Posts by Nathan Pine
Another California tech company lays off thousands, citing AI
The layoffs bludgeoning the tech industry continued this week as artificial intelligence reshapes the industry. Mountain View-based Intuit, the maker of TurboTax, on Wednesday said it was laying off 17% of its workforce, or about 3,000 employees, as part of its restructuring to cut costs and invest in artificial intelligence. The company said it had…
Read MoreWhat the furore over ‘lower-value human capital’ reveals about AI and the future of banking
Lenders are learning that the artificial intelligence transition requires more than charting productivity gains AS BANKS around the world wax lyrical about the transformative potential of artificial intelligence, most executives have been careful to frame workforce reductions as part of broader efficiency drives, even as they pour billions of dollars into automation and AI. But…
Read MoreHow China uses a ‘national team’ to influence trading
Beijing sees a stable, steadily rising stock market as essential to the country’s economic transition Published Fri, May 22, 2026 · 03:57 PM [BEIJING] China’s stock market has long been more volatile than Beijing would like, a problem that has taken on greater urgency as the government tries to shift growth away from property and…
Read MoreTaiwan semiconductor firm Kyec pumps S$100 million into new Singapore plant, creating over 300 jobs
The project is aimed at serving the ‘growing demand for automotive, high-performance AI products’ [SINGAPORE] A new semiconductor testing facility in Singapore will create over 300 jobs in engineering and managerial roles. Located in Ang Mo Kio, this is Taiwan-based semiconductor service provider King Yuan Electronics Corp’s (Kyec) first such facility overseas, and comes as…
Read MoreLenovo shares near all-time high after strong AI growth
For the fiscal year ended March, the PC maker reports profit up 38% while it grows revenue by 20% Published Fri, May 22, 2026 · 01:48 PM [HONG KONG] Lenovo Group shares were on track to close at their highest on Friday (May 22) after the company reported strong growth in AI-related earnings that offset…
Read MoreNorth Carolina sues Vietnam’s VinFast over delayed EV project
The EV maker initially targeted to have the factory up and running by Jul 1 this year Published Fri, May 22, 2026 · 12:17 PM [HANOI] The State of North Carolina has sued Vietnamese electric vehicle maker VinFast for its alleged failure to meet its commitments to build an EV and battery factory in the…
Read MoreInvestors look beyond TSMC as AI boom spreads to new winners
Published Fri, May 22, 2026 · 11:03 AM [HONG KONG/TOKYO] After several years flying high as Asia’s best Nvidia proxy, Taiwan Semiconductor Manufacturing Company (TSMC) is increasingly vying with other artificial intelligence stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond…
Read MoreSIA Engineering opens base maintenance facility in Subang; sees ‘strong potential’ in Malaysian aerospace sector
The two-hangar facility will supplement hangars in Singapore and the Philippines to support MRO works [SINGAPORE] SIA Engineering Company (SIAEC) on Friday (May 22) announced the opening of a base maintenance facility in Subang, Malaysia, which will form part of its regional base maintenance network. Base Maintenance Malaysia (BMM), wholly owned by SIAEC, will provide…
Read More‘Survivor 50′ Scores CBS Competition Series’ Best Live+Same-Day Finale Audience In 6 Years
Survivor 50 ended on a high note with the franchise’s most-watched finale in six years. The finale episode, which aired Wednesday night, drew 5.78M live + same-day viewers, per Nielsen’s preliminary panel only data. That’s the best since the Season 40 finale pulled 7.61M viewers on May 13, 2020. These numbers will likely slightly increase…
Read MoreJavier Bardem, Mark Ruffalo, Walter Salles, Isabel Coixet, Annemarie Jacir & Yorgos Lanthimos Sign Anti-Bolloré Letter As Signatures Swell To 3.5K
An open letter, initiated by members of the French cinema world to protest tycoon Vincent Bolloré’s growing control of France’s media and entertainment sectors, has started to gather international support. Organisers of the letter entitled “Time To Switch-Off Bolloré” announced a raft of international signatories on Thursday evening, including Javier Bardem, Mark Ruffalo, Walter Salles,…
Read MoreStocks to watch: Keppel, Nio, SIA Engineering Company, Sri Trang Gloves, Aims Apac Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 22): Source link
Read MoreNew Yorkers Bid A Melancholy Farewell To Stephen Colbert As ‘The Late Show’ Tapes Final Episode
The Late Show‘s 11-year run on CBS ended on a muted note of melancholy Thursday – outside New York’s Ed Sullivan Theater, at any rate. As Stephen Colbert taped his final late-night episode for broadcast later Thursday, a crowd of a few dozen fans gathered in the chilly spring drizzle to pay their respects. Some…
Read More