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Musk says SpaceX has moved its incorporation to Texas from Delaware
ROCKET company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said on Wednesday (Feb 14) in a post on X. “SpaceX has moved...
Stocks to watch: ThaiBev, Keppel, Kore, Civmec
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 15):Thai Beverage (ThaiBev): The beverage manufacturer posted a 5.9 per cent fall in...
Morgan Stanley to cut several hundred jobs in wealth unit
MORGAN Stanley is planning to eliminate several hundred jobs, the first such move under chief executive officer Ted Pick. The cuts will affect less than 1 per cent of...
Oil falls by more than US$1 a barrel on US crude build, security threat worries
OIL futures sank by US$1 a barrel on Wednesday (Feb 14) as surging United States crude inventories pushed down prices and a possible security threat to the US that...
CICT’s lower DPU, higher gearing since pandemic may have some investors questioning its strategy
AN AWKWARD question came up during the CapitaLand Integrated Commercial Trust (CICT) financial results briefing last week. One analyst pointed out that CICT’s distribution per unit (DPU) of 10.75...
Genetic-testing firm Invitae, backed by SoftBank and Cathie Wood, files for bankruptcy
INVITAE, a genetic-testing company with backers including SoftBank Group and Cathie Wood’s Ark Investment Management, has filed for bankruptcy as the DNA testing industry struggles to regain investor interest...
Nvidia outstrips Alphabet as third largest US company by market value
NVIDIA overtook Google-parent Alphabet’s stock market capitalisation to become the third biggest US company on Wednesday (Feb 14), days before the poster child of AI boom is due to...
Wall St opens higher after selloff as traders reassess rate bets
WALL Street’s main indexes opened higher on Wednesday (Feb 14), recovering from a selloff in the previous session after a hot inflation report clouded the timing for the Federal...
