Posts by Liam Redmond
Meta accounting move on AI servers to boost profit this year
META Platforms made a small change last month that’s likely to increase the company’s profit by billions of US dollars this year. It was not the release of a new product or cost cuts. It was a tweak to an accounting formula used to measure the depreciation of its expensive artificial intelligence (AI) infrastructure. …
Read MoreCisco raises annual revenue forecast as AI boom boosts networking gear demand
CISCO Systems raised its annual revenue forecast on Wednesday (Feb 12), betting on higher demand for its cloud networking gear amid an artificial intelligence (AI) boom, sending its shares up nearly 7 per cent in extended trading. Corporate customers have been investing heavily to build their AI infrastructure, boosting demand for data centres, which use…
Read MoreApple brings TV+ to Android phones in bid to boost subscribers
The move marks the rare occasion when Apple is offering services on Google’s Android, its biggest competitor in smartphone software APPLE expanded the TV+ video service to Android phones for the first time, a move aimed at boosting its streaming subscribers. On Wednesday (Feb 12), the TV+ app became available via the Google Play Store…
Read MoreThe perverse reasons Hamas and Iran are happy for the cease-fire to collapse and war in Gaza to resume
The fragile cease-fire that stopped 15 months of war in the Gaza Strip looks increasingly likely to end at noon on Saturday after just 27 days. President Trump and Israeli Prime Minister Benjamin Netanyahu have said intense fighting would resume in the war-torn enclave unless Hamas releases all hostages in Gaza by that deadline. Currently,…
Read MoreChevron to lay off up to 20% of global workforce
CHEVRON will lay off 15 to 20 per cent of its global workforce by the end of 2026, the US oil company said on Wednesday (Feb 12) as it seeks to cut costs, simplify its business, and complete a major acquisition. The No 2 US oil producer has faced production challenges including cost overruns and…
Read MoreWhy ‘Westworld’ star Ben Barnes turned to music — after years of playing ‘manipulative liars’ onscreen
He’s entering his second act. Actor Ben Barnes, who has been a Hollywood staple for decades in shows like “Westworld,” “The Punisher,” “Shadow and Bone,” and movies like “The Chronicles of Narnia,” has released his debut album, called “Where The Light Gets In” (now available). His music video for his song “One Minute More” feat.…
Read MoreEurope: Shares end at record peak on earnings boost; tariffs eyed
EUROPEAN shares eked out an all-time high on Wednesday (Feb 12), as investors cheered earnings reports from Heineken and ABN AMRO, although some caution around US inflation data and trade policies prevailed. The pan-European Stoxx 600 index settled a choppy session up 0.1 per cent, with Germany’s benchmark also at a record peak. European…
Read MoreUS: Dow, S&P 500 fall on higher inflation data
WALL Street stocks mostly fell on Wednesday (Feb 12) following US inflation data that further clouded the prospects for additional Federal Reserve interest rate cuts. The consumer price index rose to 3 per cent in January from a year ago, above the 2.8 per cent projected by economists, raising questions about whether the Fed’s progress…
Read MoreThe ‘opinionated’ blondes of the VIP List are infuriating NYC restaurants with savage TikTok reviews
These VIPs aren’t afraid of getting blacklisted. Best friends Maeghan Radice, 26, and Audrey Jongens, 26, are behind the TikTok account @TheVIPList — which has notched nearly half a million followers thanks to their brash, sometimes controversial reviews of primarily New York restaurants. Some are so fiery, they’ve gotten the duo banned by reservation booking services.…
Read MoreSorry, T-bills. It’s time now to look elsewhere for yields
INTEREST in Singapore’s Treasury bills (T-bills) surged over the past two years, as rising interest rates elevated demand for yield and stable returns. T-bills also found favour as investors sought the safety of the government-backed, fixed-income instrument – which carry little to no default risk – amid heightened global macroeconomic uncertainty. But with yields gradually…
Read MoreSorry, T-bills. It’s time to look elsewhere for yields
INTEREST in Singapore’s Treasury bills (T-bills) surged over the past two years, as rising interest rates elevated demand for yield and stable returns. T-bills also found favour as investors sought the safety of the government-backed, fixed-income instrument – which carry little to no default risk – amid heightened global macroeconomic uncertainty. But with yields gradually…
Read MoreTravel influencer parents called out over ‘unsafe’ makeshift baby carrier during risky adventure tour
Nobody puts baby in a corner — or a plastic tub, apparently. A globetrotting pair of Norwegian travel influencer parents left their followers divided after posting footage from an tour of underwater caves in Thailand — showing them toting an infant along in a storage bin. “I was a bit scared before we started, I must…
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