Culture
Crypto sees more than US$6 billion in liquidations
(Bloomberg) – Cryptocurrency prices tumbled after US President Donald Trump said he would impose an additional 100 per cent tariff on China and export controls on software. Traders saw...
Apple sued over use of copyrighted books to train Apple Intelligence
A separate group of authors sue the company last month for allegedly misusing their work in artificial intelligence trainingAPPLE was hit with a lawsuit in California federal court by...
Bitcoin extends decline to US$104,782 as Trump escalates US-China trade war
[BENGALURU] Bitcoin, the world’s largest cryptocurrency by market value, extended declines on Friday (Oct 10) after US President Donald Trump escalated his trade conflict with China.Trump on Friday said...
Morgan Stanley seeks to redeem cash from Jefferies’ Point Bonita fund, source says
[NEW YORK] Morgan Stanley’s asset management unit asked investment bank Jefferies to return some money it invested in the latter bank’s Point Bonita Capital fund, according to a person...
Europe: Trump’s fresh tariff threats knock Europe stocks to weekly loss in last-minute slide
[BENGALURU] European shares tanked on Friday (Oct 10), erasing weekly gains in a last-minute slide as renewed trade war fears sparked by fresh threats from US President Donald Trump...
US: S&P 500 ends down 2.7% after Trump warns of big China tariffs
[NEW YORK] Wall Street stocks tumbled Friday (Oct 10) after US President Donald Trump threatened “massive” tariffs on China, reviving trade war worries after months of improving relations between...
Trump tariff threat pushes oil to five-month low
[HOUSTON] Brent and US crude futures fell more than US$2 a barrel, or more than 3 per cent, on Friday (Oct 10) as US President Donald Trump’s threat to...
US: Wall Street opens slightly higher as traders buy the dip ahead of sentiment data
[NEW YORK] Wall Street’s main indexes opened slightly higher on Friday, as investors sought to buy the dip following a brief pullback, while awaiting the consumer sentiment data for...
Tesla’s China shipments rise at start of busy sales season
The carmaker shipped 90,812 units from the plant last month, up 2.8% from a year earlierSHIPMENTS from Tesla’s Shanghai factory increased in September as China’s car market kicks off...
Gold’s record run creates new rulebooks for investors
Its soaring run comes as investors bet heavily on US rate cuts and concern grows about the greenback’s role as the world’s top reserve currency[LONDON] Investors are testing well-established...
