Posts by Liam Redmond
Musk sounds cautious tone on robotaxis amid slower-than-expected rollout
Published Fri, Apr 24, 2026 · 07:55 AM [LOS ANGELES] The rollout of Tesla’s fledgling robotaxi business is going more slowly than expected, several Wall Street analysts said, following an uncharacteristically downbeat update from CEO Elon Musk. Musk over the past year has outlined an aggressive expansion plan for Tesla’s autonomous ride-hailing operation. During Tesla’s…
Read MoreSGX RegCo’s disclosure push may strain smaller firms, raise box-ticking risk, analysts warn
Ultimately, how companies approach the exercise will decide if the proposed rules will improve transparency and accountability, they add [SINGAPORE] Small and mid-cap listed companies on the Singapore Exchange (SGX) could come under strain from proposed tighter disclosure rules, with industry watchers cautioning that the push to lift valuations may also raise compliance burdens and…
Read MoreIntel forecasts second-quarter revenue above estimates, shares jump 15%
Published Fri, Apr 24, 2026 · 06:50 AM INTEL forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company’s server processors used for artificial intelligence in data centers. Shares of Intel surged 15 per cent in extended trading, adding US$49 billion to its market value and extending its 81 per…
Read MoreStruggling Nike will cut around 1,400 jobs in efficiency push
Published Fri, Apr 24, 2026 · 06:27 AM NIKE said on Thursday it is laying off about 1,400 global operations employees in an effort to streamline workflows as the struggling sportswear company fights through a years-long sales slump. In a memo to employees on Thursday, chief operating officer Venkatesh Alagirisamy said Nike would reduce headcount…
Read MoreUS stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
Published Fri, Apr 24, 2026 · 06:04 AM [NEW YORK] US stocks fell in choppy trading on Thursday as hopes dimmed for a quick end to the Iran war, while investors grappled with a mixed bag of earnings reports as concerns resurfaced about AI-driven disruption across the software sector. Equities had been holding near unchanged…
Read MoreOil rises on concern over escalating Middle East tensions
Iran on Apr 23 posted video of commandos in a speedboat storming a huge cargo ship Published Fri, Apr 24, 2026 · 05:57 AM — Updated Fri, Apr 24, 2026 · 05:46 PM [LONDON] Oil rose on Friday (Apr 24) on concerns of a renewed military escalation in the Middle East after Iran released footage…
Read MoreEuropean shares muted as investors assess Middle East developments, corporate earnings
Published Fri, Apr 24, 2026 · 05:50 AM EUROPEAN shares were little changed on Thursday as investor worries over collapsed US-Iran peace talks and weak economic data outweighed upbeat corporate results. The pan-European Stoxx 600 index closed flat at 614.20 points. Regional bourses were mixed, with France’s CAC 40 rising 0.9 per cent, while Spain’s…
Read MoreWhy Meta is laying off 10% of its workforce
Meta, the parent company of Facebook and Instagram, is planning to lay off 8,000 employees, or roughly 10% of its workforce, in May, as it seeks to cut costs to better prepare to do more with artificial intelligence. Meta told its employees about the layoffs in a Thursday memo that said the company will also…
Read MoreRobot Supreme? Table tennis clanker Ace beats elite human players in AI milestone
A few days ago came the astonishing news that the world record in the half-marathon was obliterated by a 5-foot-5 humanoid robot named Lightning in Beijing. Now a robot named Ace has achieved another milestone for AI and robotics by defeating expert-level humans at table tennis in Tokyo, according to a study published Wednesday in…
Read MoreMicrosoft offers voluntary retirement to about 7% of US workers
Eligible workers include personnel whose years of service plus their age totals 70 or more Published Fri, Apr 24, 2026 · 12:35 AM [NEW YORK] Microsoft is offering voluntary retirement to thousands of its employees in the US. About 7 per cent of the US workforce will be eligible for the buyouts, according to a…
Read MoreVin’s Holdings announces probe into irregular payments linked to ex-employee
Early findings show that the ex-employee overrode internal controls to move S$44,300 to an entity he controlled [SINGAPORE] Automotive group Vin’s Holdings has said that it has uncovered irregular transactions to an entity controlled by a former employee of the company. In a bourse filing on Thursday (Apr 23), the Catalist-listed group said the transactions…
Read MoreGoldman seeks over US$20 million from ex-star banker after 1MDB fraud
The bank claims Leissner transferred some money into accounts and shell entities in his wife’s name [NEW YORK] Goldman Sachs Group says its former star banker Tim Leissner collected more than US$20 million in compensation while secretly carrying out one of the largest frauds in history involving 1Malaysia Development Berhad (1MDB) fund. The investment bank…
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