Posts by Liam Redmond
Cloudflare cuts workforce by 20% in ‘AI-first’ restructuring
Published Fri, May 8, 2026 · 07:38 AM [BENGALURU] Cloudflare said on Thursday (May 7) that it would lay off about 20 per cent of its workforce as part of a shift towards an “agentic AI-first operating model”, as the Internet services company restructures around artificial intelligence. Shares of Cloudflare fell 14 per cent in…
Read MoreAirbnb boosts annual sales outlook while spending picks up
The company’s optimistic outlook suggests that global travel demand will remain healthy Published Fri, May 8, 2026 · 07:29 AM [NEW YORK] Airbnb boosted its annual forecast on robust bookings in the major markets in the Americas, while it posted a big jump in spending as part of an effort to diversify the business. The…
Read MoreBaeksang Arts Awards 2026 Live Stream: When and Where to Watch 62nd Annual Ceremony from Anywhere
Baeksang Arts Awards 2026, organized by HLL JoongAng, will be broadcast live from the COEX Hall D in Seoul on Friday (May 8). The star-studded ceremony will begin with red carpet arrivals at 5:50 pm KST, followed by the main award show at 7:50 pm KST. It will be telecast live through JTBC, JTBC2, and…
Read MoreOCBC’s Indonesia deal a ‘perfect fit’ for Asean wealth ambitions, says CEO, as Q1 profit beats estimates
[SINGAPORE] OCBC’s acquisition of HSBC’s wealth and retail portfolio in Indonesia is a “perfect fit” for the lender’s refreshed growth road map, said group CEO Tan Teck Long on Friday (May 8). This comes as strong wealth income helped drive a robust first-quarter earnings performance. “If you recall, under our ‘Next Frontier’ strategy, we said…
Read MoreS&P 500 ends down as chip stocks give up gains
Upbeat economic readings in recent weeks have also helped allay concerns about the economy Published Fri, May 8, 2026 · 05:45 AM [BENGALURU/SAN FRANCISCO] The S&P 500 ended lower on Thursday (May 7), with Intel and other chip stocks retreating after a recent rally, while uncertainty around US-Iran peace talks weighed on the wider market.…
Read MoreCrew walks out on ‘CoComelon: The Melon Patch,’ citing labor conditions
The International Alliance of Theatrical Stage Employees is striking against “CoComelon: The Melon Patch” in protest over wages and working conditions. The union representing crew members working on the live-action YouTube series said the workers are being overworked and that the production is understaffed. The crew, which consists of 22 workers, recently signed cards seeking…
Read MoreEuropean shares pull back as Middle East peace prospects assessed
Published Fri, May 8, 2026 · 05:32 AM [BENGALURU] European shares slipped on Thursday (May 7) after a steep rally in the previous session, as investors assessed progress towards a US-Iran peace deal that pushed crude prices sharply lower. The pan-European Stoxx 600 ended 1.1 per cent lower after rising more than 2 per cent…
Read MoreResponsible forward-looking disclosures
Investors expect not only financial information but also transparent insight into companies’ strategic direction, risk exposure and future prospects FEW companies in Singapore produce forward-looking statements. Those that do are few and far between. They include public-listed companies like SATS, Singapore Telecommunications (Singtel) and Singapore Exchange (SGX Group). SATS sets out its projected multi-year profitability…
Read MoreUS stocks: S&P 500, Nasdaq at record highs as oil pullback brings relief
Published Thu, May 7, 2026 · 10:40 PM THE S&P 500 and the Nasdaq held close to record highs on Thursday, helped by an extended fall in oil prices on hopes of a US-Iran deal that could potentially normalise crude supplies through the Strait of Hormuz. The United States and Iran are edging toward a…
Read MoreOil falls below US$100 a barrel on Middle East peace hopes
Published Thu, May 7, 2026 · 10:17 PM [LONDON] Oil prices extended losses on Thursday, sliding around 4 per cent to take the Brent crude benchmark below US$100 a barrel on renewed hopes for a US-Iran peace deal that could bring a gradual reopening of the Strait of Hormuz. Brent crude futures were down US$3.93,…
Read MoreMcDonald’s value push and bigger burgers drive larger orders
Published Thu, May 7, 2026 · 09:12 PM MCDONALD’S is reeling in diners with souped-up value offerings and bigger burgers, leading to larger orders even in the face of economic pressures. Revenue of US$6.5 billion surpassed the average analyst estimate, and adjusted earnings per share of US$2.83 were also higher than expected. The shares rose…
Read MoreCitigroup bets on CEO Fraser’s overhaul to aim for 11% to 13% profitability
Published Thu, May 7, 2026 · 08:54 PM CITIGROUP is targeting an adjusted return on tangible common equity of 11 per cent to 13 per cent for 2027 and 2028, the bank said on Thursday, betting on CEO Jane Fraser’s overhaul to drive stronger profitability. The new targets compare with Citi’s ambition of achieving an…
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