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Gas giants use AI to raise prices, lawsuit says, another algorithmic hit to the cost of living
A federal lawsuit alleging that gas companies in California are colluding to keep prices high through their use of AI-powered software…
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Hit
News
Hezbollah continues attacks on north Israel after Beirut suburbs hit
Lebanon's Iranian-backed Hezbollah militia has continued its attacks on northern Israel even after Israeli strikes hit the suburbs of…
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How Issa Rae built TikTok’s first micro-drama hit
A brawny bodyguard shoves a bruised man, hands tied behind his back, toward the hood of a black SUV. A pen and a contract lay atop the…
News
Residents flee into streets as Naples hit by 4.4-magnitude earthquake
A powerful earthquake struck the southern Italian city of Naples on Thursday, jolting many from their sleep with violent tremors and…
News
IDF confirms Iranian missile fragments hit near Kirya, multiple cars ablaze in Ramat Gan
According to the Israel Police and the IDF, no injuries or casualties were reported in the military base hit, while additional falls were…
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How the landmark verdict against Meta and YouTube could hit their businesses
A Los Angeles jury dealt a blow to social media giants Meta and YouTube this week when it found that the platforms were negligent for…
News
Iran says projectile hit site of Bushehr nuclear power plant
A projectile has again struck the site of the Bushehr nuclear power plant, Iran reported on Tuesday. The Atomic Energy Organization of…
News
No casualties after Iranian cluster bomb munition hit in central Israel
Additionally, the Israel Fire and Rescue Authority announced that emergency responders were dispatched to the Petah Tikva area to conduct…
Business
National Australia Bank’s shares hit record high on robust first-quarter cash profit
Australia’s top business lender has posted cash earnings of A$2 billion for the quarter ended Dec 31 National Australia Bank’s (NAB)…
Business
Hospitality sector may benefit, with 2026 tourist arrivals forecast to hit 17 million: OCBC Research
Stocks with exposure to hospitality may gain from improved hotel performance, tourist receipts The hospitality sector may be poised to…
Business
European shares hit record high as energy stocks surge; tech, financials stumble
PEAN shares closed at a record high on Wednesday, as gains in commodity-related stocks offset weakness in technology and financials, while…
Business
Stellantis plunges after taking 22 billion euros hit on EVs
The writedowns, which include some 6.5 billion euros in cash payments mainly to compensate suppliers Stellantis shares fell the most on…
Business
Qualcomm, Arm hit by concern that memory shortage is spreading
The historic build-out of AI infrastructure is driving the shortage of memory chips Shares of Qualcomm and Arm Holdings fell steeply after…
Business
US software stocks hit by Anthropic wake-up call on AI disruption
software stocks extended their slide on Wednesday, driven by fears of disruption caused by artificial intelligence, with some analysts…
Business
Singapore’s digital payments set to hit US$113.7 billion by 2030, cementing regional lead
Gen Z and millennial consumers are driving the shift towards cashless transactions in the city-state Digital payments in Singapore are…
Business
Institutions turn net sellers as new share placements hit the market
Net institutional outflow of S$61.6 million has reduced the net inflow for January to S$211 million For the five trading sessions spanning…
Business
Peloton cuts 11% of jobs, with engineering teams getting hit
The fitness technology company joins a slew of other tech companies that have recently slashed their workforces Peloton Interactive, the…
Business
STI could hit as high as 6,500 on extended rally, says JPMorgan, giving its top picks
Small and mid-cap stocks could ‘stage a catch-up rally’ amid ‘strong catalysts’ As the Straits Times Index (STI) nears 5,000 points this…
Business
Indonesia shares hit by second trading halt after MSCI flags transparency concerns
Indonesian equities extended their sell-off on Thursday (Jan 29), triggering a temporary trading halt for the second consecutive day after…
Business
DBS, OCBC, UOB target prices climb as banks hit record highs
Analysts are ratcheting up target prices for local lenders as their shares and the benchmark Straits Times Index (STI) scaled new peaks.…
Business
US stocks: S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers
S&P 500 notched a record closing high and its fifth straight day of gains on Tuesday with a mixed reception to the latest earnings reports…
Business
UOBKH forecasts STI to hit 5,400 by end-2026; bets on EQDP boost, banking giants
The Straits Times Index (STI) may reach 5,400 points by the end of 2026, driven by policy tailwinds and resilient corporate earnings, said…
Business
Why Indonesia’s rupiah hit a record low in January
Indonesia’s rupiah has been under sustained pressure for months as investors grow uneasy about the country’s fiscal outlook and the…
Business
UOB soars over 3% to hit record as OCBC also hits a high; STI jumps 1%
Shares of OCBC Bank and UOB hit record highs on Friday (Jan 23), driving the Straits Times Index (STI) to an all-new peak. UOB shares rose…