Companies & Markets

Smart money is winning as tariff whiplash, AI grip Wall Street

[NEW YORK] A noisy, unsettled Wall Street is doing what years of simply owning the index rarely has: made the smart money look smart again.

Much of the selling has come on new AI tools released by companies like Anthropic, OpenAI and Alphabet.

Cyber stocks slide as Anthropic unveils Claude security tool

[CHICAGO] Shares of cybersecurity software companies tumbled Friday (Feb 20) after Anthropic introduced a new security feature into its Claude artificial intelligence model.

Neymar, who has struggled with injuries in recent seasons, remains doubtful for participation at the World Cup this year.

Neymar says he may retire by end-2026

[BENGALURU] Brazil striker Neymar, who extended his contract with his childhood club Santos last month, said that he may retire by the end of the year.

Automakers are facing billions of dollars in additional costs from Trump’s tariffs.

Detroit auto industry spared from Trump’s latest tariff programme

[DETROIT] Detroit’s automakers learned Friday (Feb 20) night that they had been spared from tariffs that US President Donald Trump imposed after the US Supreme Court struck down most of his global dut...

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Microsoft-backed OpenAI expects more than US$280 billion in total revenue by 2030.

OpenAI expects compute spend of around US$600 billion through 2030: source

[MEXICO CITY] OpenAI is targeting roughly US$600 billion in total compute spend through 2030, a source familiar with the matter told Reuters on Friday (Feb 20), as the ChatGPT maker lays groundwork fo...

Jimmy Wales, founder of Wikipedia, says: “We would not consider for a second today letting an AI just write Wikipedia articles because we know how bad they can be."

Wikipedia founder sees no threat from Musk’s Grokipedia

[DELHI] The founder of Wikipedia said he isn’t worried about the threat posed to the free online encyclopedia from artificial intelligence-generated content, including from Elon Musk’s Grokipedia, bec...

The crackdown is in response to the surge of shadow banking activities within the Shuibei market.

China’s Shenzhen cracks down on risky gold trading amid wave of defaults

[SHENZHEN] Financial regulators in Shenzhen moved to curb illegal gold trading activities, targeting speculative schemes that have contributed to a wave of defaults shaking the city’s jewellery hub.

The court’s ruling could reduce the cost of building LNG plants and other large-scale energy infrastructure.

Trump tariff reversal could cut costs for US energy firms but will likely leave broader flows unchanged

[HOUSTON] The US Supreme Court’s Friday (Feb 20) decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but experts and a...

Brent crude futures settled at US$71.76 a barrel, up 10 cents or 0.14%.

Oil: Brent rises late, settles higher and with weekly gain on Iran-US jitters

[HOUSTON] Brent crude prices rose in late-day short-covering on Friday (Feb 20) as investors worried about US military action, as President Donald Trump presses the Islamic Republic to halt nuclear we...

The pan-European Stoxx 600 extended earlier gains to close 0.8% higher at 630.56 points.

Europe: Stoxx 600 hits record after US Supreme Court strikes down Trump tariffs

[BENGALURU] Europe’s Stoxx 600 closed at a record on Friday (Feb 20) after investors welcomed the US Supreme Court ruling that struck down President Donald Trump’s sweeping tariffs.