Posts by Liam Redmond
Elon Musk’s tight grip, heavy losses: What SpaceX’s potentially largest-ever IPO filing reveals
The company chose Nasdaq to make its debut under the symbol SPCX, according to a filing on May 20 with the US SEC [WASHINGTON] SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and the super-voting share plan allowing Elon Musk to keep the rocket, satellite and…
Read MoreNvidia’s profit hits US$58.3 billion as AI boom gathers more steam
The chipmaker’s biggest problem appears to be meeting demand from its spendthrift tech industry customers Published Thu, May 21, 2026 · 07:39 AM [SAN FRANCISCO] Another huge quarterly profit announced by chipmaker Nvidia on Wednesday (May 20) provided solid evidence that Silicon Valley’s artificial intelligence spending spree is still gathering steam. Nvidia said that profit…
Read MoreOil prices slide after Trump says US-Iran negotiations in ‘final stages’
The number of vessels crossing the strait remains well below the 130 or so ships that crossed daily before the war Published Thu, May 21, 2026 · 06:14 AM [NEW YORK] Oil prices fell about 6 per cent on Wednesday (May 20) after US President Donald Trump said that negotiations with Iran were in the…
Read MoreEuropean shares end near two-week highs on defence, tech boost
Global investors are keen on artificial intelligence bellwether Nvidia’s results Published Thu, May 21, 2026 · 05:40 AM [BENGALURU] European shares finished near two-week highs on Wednesday (May 20), aided by defence and technology stocks, as investors awaited a critical earnings report from US chip giant Nvidia, and while caution remained on the US-Iran stand-off…
Read MoreBarclays CEO says UK should seek ways to lower cost of Brexit
Published Thu, May 21, 2026 · 12:11 AM THE UK should look for ways to reverse the economic effect of Brexit, though it may be impractical to undo Britain’s exit from the European Union altogether, according to Barclays chief executive officer CS Venkatakrishnan. “We should find economic arrangements that reverse the impact of that, whether…
Read MoreBank CEOs’ AI obsession collides with warning from watchdogs
AS BANKS executives increasingly tout the promise of artificial intelligence to slim down workforces, regulators are warning them not to get carried away. The European Banking Authority, the rulemaker for financial firms operating in the region, has been meeting with national authorities to ensure human bankers are providing adequate oversight of processes increasingly handled by…
Read MoreBank CEOs’ AI obsession collides with warning from watchdogs
AS BANKS executives increasingly tout the promise of artificial intelligence to slim down workforces, regulators are warning them not to get carried away. The European Banking Authority, the rulemaker for financial firms operating in the region, has been meeting with national authorities to ensure human bankers are providing adequate oversight of processes increasingly handled by…
Read MoreIntuit to cut 17% of global jobs to streamline operations: memo
Published Wed, May 20, 2026 · 10:16 PM INTUIT is laying off about 17 per cent of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts, according to an internal memo seen by Reuters on Wednesday. CEO Sasan Goodarzi sent an email to…
Read MoreS&P 500, Nasdaq open higher as chip stocks gain ahead of Nvidia results
Published Wed, May 20, 2026 · 09:44 PM [NEW YORK] The S&P 500 and the Nasdaq opened higher on Wednesday (May 20), lifted by a rebound in chip stocks ahead of Nvidia’s quarterly earnings, which investors view as a crucial test of AI demand as they weighed concerns over elevated Treasury yields. The Dow Jones…
Read MoreFormer OCBC trading rep, ex-GM of Sasseur Reit affiliate found guilty of trading offences
One is convicted of abetting false trading and the other, of engaging in insider trading TWO individuals have been convicted under the Securities and Futures Act – one of them for false trading, and the other for insider trading, the Monetary Authority of Singapore (MAS) said on Wednesday (May 20). Former OCBC Securities trading representative…
Read MoreChatbots struggle with news accuracy and sourcing ahead of US midterms
Published Wed, May 20, 2026 · 08:09 PM FOUR major artificial intelligence chatbots — OpenAI’s ChatGPT, Alphabet’s Google Gemini, Anthropic’s Claude and xAI’s Grok — are struggling to fairly and accurately answer questions about elections and geopolitics, according to a new study from Forum AI. Researchers asked the four chatbots more than 3,100 questions about…
Read MoreSingapore stocks end lower amid downbeat regional showing; STI down 0.5%
[SINGAPORE] Singapore stocks ended lower on Wednesday (May 20). The benchmark Straits Times Index (STI) lost 0.5 per cent or 27.43 points to finish at 5,044.91. Wilmar International led the gainers on Singapore’s blue-chip index, rising 2.2 per cent or S$0.08 to end at S$3.73. It was the worst STI performer on Tuesday, having fallen…
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