Leadership
Stocks to watch: Sembcorp, CapitaLand Ascott Trust, Paragon Reit, Lendlease Global Reit, CSE Global, Cordlife
THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 6):Sembcorp Industries: The energy company on Tuesday posted an 11 per cent fall...
Dell cuts workers in sales team reorganisation with new AI-focused unit
DELL Technologies is cutting jobs as part of a reorganisation of its sales teams that includes a new group focused on artificial intelligence (AI) products and services.“We are getting...
Nvidia’s Jensen Huang sold US$323 million of stock in July before decline
NVIDIA’s Jensen Huang continued his summer of selling, offloading a record US$322.7 million worth of shares in July just ahead of a wider tech stock sell-off.Combined with the shares...
US banks tumble as weak economic data sparks recession fears
US BANK stocks slumped on Monday (Aug 5) as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and towards...
US: Wall Street tumbles on growing recession worries
WALL Street’s main indexes tumbled on Monday (Aug 5), as fears of the United States tipping into recession following weak economic data last week rippled through global markets.The Dow...
Magnificent Seven set to shed US$1 trillion in value, led by Apple, Nvidia
APPLE and Nvidia led a sell-off in technology stocks on Monday (Aug 5) as US recession fears and Berkshire Hathaway’s decision to cut its stake in the iPhone maker...
TikTok, bowing to EU, withdraws rewards programme
TIKTOK will permanently remove a feature in a spinoff app in France and Spain that rewards users for watching and liking videos, bowing to pressure from European regulators, the...
China central bank asks some institutions to report daily long-term bond holdings: sources
CHINA’S central bank asked some financial institutions to report daily changes in their long-term treasury bond positions and balances, four people familiar with the matter said on Monday (Aug...
