Amazon.com Inc. said a “small number of roles” in Singapore will be impacted as it phases out local fulfillment including Amazon Fresh in the city-state. The move is part of a broader shift toward international e-commerce and prioritizes growing demand in Singapore for products sourced from overseas, Amazon said in a statement on Thursday. Amazon Fresh and grocery partnerships with Little Farms an...
Amazon.com Inc. said a “small number of roles” in Singapore will be impacted as it phases out local fulfillment including Amazon Fresh in the city-state. The move is part of a broader shift toward international e-commerce and prioritizes growing demand in Singapore for products sourced from overseas, Amazon said in a statement on Thursday. Amazon Fresh and grocery partnerships with Little Farms and A.S. Watson Group will be discontinued from July 6, the company said in a separate email update to members. “We’re responding by increasing our investment in what customers tell us they want most,” said Peter Li, Amazon Singapore country manager. The e-commerce giant is helping affected workers find new roles within the company and offering severance payments and career transition services for those who are unable to. Amazon said it’s working to transition vendors and sellers to alternative ways to continue serving customers in Singapore and remains committed to the island. It employs 2,500 people in Singapore across its retail, global selling, entertainment, devices and Amazon Web Services businesses. The company didn’t immediately respond to an email request for comment. Amazon said in January it would cut 16,000 corporate roles globally as part of a drive to reduce bureaucracy and “increase ownership.” It also announced the closure of its Amazon-branded grocery stores and automated grab-and-go outlets, removing two key elements of its expansion into physical retail.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, May 6, 2026. Michael Nagle | Bloomberg | Getty Images Futures linked to the S&P 500 edged higher early Thursday after the index touched new highs, buoyed by hopes that the U.S. and Iran were closing in on an agreement to end the war. S&P 500 futures moved 0.16% higher and Nasdaq 100 futures gained 0.19%....
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, May 6, 2026. Michael Nagle | Bloomberg | Getty Images Futures linked to the S&P 500 edged higher early Thursday after the index touched new highs, buoyed by hopes that the U.S. and Iran were closing in on an agreement to end the war. S&P 500 futures moved 0.16% higher and Nasdaq 100 futures gained 0.19%. Futures tied to the Dow Jones Industrial Average added 120 points, or 0.24%. Shares of DoorDash popped 10% in Wednesday's extended trading session after the food delivery giant issued rosy guidance for orders in its second quarter. Meanwhile, cybersecurity stock Fortinet climbed 16% after lifting its full-year billings guidance . During the day's regular session, the broad S&P 500 climbed 1.46%, while the tech-dominated Nasdaq Composite jumped 2.02%. Both indexes reached new intraday and closing highs. The Dow surged 612.34 points, or 1.24%. Stocks moved higher and oil prices cooled after Axios reported, citing sources, that the U.S. and Iran are nearing a deal to end the war. Specifically, two U.S. officials and two other sources briefed on the issue told the outlet that the White House believes it is nearing a one-page, 14-point memorandum of understanding to not only end the war, but also establish a framework for more detailed nuclear talks. Stocks came off their highs after President Donald Trump said that a deal was not finalized, saying that it was "perhaps, a big assumption " that Iran would accept the proposal. The president threatened to resume military strikes if it did not comply. "If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before," the president wrote in a Truth Social post . An Iranian foreign ministry spokesperson said to CNBC on Wednesday that Iran was evaluating a U.S. proposal for a resolution. Outside of these hopes for easing Middle East tensions, a strong earnings season has also boo...
3 Stocks You’ll Love to Own, But Hate To EncounterVerra Mobility (NASDAQ:VRRM) reported first-quarter 2026 results that management described as “a solid start to 2026,” with revenue aligned to internal expectations and profitability coming in slightly ahead due to favorable mix a
3 Stocks You’ll Love to Own, But Hate To EncounterVerra Mobility (NASDAQ:VRRM) reported first-quarter 2026 results that management described as “a solid start to 2026,” with revenue aligned to internal expectations and profitability coming in slightly ahead due to favorable mix a
Wondering whether Tesla's current US$398.73 share price offers good value, or whether expectations are running ahead of reality? This article breaks down what the numbers actually say. The stock has returned 4.5% over the last 7 days and 15.0% over the last 30 days, while the 1 year return sits at 40.0% and the 3 year and 5 year returns are 131.7% and 109.2% respectively, with a year to date retur...
Wondering whether Tesla's current US$398.73 share price offers good value, or whether expectations are running ahead of reality? This article breaks down what the numbers actually say. The stock has returned 4.5% over the last 7 days and 15.0% over the last 30 days, while the 1 year return sits at 40.0% and the 3 year and 5 year returns are 131.7% and 109.2% respectively, with a year to date return of a 9.0% decline. Recent headlines around Tesla have focused on ongoing debates about...
Alibaba Group Holding (NYSE:BABA) is expanding its global cloud footprint with new data center regions in Brazil, France, and the Netherlands. The company is increasing capital expenditure to support rising AI infrastructure demand across international markets. Alibaba has designated Hong Kong as its base for international expansion, securing prime office space for its global headquarters. Chinese...
Alibaba Group Holding (NYSE:BABA) is expanding its global cloud footprint with new data center regions in Brazil, France, and the Netherlands. The company is increasing capital expenditure to support rising AI infrastructure demand across international markets. Alibaba has designated Hong Kong as its base for international expansion, securing prime office space for its global headquarters. Chinese CIOs rank Alibaba among the top companies for expected AI spending, reinforcing its role in...
Alllex/E+ via Getty Images By Christopher Gannatti, CFA For decades, portfolio construction has revolved around a simple constraint: you have 100 percent of a total allocation, and every new addition requires taking a portion from somewhere else. That constraint has shaped everything as we look at the dominance of 60/40 portfolios and the difficulty of incorporating alternatives without sacrificin...
Alllex/E+ via Getty Images By Christopher Gannatti, CFA For decades, portfolio construction has revolved around a simple constraint: you have 100 percent of a total allocation, and every new addition requires taking a portion from somewhere else. That constraint has shaped everything as we look at the dominance of 60/40 portfolios and the difficulty of incorporating alternatives without sacrificing expected return. Introducing WisdomTree’s Efficient Capital Framework WisdomTree’s Efficient Capital framework was not introduced as a theoretical concept, and it was launched into the market in 2018 with the debut of the WisdomTree U.S. Efficient Core Fund ( NTSX ). NTSX represented the practical implementation of an idea that had largely lived in institutional portfolios and academic journals for decades. By combining a 90% allocation to U.S. equities with a 60% exposure to U.S. Treasury futures, the strategy delivered approximately 150% notional exposure, effectively recreating a traditional 60/40 portfolio, but doing so more efficiently, using less capital for the same overall notional exposure. The innovation wasn’t leverage for its own sake. It was about solving a structural inefficiency in portfolio construction, thereby freeing up capital without giving up core exposures. Since 2018, WisdomTree has expanded its range of options within the broader Efficient Capital Framework, and we think gold offers one of the most illustrative examples of helping investors solve a classic portfolio conundrum. Filling the Gap: Why Gold Might Belong in an Efficient Portfolio One of the most intuitive uses of newly created portfolio “space” is gold, an asset that has served as a store of value for centuries, yet remains persistently debated in modern portfolio construction. Unlike equities or bonds, gold does not generate cash flows. It pays no dividends, earns no interest and compounds nothing. In 2011, Warren Buffett famously stated “Today the world’s gold stock is about 170,000 m...
DoorDash revealed a set of financial results and guidance that didn’t blow away analyst expectations but the stock nonetheless was rallying in premarket trade on Thursday.
DoorDash revealed a set of financial results and guidance that didn’t blow away analyst expectations but the stock nonetheless was rallying in premarket trade on Thursday.
On today's show, the US and Iran are considering a fresh proposal to end the war, as the US President searches for an exit from the conflict. Donald Trump says Iran has agreed that it cannot have a nuclear weapon, though Iranian state media have signaled that parts of the US proposal are unrealistic. Bloomberg understands that China has told its biggest banks to suspend new loans to five refiners ...
On today's show, the US and Iran are considering a fresh proposal to end the war, as the US President searches for an exit from the conflict. Donald Trump says Iran has agreed that it cannot have a nuclear weapon, though Iranian state media have signaled that parts of the US proposal are unrealistic. Bloomberg understands that China has told its biggest banks to suspend new loans to five refiners sanctioned by the US - reversing guidance from just four days ago. Plus the German maker of medical equipment, Siemens Healthineers, cuts its full-year comparable sales forecast, saying the weaker outlook reflects structural changes in China's diagnostics market, along with stronger inflation pressures. Today's guest: Bernd Montag, Siemens Healthineers, CEO. Correct: Video edited at 00;01;20 to reflect German factory orders in graphic. Correct: Video edited at 00;39;19 to replace incorrect graphic. (Source: Bloomberg)
Medvedev: Russia Must Instill 'Animal Fear' In EU Warmongers As Goodwill Measures Futile Head of the Russian Security Council and former president, Dmitry Medvedev, has penned an article ahead of the 81st anniversary of Soviet victory over Nazi Germany, or Russia's V-Day, lambasting Europe's new path of reckless militarization. As widely featured in state media, he argued that the "animal fear" of...
Medvedev: Russia Must Instill 'Animal Fear' In EU Warmongers As Goodwill Measures Futile Head of the Russian Security Council and former president, Dmitry Medvedev, has penned an article ahead of the 81st anniversary of Soviet victory over Nazi Germany, or Russia's V-Day, lambasting Europe's new path of reckless militarization. As widely featured in state media, he argued that the "animal fear" of unacceptable losses will prevent Germany and the wider "United Europe" from launching another attack against Russia. He wrote , "It is no secret that an attempt is being made to impose on us the doctrine of ‘peace through strength’. Our response then can only be ' the security of Russia through the animal fear of Europe.' " Anadolu Agency He stressed that "neither persuasion, nor demonstration of good intentions, nor goodwill and unilateral confidence-building steps should be our tools to prevent a big massacre ." "Only the formation of an understanding among Germany and the United Europe supporting it of the inevitability of their receiving unacceptable damage in the event of the implementation of the Barbarossa 2.0 plan," Medvedev concluded. RT reviews and pinpoints why Medvedev is taking direct aim at Berlin in his written piece : German Chancellor Friedrich Merz openly vowed to turn the German military into the “strongest conventional army in Europe” in a speech just days after the world marked the 80th anniversary of the fall of the Third Reich last May. Last month, the German Defense Ministry unveiled a plan to reach this goal and field 460,000 combat-ready personnel by 2039, the 100th anniversary of Adolf Hitler’s invasion of Poland . German and other EU officials repeatedly cited 2029 as the first stage deadline to be “war-ready” for a potential conflict with Russia. It is true that even after 4+ years of grinding war in eastern Europe, the Western powers have yet to intervene directly by sending their own forces, and after losses on both the Ukrainian and Russian ...