Posts by Liam Redmond
Ricky Sandler shuttering Eminence Capital after 27-year run
Published Sat, Apr 25, 2026 · 01:37 PM [NEW YORK] Hedge fund veteran Ricky Sandler is shuttering Eminence Capital and returning investor cash after a 27-year run, telling clients it has not performed well enough in recent years to keep operating. In a letter to investors, Sandler said that poor returns, the high cost of…
Read MoreUS imposes sanctions on Chinese ‘teapot’ refinery for buying Iranian oil
China buys more than 80% of Iran’s shipped oil, 2025 data from analytics firm Kpler shows Published Sat, Apr 25, 2026 · 01:15 PM [WASHINGTON] The Trump administration said on Friday (Apr 24) that it had imposed sanctions on an independent “teapot” refinery in China for buying billions of US dollars’ worth of Iranian oil,…
Read MoreFord denies reported talks with Geely to bring China tech to US
Trump administration officials appear reluctant to remove current barriers to Chinese cars Published Sat, Apr 25, 2026 · 12:38 PM — Updated Sat, Apr 25, 2026 · 01:02 PM [DETROIT] Ford Motor denied a news report that it has held talks with Geely Automobile about bringing Chinese car technology to the US market. A Ford…
Read MoreStellantis to make Peugeot cars in China with partner Dongfeng
The brand is still trying to recover from quality issues that tarnished its image in Europe Published Sat, Apr 25, 2026 · 11:53 AM [PARIS] Stellantis plans to start producing cars in China under the Peugeot brand with Dongfeng Motor, reviving a partnership that had run into trouble in past years as the Amsterdam-based auto…
Read MoreUS considers using Defense Production Act in Spirit Airlines restructuring: source
Published Sat, Apr 25, 2026 · 11:38 AM [WASHINGTON] US President Donald Trump’s administration is considering using the Defense Production Act as the legal basis to bail out Spirit Airlines, a source told Reuters. CBS News first reported the potential plan on Friday (Apr 24), citing US officials familiar with the discussions. The source said…
Read MoreGoogle to invest up to US$40 billion in AI rival Anthropic
The investment comes just days after e-commerce giant Amazon says that it will invest up to US$25 billion in the startup Published Sat, Apr 25, 2026 · 11:18 AM [BENGALURU] Google-parent Alphabet will invest up to US$40 billion in Anthropic, as the tech giant deepens its partnership with the artificial intelligence startup that is also…
Read MoreBanks pour billions into AI, but most see no ROI. Here’s why
Some banks are applying AI within their private banking units and making revenue gains THE private banking divisions of banks have long struggled to serve customers other than ultra-high-net-worth individuals. Tasks such as portfolio research, client profiling, and compliance are simply too time-consuming to offer to any but the richest clients. This constraint has remained…
Read MoreUS government stake in Intel has jumped 300% to US$36 billion
Published Sat, Apr 25, 2026 · 10:10 AM [LONDON] The value of the US government stake in Intel has increased four times to hit a value of about US$36 billion after the chipmaker’s financial outlook showed a resurgence in sales. That’s the equivalent of an almost US$27 billion return on paper since Intel and the…
Read MoreAI chip surge elevates Taiwan, South Korea in global equity rankings
The tech-heavy Asian markets have shot past Germany and France in the past seven months Published Sat, Apr 25, 2026 · 09:45 AM [HONG KONG] The artificial intelligence boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now…
Read MoreTrump extends waiver allowing foreign ships to move goods between US ports
Published Sat, Apr 25, 2026 · 08:54 AM US PRESIDENT Donald Trump extended a waiver of a maritime law, contending that relaxing the rule had bolstered supply chains in the United States, a White House spokesperson said on Friday (Apr 24). Trump waived the law, known as the Jones Act, in March to help ensure…
Read MoreOil prices end volatile session mixed but up sharply for the week on supply worries
Published Sat, Apr 25, 2026 · 08:17 AM [NEW YORK/LONDON] Oil prices whipsawed in volatile trade on Friday (Apr 24), but were higher on the week, as traders weighed supply disruptions against the potential restart of peace talks between the US and Iran that could help limit those disruptions. Brent crude futures settled at US$105.33…
Read MoreS&P 500, Nasdaq close at records on tech lift, Iran peace talk hopes
Published Sat, Apr 25, 2026 · 07:32 AM [NEW YORK] The S&P 500 and Nasdaq closed at record highs on Friday (Apr 24), bolstered by optimism for possible negotiations between the US and Iran to end their war and a surge in Intel shares that extended the rally in semiconductor stocks. Pakistani government sources said…
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