Posts by Liam Redmond
Intel plans US$15 billion share sale as turnaround rally lifts stock
Tech giant is looking to fund the build-out of its chip contract manufacturing business Published Mon, Aug 10, 2026 · 09:00 PM [SANTA CLARA, California] Intel on Monday (Aug 10) said that it is planning to raise US$15 billion through a share sale, as it looks to fund the costly build-out of its chip contract…
Read MoreSingapore’s sovereign wealth funds are betting big on AI, but the central bank isn’t so sure
Having MAS that worries out loud and two reserve funds that hedge while they buy might be the most sensible set-up available [SINGAPORE] Within three weeks in July, three of Singapore’s most consequential financial institutions delivered very different verdicts on the future. Temasek and GIC, the twin sovereign wealth funds that manage the bulk of…
Read MoreBOJ flags upside price risks and possible faster rate hikes
Published Mon, Aug 10, 2026 · 10:58 AM THE Bank of Japan flagged rising risks of inflation heating up in a summary of opinions from its July meeting, with one board member pointing to the possibility of an acceleration in the pace of interest rate hikes. “Given that underlying CPI inflation has been approaching 2…
Read MoreHKEX offers deeper capital pools to primary, secondary listings from S-E Asia
Bourse positioning HK as complementary fundraising venue, says head of global issuer services Johnson Chui [SINGAPORE] When Indonesian miner Merdeka Gold Resources secured a secondary listing in Hong Kong in June, it underlined the message that the Hong Kong Exchanges and Clearing (HKEX) has been making to South-east Asia – a listing in Hong Kong…
Read MoreAspiring chef Brooklyn Beckham horrifies fans by cooking pasta with seawater: ‘Is this ragebait?’
Brooklyn Beckham is getting ruthlessly roasted for his latest cooking video, in which he boils noodles using water straight from the ocean. The aspiring chef, 27, posted a video on TikTok of him making a tomato pasta dish, and in the beginning of the video, he grabs a large pot and steps into the water.…
Read MoreApple tests China’s CXMT memory chips for iPhones and MacBooks, WSJ reports
Published Sun, Aug 9, 2026 · 08:41 PM [BEIJING] Apple has been testing memory chips from China’s CXMT across product lines including iPhones and MacBooks, to mitigate a component shortage fuelled by the artificial intelligence boom, The Wall Street Journal reported on Sunday (Aug 9). Apple held early talks with CXMT, which is China’s largest…
Read MoreYankees greats can’t fathom how long it’s been since last title — and hope drought ends this year
Mariano Rivera pitched in Saturday’s Old-Timers’ Day in The Bronx. He was also on the mound the last time the Yankees won a World Series. “It’s been hard,’’ Rivera said of the franchise’s World Series drought, which extends back to that 2009 Fall Classic. The Yankees have been stuck at 27 championships ever since. “It’s…
Read MoreIs social media addiction real? Law and science collide in blockbuster federal suit
A blockbuster battle in federal court is set to open in Oakland this month, pitting Silicon Valley against attorneys for the state of California in a $1.4-trillion contest with existential stakes and potentially eye-watering payouts. In true Hollywood fashion, the record-smashing, celebrity-studded legal drama is also a sequel. At the heart of the fight is…
Read MoreLet Lindsey Graham’s ‘sanctions from Hell’ bill be the knockout punch to Russia’s war machine
Three cheers to the Senate for overwhelmingly passing Lindsey Graham’s “sanctions from Hell” bill, which could be the knockout punch against Russia’s staggering economy. The House needs to pass the bill ASAP upon its return at month’s end: With the Pentagon unable to supply more Patriot interceptors, Ukrainian civilians now face a daily deadly pounding…
Read MoreInsider Selling in Focus as Bezos Files to Sell $4B
Jeff Bezos has filed to sell about $4 billion in Amazon stock, disclosing plans to offload roughly 15 million shares just after the company topped a $3 trillion valuation for the first time. The filing landed on August 4, and Amazon shares slipped about 2% the next morning. Insider selling by a famous founder always…
Read MoreData Center Energy: A Teen Dropout’s $1B Nuclear Bet
A nuclear startup founded by a teenager just raised one of the year’s boldest rounds, and it lands squarely on the data center energy crisis. Valar Atomics closed a $1 billion Series B on August 3, led by Sequoia Capital, at a $6 billion valuation. The company wants to mass-produce small reactors that power the…
Read MorePeloton Earnings: First-Ever Profit Holds a Founder Lesson
Peloton closed its 2026 fiscal year with something it had never reported before: a full year of net income. The company shared the milestone in its fiscal 2026 results on August 6, posting $63.2 million in profit for the year that ended June 30. A year earlier, the same business lost $118.9 million, so the…
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