Posts by Stephanie Irvin
Salesforce’s third-quarter revenue beats on strong cloud demand
SALESFORCE beat Wall Street estimates for third-quarter revenue on Tuesday (Dec 3) and raised the lower end of its annual revenue forecast, helped by robust spending on its enterprise cloud portfolio, sending its shares up 7 per cent in extended trading. Client spending on Salesforce’s software products and data cloud has remained healthy as companies…
Read MoreUS: Wall St opens slightly lower ahead of data, Fed commentary
WALL Street opened a touch lower on Tuesday (Dec 3) after the S&P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials. The Dow Jones Industrial Average fell 12.4 points, or 0.03…
Read MoreTesla China shipments fall again amid hopes for bumper quarter
DELIVERIES from Tesla’s Shanghai factory fell for a second month in November, despite an increase in subsidies from the Chinese government aimed at enticing more consumers to buy an electric car. Elon Musk’s electric vehicle maker shipped 78,856 units last month, down 4.3 per cent year on year, preliminary data released on Tuesday (Dec 3)…
Read MoreChina curbs exports of key chipmaking components to US
BEIJING said on Tuesday (Dec 3) it would restrict exports to the United States of some key components in making semiconductors, after Washington announced curbs targeting China’s ability to make advanced chips. Among the materials banned from export are metals gallium, antimony and germanium, Beijing’s commerce ministry said in a statement that cited “national security”…
Read MoreJapan’s Nikkei hits three-week closing high in widespread rally
Japan’s Nikkei share average hit a three-week closing high on Tuesday (Dec 3) as heavyweight chip stocks led a broad rally on the back of Wall Street’s strong overnight finish. The Nikkei closed up 1.9 per cent at 39,248.86 after rallying more than 2 per cent during trade. The broader Topix finished 1.4 per cent…
Read MoreA*Star, thermal management company KoolLogix unveil S$8 million joint lab
It will focus on developing and testing heat removal technologies for data centres that are driven by AI and graphic processing units THE Agency for Science, Technology and Research (A*Star) and data centre thermal management company KoolLogix on Tuesday (Dec 3) launched a joint lab to develop cooling solutions for data centres. The Toa Payoh…
Read MoreFirst Billionaire: Complete Timeline
John D. Rockefeller was a key figure in American history, known for being the first billionaire. His journey from a humble background to immense wealth is fascinating. This article explores his life, business strategies, challenges, and lasting impact on society. We will answer the question, ‘who was the first billionaire?’ and highlight important lessons from…
Read MoreChina needs new clean tech investments after wind and solar boom
CHINA needs to boost investment in a new generation of clean energy technology including storage, hydrogen and sustainable aviation fuel, according to executives speaking at the BloombergNEF Summit in Shanghai. Huge funding for renewables and electric vehicles has already put the country on the cusp of peaking emissions years before its own 2030 target. But…
Read MoreAirlines not switching quickly enough to green jet fuel: study
MOST of the world’s airlines are not doing enough to switch to sustainable jet fuel, according to a study by Brussels-based advocacy group Transport and Environment, which also found too little investment by oil producers in the transition. The comments come as the airline sector calls for more production of the fuel, which can be…
Read MoreChina’s yuan falls to one-year low on weak growth, tariff risk
THE yuan fell to the lowest level in about a year versus the greenback, as traders added bearish wagers on lacklustre China growth amid risks of higher US tariffs. The onshore yuan fell as much as 0.3 per cent to 7.2970 per US dollar, the weakest level since November 2023. The Bloomberg Dollar Spot Index…
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