APPLE beat Wall Street’s quarterly profit estimates on Thursday, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features.

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.

NEW YORK (AP) — Wall Street is tumbling on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China. The S&P 500 fell 1.8% in early trading Monday.

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.

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

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

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.

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.

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.

For the first time on record, the majority of all trading in US stocks is now consistently occurring outside the country’s exchanges, according to data compiled by Bloomberg.

DeepSeek, a little-known Chinese firm founded in May 2023, has sent shockwaves through Silicon Valley and Wall Street. Its researchers have claimed that they spent under $6 million (Rs 51 crore) on it