Author: skmd

Chinese automakers demand retaliatory tariffs on EU cars, state media reports

Posted on By skmd
Business, Digital Marketing

Chinese automakers have urged the Chinese government to raise tariffs on gasoline-powered cars imported from Europe in retaliation for Brussels’ export restrictions on Chinese-made electric cars, the state-run Global Times reported on Wednesday (June 19). At a closed-door meeting on Tuesday, also attended by European automakers, the report said, China’s auto industry “urged the government … Read More “Chinese automakers demand retaliatory tariffs on EU cars, state media reports” »

Singapore job vacancies rise despite rising unemployment: MOM report

Posted on By skmd
Business, Digital Marketing

Singapore job vacancies rose in March 2024 despite a slight increase in the number of unemployed. The latest quarterly report on the labour market paints a mixed picture. Nevertheless, the labour market remains tight with more vacancies than jobseekers, the Ministry of Manpower (MOM) said in its report on the final labour market data for … Read More “Singapore job vacancies rise despite rising unemployment: MOM report” »

Brent rises on Middle East war fears, WTI falls ahead of inventory report

Posted on By skmd
Business, Insurance

Brent crude futures rose slightly in early trade Thursday after Israeli tanks rolled into Gaza, while U.S. crude futures fell on expectations of rising crude inventories. Brent crude futures for August delivery rose 8 cents to $85.15 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June delivery fell 27 cents, or 0.3 … Read More “Brent rises on Middle East war fears, WTI falls ahead of inventory report” »

AI fever is driving Nvidia to become the world’s most valuable company

Posted on By skmd
Business, Investment, Technology

NEW YORK: NVIDIA has become the world’s most valuable company thanks to a staggering rise in its share price, highlighting how investors believe artificial intelligence will play a huge role in the global economy in the coming years. Nvidia shares rose 3.5% on Tuesday (June 18), giving it a market capitalization of about $3.34 trillion. … Read More “AI fever is driving Nvidia to become the world’s most valuable company” »

Digital payments and precious metals are among the high-risk sectors as

Posted on By skmd
Business, Credit, Crypto, Investment

Singapore updates its money laundering risk assessment Singapore: Gems and metals, and digital payments are two new sectors identified as high risk for money laundering activities, according to Singapore’s latest national risk assessment. The report, released on Thursday (20 June), also showed that the main threat to Singapore in this sector comes from domestic and … Read More “Digital payments and precious metals are among the high-risk sectors as” »

Trump Media shares continue to fall as SEC action threatens to hurt shareholders

Posted on By skmd
Business

Trump Media & Technology Group Corp. The company that runs former President Donald Trump’s Truth Social platform said Tuesday that regulators had allowed some investors to resell certain securities and exercised certain warrants. Trump Media & Technology DJT shares fell another 13.5% in after-hours trading Tuesday after dropping 9.82% after falling about 10% during regular … Read More “Trump Media shares continue to fall as SEC action threatens to hurt shareholders” »

Stock Market Today: Asian shares mixed after Wall Street hits new record

Posted on By skmd
Business, Credit, Crypto, Digital Marketing

Asian shares were mixed on Wednesday after U.S. benchmarks hit new records following the latest signs that the U.S. economy may slow without falling into recession. U.S. futures were mixed and oil prices were little changed. Tokyo’s Nikkei 225 index rose 0.2% to 38,575.54 as Japan’s trade data for May showed exports rose 13.5% from … Read More “Stock Market Today: Asian shares mixed after Wall Street hits new record” »

New York Fed’s John Williams said the bank will “ignore politics” and “rely on data” to make interest rate decisions

Posted on By skmd
Business

New York Fed’s John Williams said the bank will “ignore politics” and “rely on data” to make interest rate decisions Following the Fed’s latest meeting and interest rate decision, the New York Fed president and CEO discussed when interest rate cuts might come and what the November election means for the U.S. economy. “Our decision … Read More “New York Fed’s John Williams said the bank will “ignore politics” and “rely on data” to make interest rate decisions” »

Oil prices are stable despite rising U.S. inventories, but war fears are omnipresent

Posted on By skmd
Business

Oil prices were broadly stable on Wednesday, nearing a seven-week high, as the market weighed on demand concerns and fears of escalating conflict following an unexpected rise in U.S. crude oil inventories.Brent crude futures fell 34 cents to $84.99 a barrel by 8:32 a.m. Japan time, while U.S. West Texas Intermediate crude oil fell 43 … Read More “Oil prices are stable despite rising U.S. inventories, but war fears are omnipresent” »

Nvidia’s overnight gains lift Asian chip stocks on AI optimism

Posted on By skmd
Business, Credit, Crypto, Finance

Asia’s semiconductor and related stocks rose on Wednesday after chipmaker Nvidia became the world’s most valuable company thanks to the AI ​​boom. Nvidia rose 3.6% on Tuesday, giving the company a market capitalization of $3.34 trillion, surpassing Microsoft, which currently has a market capitalization of $3.32 trillion. Earlier this month, Nvidia hit the $3 trillion … Read More “Nvidia’s overnight gains lift Asian chip stocks on AI optimism” »

What will Apple’s AI do with your data?

Posted on By skmd
Business, Technology

Apple’s splashy announcement at this week’s Worldwide Developers Conference that it’s adding artificial intelligence to its products and partnering with ChatGPT maker OpenAI has raised many questions about how Apple’s AI products will work. The confusion is understandable. Apple is simultaneously launching its own suite of AI models and integrating ChatGPT into its devices and … Read More “What will Apple’s AI do with your data?” »