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Microsoft wins US$21.9 billion contract with US Army to supply augmented reality headsets

Microsoft on Wednesday (Mar 31) said it has won a deal to sell the US Army augmented reality headsets based on its HoloLens product and backed by Azure cloud computing services.

Markets

SEC opens investigation into Bill Hwang after Archegos meltdown: Bloomberg News

The US Securities and Exchange Commission (SEC) has started a preliminary investigation into Bill Hwang following the collapse of New York-based Archegos Capital Management, Bloomberg News reported on Wednesday, citing a person familiar with the matter.

Markets

S&P 500 closes in on 4,000 as Biden spending plan on deck

Technology shares led the S&P 500 to a record high on Wednesday, and the three major Wall Street indexes were set to post their fourth straight quarterly gains, as investors awaited details of President Joe Biden's massive infrastructure plan.

Markets

Analysis: Deliveroo’s flop a wake-up call for tech hopefuls

A dismal London stock market debut for Deliveroo, coming on the heels of other lukewarm listings, may be a sign that investors are becoming more discerning when it comes to buying shares in companies that have yet to turn a profit.

Markets

Explainer: Why is there a global chip shortage and why should you care?

From delayed car deliveries to a supply shortfall in home appliances to costlier smartphones, businesses and consumers across the globe are facing the brunt of an unprecedented shortage in semiconductor microchips.

Markets

Boeing CEO sees Europe subsidy fix, concerned about China ties

Boeing Co Chief Executive Dave Calhoun said on Wednesday he believed a longstanding aircraft subsidy dispute with Europe can be resolved, but raised concerns about deteriorating trade and political relations between the United States and China.

Markets

More homes, commercial projects can be built on Jurong land meant for cancelled HSR project: Experts

SINGAPORE: More private homes, community facilities and even a retirement village - these are ideas that property analysts have mooted for large tracts of land in Jurong previously earmarked for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project, which has since been scrapped. Such ...

Markets

US private payrolls post biggest gain in six months

US private employers hired the most workers in six months in March as more Americans got vaccinated against COVID-19, pushing the economy towards a broader reopening, which is expected to unleash a strong wave of pent-up demand in the coming months.

Markets

Goldman to offer investments in digital assets for wealth management clients

Goldman Sachs Group Inc plans to offer investments in bitcoin and other digital assets to its wealth management clients from the second quarter, the latest top-tier company to move into the cryptocurrency space.

Markets

Global auto recovery to take more hits from Japan chip plant fire, severe US weather: IHS

A recent fire at a Japanese semiconductor factory and severe weather in parts of the United States in February have exacerbated an ongoing chip shortage plaguing the global auto industry, data firm IHS Markit said on Wednesday.

Markets

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