Posts by Stephanie Irvin
US: S&P, Nasdaq hit new highs after ‘Goldilocks’ US jobs report
THE Nasdaq and the S&P hit fresh records on Friday (Dec 6) after the November US jobs report came in better than expected, with the Dow edging down. The world’s biggest economy gained 227,000 jobs in November, up from a revised 36,000 in October, according to the Department of Labor. “It’s kind of being viewed…
Read MoreS&P 500 Rebalance Dates: What to Know
The S&P 500 index is a key measure of the U.S. stock market, and understanding its rebalance dates is important for investors. These dates dictate when the index is updated, affecting how companies are represented and how investors might adjust their portfolios. This article explores the S&P 500 rebalance dates, their impact on the market,…
Read MoreTop 20 Education Stocks to Watch
Investing in education stocks can be a smart move as the sector continues to grow and evolve. With the rise of online learning and technology in education, many companies are poised for success. This article highlights the top 20 education stocks to watch, providing insights into their potential and market position. Whether you’re a seasoned…
Read MoreCapitaLand China Trust manager names Gerry Chan as CEO
He will also join the executive committee as an executive non-independent director THE manager of CapitaLand China Trust (CLCT) has appointed Gerry Chan as its CEO and an executive non-independent director with effect from Jan 1, 2025. The 48-year-old was appointed as deputy CEO on Sep 1. In a bourse filing on Friday (Dec 6),…
Read MoreTemasek unveils S$10 billion private credit entity
SINGAPORE’S state investment company Temasek said on Friday (Dec 6) that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion, consisting of direct investments and credit funds. Institutional global investors in recent years have been ramping up activity in the booming private credit market. Private credit, or…
Read MoreTemasek initiates wholly owned private credit platform of about S$10 billion
It will be led by Nicolas Debetencourt, head of credit and hybrid solutions at Temasek SINGAPORE investment company Temasek announced on Friday (Dec 6) the formation of a wholly owned private credit platform, where its initial portfolio will amount to about S$10 billion, consisting of direct investments and credit funds. Temasek indicated that the portfolio…
Read MoreNasa delays first moon landing in more than 50 years to 2027
NASA is delaying its first moon landing in more than 50 years by several months to 2027, as engineers at the agency race to fix critical safety issues with the hardware and adjust plans needed for future flights. Agency officials also told reporters on Thursday (Dec 5) that they were delaying a precursor mission called…
Read MoreAmazon successfully tests using delivery drones in Italy
AMAZON said on Thursday (Dec 5) it had successfully completed an initial test of using delivery drones in Italy, the first European country where the e-commerce giant plans to introduce the service. The test was carried out on Wednesday in San Salvo, a town in the central Abruzzo region. “The company continues to work with…
Read MoreRHB says Suntec Reit unitholders should reject S$1.16 offer, sees positives for the Reit
Offer price is a 44% discount to the Reit’s net asset value, says the research house RHB has recommended unitholders of Suntec Real Estate Investment Trust (Reit) to reject the mandatory conditional cash offer for its units. Property tycoon Gordon Tang and his wife Celine on Thursday (Dec 5) launched an offer to acquire all…
Read MoreSingapore shares open lower on Friday; STI falls 0.4%
SINGAPORE shares opened in the red on Friday (Dec 6) , mirroring declines in the broader Asian region. The benchmark Straits Times Index (STI) fell 14.78 points, or 0.4 per cent, to 3,807.9 as of 9.03 am. Across the broader market, losers outnumbered gainers 56 to 55, with 54.3 million securities worth S$88.2 million changing hands.…
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