Newsfeed – Business News
IBM goes all-in on quantum: US$10b, a 2029 deadline, and a chip called Anderon
NEW YORK, May 29 — IBM says it will spend more than US$10 billion (RM40 billion) over the next five years on quantum computing — a cutting-edge technology that could […]
Market whiplash: Asia stocks surge, oil slides on fresh hopes for US-Iran ceasefire extension
HONG KONG, May 29 — Asian stock markets surged and oil prices receded today, boosted by optimism that the United States and Iran will reach a deal to end their […]
US growth revised down, inflation hits highest level since 2023
WASHINGTON, May 29 — The US economy expanded less than initially estimated in the first quarter, government data showed yesterday, while a key inflation gauge separately hit a three-year high […]
AI giant Anthropic raises US$65b, overtakes OpenAI with near-trillion-dollar valuation
SAN FRANCISCO, May 29 — Artificial intelligence company Anthropic said yesterday it had raised US$65 billion (RM258 billion) in a new funding round that values the Claude maker at US$965 […]
Trump could become first living US president on banknote under proposed US$250 bill
WASHINGTON, May 29 — President Donald Trump could soon appear on a new US$250 bill, in the Republican’s latest move to shatter US traditions by putting his personal stamp on […]
Bursa starts Friday in the green after Wall Street records
KUALA LUMPUR, May 29 — Bursa Malaysia pared yesterday’s losses to open higher on Friday, tracking overnight gains on Wall Street as investor sentiment improved amid easing geopolitical tensions between […]
Ringgit strengthens towards RM3.97 against US dollar on ceasefire hopes
KUALA LUMPUR, May 29 — The ringgit opened higher against the greenback on Friday amid news about the possible United States-Iran truce, which is expected to have a positive impact […]
S&P 500, Nasdaq hit record highs on US-Iran ceasefire hopes and AI rally
NEW YORK, May 29 — The S&P 500 and the Nasdaq posted record closing highs yesterday after news reports said the US and Iran had reached a draft agreement to […]
Will the risk pay off? Ferrari’s first EV sparks backlash among fans as carmaker presses on
Luce’s design baffles fans, politicians and former executives Social media flooded with unflattering memes Analysts say publicity welcome, but sales will determine success ROME, May 29 — If Ferrari wanted to […]
AI bosses walk back mass unemployment fears as public backlash grows
WASHINGTON, May 28 — The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI’s promised […]