Posts by Liam Redmond
Target explores factory-direct shipping model used by Temu
[CHICAGO] Target is testing the delivery of products directly to customers’ homes from factories, said sources familiar with the matter, an effort by the big-box retailer to launch a service similar to the Chinese e-commerce platforms Temu and Shein. The company is seeking to broaden its range of low-cost offerings through the initiative, said the…
Read MoreDavid Stearns can’t rely on the trade deadline alone to fix this Mets quagmire
David Stearns refuses to believe the past week and a half defines the 2025 Mets. He also will not ignore it. The Mets president of baseball operations engaged reporters for 20 minutes in a news conference, mainly about all that has derailed the Mets in a 1-9 stretch they took into Tuesday night’s game against…
Read MorePing An builds HK$180 billion stake in China banks on dividend bet
[HONG KONG] Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the dividend yields will outweigh headwinds of narrower margins and earnings pressure. Ping An has since late 2024 boosted its holdings of Hong Kong-listed stocks in some of the nation’s…
Read MoreDaiwa plans 100 billion yen real estate fund as Japan market booms
[TOKYO] Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan’s booming property market. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings, and fund manager Hillhouse Investment, according to Daiwa’s Masatsugu Oishi. It aims to raise 100 billion yen (S$883 million) via…
Read MoreThe Rangers’ entire offseason will live and die by the salary cap
Regarding the Rangers, who on Tuesday morning made the sage choice to send this year’s 12th pick to Pittsburgh to complete the J.T. Miller deal instead of deferring the transfer to next year. 1. I can tell you with assurance that this does not imply the Blueshirts will use their 2026 first-rounder for an offer…
Read MoreOil trades on fear, not just barrels, as geopolitics and prediction markets take hold
[SINGAPORE] When even Goldman Sachs is tracking crypto-based prediction platform Polymarket to get a read on the risks facing oil markets, you know something’s shifted. On Monday (Jun 23), Goldman Sachs warned that Brent could hit US$110 a barrel if the Strait of Hormuz is blocked, citing Polymarket, showing how even prediction markets with low…
Read MoreFedEx forecasts profits below analysts’ target, shares dive 5% after hours
[LOS ANGELES] FedEx signalled caution ahead with a forecast for the current quarter that was short of the target set by analysts, and shares of the delivery giant dived more than 5 per cent after the bell. The Memphis-based company forecast fiscal first-quarter adjusted profit of US$3.40 to US$4 per share. That was below analysts’…
Read MoreOil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk
[NEW YORK] Oil prices fell 6 per cent on Tuesday (Jun 24) to settle at a two-week low, on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. The ceasefire was on shaky ground with US President Donald Trump accusing both Israel and Iran of…
Read MoreEurope: Stocks hit one-week highs on Middle East ceasefire
[BENGALURU] European stocks soared on Tuesday (Jun 24), buoyed by a ceasefire between Israel and Iran, while a slump in oil prices dragged energy stocks lower. The pan-European Stoxx 600 index rose 1.11 per cent, hitting a one-week high during the session and notching its biggest single-day jump in over a month. While most sectors…
Read MoreStay ready: Best emergency preparedness kits for any disaster
New York Post may be compensated and/or receive an affiliate commission if you click or buy through our links. Featured pricing is subject to change. Not to be a Debbie Downer, but you never think about emergency preparedness kits until you actually need one. With the current heat wave frying the nation and climate change…
Read MoreU2 guitarist The Edge finally becomes Irish citizen after over 60 years: ‘I’m a little tardy’
The Edge is officially an Irish citizen. After living in Ireland for 62 years, the U2 guitarist, 63, became an Irish citizen on Monday. “I guess, you know, I’m a little tardy with the paper work,” The Edge, whose real name is David Howell Evans, joked to reporters during a ceremony for new Irish citizens…
Read MoreWho Is Ribvar Karimi? Iranian Army Sniper and Hezbollah-Linked Terrorist Who Has an American Wife Arrested as Trump Warns of Sleeper Cell Attacks
An Iranian army sniper and a suspected terrorist linked to Hezbollah are among the several illegal migrants living in the US who have been arrested by ICE since Sunday. Ribvar Karimi, who was an Iranian Army sniper from 2018 to 2021, was arrested in rural Alabama, where he had been living with his American wife.…
Read More