CapitaLand Ascendas Reit was the STI’s biggest gainer, up 2 per cent to $2.61, with Sembcorp Industries at the other end of the spectrum, down 2.2 per cent to $5.43. The local banks were mixed. OCBC Bank lost 0.3 per cent to $17.04 and UOB fell 0.4 per cent to $36.87, but DBS Bank gained 0.3 per cent to $43.73.

The Dow Jones Industrial Average added 0.9 per cent while the Nasdaq advanced 0.2 per cent.

DeepSeek R1 rivals top AI models like GPT-4 and Llama at a fraction of the cost, potentially redefining AI development, deployment, and pricing

The Monetary Authority of Singapore forecast slower growth and contained inflation at home amid rising uncertainty from trade frictions abroad.

For 2024, core inflation averaged 2.4%, pulling back sharply from the 4.2% rate seen in 2023. The headline measure came in at 2.7% versus 4.8% in 2023, suggesting that policymakers' efforts to tame price pressures have been a success.

Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.

We recently published a list of 12 Most Promising Growth Stocks According to Wall Street Analysts. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other most promising growth stocks according to Wall Street analysts.

TESLA said it was on track to roll out new, cheaper electric vehicle (EV) models in the first half of 2025, as its quarterly profit and revenue fell short of Wall Street expectations on Wednesday (Jan 29) due to discounts and financing offers.

WITH uncertainty swirling around the outlook for inflation and interest rates, there’s been one dependable catalyst keeping Wall Street’s spirits lifted: Corporate America’s bottom line. Read more at The Business Times.

MICROSOFT on Wednesday (Jan 29) forecast disappointing growth in its cloud computing business, sending its shares down more than 5 per cent as investors worry about big spending, elusive artificial intelligence (AI) revenue and growing competition from cheaper AI models from China.

Yaroslav Trofimov is the chief foreign-affairs correspondent of The Wall Street Journal ... Middle East and Singapore-based Asia correspondent, as bureau chief in Afghanistan and Pakistan ...

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