NEW YORK (REUTERS) – US stocks rose on Monday (Aug 15) with megacap growth shares, extending the market’s recent rally amid investor optimism the Federal Reserve can achieve a soft landing for the economy. Shares of Apple Inc climbed 0.6%, while Microsoft Corp rose 0.5% and Tesla Inc jumped 3.1%. Those stocks gave the S&P […]
SAN FRANCISCO (BLOOMBERG) – Micron Technology plans to slow hiring as it copes with a sudden drop in chip demand, but the company joined peers such as Intel and Nvidia in deciding that major job cuts aren’t yet necessary. The memory-chip maker has no plans to reduce its headcount and won’t be making large-scale layoffs, […]
NEW YORK (BLOOMBERG) – Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand. Prices are near the lowest level in six months. West Texas Intermediate settled at US$89 a barrel, ending the week nearly 10 per cent lower. United States gasoline consumption has dropped, […]
South Korea, August 05, 2022 – (SEAPRWire) – Meta Octagon’s meta-human DJ & NFT project ‘METAGONZ’ which is developing an EDM and performance culture-based entertainment metaverse project, will participate as the sponsor in the official after-party “Block party 2022” festival of “Korea Blockchain Week 2022 (KBW 2022).” Also, a person of Metagonz development company said “we’re planning to […]
SINGAPORE (BLOOMBERG) – Oil headed for a punishing weekly loss on increasing evidence that a global economic slowdown is spurring demand destruction, with prices sliding to their lowest level in six months. West Texas Intermediate fell toward US$88 a barrel in Asia, with the US benchmark down more than 10 per cent this week. Official data […]
BEIJING (BLOOMBERG) – China’s top leaders told government officials last week that this year’s economic growth target of “around 5.5 per cent” should serve as guidance rather than a hard target that must be hit, according to people familiar with the matter. Leaders held meetings with ministerial- and provincial-level officials last week, during which they […]
TOKYO, Aug 1, 2022 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) today announced the Global Program for NEC Visionary Week 2022. Themed “Truly Open, Truly Trusted” the Global Program will offer 7 exclusive global online sessions on Thursday, September 15, envisioning and co-creating a brighter, more sustainable world with partners and stakeholders. […]
Welcome to the latest edition of ST HeadSTart, bringing you the best of The Straits Times’ career and personal finance coverage every Monday morning. Sign up here to get weekly tips right into your inbox. Good morning! It’s the start of a new month, and one of the stories this week looks at what you […]
Synopsis: Every first and third Monday of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST’s business correspondents and editors. Seventy companies in Britain are now trying out a shorter work week. It is a six-month trial started by a non-profit community called 4 […]
SINGAPORE – Most workers in Singapore are keen to have a four-day work week for better work-life balance, in line with a large-scale trial that is under way in Britain. Since June, more than 3,300 workers at 70 UK companies were put on a four-day week with no loss of pay.
SINGAPORE – Most of the 70 companies in the four-day work week trial in Britain are adapting well, and the organisation behind the initiative is not ruling out a similar pilot in Singapore in the future. Co-director Kyle Lewis of British think-tank Autonomy told The Straits Times that the participating firms are adapting after teething […]
NEW YORK (REUTERS) – The S&P 500 see-sawed on Monday (July 25) and ended close to unchanged as investors girded for an expected rate hike at a Federal Reserve meeting this week and earnings from several large-cap growth companies. The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major S&P […]
SINGAPORE – One, two… and one, two, three, four! Hello, Boss! I have been asked by our colleagues to send this petition to you: Can we have a four-day week, please?
SINGAPORE – Could the US Federal Reserve ramp up its key lending rate by 1 percentage point? That became the topic of discussion last week after US inflation surged by 9.1 per cent in June, well above market estimates of about 8.8 per cent. And this comes on the heels of hot jobs data for […]
SINGAPORE (BLOOMBERG) – Oil headed for a third weekly drop on Friday (July 1), its longest losing run this year, on concern that a potential recession will cut into energy demand. West Texas Intermediate traded below US$106 a barrel after tumbling on Thursday as commodities were pummelled. The US benchmark has shed 2 per cent […]
SINGAPORE – Just as everyone was predicting a market capitulation, stocks rebounded last week. The Dow Jones index rose 5.4 per cent for the week to 31,500 points, while the broader S&P index surged 6.5 per cent to 3,911.74. The Nasdaq had its best week this year as it spiked 7.5 per cent to 11.607.62.
NEW YORK (AFP) – Wall Street stocks finished a strong week on a solid note on Friday (June 24), advancing as the weakening economic outlook moderates expectations about central bank monetary tightening. The broad-based S&P 500 added 3.1 per cent to stand at 3,911.74 at the end of Friday’s session, up almost 6.5 per cent […]
SYDNEY (BLOOMBERG) – Government bonds extended a global rally as swirling concern that Federal Reserve interest-rate hikes will push the United States into recession sent investors scurrying for the safety of sovereign debt. US 10-year yields slipped as much as three basis points to 3.13 per cent in early Asian trading on Thursday (June 23) […]