life
Last Wednesday, OpenAI announced that it was acquiring a company called io, an artificial-intelligence-forward product-development firm…
Business
From flop to franchise: ‘Cyberpunk 2077’ is getting a sequel
A video game once synonymous with one of the most disastrous launches in history has not only redeemed itself, but will be getting a…
Business
Why Meta decided to finally embrace the iPad
Meta has spent 15 years shunning the iPad. Now it seems the company’s finally ready to embrace tablet lovers. WhatsApp users can text from…
Business
Man Utd booed off after 1-0 defeat by ASEAN All-Stars in Malaysia
A second-half goal from Myanmar winger Maung Maung Lwin was enough to give a South East Asia XI victory in front of an official attendance…
Business
7 unlikely pairings you’ll see at Summit Detroit
Fast Company is the official media partner of Summit Detroit. At Summit events, unlikely pairings of innovative yet seemingly disconnected…
Business
Why is GME stock down today? GameStop is betting $500 million on bitcoin, but investors aren’t buying it
GameStop is taking its promised bitcoin investment seriously—$500-million-worth-of-bitcoin serious, in fact. The video game retailer…