Singapore reported April headline inflation at 1.8%, below the expected 2%, and core inflation at 1.4%, also under forecasts. The Monetary Authority of Singapore warned that imported cost pressures could rise due to energy and supply chain issues linked to Middle East developments. Meanwhile, Singapore sharply revised its first-quarter GDP growth to 6%, surpassing earlier estimates. The government projects 2026 growth between 2%-4% amid ongoing global energy disruptions, with MAS having tightened monetary policy in April to manage inflation risks.
Schaeffler's stock rating is maintained at 'Hold' with a reduced price target of €4 per share due to ongoing structural and execution challenges. The company's e-mobility division continues to report significant negative EBIT margins, which offset pr...
Gold and silver prices increased due to a weaker U.S. dollar and lower U.S. Treasury yields, driven by a drop in oil prices following eased tensions in the Strait of Hormuz. Spot gold rose over 1% to $4,560 and silver reached $78 per ounce. The decli...
GRASS is a decentralized physical infrastructure network (DePIN) focusing on crowdsourcing public web data for AI training. It enables individuals to share unused bandwidth to gather specialized, fresh datasets for AI model builders, who pay for comp...
Grindr's board has rejected a takeover offer of $18 per share, believing it undervalues the company's growth prospects. Despite a slowdown in competitors like Match Group and Bumble, Grindr continues to grow revenue by over 30% year-over-year. The co...
Sei, a blockchain originally built on Cosmos, is considering a shift to an EVM-only platform, prioritizing Ethereum-compatible smart contracts over Cosmos-native CosmWasm. This move aims to leverage Ethereum's broader developer tools, liquidity, and ...
