Business
US banks cut back muni exposure to lowest since financial crisis
US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and…
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Business
Business
Calvin Klein Unveils New Global Flagship in Tokyo
Calvin Klein Inc., a subsidiary of PVH Corp., will open a new, sprawling Calvin Klein global flagship in Tokyo on Aug. 29. Located at…
Business
Fed minutes show majority of FOMC saw inflation as greater risk
Most US Federal Reserve officials highlighted the risk to inflation as outweighing concerns over the labour market at their meeting last…
Business
Europe: Stoxx 600 closes higher but gains limited by tech, defence
EUROPE’S Stoxx 600 closed higher on Wednesday boosted by consumer and healthcare stocks, while declines in tech and defence stocks limited…
Business
US: Wall Street mostly down as tech still under pressure
stocks closed mostly lower on Wednesday as the tech sector remained under pressure while investors kept an eye on retail earnings and…
Business
Trump and Melania’s Scammy Meme Coins Have Lost Almost All Value
You may recall that the president has a meme coin, $TRUMP. Days before his second inauguration, the president—who told Fox News in his…
Business
Target’s CEO Transition: The Wall Street View
Wall Street is of two minds regarding Target and its chief executive officer in-waiting. While not exactly applauding Target’s choice of…
Business
Hilton Als’s Essential James Baldwin
A hundred and one years after James Baldwin’s birth, the writer has become as much an icon as a public intellectual can be—a status that,…
Business
Who Is Sachia Vickery? US Open Star Rakes in Millions Selling Her Steamy Photos on OnlyFans and Charges $1,000 for Going on Dates
American tennis player Sachia Vickery is trying to qualify for the US Open this week, where the winner will take home an impressive $5…
Business
Global Stocks Turn Cautious as Nasdaq Slides, Nikkei Declines, and Fed Outlook Weighs on Markets
Global markets were mixed Wednesday. Stocks Big tech shares sank on Wall Street, dragging the Nasdaq and S&P 500 lower, even as the Dow…
Business
Guess to go private in US$1.4 billion deal with Authentic Brands, co-founders and CEO
Guess said on Wednesday (Aug 20) it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic…
Business
Beng Kuang expands into chemical cleaning in oil and gas industry
Beng Kuang Marine has formed a new business for specialised industrial chemical cleaning, the company said in a bourse filing on Wednesday…
Business
US: Wall St subdued at open on mixed retail earnings ahead of Fed meet
Wall Street’s main indexes were subdued at the open on Wednesday (Aug 20) as investors assessed uneven earnings from retailers such as…
Business
Children of Wing Tai chairman granted options to buy four River Green units for S$7.9 million
Neither of the two children were given discounts; sale reviewed by the board and audit and risk committee Wing Tai Holdings has granted…
Business
Sats grows Q1 profit 9.1% to S$70.9 million with higher cargo, food service volumes
AIRLINE caterer Sats grew its Q1 earnings 9.1 per cent to S$70.9 million for the first quarter ended June, boosted by growth in aviation…
Business
Intel rescue will depend on Trump as investor — and pitchman
A US government plan to take a stake in Intel would give the ailing chipmaker a powerful backer, even if a bigger challenge still lies…
Business
Estee Lauder forecasts annual profit below estimates as tariffs hit
Estee’s organic net sales for the fourth quarter fell 13%, compared with an 8% rise a year ago Estee Lauder forecast annual profit below…
Business
Buffett effect still holds as UnitedHealth soars through August
The Warren Buffett effect is proving true once again, spurring UnitedHealth Group’s reversal this month and giving the Dow Jones…
Business
Estée Lauder’s Sales Decline in Fourth Quarter, Tariffs to Impact Profitability by $100 Million Next Year
The Estée Lauder Cos. saw net sales slide 12 percent in its fourth quarter and the company expects tariff-related headwinds to impact…
Business
Baidu’s revenue dips ahead of intensifying Chinese AI contest
Baidu’s revenue fell, hurt by an economic downturn that’s capping its ability to fight bigger rivals in AI and make inroads in new growth…
Business
STI rises 0.1% despite US big tech sell-off
Across the broader market, gainers beat losers 277 to 256, with 1.48 billion securities worth S$1.49 billion changing hands Equities in…
Business
UOB partners edtech player to teach digital skills to 90,000 Indonesian students
UOB has partnered with Indonesian edtech platform Ruangguru to give 90,000 students in the archipelago access to digital learning tools…
Business
Nexstar to buy Tegna for US$3.5 billion in bet on FCC reforms
Nexstar Media Group agreed to buy TV station operator Tegna for US$3.5 billion in a deal that stands to dramatically expand Nexstar’s…
Business
India's Tata Motors returns to South African car market after six years
India’s Tata Motors returned to South Africa’s passenger vehicles market after a six-year absence, launching three ranges of SUVs and an…