Posts by Mark Darwin
25 Casino Psychology Tricks
Ever wondered why you lose track of time in a casino or why you keep playing even when you know you should stop? Casinos are masters at using psychology to keep you spending money. From the layout of the rooms to the free drinks, every detail is crafted to make you stay longer and part…
Read MoreGold set for weekly drop; market awaits more US data for economic cues
GOLD prices were poised for a weekly fall on Friday (Dec 20) after the Federal Reserve’s verdict on its monetary policy-easing cycle noted a slowdown in cuts, while market focus shifted to the US Personal Consumption Expenditure (PCE) data due later in the day. Spot gold was flat at US$2,594.59 per ounce, as at 0034…
Read MoreSingapore shares close lower as STI continues to falter, down 1.1 per cent
THE Straits Times Index (STI) continued to falter on Friday (Dec 20), mirroring regional indices. The STI was down 1.1 per cent or 42.95 points to 3,719.93. Across the broader market, decliners outnumbered advancers 308 to 204 after 1.2 billion shares worth S$1.6 billion changed hands. The trio of local banks continued the losing…
Read MoreAs TikTok runs out of options, this billionaire has a plan to save it
EVEN as TikTok faces a looming ban in the US, Chinese parent company ByteDance has made it clear it has no plans to sell the popular video app. Frank McCourt does not seem deterred. A real estate mogul and former owner of the Los Angeles Dodgers, McCourt has emerged as a loud and unexpected suitor…
Read MoreLosses from crypto hacks jump to US$2.2 billion in 2024: report
FUNDS stolen by hacking cryptocurrency platforms surged 21 per cent from a year ago to US$2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday (Dec 19). The hacking amount exceeded US$1 billion for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it…
Read MoreEurope: Stoxx 600 clocks worst day in more than a month after Fed’s hawkish signal
EUROPEAN stocks fell on Thursday (Dec 19), with the benchmark Stoxx recording its biggest single-day drop since early November as investors fled riskier assets after the US Federal Reserve signalled a slower pace of interest rate cuts next year. The pan-European Stoxx 600 index closed 1.5 per cent lower, hitting a three-week low, with all…
Read MoreUS: Wall St jumps at open after selloff on Fed rate cut caution
WALL Street’s main indexes broadly rose at the open on Thursday (Dec 19), a day after the Federal Reserve’s projections of fewer-than-expected interest rate cuts and higher inflation next year wrong footed some investors and pummeled US stocks. The Dow Jones Industrial Average rose 137.3 points, or 0.32 per cent, at the open to 42,464.13. …
Read MoreIReit Global inks lease agreement with second hospitality company in less than a month
EUROPE-focused real estate investment trust IReit Global has signed a 20-year agreement with hospitality operator Stayery, which will be leasing about 10,600 square metres (sq m) of gross floor area at its office property in Berlin. Taking up about 12 per cent of the net lettable space, Stayery will be operating about 255 guest rooms…
Read MoreSaudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO: sources
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial public offering (IPO), according to people familiar with the matter. The port operator owned by the kingdom’s Public Investment Fund (PIF) and Singapore’s PSA International could be listed as early as next year, according…
Read MoreDisappointment over Spotify’s flat year-end wrap is a warning that AI is not everything
Several listeners have taken to social media to complain about how unrelatable and underwhelming this year’s edition was THERE was much excitement over the annual release of users’ listening summaries by music streaming service Spotify at the end of the year. But this quickly fell flat, when it became apparent to users that the information…
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