Posts by Liam Redmond
Less 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…
Read MoreSouth Korea’s world-beating stock market eyes MSCI developed status
Published Sun, Jun 14, 2026 · 03:28 PM AFTER one of its most volatile weeks in years, South Korea’s stock market is approaching a milestone it has long been chasing: a potential path into MSCI’s developed-market status. The Kospi has become the world’s best-performing major equity benchmark in 2026, surging more than 90 per cent…
Read MoreMag 7? Mangos? SpaceX IPO forces name rethink on Wall Street’s tech-stock moniker
With trillion-dollar contenders waiting in the IPO wings, the Mag 7 club may soon need a name change Published Sun, Jun 14, 2026 · 11:57 AM SPACEX roared into markets on Jun 12 with a valuation of more than US$2 trillion, surpassing two members of Wall Street’s “Magnificent Seven” and raising a key question: Does…
Read MoreGold fever sends some vintage luxury watches to the melting furnace
Used models by the likes of Omega and LVMH’s Tag Heuer are most hit by the trend Published Sun, Jun 14, 2026 · 09:15 AM [LONDON] Omega’s Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of luxury…
Read MoreAnthropic shuts down Mythos access after sweeping U.S. order
Anthropic PBC has disabled access to its most advanced artificial intelligence models, including Mythos, following an unprecedented order by the Trump administration to keep the technology out of the hands of all foreign nationals. The U.S. government told Anthropic to suspend access to the Fable 5 and Mythos 5 models by any foreign national “whether…
Read MoreFBI seizes drones, cites pilots near SoFi Stadium during the World Cup
Federal officials said they seized drones and cited pilots near the SoFi Stadium for allegedly violating temporary flight restrictions during Friday’s World Cup game. The Federal Aviation Administration prohibits all aircraft operations, including drone flights, within a 3-nautical-mile radius and up to 3,000 feet above ground level around certain stadiums hosting World Cup matches. But…
Read MoreTraders are most positive on US dollar since February 2025
Hedge funds, asset managers and other speculators accumulate US$27.8 billion worth of bets that it will strengthen Published Sat, Jun 13, 2026 · 01:27 PM [NEW YORK] Traders turned the most optimistic on the US dollar in more than a year as the war in the Middle East supports the currency’s status as a haven.…
Read MoreOil: Brent falls to lowest since March on expected peace deal
Published Sat, Jun 13, 2026 · 09:23 AM [HOUSTON] Brent crude prices fell to their lowest levels since early March as traders grew more confident about an imminent peace agreement between the US and Iran. Brent futures settled at US$87.33 a barrel, down US$3.05, or 3.4 per cent. US West Texas Intermediate (WTI) crude finished…
Read MoreUS: Wall Street ends higher as SpaceX’s market debut dominates
The space stock closes 19.2% higher at US$160.95, well above the IPO price of US$135 apiece Published Sat, Jun 13, 2026 · 09:12 AM [NEW YORK] US stocks ended higher on Friday (Jun 12) as investors held out hope for a peace deal between Iran and the US and as SpaceX shares surged in their…
Read MoreSpaceX set to surge past US$2 trillion valuation in blockbuster Nasdaq debut
Published Fri, Jun 12, 2026 · 10:45 PM SPACEX was on course to blow past US$2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the Elon Musk-led company and putting it on track to become the sixth-largest publicly listed company in the United States. Shares were indicated to open around…
Read MoreSpaceX’s record IPO said to draw over US$350 billion in demand
Published Fri, Jun 12, 2026 · 10:17 PM SPACEX’s historic US$75 billion IPO drew more than US$350 billion in demand from institutions and retail investors, according to people familiar with the matter. The largest ever initial public offering saw institutional investors place orders for more than US$250 billion of stock, the people said. The company…
Read MoreUS stocks: S&P, Dow edge higher on Middle East deal hopes; SpaceX debut in focus
Published Fri, Jun 12, 2026 · 10:11 PM THE S&P 500 and Dow inched higher in choppy trading on Friday (Jun 12), buoyed by expectations for an imminent Middle East peace deal, while investors geared up for the market debut of Elon Musk’s SpaceX, which is estimated to be Wall Street’s biggest public listing in…
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