Posts by Liam Redmond
People are betting on elections in prediction markets. Congress is watching
WASHINGTON — As Spencer Pratt fell behind in the Los Angeles mayoral primary, an unexpected group began claiming election fraud: people tracking the Republican’s success on prediction markets, the increasingly popular online exchanges on which people can make bets on almost anything. “Crazy how much voter fraud can be done with mail in ballots,” one user following…
Read MoreTrump’s feud with AI company Anthropic keeps heating up
Artificial intelligence company Anthropic and the Trump administration are sparring — yet again. Over the weekend, tensions between the San Francisco company and the Trump administration flared up after the U.S. government ordered Anthropic to cut off foreign access to the company’s most powerful AI systems. The government’s order poses a challenge to Anthropic’s business…
Read MoreChina’s property stocks tumble back to pre-2024 stimulus levels
With half-year results approaching, investors are focused on whether developers’ earnings can stabilise Published Tue, Jun 16, 2026 · 12:28 PM CHINESE property stocks have slid back to levels seen before a raft of stimulus measures from the authorities in September 2024 drove a market turnaround, underscoring lingering pessimism over the sector. A Bloomberg Intelligence…
Read MoreRetail investors face tighter limits than funds in SpaceX IPO flipping
Underwriters and brokerage platforms impose market restrictions on flipping because it can destabilise the stock Published Mon, Jun 15, 2026 · 07:36 PM [NEW YORK] Individual investors in the SpaceX IPO hoping to quickly sell their shares for a profit face stricter conditions than large funds over the practice known as flipping – and risk…
Read MoreSingapore stocks continue rally; STI up 1%
Jardine Matheson and Yangzijiang Shipbuilding lead the gainers on the blue-chip index, both rising 4.3% Published Mon, Jun 15, 2026 · 06:52 PM [SINGAPORE] Singapore stocks ended higher on Monday (Jun 15). The benchmark Straits Times Index (STI) gained 1 per cent or 51.49 points to finish at 5,077.29. Jardine Matheson and Yangzijiang Shipbuilding led…
Read MoreJack Ma-backed Ant Group set for high-stakes overhaul of billion-user Alipay
Published Mon, Jun 15, 2026 · 09:51 AM [HONG KONG] Ant Group is testing an overhaul to its Alipay super app that would introduce an AI agent interface, a major escalation in its battle for users with archrival WeChat. Hangzhou-based Ant will roll out a design that lets users ask the Alipay AI to book…
Read MoreStocks to watch: Annica Holdings, Cosco Shipping, InnoTek
[SINGAPORE] The following companies saw developments that may affect the trading of their securities on Monday (Jun 15): Annica Holdings : The group on Friday said it secured a commercial project to deploy integrated solar and hydrogen energy systems in Sarawak, Malaysia. It is also in talks to expand an existing framework agreement, to accelerate…
Read MoreAustralia’s central bank set for first rate pause of 2026 as bets on further hike ebb
Australia’s policy decision comes in a week when several major central banks are expected to stay on hold Published Mon, Jun 15, 2026 · 07:43 AM [SYDNEY] Australia is set to keep its key interest rate unchanged for the first time this year, with money markets paring bets on further tightening amid signs the economy…
Read MoreAllianz said to lead bidding for HSBC’s Singapore insurance unit
The transaction, estimated to be up to US$2 billion, could be announced soon: sources Published Sun, Jun 14, 2026 · 08:57 PM ALLIANZ has emerged as the front runner to acquire HSBC Holdings’ Singapore insurance unit, said people familiar with the matter. The German insurer is the likeliest buyer for HSBC Life Singapore after outbidding…
Read MoreSpaceX surge further boosts Saudi billionaire prince’s fortune
Alwaleed Talal’s investment firm holds 42.4 million shares in SpaceX, valued at US$6.8 billion Published Sun, Jun 14, 2026 · 05:57 PM FRIDAY’S (Jun 12) debut share surge for SpaceX is bolstering the fortunes of one of Saudi Arabia’s richest men. Prince Alwaleed Talal’s investment firm Kingdom Holding jumped at Sunday’s open after SpaceX’s share…
Read MoreBuyback momentum continues, director acquisitions broaden
Around 90 director interests and substantial shareholdings were filed across more than 40 primary-listed stocks [SINGAPORE] For the five sessions till the Jun 11 close, 26 primary-listed companies conducted buybacks with a total consideration of S$170 million. Singtel again led the buyback tally, with 27.1 million shares at an average price of S$4.26, all purchased…
Read MoreLess travel translates into higher demand for consumer goods, drives up freight rates: Flexport
Sea freight rates have spiked up to three times in general since the Middle East war erupted [SINGAPORE] Higher fuel prices have helped fan a surge in demand for fast-moving consumer goods in the US and Europe as more people cut back on their overseas holidays due to increased airfares. This, in turn, has driven…
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