EV Shares Gained in Morning Trading, With VinFast Rising 10%
EV shares gained in morning trading.Faraday Future soars 8%; VinFast rose 8%; Li Auto rose nearly 4%; XPeng rose 2%; Rivian rose 2%; Nio rose about 1%; Tesla rose about 1%.
Singapore Regulator Ends DBS' Six-Month Digital Banking Penalty
MAS keeps 1.8 times multiplier on capital requirementRegulator monitoring DBS’s progress to ensure reliabilitySingapore’s financial regulator is ending a six-month ban that restricted DBS Group Holdin
Mcdonald's Sales Miss Estimates as Customers Cut Back Spending
McDonald's (NYSE:MCD) reported quarterly earnings of $2.70 per share which missed the analyst consensus estimate of $2.72 by 0.74 percent. The company reported quarterly sales of $6.17 billion which beat the analyst
Singapore’s Foreign Worker Numbers Dip First Time in 10 Quarters
Non-resident employment declined mainly in constructionMinistry cites polls showing higher hiring plans by companiesThe number of foreign workers in Singapore fell for the first time in more than two
DBS Maintains Up Fintech BUY Rating With TP of US$5.8
BUYLast Traded Price (20 Mar 2024): US$4.06 (NASDAQ : 16,369)Price Target 12-mth: US$5.80 (43% upside) (Prev US$6.20)What’s New 4Q23 non-GAAP net earnings declined to US$1.1m; largely in line if exclu
work with China too. plus u are doing a poor job as finance minister. hawker food up due to high rent. gst up. hdb very ex. no real action to solve underlying to help locals have kids
Fisker Plunged 45% after Preparing for Possible Bankruptcy Filing
Company has struggled with growing its sales amid stagnant EV demand in the U.S.Instead of building a factory and employing workers, Fisker outsourced production of the Ocean SUV.Electric-vehicle star
Google Lays Off Thousands More Employees As Workers Begin Worrying AI is Slowly Replacing Them
Google has initiated significant layoffs across its various teams, including the Voice Assistant, hardware, engineering and ad sales teams, marking a continuation of the tech industry’s trend towards reducing workforce expenses. The layoffs have affected hundreds of employees within the Voice Assistant unit; hardware teams responsible for Pixel, Nest and Fitbit products; and a considerable portion of the augmented reality team. This move is part of Google’s broader effort to streamline operations and align resources with its most significant product priorities.According to The Verge, the total number is in the thousands. This comes at a time when Google parent, Alphabet Inc., reported record profits in late January. The company reported $20.4 billion in net income in Q4.A startup that solves the age-old paywall problem is growing exponentially and looking for new shareholders.Late last year, there were already worries within the company that AI was going to begin replacing employees a
Shopify Beats Quarterly Revenue Estimates on Holiday Quarter Demand
Feb 13 - Canada's Shopify, topped Wall Street estimates for fourth-quarter revenue on Tuesday, riding on demand for its ecommerce services from merchants during the holiday shopping season. While the shares dropped 10.2% in morning trading.Shopify, which offers tools and services for businesses to set up their online stores, has launched new tools and offerings along with artificial intelligence products to stay ahead in a competitive e-commerce space.Total revenue was $2.14 billion for the thr