Lifestyle
Real estate directors building up their company stakes
INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to Jun 6, with S$106.8 million of net institutional outflow, as 17 primary-listed companies conducted buybacks...
Virgin Galactic set for final spaceflight before two-year pause
Virgin Galactic is poised on Saturday (Jun 8) for its last spaceflight before heading into a two-year pause on commercial operations to upgrade its fleet, as the company seeks...
KKR, CrowdStrike and GoDaddy to join S&P 500 as index rebalances
KKR & Co, CrowdStrike and GoDaddy will join the S&P 500 as part of its latest quarterly weighting change. The companies will replace Robert Half, Comerica, and Illumina, said...
US: Stocks finish lower after May jobs data
Wall Street stocks finished modestly lower on Friday (Jun 7) following a choppy session after strong US job growth in May further dampened the outlook for imminent interest rate...
GameStop’s sales down on weak store traffic, as company releases results early
GAMESTOP said first-quarter net sales dropped and announced a more than US$3 billion stock offer as it released its quarterly report early, sending the video games retailer’s shares down...
Europe, US fearful of Chinese electric cars, says BYD founder
FOREIGN countries are “afraid” of Chinese electric vehicles, BYD chairman Wang Chuanfu said in a swipe at European and US efforts to constrain imports of China-made cars.
“There are many...
China’s Luckin Coffee is back from the brink and beating Starbucks
AFTER revelations of accounting fraud at coffee chain Luckin Coffee emerged in 2020, many believed it was over for the company seen as China’s answer to Starbucks.Today, Luckin has...
Hertz weighs US$700 million sale of secured debt, convertibles
HERTZ Global Holdings, seeking to bolster its balance sheet after an electric vehicles (EVs) blunder, is considering the sale of at least US$700 million in secured debt as well...
