Palantir (PLTR) is having the kind of year that most data analytics companies can only dream about. The AI-focused company's financial statistics are incredibly strong, strapped, in effect, to a rocket ship. Still, headlines find a way to complicate the trade. Shares have recently changed hands for ...
Palantir (PLTR) is having the kind of year that most data analytics companies can only dream about. The AI-focused company's financial statistics are incredibly strong, strapped, in effect, to a rocket ship. Still, headlines find a way to complicate the trade. Shares have recently changed hands for ...
Oil gained as traders weighed the odds of a nuclear agreement between the US and Iran ahead of talks on Thursday, as a huge deployment of American forces in the Middle East kept the market on edge. West Texas Intermediate was around $66 a barrel after closing 1% lower in the previous session. Brent settled below $71. Secretary of State Marco Rubio and the director of the Central Intelligence Agenc...
Oil gained as traders weighed the odds of a nuclear agreement between the US and Iran ahead of talks on Thursday, as a huge deployment of American forces in the Middle East kept the market on edge. West Texas Intermediate was around $66 a barrel after closing 1% lower in the previous session. Brent settled below $71. Secretary of State Marco Rubio and the director of the Central Intelligence Agency briefed senior lawmakers about Iran on Tuesday as the military build-up fueled speculation of an attack. President Donald Trump said this week his preference was for diplomacy, but warned no deal would be “ very bad ” for Tehran. The oil market is sensitive to headlines tied to Iran, with prices rallying at the start of the year, despite widespread expectations swelling supplies would weigh on futures. Trump’s special envoy Steve Witkoff and his son-in-law Jared Kushner are slated to meet again with Iranian Foreign Minister Abbas Araghchi for talks in Geneva on Thursday. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for April delivery rose 0.6% to $ 66.02 a barrel at 7:32 a.m. in Singapore. Brent for April settlement closed 1% lower at $ 70.77 a barrel on Tuesday.
(RTTNews) - The Malaysia stock market on Tuesday ended the four-day winning streak in which it had climbed almost 20 points or 1.1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,755-point plateau although it figures to bounce higher again on Wednesday.
(RTTNews) - The Malaysia stock market on Tuesday ended the four-day winning streak in which it had climbed almost 20 points or 1.1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,755-point plateau although it figures to bounce higher again on Wednesday.
Stocks rebound despite President Trump's new global tariffs. The gains occur as Meta Platforms agrees to buy more than $100 billion in artificial-computing power from Advanced Micro Devices. Plus, Home Depot shares gain as the home-improvement retailer posts strong quarterly results.
Stocks rebound despite President Trump's new global tariffs. The gains occur as Meta Platforms agrees to buy more than $100 billion in artificial-computing power from Advanced Micro Devices. Plus, Home Depot shares gain as the home-improvement retailer posts strong quarterly results.
A Malaysian resort offering pangolin soup and meat for an “exquisite” experience for tourists is going to pay dearly after authorities swooped in on their illegal activities. In an integrated crackdown dubbed “Ops Khazanah” on Monday, Sabah Wildlife Department (SWD) officials, together with the police, raided a resort in Semporna district after getting information that the operators were storing a...
A Malaysian resort offering pangolin soup and meat for an “exquisite” experience for tourists is going to pay dearly after authorities swooped in on their illegal activities. In an integrated crackdown dubbed “Ops Khazanah” on Monday, Sabah Wildlife Department (SWD) officials, together with the police, raided a resort in Semporna district after getting information that the operators were storing and serving the protected species. “During the raid, a live pangolin as well as several pots...
The Securities and Futures Commission (SFC) has secured for the first time separate court orders in Hong Kong and the UK to freeze HK$4.3 million (US$552,948) in assets belonging to three alleged insider traders – including a former Hong Kong Exchanges and Clearing (HKEX) staffer – who have left the city. The city’s Court of First Instance granted a worldwide interim injunction order against the t...
The Securities and Futures Commission (SFC) has secured for the first time separate court orders in Hong Kong and the UK to freeze HK$4.3 million (US$552,948) in assets belonging to three alleged insider traders – including a former Hong Kong Exchanges and Clearing (HKEX) staffer – who have left the city. The city’s Court of First Instance granted a worldwide interim injunction order against the trio – former HKEX listing division staffer Chan Ching-wa and his relatives Lam Cho-man and Chau...
Famed “Big Short” investor Michael Burry has issued a scathing warning to Silicon Valley, alleging that tech giants are employing aggressive accounting maneuvers to mask the true costs of the AI infrastructure race. The ‘Sinister’ Accounting Trick Burry, in an X post, targeted a group of Big Tech companies, including Microsoft Corp. (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), and Me...
Famed “Big Short” investor Michael Burry has issued a scathing warning to Silicon Valley, alleging that tech giants are employing aggressive accounting maneuvers to mask the true costs of the AI infrastructure race. The ‘Sinister’ Accounting Trick Burry, in an X post, targeted a group of Big Tech companies, including Microsoft Corp. (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), and Meta Platforms Inc. (NASDAQ:META), accusing them of “understating depreciation” to protect their botto
Hong Kong Financial Secretary Paul Chan Mo-po will deliver his annual budget on Wednesday, unveiling measures to accelerate the city’s economic recovery after balancing the books, amid mounting expectations for more “sweeteners” in the blueprint. The 2026-27 budget also marks the government’s first major test in aligning the city with mainland China’s 15th five-year plan and unveiling long-term gr...
Hong Kong Financial Secretary Paul Chan Mo-po will deliver his annual budget on Wednesday, unveiling measures to accelerate the city’s economic recovery after balancing the books, amid mounting expectations for more “sweeteners” in the blueprint. The 2026-27 budget also marks the government’s first major test in aligning the city with mainland China’s 15th five-year plan and unveiling long-term growth initiatives. The South China Morning Post examines how political and economic factors will...
Disease, which causes people to stop breathing while asleep, linked to increased risk of heart attack and stroke Obstructive sleep apnoea costs the US and UK economies more than £137bn a year, according to research . People with the serious health condition repeatedly stop breathing temporarily while asleep; they tend to snore very loudly and can wake up gasping for breath. Continue reading...
Disease, which causes people to stop breathing while asleep, linked to increased risk of heart attack and stroke Obstructive sleep apnoea costs the US and UK economies more than £137bn a year, according to research . People with the serious health condition repeatedly stop breathing temporarily while asleep; they tend to snore very loudly and can wake up gasping for breath. Continue reading...
Torsten Asmus/iStock via Getty Images By Jennifer Nash The Conference Board's Consumer Confidence Index inched up in February, rising 2.2 points to 91.2. The latest reading was higher than the forecast of 87.4. The latest reading puts the index in the 36th percentile of the data series. The Present Situation Index, which is based on consumers' assessment of current business and labor market condit...
Torsten Asmus/iStock via Getty Images By Jennifer Nash The Conference Board's Consumer Confidence Index inched up in February, rising 2.2 points to 91.2. The latest reading was higher than the forecast of 87.4. The latest reading puts the index in the 36th percentile of the data series. The Present Situation Index, which is based on consumers' assessment of current business and labor market conditions, fell 1.8 points to 120.0. Meanwhile, the Expectations Index, which is based on consumers' short-term outlook for income, business, and labor market conditions, rose 4.8 points to 72.0. Note that a level of 80 or below for the Expectations Index historically signals a recession within the next year, and the index has been below 80 since February 2025. “Confidence ticked up in February after falling in January, as consumers’ pessimistic expectations for the future eased somewhat,” said Dana M Peterson, Chief Economist, The Conference Board . “Four of five components of the Index firmed. Nonetheless, the measure remained well below the four-year peak achieved in November 2024 (112.8).” Peterson added: “Consumers’ write-in responses on factors affecting the economy continued to skew towards pessimism. Comments about prices, inflation, and the cost of goods remained at the top of consumer’s minds. Mentions of trade and politics also increased in February. Labor market mentions eased a bit in February, while observations about immigration increased somewhat.” Read more Background on the Consumer Confidence Index The Conference Board Consumer Confidence Index measures the consumer attitudes and confidence in the economy, business conditions, and labor market, with higher readings indicating higher optimism. The general assumption is that when consumers are more optimistic, they will spend more and stimulate economic growth. However, if consumers are pessimistic, then spending will decline and the economy may slow down. The index is based on a 5-question survey, with 2 questi...