DOGE ‘doesn’t exist’ with eight months left on its charter

U.S. President Donald Trump’s Department of Government Efficiency has disbanded with eight months left to its mandate, ending an initiative launched with fanfare as a symbol of Trump’s pledge to slash the government’s size but which critics say delivered few measurable savings. “That doesn’t exist,” Office of Personnel Management Director Scott Kupor told Reuters earlier … Read more

European defense stocks slide as U.S., Ukraine make progress on peace plan

A Rheinmetall MAN Military Vehicle on Nov. 20, 2024, in Donetsk Oblast, Ukraine. Yan Dobronosov | Global Images Ukraine | Getty Images European defense stocks fell on Monday as Ukraine and the U.S. made progress on peace proposals over the weekend. The Stoxx Europe Aerospace and Defense index was 0.8% lower at the start of the … Read more

Singapore inflation climbs to a near 1-year high as October price growth sharply exceeds estimates

Restaurants and bars in the Boat Quay district in Singapore, on Wednesday, May 17, 2023. Bloomberg | Bloomberg | Getty Images Singapore’s inflation rate rose for a second straight month, year on year, with price growth in October scaling a near 1-year high and topping analysts’ expectations. After reaching a 4-year low in August, consumer … Read more

At age 16, he spent $23 to buy a website domain. 9 years later, his blue-collar business brings in $1.3 million a year

Zames Chew and Amos Chew are the co-founders of Repair.sg. Courtesy of Repair.sg Growing up, Zames Chew thought he wanted to work a white-collar role at a company like Google, but his career took a different turn. Today, the 26-year-old runs the Singapore-based handyman service Repair.sg, alongside his 24-year-old brother and co-founder, Amos Chew. In … Read more

Could markets be facing an ‘everything bubble’? Investors are divided

Global stocks have fluctuated wildly over the past week, as concerns about AI valuations hang over equity markets. Some respite from a four-day sell-off followed Nvidia ‘s earnings release on Wednesday, but its own gains were quickly reversed during Thursday’s trading session as New York-listed stocks lost further ground . Friday saw U.S. stocks rebound … Read more

Dow futures rise over 100 points as market attempts rebound into the holiday week: Live updates

A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures climbed on Monday morning as the market seeks to rebound into the Thanksgiving holiday week after a slide that’s knocked the air out of this year’s AI bull run. Futures on the Dow Jones Industrial … Read more

Australia’s Qube Holdings’ shares jump 20% as Macquarie proposes $7.5 billion takeover deal

The Macquarie Group Ltd. logo at the company’s headquarters in Sydney, Australia, on Wednesday, June 18, 2025. Brent Lewin | Bloomberg | Getty Images Australia’s Qube Holdings announced on Monday that Macquarie Asset Management had submitted a non-binding proposal to acquire the logistics company at an enterprise value of 11.6 billion Australian dollars ($7.49 billion). … Read more

Meta halted internal research suggesting social media harm, court filing alleges

Meta halted internal research that purportedly showed that people who stopped using Facebook became less depressed and anxious, according to a legal filing that was released on Friday. The social media giant was alleged to have initiated the study, dubbed Project Mercury, in late 2019 as a way to help it “explore the impact that … Read more

Trump administration unresponsive after containership fire, Port of Los Angeles chief says

The head of the largest port in the United States said the Trump administration has not reached out to offer assistance following a fire that erupted on a containership on Friday and continues to burn outside of the port. “I have been trying to set up meetings with Trump cabinet officials and [U.S. Trade Representative … Read more