Business
Gold falls as strong US jobs data dims rate-cut prospects
Traders now see nearly a 39% chance for a Fed rate cut next month, down from 60% earlier this month Gold prices slipped on Friday (Nov 21)…
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Jobs
Business
Verizon cutting more than 13,000 jobs as it restructures
US wireless carrier Verizon on Thursday (Nov 20) said that it will cut more than 13,000 jobs in its largest single layoff as it works to…
Business
Europe: Shares advance on Nvidia results lift; investors assess US jobs data
European shares closed higher on Thursday (Nov 20) after artificial intelligence (AI) bellwether Nvidia’s results quelled concerns around…
Business
US: Wall Street opens sharply higher after Nvidia earnings, jobs data
Wall Street’s main indexes jumped at the open on Thursday (Nov 20) as technology stocks received a boost after Nvidia’s stellar results…
Business
Gold steady as focus turns to Fed minutes, US jobs report
Gold prices were steady on Wednesday (Nov 19), as investors awaited minutes from the US Federal Reserve’s latest policy meeting and US…
Business
Asia: Markets track Wall Street down with Nvidia, US jobs in view
Asian stocks sank on Tuesday, tracking more losses on Wall Street as investors grow increasingly worried about frothy tech valuations,…
Business
US: Wall Street indexes fall sharply; investors brace for jobs data, Nvidia results
US stocks ended down sharply on Monday, with the S&P 500 and Nasdaq closing below a key technical indicator for the first time since…
Business
UK unemployment at its highest since pandemic as jobs market cools
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before UK unemployment rose…
Business
Asia: Markets drop as valuations and US jobs, rates spook investors
ASIAN stocks tracked Wall Street losses on Friday as investors weighed weak US jobs data against Federal Reserve signals suggesting no…
Business
Asia: Markets bounce from selloff as US jobs beat forecasts
ASIAN markets rose on Thursday to claw back some of the previous day’s hefty losses as investors tracked a bounce on Wall Street sparked…
Business
Gold edges lower as US jobs data dents rate-cut expectations
Bullion hit a record high of US$4,381.21 on Oct 20, but it has fallen close to 10% since Gold dipped on Thursday (Nov 6) after…
Business
Gold edges up on bargain-hunting as market awaits US jobs data
Bullion hit a record high of US$4,381.21 on Oct 20, but has fallen close to 10% since then. Gold prices edged higher on Wednesday (Nov 5)…
Business
IBM to cut thousands of jobs in fourth quarter amid software focus
IBM will cut roles this quarter, the company said on Tuesday (Nov 4), potentially impacting thousands of employees while it shifts focus…
Business
Japanese semicon photomask maker Tekscend breaks ground on new Singapore plant, set to create 60 jobs
New plant will be fully operation end-2026 or early 2027; aims to serve customers in Singapore, Malaysia and India Tekscend Photomask…
Business
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30)…
Business
GM to cut over 1,200 jobs at EV plant
General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars,…
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Hundreds of air traffic controllers take second jobs as US shutdown continues
Hundreds of US air traffic controllers have taken second jobs after missing their first full paychecks due to the government shutdown,…
Business
Paramount to ax 1,000 jobs Wednesday in first round of cuts
Paramount Skydance will begin a major round of layoffs with 1,000 job cuts on Wednesday (Oct 29), according to a source familiar with the…
Business
Paramount to axe 1,000 jobs Wednesday in first round of cuts
Paramount Skydance will begin a major round of layoffs with 1,000 job cuts on Wednesday (Oct 29), according to a source familiar with the…
Business
Amazon to cut 14,000 jobs across corporate workforce
The tenure of Amazon’s CEO Andy Jassy has been punctuated by job cuts and the shuttering of various projects Amazon.com said it was…
Business
Jurong Island’s ‘balancing act’: Going green while sustaining jobs and growth
The petrochemical hub’s transition comes amid the oil down-cycle and a looming carbon tax hike As Singapore’s Jurong Island embarks on a…
Business
RBA braces for policy test as disinflation fades, jobs at risk
Just as Australia’s central bank was on track to meet its inflation and employment mandate, fresh data may suggest emerging headwinds that…
Business
Target to Slash 1,800 Corporate Jobs
Target is eliminating approximately 1,800 corporate positions, laying off 1,000 employees and not filling about 800 vacant positions. The…
Business
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the…