Singapore’s Monetary Authority has established a task force to evaluate measures aimed at improving the vibrancy of the city-state’s stock market. The focus will be on addressing market challenges, fostering listings, and facilitating market revitalization. It is crucial to acknowledge that Singapore’s stock market has been plagued by thin trading volumes and more delistings than
Apple managed to beat analysts’ estimates on both the top and bottom lines in the fiscal third quarter. Earnings per share came in at $1.40, exceeding the expected $1.35. Revenue also surpassed estimates, totaling $85.78 billion. Unfortunately, Intel did not fare as well, with shares plummeting 17% in extended trading. The company announced plans to
The late-stage trial data released by Eli Lilly regarding their weight loss drug, Zepbound, has shown significant benefits for patients suffering from a common type of heart failure and obesity. According to the findings, patients who were treated with Zepbound were 38% less likely to be hospitalized or die due to heart complications compared to
Online home goods company Wayfair faced a decline in sales in its fiscal second quarter, signaling a troubling trend in the industry. The CEO of Wayfair, Niraj Shah, referred to the current slowdown in the home goods category as “unprecedented” and compared it to the 2008 financial crisis. This decline has raised concerns among investors
Embarking on a long-term cruise journey is a dream for many, offering a unique opportunity for remote work while traveling the world. However, the tax implications of earning income while on a cruise ship can be complex and often overlooked. Despite being in international waters with a Bahamas flag flying atop the ship, American cruise
Barclays reported a second-quarter net profit attributable to shareholders of £1.2 billion, which was slightly lower than the same period last year. The net interest income in the core UK units fell, leading to a decline from the £1.3 billion logged in the second quarter of 2023. However, the revenue for the latest quarter came
Bill Ackman’s decision to withdraw plans for an initial public offering for Pershing Square USA reflects a shift in investor demand from the fund. Despite attempting to model the offering after Berkshire Hathaway, the initial excitement surrounding the IPO significantly waned, leading to the fund’s eventual withdrawal. Initially aiming to raise $25 billion, Pershing Square
The Federal Reserve officials recently stated that inflation is getting closer to its target, potentially paving the way for future interest rate cuts. While they did not explicitly mention an impending rate reduction, they acknowledged that progress has been made in improving economic conditions. The statement highlighted that risks related to achieving employment and inflation
Vice President Kamala Harris recently expressed that building up the middle class will be a crucial focus of her presidency. She emphasized that a strong middle class translates to a strong America. Harris believes that families need relief from the high cost of living to not only survive but thrive. Her proposed policy, the “LIFT
Meta is set to announce its second-quarter earnings, which are highly anticipated in the tech industry. Analysts are predicting earnings per share of $4.73 and revenue of $38.31 billion. The company is expected to show sales growth of 20% from the previous year, as it continues to recover from a challenging 2022. Advertising revenue is