Posts by Liam Redmond
US FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same stores THE US Federal Trade Commission is probing Instacart, two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool. Instacart shares were down about 10 per cent in after-hours…
Read MoreReview of Optus emergency calls outage finds process, accountability gaps in Singtel unit
[SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability and escalation and information protocols. Two people died as a result of the Sep 18 incident where Triple Zero calls – emergency numbers used for life-threatening situations or emergencies – were blocked due to an outage following a network upgrade.…
Read MoreNick Reiner does ‘drugs,’ threatens to kill dog in eerie video with sister Romy
Rob Reiner’s problem child Nick appeared in his own bizarre YouTube video where he feigned doing drugs and jokingly claimed he was going to kill a dog nearly a decade before he was charged with murdering his parents Sunday. The 2016 amateur clip resurfaced this week as the 32-year-old son was accused of fatally stabbing…
Read MoreSembcorp’s purchase of Australia’s Alinta Energy has green risks
Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition [SINGAPORE] At the heart of Sembcorp’s plan to buy Australian utility Alinta Energy is the chance to get a firm foothold in a potentially massive market for renewables. But Alinta is a company that still has a long decarbonisation transition ahead,…
Read MorePop Mart’s 40% stock rout shows growing worry over Labubu crash
Concerns remain whether Labubu is a durable long-term character or a fashion trend LABUBU mania appears to be ebbing as quickly as it surged, driving a roughly 40 per cent rout for former market darling Pop Mart International Group that’s raising questions over the company’s long-term prospects. A disappointing US Black Friday and cooling resale…
Read MoreJoe Burrow gives curious answer to question about Bengals future
Just a passing comment or a window into the mind of an unhappy quarterback? That’s the question football fans are asking after Joe Burrow’s eye-raising response on Wednesday as the Bengals star discussed the rumors around his NFL future. Burrow, 29, stirred up drama when he made comments last week, when he suggested he was…
Read MoreJapanese yen, ringgit, US, Australian dollar driving Singapore’s currency buying frenzy
YouTrip’s 2025 conversion volumes jump over 70%; its peers also report surge in business [SINGAPORE] As foreign exchange rates vacillated in 2025 amid geopolitical volatility and shifting trade policies, Singaporeans turned into what one market player dubbed “foreign exchange hunters”. As at Dec 8, multi-currency wallet YouTrip’s total conversion volumes have surpassed 2024’s full-year total…
Read MoreBinance weighs US strategy as billionaire Zhao regains clout
Binance has positioned Yi He’s promotion, who is Zhao’s partner, as a sign of stability CHANGPENG Zhao has unfinished business. The billionaire co-founder of Binance has stepped back into the spotlight, praising President Donald Trump’s crypto stance at every turn, and signalling enthusiasm for the US market where the firm he helped create is now…
Read MoreMicron forecasts blowout earnings on booming AI market, shares rise 5.7%
MICRON Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, buoyed by soaring prices for memory chips spurred by tight supplies and booming demand from artificial intelligence data centers. Shares of the Boise, Idaho-based company were up 5.7 per cent in extended trading after the forecast. Micron said it…
Read MoreMicron surges as global memory chip shortage boosts profit forecast
It is set to add over US$30 billion to its market capitalisation, if premarket gains hold MICRON Technology shares rose nearly 14 per cent in premarket trading on Thursday (Dec 18), following an outsized profit forecast on the back of a worldwide supply crunch of memory chips, amid robust demand from AI data centres. A…
Read MoreEuropean equities muted as tech valuation concerns linger; UK markets outperform
EUROPEAN shares were little changed on Wednesday with losses in technology stocks offsetting strong performance from basic resources amid lingering concerns over sky-high, AI-fuelled tech valuations. UK markets, meanwhile, advanced after inflation data firmed rate cut bets. The pan-European Stoxx 600 closed flat at 579.79, after trading close to record highs during the day. Major regional bourses…
Read MoreMeg Ryan mourns ‘When Harry Met Sally’ director Rob Reiner with touching message: “Their story will not end with this Impossible tragedy”
Meg Ryan shared a moving tribute to the late filmmaker Rob Reiner, just days after he and his wife, Michele Singer Reiner, were tragically killed in their Los Angeles home. Ryan shared a photo of herself and Reiner dancing together on the set of Riner’s romcom classic, When Harry Met Sally. “Oh how we will…
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