Posts by Liam Redmond
US stocks: S&P 500, Nasdaq open lower after April inflation data; Middle East in focus
Published Tue, May 12, 2026 · 09:54 PM — Updated Tue, May 12, 2026 · 10:08 PM THE S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed a hotter-than-expected inflation report and fading hopes for a swift resolution to the Middle East conflict. US consumer prices rose at a brisk pace for…
Read MoreUS stocks: Wall Street falls as hot CPI, Iran tensions weigh on sentiment
Published Tue, May 12, 2026 · 09:54 PM — Updated Tue, May 12, 2026 · 10:53 PM WALL Street’s main indexes edged lower on Tuesday, with the S&P 500 and the Nasdaq pulling back from record highs after a hotter-than-expected inflation report and fading hopes for a swift resolution to the Middle East conflict. US…
Read MoreeBay rejects GameStop’s US$56 billion bid as ‘neither credible nor attractive’
Analysts doubt that the buyout from the video game retailer for a company four times its market value will close Published Tue, May 12, 2026 · 09:49 PM [NEW YORK] eBay on Tuesday (May 12) rejected an ambitious US$56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal,…
Read MoreUnder Armour expects another weak year as North America struggles, shares slump
It projects annual adjusted operating income to be in the range of US$140 million to US$160 million Published Tue, May 12, 2026 · 09:28 PM [MARYLAND] Under Armour forecast another annual revenue decline on Tuesday (May 12) and said it expects profit to be well below estimates, as the weakness in its key North American…
Read MoreIntel’s US$440 billion six-week surge has short sellers circling
This will push their paper losses to more than US$12 billion, says data analytics firm S3 Partners Published Tue, May 12, 2026 · 08:51 PM [NEW YORK] A scorching rally in Intel shares is threatening huge losses for traders wagering that they are due to fall. But that is not stopping them from placing those…
Read MoreNTT DC Reit posts H2 DPU of US$0.0387, beating IPO forecast by 2.4%
This comes as revenue – at US$115.3 million – also exceeds earlier projections [SINGAPORE] The manager of NTT DC Real Estate Investment Trust (Reit) on Tuesday (May 12) reported a distribution per unit (DPU) of US$0.0387 for its second half ended Mar 31. This beat the DPU of US$0.0378 forecast in the Reit’s initial public…
Read MoreWarsh’s Fed nomination clears first in series of senate votes
Published Tue, May 12, 2026 · 08:08 PM KEVIN Warsh’s nomination to the Federal Reserve Board of Governors on Monday cleared the first in a series of Senate votes planned this week to install him as chair of the US central bank. The Senate voted 49-44 on Monday evening to advance Warsh through a procedural…
Read MoreSea reports 6.2% increase in Q1 earnings to US$427.9 million
[SINGAPORE] Sea on Tuesday (May 12) reported a 6.2 per cent increase in its first-quarter earnings to US$427.9 million, from US$403.1 million a year earlier. Earnings per share for the three months ended Mar 31 grew 2.9 per cent to US$0.70, from US$0.68 in Q1 2025. The growth was driven by higher revenue contributions across…
Read MoreChina’s JD.com reports 5% rise in quarterly revenue, beating estimates
Published Tue, May 12, 2026 · 07:01 PM [BEIJING] Chinese e-commerce giant JD.com said on Tuesday (May 12) its first-quarter revenue climbed 4.9 per cent, helped in part by a new round of government subsidies for electronic goods aimed at spurring lacklustre consumer demand. US-listed shares of JD.com rose more than 3 per cent in…
Read MoreSeatrium surge leads Singapore stocks slightly higher on Tuesday; STI up 0.1%
Across the broader market, gainers beat losers 316 to 267 after 2.3 billion securities change hands [SINGAPORE] Singapore stocks ended higher on Tuesday (May 12). The benchmark Straits Times Index (STI) gained 0.1 per cent or 3.23 points to finish at 4,946.00. Seatrium led the gainers on Singapore’s blue-chip index, rising 5.4 per cent or…
Read MoreChina LNG imports hint at recovery as buyers replace lost supply
The country’s petrol sector is better insulated from the disruptions due to sellers from Canada to Nigeria Published Tue, May 12, 2026 · 05:16 PM [WASHINGTON] Liquefied natural gas (LNG) deliveries to China are showing signs of recovery, as some buyers replace shipments disrupted by the conflict in the Middle East. The 30-day moving average…
Read MoreAustralian shares fall for third day as banks weigh ahead of federal budget
Published Tue, May 12, 2026 · 04:08 PM AUSTRALIA’S equity benchmark fell for a third straight session on Tuesday, with banks leading losses, as investors braced for a federal budget promising spending restraint and selective reform. The S&P/ASX 200 closed 0.4 per cent lower at 8,670.70, sliding 2.4 per cent over the last three sessions.…
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