Posts by Liam Redmond
‘No reasons to own’: Software stocks sink on fear of new AI tool
Sell-off has exacerbated an already yawning gap between the performance of software companies and other areas of the tech sector THE new year was supposed to bring opportunities for beaten-down software stocks. Instead, the group is off to its worst start in years. The release of a new artificial intelligence (AI) tool from startup Anthropic…
Read MoreLocated in Plentong, the 7,500 square store is the company’s third retail outlet in Malaysia
Situated in Plentong, the 7,500 sq ft store is the company’s third retail location in Malaysia [JOHOR BAHRU] Automotive accessory and tyre company Stamford Tyres opened its first retail location in Johor Bahru on Saturday (Jan 17). Named the Plentong Johor Flagship Outlet and located at 2 Jalan Mutiara 1, in Plentong Industrial Park, it…
Read MoreJPMorgan confirms Trump assertion that bank CEO Dimon was not offered Fed chair job
[WASHINGTON] JPMorgan CEO Jamie Dimon on Saturday (Jan 17) confirmed he was not asked to be Federal Reserve chair, hours after US President Donald Trump disputed a report saying he offered Dimon the role. Earlier this week, The Wall Street Journal reported Trump offered to nominate Dimon for Fed chair, although the news outlet added…
Read MoreInternational oil companies push for quick reforms in Venezuela to give them control over oil exports
The companies are also seeking to remove extra taxes introduced by the government [HOUSTON] Oil executives and lawyers for international oil companies are lobbying the US and Venezuelan governments for changes in the Opec member’s hydrocarbon law that would give them the right to freely export the oil they produce in Venezuela, sources involved in…
Read MoreComfortDelGro self-driving vehicle collides with road divider during road test
[SINGAPORE] An autonomous vehicle operated by ComfortDelGro (CDG) collided with a road divider while undergoing a road test in Punggol on Saturday (Jan 17). In response to queries from The Straits Times, CDG said that at around 3.10pm on Jan 17, one of its autonomous vehicles, which was undergoing routine mapping and familiarisation, was involved…
Read MoreLutnick warns some South Korean, Taiwanese firms may face 100% chip tariffs unless they invest in US
[NEW YORK] US Commerce Secretary Howard Lutnick said South Korean memory chipmakers and Taiwanese companies that are not investing in the US may face up to 100 per cent tariffs unless they commit to increased production on American soil, as the Trump administration ramps up calls for additional foreign investment. Following a groundbreaking ceremony for…
Read MoreChina’s new tech stock boom leaves its economic malaise behind
Momentum may gain further support as DeepSeek rolls out a new AI model and China unveils a tech-focused five-year plan [BEIJING] Nearly a year after DeepSeek’s artificial intelligence (AI) breakthrough rattled global markets, China is entering 2026 with a fresh wave of technological advances that are powering a stock rally, even as its economy remains…
Read MoreBlackRock’s Rick Rieder bid for Fed chair is gaining traction
[WASHINGTON] The candidacy of BlackRock’s Rick Rieder to be the next Federal Reserve chair has gained late momentum, people familiar with the matter say, as President Donald Trump weighs congressional blowback in his bid to put a friendlier face at the head of the central bank. Trump’s interview on Jan 15 with Rieder went well,…
Read MoreNet institutional inflow continues; QAF, XMH, JEP directors raise their stakes
[SINGAPORE] For the five trading sessions spanning Jan 9 to 15, institutions were net buyers of Singapore stocks, with net institutional inflow of S$208 million. This extended the S$63 million in net inflow for the preceding five sessions. Stocks that had the highest net institutional inflow included OCBC , Hongkong Land , ST Engineering ,…
Read MoreUtah restaurateur claims Tyler Robinson stopped in after Charlie Kirk killing — reveals what the alleged assassin ordered
A Utah business owner says Tyler Robinson ate at his restaurant hours after allegedly assassinating conservative activist Charlie Kirk in September — and treated himself to a hearty steak dinner. The owner of the mom-and-pop steakhouse in Panguitch, about three hours south of where the Turning Point USA founder was gunned down on an Orem…
Read MoreIrish town ‘shell-shocked’ after thousands of live crustaceans spill from overturned truck
Irishman Odham McLaughlin had to claw himself out of a real mess after one of his transport trucks — chock full of live crabs — overturned on the highway. “I was shell-shocked,” McLaughlin cracked later on the CBC radio show “As It Happens.” The crusty story began when McLaughlin — owner of McLaughlin’s Car Dismantlers…
Read MoreUS strikes Al-Qaeda leader with direct ties to ambush that killed 3 Americans
A third round of retaliatory strikes by the U.S. in Syria resulted in the death of an Al-Qaeda-affiliated leader, who officials say had a direct tie to the Islamic State member responsible for last month’s ambush that killed two U.S. soldiers and one American civilian interpreter in the country. U.S. Central Command announced that the…
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