Fashion
Elon Musk’s xAI lays off 500 people training its Grok chatbot
Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot.The layoffs were earlier reported by Business Insider.The...
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3[NEW YORK] Google-parent Alphabet hit a market capitalisation of US$3 trillion...
SIA Group’s passenger traffic up 5.4% in August
Passenger traffic is at 13.6 billion for the month, compared with 12.9 billion in the corresponding period last year[SINGAPORE] Passenger traffic for the two carriers under the Singapore Airlines...
Fading Labubu frenzy wipes US$13 billion from Pop Mart shares
Despite the slide, the Chinese toymaker is still up more than 180% year-to-date and remains the top performer on the Hang Seng Index[HONG KONG] The cooling frenzy over Labubu...
Gold prices steady near record high ahead of Fed rate decision
The US central bank’s policy meeting this week comes amid challenges, including a legal dispute over its leadership and efforts to confirm US President Donald Trump’s nominee to the...
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Denver-based Yes! manages tens of thousands of factory-built affordable homes in the US[SINGAPORE] Brookfield Asset Management is in talks to acquire Yes! Communities from Singapore’s GIC in a deal...
SGX’s new index needs clear differentiators to avoid being ‘just another index’, say analysts
While it can raise the profile of larger non-STI stocks and attract fund products, analysts call for more clarity on criteria for inclusion[SINGAPORE] A new index due to be...
Politics drive investment divide in South-east Asia’s top markets
POLITICAL upheaval is driving a split in South-east Asia’s financial landscape, as investors bet that the worst may finally be over in Thailand but only just getting started in...
Blockchain billionaire emerges from Figure’s post-IPO surge
[NEW YORK] It took him a few tries, but Mike Cagney is now a billionaire.Shares of blockchain-based lender Figure Technology Solutions have soared almost 40 per cent since Thursday’s...
India tweaks IPO rules to allow easier listing for big firms
[MUMBAI] India’s securities market regulator on Friday (Sep 12) made it easier for very large private companies to go public in one of the world’s top destinations for first-time...
