Posts by Liam Redmond
The weirdest things Powerball and lottery winners have bought — from family boob jobs to a pro wrestling league
The odds aren’t good — but these goods are odd! Saturday night’s electrifying $1.7 billion Powerball jackpot might make you daydream about blowing a lot of cash on a ritzier life — but past big winners prove that the reality of winning big has lead to a lot of low-brow, wacky and tacky purchases. From…
Read MoreGoogle hit with 2.95-billion-euro EU antitrust fine over adtech practices
[BRUSSELS] Alphabet’s Google was hit with a 2.95-billion-euro (S$4.4 billion) EU antitrust fine on Friday (Sep 5) for anti-competitive practices in its lucrative adtech business, marking its fourth penalty in its decade long fight with EU competition regulators. The move by the European Commission was triggered by a complaint from the European Publishers Council…
Read MoreLululemon’s woes mount on weak demand, Trump trade policies
[Vancouver] Lululemon Athletica’s rough year continued as the once fast-growing apparel chain slashed its outlook on weakening demand and the Trump administration’s tougher trade policies. The retailer’s shares tumbled 20 per cent at the open of Friday (Sep 5) trading, deepening a decline this year that had already erased US$22 billion in market value. The…
Read MoreTesla offers unprecedented US$1 trillion pay package to Musk
[WASHINGTON] Tesla proposed a new compensation agreement for chief executive officer Elon Musk potentially worth around US$1 trillion, a massive package without precedent in corporate America. The long-awaited proposal, designed to incentivise Musk to lead Tesla for years to come, sets a series of ambitious benchmarks he must meet to earn the full payout, including…
Read MoreThe New Yorker trashed for inviting ‘pro-9/11 radical’ who called Israelis ‘inbred’ to speak at festival
The New Yorker magazine is being ripped for inviting controversial lefty influencer Hasan Piker to headline an upcoming event — despite his vile history of calling Israelis “inbred” and that America “deserved 9/11.” Piker, a popular left-wing Twitch streamer, is slated to participate in a New Yorker Festival roundtable event — titled the “New Political…
Read MoreSGX moves to ease ETF market-maker rules, match global norms
The move follows measures by the Republic in February to enhance its equities market Published Fri, Sep 5, 2025 · 07:12 PM [SINGAPORE] The Singapore Exchange (SGX) on Friday (Sep 5) said its regulatory arm plans to streamline the requirements of designated market-makers (DMMs) for exchange-traded funds (ETFs), aiming to align with global market standards.…
Read MoreDOJ sues California utility, alleging equipment sparked destructive Eaton Fire that killed 17 people
The federal government filed two lawsuits Thursday against Southern California Edison, alleging the utility’s equipment sparked fires including January’s Eaton Fire in the Los Angeles area, which destroyed more than 9,400 structures and killed 17 people. “The lawsuits filed today allege a troubling pattern of negligence resulting in death, destruction, and tens of millions of…
Read MoreCiti expects global digital asset trades to hit US$2 trillion a day; DBS sees volume surge in H1
[SINGAPORE] In a white paper released this week, Citi projected that in five years, the world will see US$2 trillion of digital assets held or traded in a single day. The figure, which excludes equities, will mark a liquidity jump of about 20 to 30 times from today. Citi’s fifth edition of its Securities Services…
Read More‘Grateful’ Kelly Clarkson shares emotional message after ex-husband Brandon Blackstock’s death
Kelly Clarkson has broken her social media silence nearly one month after the death of her ex-husband, Brandon Blackstock. The “Because of You” singer marked the anniversary of her 2002 “American Idol” win with a commemorative post on Thursday via Instagram, sharing a throwback photo from the Season 1 finale episode. “To everyone that took…
Read MoreLululemon says closure of de minimis hole will crush margin
Published Fri, Sep 5, 2025 · 07:33 AM LULULEMON Athletica says the end of the de minimis exemption will hurt its gross margin more than tariffs. The yogawear retailer, which has been struggling to keep sales momentum up, warned on Thursday that it would take a US$240 million hit this year from President Donald Trump’s…
Read MoreTech executives, but not Elon Musk, to attend Trump’s Rose Garden dinner
President Trump is scheduled to dine with tech executives from Apple, Meta, Google and OpenAI on Thursday night at a White House event in the newly renovated Rose Garden. The gathering is the latest example of how the world’s most powerful tech leaders are forging stronger ties with Trump’s second administration. There’s one high-profile tech…
Read MoreGoldman Sachs says gold could hit $5K as fears grow over Federal Reserve’s independence
Wall Street giant Goldman Sachs predicted that gold prices could soar to the $5,000 mark on fears that President Trump is trying to clamp down on the Federal Reserve’s independence. The precious metal has rallied 35% this year to more than $3,500 per troy ounce, making it one of the world’s best-performing major assets. Gold…
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