US: Wall St rebounds after last week’s selloff

US: Wall St rebounds after last week’s selloff

Wall Street’s main indexes opened higher on Monday (Feb 24), rebounding from a sharp selloff in the previous week, while Apple edged up in choppy trading after the iPhone maker announced a US$500 billion investment plan. The Dow Jones Industrial Average rose 65.1 points, or 0.15 per cent, at the open to 43,493.12. The S&P…

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Sean ‘Diddy’ Combs wants evidence suppressed — accusing feds of lying to get search warrants

Sean ‘Diddy’ Combs wants evidence suppressed — accusing feds of lying to get search warrants

Sean “Diddy” Combs’ lawyers are pushing to have some evidence obtained during raids on his homes in Los Angeles and Miami suppressed, accusing the feds of lying to obtain the search warrants, new court filings show. The 55-year-old disgraced music mogul’s defense team alleges authorities made “false statements and omitted critical exculpatory evidence” when it…

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Apple plans Texas factory for AI servers, 20,000 research jobs

Apple plans Texas factory for AI servers, 20,000 research jobs

APPLE on Monday (Feb 24) said it plans to help bring online a quarter-million-square-foot factory in Texas by 2026 to build artificial intelligence servers and will add about 20,000 research and development jobs across the US Apple said that it plans to spend US$500 billion in the US over the next four years, though that…

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Adani plans 1.1 trillion rupees of new investments in India growth push

Adani plans 1.1 trillion rupees of new investments in India growth push

Billionaire Gautam Adani said his group is planning more than 1.1 trillion rupees (S$17 billion) of new investments in India, signalling the conglomerate’s focus on growing in its home market while fighting corruption charges in the US. This will fund projects ranging from pumped storage to cement and mining to smart-metres and thermal energy, Adani…

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NYC’s notorious Roosevelt Hotel shelter will be migrant-free in coming months, Mayor Eric Adams says

NYC’s notorious Roosevelt Hotel shelter will be migrant-free in coming months, Mayor Eric Adams says

The notorious Roosevelt Hotel migrant shelter in Manhattan is expected to close down operations in the coming months, Mayor Eric Adams announced Monday as the number of asylum seekers in the city’s care continues to drop since President Trump took office. Adams, a Democrat, called the impending closure of the centralized intake center and emergency…

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Chinese firms dump Europe for Hong Kong to raise funds

Chinese firms dump Europe for Hong Kong to raise funds

CHINESE companies that once pursued additional listings in Europe are abandoning those plans after Beijing’s securities regulator tightened some rules, pushing many issuers to sell shares in Hong Kong instead. Take Contemporary Amperex Technology Co Ltd (CATL). The car-battery giant considered selling at least US$5 billion of global depositary receipts in Switzerland, people familiar with…

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