Latest Business News
US Stock Markets Closed for Presidents' Day Holiday
The NYSE and Wall Street will not conduct normal trading on February 16 due to the federal Presidents' Day holiday. S&P 500, Nasdaq, and Dow Jones remain shut, impacting global investors.
US Inflation Cools More Than Expected in January
Consumer prices rose 2.4% year-over-year, down from December's 2.7% and below forecasts. An underlying measure hit its least-painful level in nearly five years, easing Treasury yields.
This supports hopes for Federal Reserve rate cuts.
S&P 500 Steadies After AI-Driven Selloff
US stocks steadied Friday post-inflation data, with S&P 500 barely moving after a sharp prior drop. Dow rose 0.1%, Nasdaq slipped 0.2%, amid AI worries reshaping business models.
Nvidia Weighs on S&P 500 with 2.2% Decline
Nvidia fell 2.2%, exerting heavy influence on the S&P 500 as Wall Street's largest stock. Its drop reflects ongoing AI sector volatility and investor concerns.
AppLovin Rebounds 6.4% Amid AI Fears
AppLovin surged 6.4% Friday after losing nearly 20% Thursday despite strong profits. Investors fear AI competitors disrupting software firms like it.
Malaysian Economy Forecast to Grow 4-4.5% This Year
Bank Negara predicts growth from stronger spending, exports, and firmer ringgit. This outlook signals resilience in Southeast Asia's key economy.
Singapore Budget 2026 Boosts AI Champions and Vouchers
Highlights include AI 'champions', foreign worker tweaks, and more CDC vouchers. Government's AI push aims to spur one-north tech hub interest.
iFast Rebrands FSMOne to FSM Global in New Model
iFast unveils 'Truly Global Business Model', rebranding to expand internationally. This positions it for broader fintech growth.
ThaiBev Q1 EBITDA Rises 1.8% Despite Revenue Dip
ThaiBev reported 16.7 billion baht EBITDA, up 1.8% year-on-year. Anutin's win stabilizes Thai politics ahead of economic challenges.
Wall Street Banks Pay CEOs Like 2006 Peak
Compensation for top bankers returns to pre-crisis levels amid strong profits. This reflects robust financial sector performance.
Ford CEO Discusses China-US Carmaking JVs with Trump Officials
Talks focus on joint ventures amid trade tensions. US-Japan ties deepen as Tokyo counters China pressure.
EU Trade Hit by US Tariffs and Chinese Competition
Data shows ongoing impacts from tariffs and rival exports. This pressures European business sectors.