To The Moon

The price of Bitcoin was dropping again on Friday, as the recent cryptocurrency selloff deepened. There could be more pain ahead.The world's largest crypto slumped 4.5% to $82,440 in early trading and was down 9.6% over the past 24 hours. It's trading 34% off the record high of $126,272 it hit in early October. Bitcoin is on pace for its worst week since November 2022, when the collapse of crypto exchange FTX sparked a brutal selloff.Other digital assets weren't doing any better. Ethereum dropped 9.7%, Solana fell 11%, and XRP tumbled 10% over the past 24 hours.Two factors have driven the recent plunge in crypto prices.First, investors are betting the Federal Reserve won't cut interest rates next month, which would make Bitcoin and its peers less appealing relative to interest-bearing investments such as bonds and savings accounts. Second, the market has decided this is a good time to rotate out of risk assets, amid questions about lofty artificial-intelligence valuations.

Singapore stocks mirrored regional decline to plummet on Tuesday, tracking Wall Street losses amid investors' worries ahead of the AI chip giant Nvidia's earnings this week, along with the release of the U.S. September jobs report, expected to be released on Thursday following delays because of the US government shutdown.The Straits Times Index, a key benchmark for the Singapore Exchange, ranged between 4,502.57 and 4,546.74 throughout the day. It ended the session at 4,504.67, down 38.92 points or 0.9% compared to Monday's close.In corporate news, Coliwoo is slated to launch its first new property, dubbed Coliwoo Midtown, in the first quarter of 2026, following its recent listing on the SGX, according to a filing with the Singapore Exchange on Monday.Top Glove issued 121,539 shares at 1.27 ringgit per share, pursuant to the exercise of warrants. The company's Singapore-listed shares closed nearly 2% lower Tuesday.Shares of StarHub slipped about 2% on Tuesday's close, as it issued S

The Federal Reserve is almost universally viewed as on track to cut interest rates next week, despite inflation running at a 3% annual rate in September - well above the Fed's 2% target.What gives?...

Trump's tariff hike follows Ontario's controversial ad during World Series.

US President Donald Trump said on Thursday all trade talks with Canada were terminated.

Trump moved to remove Federal Reserve Governor Lisa Cook from her post at the US central bank in the wake of allegations that she falsified documents on mortgage applications.

OpenAI staffers to sell $6 billion in stock to SoftBank, other investors, Bloomberg News reportsAug 15 - Present and former OpenAI employees are looking to sell nearly $6 billion worth of the ChatGPT maker's shares to an investor group comprising SoftBank Group 9984.T, among others, valuing it at $500 billion, Bloomberg News reported on Friday.

Singapore shares ended Friday in red, as investors reacted to weak Chinese data following slower industrial production growth.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 4,210.51 and 4,246.10 throughout the day. It ended the session at 4,230.53, down 25.99 points or 0.61% compared to Thursday's close.In company news, shares of Yanlord Land were up nearly 6% as it returned to an attributable profit of 379.2 million yuan during the first half of the year, against an attributable loss of 486.0 million yuan a year earlier.The Straits Trading was down over 3% at the close as it booked an attributable loss of SG$40.8 million during the first half of the year, compared with an attributable profit of SG$5.2 million a year earlier.Meanwhile, Hotel Grand Central's shares were down over 2% at the close as its attributable profit to owners declined in the first half of the year to SG$3.4 million from SG$7.5 million a year earlier.