News
Trump signs order aimed at curbing state AI laws
[WASHINGTON] US President Donald Trump on Thursday signed an executive order on artificial intelligence that will attempt to preempt a growing number of state laws governing the technology with...
Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?
Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station[SINGAPORE] Sembcorp Industries’ acquisition of Alinta Energy is a “half-full” and “half-empty”...
Lululemon CEO McDonald to step down, shares rise 10%
LULULEMON Athletica said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares up about 10 per cent in extended...
TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud[NEW YORK] Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an...
Oil retreats as investors’ focus on Ukraine, US fuel supplies
[HOUSTON] Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel inventories. Source link
US stocks: Dow, S&P 500 post record closes; Oracle drags on Nasdaq
THE S&P 500 and the Dow boasted record closing highs on Thursday as investors favoured financial stocks after a Federal Reserve policy update that was less hawkish than expected while the...
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10 [NEW YORK] Oracle shares fell the most in...
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
[NEW YORK] The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending plans overshadow optimism over a less hawkish...
Disney invests $1 billion in OpenAI, licenses Mickey Mouse to Sora AI platform
OpenAI said Thursday it reached a licensing deal with the Walt Disney Co. to use more than 200 popular Disney characters including Mickey Mouse, characters from “Frozen” and Yoda...
Opec says Opec+ raised output in November, leaves demand view steady
[LONDON] Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+ members pressed ahead with another production increase,...
