Posts by Liam Redmond
Oil falls on hopes for US-Iran negotiations, Hormuz progress
Published Sat, May 2, 2026 · 08:41 AM [NEW SOUTH WALES] Oil edged lower in thin trading on Friday (May 1) with US-Iran peace negotiations on the ropes but still in play, leading some traders to peel back risk ahead of the weekend. West Texas Intermediate fell to settle near US$102, though futures still notched…
Read MoreS&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
Published Sat, May 2, 2026 · 08:18 AM [NEW YORK] The S&P 500 and the Nasdaq advanced to record closing highs on Friday (May 1), boosted by robust earnings and a dip in crude prices, and turning the page on their biggest monthly percentage gains in years. The S&P 500 joined the Nasdaq in positive…
Read MoreGoogle, Nvidia and other tech titans sign AI deal with the Pentagon
Eight technology companies, including Google, Nvidia and SpaceX, have struck deals with the Pentagon to help the U.S. military gain an edge on the battlefield. “These agreements accelerate the transformation toward establishing the United States military as an AI-first fighting force and will strengthen our warfighters’ ability to maintain decision superiority across all domains of…
Read MoreBYD exports jump as soaring fuel prices spur global EV demand
Published Fri, May 1, 2026 · 09:40 PM BYD’s overseas sales soared in April as surging petrol prices in the wake of the Iran war spurred renewed interest in electric vehicles, though softening demand at home in China dragged total deliveries down for the eighth month in a row. The automaker’s sales outside of China…
Read MoreThis Rivian spinoff is reinventing e-bikes in California with screens, software and swappable seats
Rivian Automotive has attracted die-hard fans by building a battery-powered truck with enough muscle for off-roading as well as the acceleration and suspension to comfortably glide through city streets. Its little brother — a company called Also — is trying to do the same for e-bikes. The Palo Alto company wants to reinvent the battery-driven…
Read MoreBuilder China Vanke posts 5.95 billion yuan loss in Q1
Published Fri, May 1, 2026 · 08:06 PM [BEIJING] China Vanke’s losses dragged on in the first quarter, as home deliveries fell, weighing on the embattled developer’s overall revenue. The company reported a net loss of 5.95 billion yuan (S$1.1 billion) in the three months ended in March, according to a Hong Kong exchange filing…
Read MoreExxon beats Q1 earnings estimate despite hit from Iran conflict
Adjusted earnings for the quarter were US$1.16 per share, above the consensus estimate of US$1 Published Fri, May 1, 2026 · 07:55 PM [HOUSTON] Exxon Mobil beat estimates for first-quarter adjusted earnings on Friday (May 1), though unadjusted profit dropped to its lowest level in five years due to disrupted shipments as a result of…
Read MoreEstee Lauder to cut 3,000 more jobs as CEO pushes overhaul
As many as 10,000 roles will now go, up from its previous target of 7,000 announced a year ago Published Fri, May 1, 2026 · 07:41 PM [NEW YORK] Estee Lauder plans to cut as many as 3,000 more jobs and generate a further US$200 million of savings to help boost its turnaround plan. The…
Read MoreNio delivers 29,356 vehicles in April, up 22.8% on year
Chinese EV maker’s April tally dips from March as it crosses 1.1 million cumulative deliveries [SINGAPORE] Chinese electric vehicle maker Nio delivered 29,356 vehicles in April 2026, a 22.8 per cent increase from the same month a year ago. However, the figure marks a pullback from the 35,486 units delivered in March, the company said…
Read MoreChevron’s upstream strength lifts first-quarter earnings past estimate
It reports adjusted earnings of US$1.41 per share, well above the consensus estimate of US$0.95 Published Fri, May 1, 2026 · 06:29 PM [HOUSTON] Chevron exceeded Wall Street estimates for its first-quarter earnings on Friday (May 1), as elevated oil prices linked to the US-Israeli war on Iran helped boost results from its upstream business.…
Read MoreAfter ‘MAGA influencer’ trolls gay couple with baby, support grows for dad who threw punches
For the nine years they’ve been together, Anthony and David Vulin saw West Hollywood as their safe space. They had their first date at a Mexican restaurant on Santa Monica Boulevard and eventually moved in together at a nearby apartment in the famously inclusive city. Married in 2022, the couple recently welcomed their first child,…
Read MoreWarren Buffett has stepped aside. Berkshire is now Greg Abel’s show
Conglomerate’s size, cash pose challenges for new CEO; stock has significantly lagged S&P 500 since the ‘Oracle of Omaha’ announced departure [OMAHA, Nebraska] Berkshire Hathaway shareholders making the pilgrimage to Omaha, Nebraska, for the conglomerate’s annual shareholder weekend will find much that looks familiar. Discount shopping. The 5K run. Tens of thousands of like-minded investors…
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