Posts by Liam Redmond
US stocks opens mixed as investors assess data, Alphabet shines
[NEW YORK] Wall Street’s main indexes were mixed at the open on Tuesday (Nov 25) as investors took stock of a series of delayed economic data to gauge the health of the US economy, while Alphabet gained after a report said Meta was in talks to spend billions on the Google parent’s chips. The Dow…
Read MoreEV maker Nio posts 3.5 billion yuan net loss for Q3 2025
[SINGAPORE] Chinese electric vehicle (EV) maker Nio recorded a net loss of 3.5 billion yuan (S$638 million) for its third quarter ended Jun 30, 2025, narrowing its losses from 5.1 billion yuan in the corresponding year-ago period. Revenue stood at 21.8 billion yuan, a 16.7 increase from 18.7 billion yuan in the third quarter of 2024,…
Read MoreGOP Sen. Jim Justice agrees to pay $5M in back taxes to settle DOJ, IRS claim
That’s a lot of kibble. Sen. Jim Justice (R-WV), whose pet English bulldog Babydog has been a DC darling since he took office in January, has agreed to pay more than $5 million to settle a tax debt dating to 2009. The Justice Department filed a complaint in Beckley, WV, federal court Monday claiming that…
Read MoreAmova announces two new funds with focus on SGX small and mid-cap stocks
This announcement is part of MAS’ EQDP, which aims to revitalise the local bourse [SINGAPORE] Amova Asset Management, formerly Nikko Asset Management, announced that it will be launching two new funds as part of the latest Singapore Equity Market Development Programme (EQDP). The two funds – Singapore All Share Strategy and Singapore Small Mid Cap…
Read MoreThree people killed, 16 injured in major Ukrainian drone attack on southern Russia: officials
Three people were killed and at least 16 injured in a major Ukrainian drone attack on southern Russia with residential buildings damaged in the Black Sea port of Novorossiysk and the cities of Rostov-on-Don and Krasnodar, Russian officials said. The Russian Defence Ministry said that 249 Ukrainian drones were downed over Russian regions overnight, including 116 over the Black Sea, 92 over the southern regions of Krasnodar and Rostov. Rostov Governor Yuri Slyusar said that a paint shop, a warehouse, four apartment buildings…
Read MoreSri Trang Gloves’ production facilities in flood-hit areas in Thailand temporarily suspended
The dual-listed group says it is working to ensure that operations continue with minimal business impact [SINGAPORE] Sri Trang Gloves said on Tuesday (Nov 25) that its manufacturing facilities in flood-affected areas in Thailand’s southern trading hub Hat Yai have temporarily suspended production. The mainboard-listed company said flooding in the Hat Yai district of the…
Read MoreIce-T reveals real reason for his reduced screen time on ‘Law & Order: SVU’
He’s chilling. Ice-T revealed the real reason behind his reduced screen time on Season 27 of “Law & Order: Special Victims Unit” during an interview with TMZ published Monday. “It’s just basically business,” he told the outlet. “They brought Kelli [Giddish] back. At the end of the day, they couldn’t keep both of us on…
Read MoreRate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as internet-based banks are also growing [TOKYO] Three decades after a bad debt crisis in Japan forced a wave of mergers that created its mega lenders, the focus now is on consolidation in the…
Read MoreIt’s not just Gen Z — all ages are being hit hard by this damaging side effect of social media
We’ve all heard how social media is devastating teen mental health — but a shocking new report confirms it’s robbing pretty much everyone of the ability to focus. The meta-study from Griffith University in Australia analyzed 71 surveys with more than 98,000 research subjects and found that consuming short-form video is associated with diminished attention…
Read MoreWhy Mike Kafka fired Shane Bowen just hours after Giants vote of confidence
Sometime around 5 o’clock Sunday afternoon inside a narrow interview room in the bowels of Ford Field, Giants interim coach Mike Kafka was asked if he still had “full confidence’’ in defensive coordinator Shane Bowen. “Yeah, I do,’’ Kafka said. “I have a lot of confidence in Shane and his entire staff.’’ That vote of…
Read MoreTelefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units [MADRID] Spain’s largest telecommunications operator Telefonica aims to cut at least 5,040 jobs as part of a sweeping plan to slash costs, the top union representing its workers said. The cuts, affecting about a fifth of the carrier’s…
Read MoreSaudi Aramco weighs raising billions of dollars from its biggest disposals yet
[RIYADH] Saudi Aramco is considering plans to raise billions of dollars by selling a range of assets, people familiar with the matter said, deals that could rank as its most significant disposals ever. The firm is weighing the sale of a stake in its oil export and storage terminals as part of the plans, the…
Read More