Posts by Liam Redmond
Nasdaq opens lower as fresh concerns around AI pressure tech stocks
Published Tue, Apr 28, 2026 · 09:49 PM [NEW YORK] The Nasdaq Composite opened lower on Tuesday (Apr 28), underperforming the benchmark S&P 500 and the blue-chip Dow, as investors questioned whether the artificial intelligence boom can deliver meaningful growth for technology stocks. The Wall Street Journal reported that AI heavyweight OpenAI had missed internal…
Read MoreOil prices trim gains after UAE exits Opec, Opec+
UAE’s exit dealt a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia Published Tue, Apr 28, 2026 · 09:25 PM [LONDON] Oil prices rose more than 3 per cent on Tuesday (Apr 28) as stalled efforts to end the Iran war kept the Strait of Hormuz largely closed, constraining…
Read MoreBYD’s quarterly profit slides fastest in six years as China sales falter
Published Tue, Apr 28, 2026 · 09:20 PM [BEIJING] Chinese electric vehicle maker BYD’s quarterly profit fell at its fastest pace since 2020, a stock market filing showed on Tuesday (Apr 28), amid sluggish sales at home. The world’s biggest electric vehicle maker by sales, known for its focus on budget models priced under 150,000…
Read MoreGM lifts profit outlook as US truck sales boost first quarter
It reported earnings before interest and taxes of US$4.3 billion, or US$3.70 per share Published Tue, Apr 28, 2026 · 09:10 PM [DETROIT] General Motors posted on Tuesday (Apr 28) a 22 per cent rise in first-quarter core profit and lifted its full-year earnings forecast, bolstered by a resilient US car market and an expected…
Read MoreGoTo posts first-ever net income after cost cuts bear fruit
Fintech growth outpaces on-demand services as high oil prices curb commuting and food delivery demand Published Tue, Apr 28, 2026 · 08:15 PM [JAKARTA] GoTo Group reported its first-ever net income, a major milestone in the Indonesian ride-hailing and food delivery company’s turnaround effort as it seeks to gain fresh momentum in its long-standing rivalry…
Read MorePing An profit falls as market decline hurts investment returns
Net income dropped to 25 billion yuan (S$4.6 billion), from 27 billion yuan a year earlier Published Tue, Apr 28, 2026 · 06:20 PM [BEIJING] Ping An Insurance (Group) said profit fell 7.4 per cent in the first quarter, as declines in China’s stock market dented investment returns. Net income dropped to 25 billion yuan…
Read MoreSingapore stocks slip as oil tops US$110; STI down 0.1%
Benchmark index is close to where it was on first trading day after Iran war began [SINGAPORE] Singapore stocks ended marginally lower on Tuesday (Apr 28), as the Middle East conflict concluded its second month and Brent crude prices climbed above the US$110-a-barrel mark. The benchmark Straits Times Index (STI) slipped 0.1 per cent or…
Read MoreTaylor Swift seeks further protections for her voice and likeness with new trademark filings
Taylor Swift is entering her trademark era. The global pop star’s company, TAS Rights Management, filed three new trademark applications last week, per the U.S. Patent & Trademark Office. Two of the applications relate to soundbites of her voice, saying the phrases “Hey, it’s Taylor Swift” and “Hey, it’s Taylor.” The other is a well-known…
Read MoreBP Q1 profit beats expectations at US$3.2 billion, driven by Middle East trading boon
The company says it anticipates fuel margins to ‘remain sensitive’ to the cost of supply and conditions in the region Published Tue, Apr 28, 2026 · 05:35 PM [LONDON] BP on Tuesday (Apr 28) posted a first-quarter underlying replacement cost profit, its version of net income, of US$3.2 billion. This was higher than expectations of…
Read MoreTemasek, Canadian pension fund among investors looking to sell stakes in India’s NSE IPO: sources
The share sale by India’s largest exchange would have a value of US$2.75 billion Published Tue, Apr 28, 2026 · 05:12 PM [MUMBAI] Singapore investment company Temasek and the Canada Pension Plan Investment Board (CPPIB) are among 20 investors looking to sell down stakes when India’s National Stock Exchange (NSE) goes public this year, sources…
Read MoreGoogle signs classified AI deal with Pentagon
The agreement allows the Pentagon to use Google’s AI for “any lawful government purpose” Published Tue, Apr 28, 2026 · 03:43 PM [NEW YORK] Alphabet’s Google joined a growing list of technology firms to sign a deal with the US Department of Defense to use its artificial intelligence models for classified work, The Information reported…
Read MoreSouth Korea surpasses UK to become world’s 8th largest stock market
Published Tue, Apr 28, 2026 · 03:07 PM SOUTH KOREA has leapfrogged the UK to become the world’s eighth-biggest stock market, fuelled by a high-octane rally in its artificial intelligence-linked technology champions. The total market capitalisation of South Korean-listed companies has surged more than 45 per cent in 2026 to US$4.04 trillion, while the UK’s…
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