HONG KONG, Dec 11 : Stocks slid on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the Federal Reserve cut U.S. interest…
Category: 1. Iran
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Stocks rise, yields and dollar fall after Fed cuts interest rates
NEW YORK: Major stock indexes jumped while US Treasury yields declined on Wednesday (Dec 11) after the Federal Reserve cut interest rates as expected and investors remained hopeful about further cuts ahead, even as the central bank signalled it…
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Winklevoss twins’ Gemini bags US license for prediction markets
Dec 10 : Gemini, the crypto platform founded by billionaire twins Tyler and Cameron Winklevoss, said on Wednesday it had received a license from the Commodity Futures Trading Commission to offer prediction markets to U.S. customers.
Shares of the…
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YouTube TV to roll out genre-based plans, deepens sports streaming bet
(Corrects to remove reference to number of subscribers in paragraph 5)
Dec 10 : YouTube said on Wednesday it will roll out new genre-based subscription plans for YouTube TV in the U.S. early next year, underscoring the platform’s growing clout in…
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Oracle forecasts miss Wall Street targets while spending rises, shares slide 10%
Dec 10 : Oracle forecast sales and profit that missed analyst estimates on Wednesday, while saying that spending would rise by $15 billion compared with earlier estimates – a sign that big capital outlays to chase AI cloud-computing customers is…
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Big Tech warned over AI ‘delusional’ outputs by US attorneys general
WASHINGTON, Dec 10 : Microsoft, Meta, Google and Apple were among the 13 companies that received a warning from a bipartisan group of state attorneys general, according to a letter from the state leaders, who said their chatbots’ “delusional…
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Westpac director survives investor backlash over ASX ties
SYDNEY, Dec 11 : Westpac non-executive director Peter Nash was reelected to the bank’s board on Thursday, surviving a sizeable investor backlash over his ties to the troubled Australian Securities Exchange.
About 40 per cent of investors voted…
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OpenAI warns new models pose ‘high’ cybersecurity risk
Dec 10 : OpenAI on Wednesday warned that its upcoming artificial intelligence models could pose a “high” cybersecurity risk, as their capabilities advance rapidly.
The AI models might either develop working zero-day remote exploits against…
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JD.com’s Jingdong Industrials opens down 7.8% in Hong Kong debut
HONG KONG, Dec 11 : Shares of Jingdong Industrials Inc, a unit of Chinese online retailer JD.com, opened down 7.8 per cent in their Hong Kong Stock Exchange debut on Thursday, after the company raised HK$2.98 billion ($383.08 million) in a…
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Why Tangs and Takashimaya thrive while other Singapore department stores struggle
NOT ALL LOCATIONS ARE EQUAL
Even with favourable business structures, stores must still attract footfall and repeat purchases, said Singapore Management University’s associate professor of marketing education Seshan Ramaswami.
“In retailing, the…
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