Posts by Liam Redmond
JPMorgan bullish on Singapore stocks amid expected Asean rebound, names 7 top picks
[ad_1] The city-state’s rally has a ‘long way to go’, says the bank, which is also ‘overweight’ on Vietnamese equities [SINGAPORE] Asean equities will be at an inflexion point in 2026, with a recovery in earnings and valuations expected after years of underperformance, analysts at JPMorgan said. The bank’s 2026 regional outlook report advised investors…
Read MoreBNY deepens AI, digital asset embrace as it enters next phase: CEO Robin Vince tells BT
[ad_1] The New York-based bank has invested heavily in AI and culture transformation and is ready for its next phase of change, says Vince in an exclusive interview [SINGAPORE] Three years into its 10-year transformation plan, BNY is entering its next phase of change. It will deepen artificial intelligence (AI) integration into operations and a…
Read MoreTikTok signs agreement for new joint venture keeping it online in the U.S.
[ad_1] TikTok has finalized a deal with Oracle and two other investors that will allow the popular social video platform to continue its business in the U.S. The deal, expected to close on Jan. 22, will be 50% held by a new investor consortium that includes tech giant Oracle, Silver Lake and MGX, a technology…
Read MoreJoe Buck set to call Mets-Dodgers game on ESPN in 2026
[ad_1] Joe Buck will be back in the baseball broadcast booth this season for ESPN, at least for one game. The venerable sports broadcaster, and the voice of the World Series on Fox from 1996-2021, will be behind the mic when the Worldwide Leader kicks off its revamped MLB broadcast package with a Mets-Dodgers game…
Read MoreNike’s China conundrum deepens as turnaround stagnates
[ad_1] Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines [NEW YORK] Nike is running out of time to prove its China playbook works. The US sportswear giant’s sixth straight quarterly sales decline in the country – including a 20 per cent drop in footwear –…
Read MoreTikTok says it signed agreements to create new US joint venture
[ad_1] TIKTOK chief executive officer Shou Chew told employees that the social media app’s parent company, ByteDance, signed binding agreements to create a US joint venture majority-owned by American investors. In an internal memo reviewed by Bloomberg, Chew said he was “pleased to share some great news” and said agreements with Oracle Corp, Silver Lake…
Read MoreBNY to move Singapore offices to Marina One East Tower
[ad_1] Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022 [SINGAPORE] BNY is entering its next phase of transformation that bets big on artificial intelligence (AI). But for the bank’s employees in Singapore, the changes also mean investments in its offices to enable more growth opportunities.…
Read MoreUS Energy Department taps Big Tech for AI-powered research push
[ad_1] THE US Department of Energy said on Thursday it has signed agreements with 24 organisations, including tech giants such as Microsoft, Google and Nvidia, to advance the Genesis Mission. The mission is a national programme aimed at using artificial intelligence to accelerate scientific research and strengthen US energy and security capabilities. The department said…
Read MoreInside the rat-infested, urine-soaked mental health jail housing Nick Reiner
[ad_1] Nick Reiner is being held in America’s largest mental health jail, which is notorious for its rat-infested and urine-soaked “inhumane” conditions — a far cry from the Brentwood mansion he lived in with his legendary Hollywood parents. The 32-year-old, who is accused of slaughtering his director dad, Rob Reiner, and his mom, Michele Singer…
Read MoreInstacart to pay US$60 million to settle FTC claims it deceived shoppers
[ad_1] INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery delivery platform deceived consumers about its Instacart+ membership and free delivery offers, according to court documents filed in San Francisco on Thursday. Instacart’s offer of “free delivery” for first orders was illusory because…
Read MoreFedEx CEO’s sweeping network overhaul is starting to bear fruit
[ad_1] [NEW YORK] FedEx offered investors a sign that chief executive officer Raj Subramaniam’s turnaround plan may be worth the wait. The shipping heavyweight raised the low end of its profit outlook for the year and reported earnings for the most recent quarter that topped Wall Street estimates, helped by volume and pricing gains in…
Read MoreFedEx posts higher quarterly results, raises low end of full-year profit forecast
[ad_1] It lifted its 2026 revenue outlook, calling for 5 to 6 per cent year-over-year growth FEDEX posted higher second-quarter profit and revenue on Thursday and lifted the low end of its full-year earnings outlook, as peak-season pricing actions and cost-cutting efforts helped offset softer shipment volumes. The Memphis-based package delivery company reported an adjusted…
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