Brent crude futures rose slightly in early trade Thursday after Israeli tanks rolled into Gaza, while U.S. crude futures fell on expectations of rising crude inventories. Brent crude futures for August delivery rose 8 cents to $85.15 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June delivery fell 27 cents, or 0.3 […]
Month: June 2024
AI fever is driving Nvidia to become the world’s most valuable company
NEW YORK: NVIDIA has become the world’s most valuable company thanks to a staggering rise in its share price, highlighting how investors believe artificial intelligence will play a huge role in the global economy in the coming years. Nvidia shares rose 3.5% on Tuesday (June 18), giving it a market capitalization of about $3.34 trillion. […]
Digital payments and precious metals are among the high-risk sectors as
Singapore updates its money laundering risk assessment Singapore: Gems and metals, and digital payments are two new sectors identified as high risk for money laundering activities, according to Singapore’s latest national risk assessment. The report, released on Thursday (20 June), also showed that the main threat to Singapore in this sector comes from domestic and […]
Trump Media shares continue to fall as SEC action threatens to hurt shareholders
Trump Media & Technology Group Corp. The company that runs former President Donald Trump’s Truth Social platform said Tuesday that regulators had allowed some investors to resell certain securities and exercised certain warrants. Trump Media & Technology DJT shares fell another 13.5% in after-hours trading Tuesday after dropping 9.82% after falling about 10% during regular […]
Tesla’s Big, Big, Disruptive Future
Elon Musk got paid. And a lot. Here’s where it gets interesting: Musk has to make Tesla so big, successful, and valuable that the tens of billions of dollars he gets will seem cheap in comparison. You might think selling cars is the way to get there, but you could be wrong. Musk, and by […]
Stock Market Today: Asian shares mixed after Wall Street hits new record
Asian shares were mixed on Wednesday after U.S. benchmarks hit new records following the latest signs that the U.S. economy may slow without falling into recession. U.S. futures were mixed and oil prices were little changed. Tokyo’s Nikkei 225 index rose 0.2% to 38,575.54 as Japan’s trade data for May showed exports rose 13.5% from […]
Apple will stop offering instant purchase loans in the US.
Apple said it will end Apple Pay Later credit, which allows customers to buy products online and pay in four interest-free installments up to $1,000. Apple said Monday it has stopped offering credits through Apple Pay Later, the instant purchase program it launched last year. The move comes after Apple said it will allow installment […]
French stocks face further damage from political risks, Goldman strategists say
Goldman Sachs strategists say French stocks are likely to be hit further by political risks in the coming weeks and months, but the impact will be concentrated in certain areas. Blue-chip stocks on Paris’ CAC 40 index posted their worst performance since March 2022 last week, falling more than 6% as the country reeled from […]
Global stocks rise, Europe Calm
Global shares edged higher on Tuesday as a tense calm spread across Europe, with traders awaiting comments from a host of U.S. Federal Reserve officials, but the Australian dollar strengthened after the central bank kept interest rates unchanged and warned of inflation. The European stock index STOXX 600 rose 0.2 percent, while the French benchmark […]
CEO of Boeing acknowledges that culture is “far from perfect.”
On Tuesday, US legislators will hear from Boeing CEO Dave Calhoun, who acknowledged that the company’s safety culture is a source of concern following a mid-air incident in January. Prior to the US Senate subcommittee hearing, he made prepared remarks in which he stated: “While our culture is far from ideal, we are acting and […]