Posts by Liam Redmond
AI race sends Big Tech’s capital spending to stratospheric high
Each tech giant has laid out a slightly different route to recouping their investments [WASHINGTON] Four of the biggest US technology companies together have forecast capital expenditures that will reach about US$650 billion in 2026, a mind-boggling tide of cash earmarked for new data centres and the long list of equipment needed to make them…
Read MoreSingapore, Asia markets mostly down after Wall Street tech rout
[SINGAPORE] Asian markets ended the week largely in the red on Friday (Feb 6), taking the cue from the US markets on Thursday, when tech stocks and crypto slumped over concerns of soaring artificial intelligence (AI) spending. Investors reacted badly to the news that Amazon plans to spend US$200 billion this year on data centres,…
Read MoreSingapore, Asia markets mostly down at midday after Wall Street rout; YZJ Shipbuilding sinks 5.6%
Shipbuilder’s shares likely affected by a drop in Maersk earnings, potential layoffs [SINGAPORE] Asian markets took a beating at their open on Friday (Feb 6), after a new round of heavy selling hit US tech stocks and crypto. Yangzijiang Shipbuilding was the worst hit on the Singapore Exchange as at 9.30 am, with a 5.3…
Read MoreKnicks’ Eastern Conference title odds jump after NBA Trade Deadline
Gambling content 21+. The New York Post may receive an affiliate commission if you sign up through our links. Read our editorial standards for more information. The Knicks and Giannis Antetokounmpo will have to wait until summer for a potential union. In lieu of the blockbuster, Leon Rose opted for stability at the NBA Trade…
Read MoreRolls-Royce admits Thai Airways shortfall, plots aggressive regional comeback
RR is rolling out the final phase of its upgraded Boeing 787 engine, the Trent 1000 XE, this quarter [SINGAPORE] After years of damage control over its Boeing 787 engines, Rolls-Royce (RR) – one of the world’s largest aircraft engine manufacturers – is moving to prevent more customers from switching to rival GE Aerospace, as…
Read MoreBYD’s US$60 billion wipeout points to deeper turmoil for China EVs
The company shares now trade at around 15 times forward earnings estimates, below their three-year average of 18 Published Fri, Feb 6, 2026 · 09:10 AM [HONG KONG] A relentless sell-off in BYD shares is laying bare investor anxiety over the profit outlook for China’s electric-vehicle (EV) sector, as cooling demand at home and surging…
Read MoreAmazon shares tumble as $200B AI spending spree rattles investors
Amazon on Thursday projected a surge of more than 50% in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down 9% in after-hours trading. It is the latest sign that Big Tech will not be hitting the brakes any time soon on hefty AI…
Read MoreStocks to watch: CICT, Nio, Clar, CDL, HPH Trust, Low Keng Huat, First Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Feb 6): CapitaLand Integrated Commercial Trust (CICT) : The trust on Friday posted a distribution per unit (DPU) of S$0.0596 for the second half ended December, up 9.4 per cent year on year from S$0.0545. The growth came despite…
Read MoreRoblox forecasts strong annual bookings as gaming platform momentum grows
Roblox forecast fiscal 2026 bookings of between US$8.28 billion and US$8.55 billion, above estimates Published Fri, Feb 6, 2026 · 08:25 AM ROBLOX forecast fiscal 2026 bookings above Wall Street expectations on Thursday, signaling another year of strong growth in player spending and engagement as the videogame platform aggressively looks to capture 10 per cent…
Read MoreWinklevosses’ Gemini to cut jobs, scale down in crypto retreat
The twins have donated millions of dollars to causes supporting US President Donald Trump and the Republican party Published Fri, Feb 6, 2026 · 08:16 AM [LONDON] The crypto exchange run by billionaires Tyler and Cameron Winklevoss is slashing as much as 25 per cent of its workforce and winding down operations in the UK,…
Read MoreCapitaLand Integrated Commercial Trust’s H2 DPU rises 9.4% to S$0.0596
[SINGAPORE] The manager of CapitaLand Integrated Commercial Trust (CICT) posted a distribution per unit (DPU) of S$0.0596 for the second half ended December, up 9.4 per cent from S$0.0545 in the year-ago period. This brings DPU for FY2025 to S$0.1158, up 6.4 per cent year on year from S$0.1088. Based on the closing price of…
Read MoreBombshell memo reveals city knew about potential risks of deadly 9/11 toxins: ‘Shameful’
A bombshell memo made public Thursday proves the city knew about the potential risks of Sept. 11, 2001 toxins weeks after the terror attacks — as officials told New Yorkers it was safe to return to Lower Manhattan, local pols said. City Council Speaker Julie Menin and Councilwoman Gale Brewer (D-Manhattan) unveiled the October 2001…
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