Posts by Liam Redmond
Michael Saylor’s Strategy has another loss before accounting shift kicks in
MICHAEL Saylor’s Strategy, the new name announced earlier today for MicroStrategy, had a fourth consecutive quarterly loss as the company registered a US$1 billion impairment charge against its Bitcoin holdings. The Tysons Corner, Virginia-based enterprise software company turned leveraged Bitcoin proxy had a net loss of US$670.8 million, or US$3.03 a share. Revenue from the…
Read MoreSaudi Aramco boosts prices to Asia as Middle Eastern crude soars
SAUDI Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to surging premiums for Middle Eastern crude and improving refinery margins. State producer Saudi Aramco raised the price for its Arab Light oil to Asia for March by US$2.40 a barrel, according…
Read MoreGold firms near record peak as trade war concerns linger
GOLD prices inched higher on Thursday (Feb 6) to hover near an all-time high hit in the last session, as Sino-US tariff war concerns boosted safe-haven demand, while investors awaited the payrolls data for clues about the health of the world’s largest economy. Spot gold was up 0.1 per cent at US$2,867.79 per ounce, as…
Read More‘Rat race mindset’ ruining luxury resort vacations, travelers cry — stressful pre-dawn pool runs to snag coveted chairs now the norm
They need a vacation from this vacation. Staying at a luxury resort nowadays can be anything but relaxing — that’s according to avid travelers and industry insiders, who call competition-beating techniques like pre-dawn trips to snag poolside loungers the new, stressful normal. Speaking to a range of sources, the Wall Street Journal has thrown a…
Read MoreGoogle ends hiring targets tied to diversity
Google is the latest tech company rethinking how it approaches diversity, equity and inclusion in the workplace as businesses face more political pressure from President Trump to roll back these initiatives. The search giant will no longer set hiring goals that are tied to improving representation in the company. The move was first reported by…
Read MoreSingapore shares rise on fading tariff concerns; STI up 0.4%
Across the broader market, gainers beat decliners 352 to 186 as 1.3 billion securities worth S$1.1 billion change hands BUOYED by fading concern about the economic threat posed by US President Donald Trump’s tariffs along with an overnight Wall Street rally, Singapore shares closed higher on Thursday (Feb 6). The Republic’s blue-chip barometer, the Straits…
Read MoreSingapore shares rise as tariff concerns fade; STI up 0.4%
Across the broader market, gainers beat losers 352 to 186, after 1.3 billion securities worth S$1.1 billion change hands BUOYED by fading concerns about the economic threat posed by US President Donald Trump’s tariffs along with an overnight Wall Street rally, Singapore shares closed higher on Thursday (Feb 6). The benchmark Straits Times Index (STI)…
Read MoreUS Federal Reserve releases its Wall Street bank stress-test plans
THE US Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of big banks and ensure they can keep lending even in a severe recession. This year, 22 banks will be tested against a global recession with heightened stress in both commercial and residential real estate markets, in…
Read MoreTransgender ‘recognition’ in Bangladesh, Kosovo, Guatemala — how one USAID employee shows what’s wrong with the embattled agency
In the annals of asinine USAID funding now bursting into public view under Trump administration scrutiny, the $50-billion-a-year United States Agency for International Development’s efforts to make the world safe for Queerocracy ring particularly perverse. For a window into these most colorful of efforts, consider the cool million bucks you the taxpayer committed in an…
Read MoreGoogle introduces new class of cheap AI models as cost concerns intensify
The tech giant offers several versions of Gemini that vary in price and performance ALPHABET’S Google on Wednesday (Feb 5) announced updates to its Gemini family of large language models, including a new product line with competitive pricing to low-cost artificial intelligence (AI) models such as that of Chinese rival DeepSeek. The tech giant offers…
Read MoreCapitaLand China Trust’s H2 DPU falls 12% to S$0.0264
THE manager of CapitaLand China Trust (CLCT) on Thursday (Feb 6) posted a 12 per cent decline in distribution per unit (DPU) to S$0.0264 for the second half ended Dec 31, from S$0.03 in the year-ago period. This brings total DPU for FY2024 to S$0.0565, down 16.2 per cent year on year from S$0.0674, and…
Read MoreSonos cuts 12% of workers in bid to improve product organisation
Sonos said it’s cutting about 12 per cent of its staff, or 200 workers, in a bid to make its product teams “flatter, smaller and more focused”. Santa Barbara, California-based Sonos, maker of high-end speakers and audio equipment, announced the cuts on Wednesday (Feb 5) in a companywide call, saying that employees will be informed…
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