Newsfeed – Business News
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 […]
IJM Corp profit falls to RM3.24m in FY2026 despite higher revenue growth
KUALA LUMPUR, May 28 — IJM Corporation Bhd’s net profit dipped to RM3.24 million for the financial year ended March 31, 2026 (FY2026), from RM403.37 million in the corresponding period […]
Yoga pants giant Lululemon’s new CEO inherits US$1.8b war chest to revive brand after bitter feud
Incoming CEO Heidi O’Neill inherits $1.8 billion cash for potential brand turnaround Analysts say Lululemon must regain North American shoppers and expand overseas Investors cautious as leadership transition delays major […]
IOI Properties profit jumps over four times to RM1.95b on stronger sales and Singapore expansion
KUALA LUMPUR, May 28 — IOI Properties Group Bhd’s net profit surged more than fourfold to RM1.95 billion for the first nine months of FY2026, driven largely by fair value […]
Geopolitical jitters in West Asia push ringgit lower against US dollar at close
KUALA LUMPUR, May 28 — The ringgit closed lower against the US dollar on Thursday as escalating geopolitical tensions in West Asia increased demand for the greenback amid heightened risk […]
Temu hit with €200m EU fine for failing to tackle illegal and unsafe products
BRUSSELS, May 28 — The European Union (EU) has imposed a fine of €200 million (US$232 million) on the Chinese e-commerce giant Temu for offering illegal products on its platform, […]
Oil jumps, Asian stocks slide after fresh US strikes on Iran test fragile ceasefire
HONG KONG, May 28 — Oil prices bounced higher on today while Asian stocks fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in […]
HSBC strengthens investment in Malaysia with opening of third Premier Centre in Subang Jaya
KUALA LUMPUR, May 28 — HSBC Malaysia has opened an all-new Premier Centre at its Subang Jaya branch in the bustling Taipan Business Centre, marking its third newly […]