Real Estate
Influencers’ go-to digital retailer finds actual stores are key
REVOLVE Group, a popular fashion hub among young influencer-obsessed shoppers during the pandemic, is seeing its shares tumble as sales dry up. So, in an attempt to juice the...
Fed officials likely to push back against half-point rate cut
A WEAK July jobs report has fuelled fears the Federal Reserve has already waited too long to lower interest rates, but policymakers are unlikely to respond with a jumbo-sized...
Meta is offering Hollywood stars millions for AI voice projects
META Platforms is offering Hollywood celebrities millions of US dollars for the right to record and use their voices for artificial intelligence (AI) projects, according to several sources familiar...
Hedge fund investor appetite hit by high fees and private credit, says Goldman Sachs
GLOBAL investor appetite for the most expensive multi-strategy hedge funds has fallen, Goldman Sachs said in a report to clients seen by Reuters on Friday (Aug 2), though more...
Chevron reports Q2 earnings miss on weak refining margins
CHEVRON reported second-quarter earnings on Friday (Aug 2) that missed Wall Street estimates due to industry-wide pressure from lower refining margins and natural gas prices, sending its shares down...
Ringgit on best run in 14 years as Malaysia’s outlook brightens
THE ringgit is set for its longest winning streak in 14 years on optimism surrounding Malaysia’s economy and foreign fund inflows.
The local currency rose 1.6 per cent against the...
Nintendo Switch sales halve and profit tumbles as successor device awaited
JAPAN’S Nintendo said sales of its aging Switch console almost halved in the April-to-June first quarter and profit slumped, falling far short of estimates.The gaming giant sold just 2.1...
OCBC looks to balance net interest income growth with NIM impact ahead of interest rate cuts
The bank’s Q2 net profit rises 14% to S$1.94 billion; the earnings are the second-strongest on recordAHEAD of cuts to US interest rates, OCBC has noted the need to...
