Singapore’s central bank, the Monetary Authority of Singapore, has taken action to address challenges in the city-state’s stock market. A task force has been established to evaluate measures aimed at improving the vibrancy of the Singapore equities market. Despite the Straits Times Index showing growth in recent years, Singapore’s stock market has faced issues such
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Apple continues to impress with its fiscal third-quarter earnings, surpassing analysts’ expectations on both the top and bottom lines. The stock saw a slight increase in after-hours trading, reflecting investor confidence in the tech giant’s ability to deliver strong results. However, Apple will need to maintain this momentum in the face of stiff competition and
Jenny Hunnicutt decided to take her love for travel to the next level by embarking on a 274-night cruise around the world aboard Royal Caribbean’s Serenade of the Seas. This journey, which gained viral attention on TikTok, was a unique opportunity for Hunnicutt and her husband, both remote workers, to combine work and leisure in
Eli Lilly’s recent release of late-stage trial data on their weight loss drug, Zepbound, is making waves in the medical community. The findings from the study revealed significant benefits for patients with heart failure and obesity, shedding light on the potential of GLP-1 drugs beyond their traditional use. The study showed that patients who took
Wayfair, an online home goods company, recently reported a decline in sales in its fiscal second quarter. The company’s CEO, Niraj Shah, described the current slowdown in the home goods category as “unprecedented” and compared it to the 2008 financial crisis. According to Shah, the company’s credit card data indicates that the category correction now
Barclays recently reported a second-quarter net profit of £1.2 billion, which is slightly lower compared to the previous year. The lender’s net interest income in its core U.K. units experienced a decline, which impacted the overall profit. Analysts had expected a lower net profit of £1.03 billion for the period, and the actual figure surpassed
Bill Ackman’s Pershing Square USA recently made headlines by withdrawing plans for an initial public offering (IPO) after apparent lackluster investor demand. Originally, Ackman had ambitious plans to model his fund after Berkshire Hathaway, but those plans were put on hold due to the unmet expectations of potential investors. Despite the setback, Ackman remains determined
The Federal Reserve officials recently decided to keep short-term interest rates steady, but hinted that inflation is approaching its target. This development could potentially lead to future interest rate cuts. Despite the indication of inflation nearing its goal, there was no clear indication that a rate cut is imminent. The decision to maintain the current
Vice President Kamala Harris has emphasized that one of the primary objectives of her presidency would be to build up the middle class. She firmly believes that a strong middle class is crucial for the overall strength of America. Harris envisions providing relief to families from the high cost of living, enabling them not just
As Meta gears up to report its second-quarter earnings, analysts are closely watching for the results. The expected earnings per share are $4.73 with revenue projected at $38.31 billion. There is anticipation for a sales growth of 20% from the previous year, as Meta’s business looks to rebound from a tough 2022. This was a