Posts by Liam Redmond
China chipmaker MetaX jumps 755% after wildly oversubscribed IPO
Chinese IPOs have been strong this year, averaging a 250% pop on the first trading day [SHANGHAI] MetaX Integrated Circuits Shanghai soared in its first day of trading on Wednesday (Dec 17), the latest outsized debut by a Chinese chipmaker after similar gains by Moore Threads Technology earlier this month. MetaX jumped as much as…
Read MoreExclusive | Dodgers fan puts historic Shohei Ohtani ball up for auction after rejecting $2 million offer
The Dodgers fan who caught Shohei Ohtani’s third home run from his historic NLCS Game 4 in October has turned down a $2 million offer for the souvenir and is now opting to try his luck with the piece at auction instead. David Flores told The Post on Monday he made the bold decision earlier…
Read MoreWarner Bros likely to reject US$108 billion Paramount bid, back Netflix in bidding war: sources
WARNER Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s US$108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer, according to sources familiar with the matter. The decision to recommit to Netflix’s buyout offer would mark the latest twist in the race for…
Read MoreWarner Bros Discovery board rejects rival bid from Paramount
[LOS ANGELES] Warner Bros Discovery’s board rejected Paramount Skydance’s US$108.4 billion hostile bid on Wednesday (Dec 17), saying it failed to provide adequate financing assurances. In a letter to shareholders, disclosed in a regulatory filing, the board wrote that Paramount had “consistently misled” Warner Bros shareholders that its US$30-per-share cash offer was fully guaranteed, or…
Read MoreHacking group ‘ShinyHunters’ threatens to expose premium users of sex site Pornhub
Three of the affected people confirmed to Reuters that they had signed up to Pornhub’s premium service [WASHINGTON] The hacking group “ShinyHunters” said on Tuesday it has stolen data belonging to premium customers of the leading sex website Pornhub and is threatening to publish it. Although Reuters could not immediately establish the scope, scale, or…
Read MoreRBNZ expects new bank capital requirements to lower rates
[WELLINGTON] New Zealand’s central bank is reducing capital requirements for lenders and expects that to benefit consumers through lower interest rates and more competition. “These new settings will reduce the overall cost of deposit takers’ funding, which we expect to see passed on as benefits to New Zealanders through increased lending and reduced rates, which…
Read MoreTesla eyes battery-cell production in Germany from 2027: report
Europe continues to trail China in the development of large-scale cell-production capacity [BERLIN] Tesla plans to launch battery-cell production at its plant outside Berlin as soon as 2027, German press agency DPA reported. Elon Musk’s sole European electric vehicle (EV) factory in Grunheide is preparing to produce up to eight gigawatt-hours of cells annually, DPA…
Read MoreGrok spews misinformation about deadly Australia shooting
ELON Musk’s AI chatbot Grok churned out misinformation about Australia’s Bondi Beach mass shooting, misidentifying a key figure who saved lives and falsely claiming that a victim staged his injuries, researchers said on Tuesday. The episode highlights how chatbots often deliver confident yet false responses during fast-developing news events, fueling information chaos as online platforms scale back…
Read MoreMUFG, SMFG among Japanese firms piling into India for growth
The total volume of deals targeting Indian companies has climbed 15% this year to almost US$90 billion [MUMBAI] Japanese companies are expanding in India, making it one of the busiest corridors for dealmaking in Asia, particularly in financial services. Among them, Mitsubishi UFJ Financial Group (MUFG) might invest more than 500 billion yen (S$4.2 billion)…
Read MoreSleep like Ralph Lauren this Christmas — without the designer price tag
New York Post may be compensated and/or receive an affiliate commission if you click or buy through our links. Featured pricing is subject to change. This season, the Wayfair Basics 1800 Series Soft Microfiber Sheet Set is becoming a holiday essential for anyone chasing that cozy, Ralph Lauren–inspired winter aesthetic without the designer price tag…
Read MoreEuropean equities end lower as investors assess US data; defence firms tumble
EUROPEAN shares dipped on Tuesday, led by sharp declines in defence and energy shares, with investors parsing disappointing domestic and US jobs data. The pan-European Stoxx 600 fell 0.47 per cent to 579.80, after marking its biggest one-day gain in close to three weeks on Monday. Most major regional bourses were in the red with benchmark indexes…
Read MoreUS stocks ends mixed after paring earlier losses
WALL Street’s main indexes pared some losses on Tuesday afternoon with the Nasdaq closing up, and the S&P 500 and the Dow closing lower, impacted by declines in healthcare and energy stocks. Investors evaluated delayed economic data to gauge the Federal Reserve’s monetary policy outlook for next year. A Labor Department report showed nonfarm payrolls increased…
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