Author: Admin

US Federal Reserve chairman Jerome Powell has rebuffed US President Donald Trump’s demand that something be done to rescue the stock market, as the central bank left interest rates unchanged even as economic data weakens, inflation remains muted and the risk of war rises on all fronts.Powell said on Wednesday (Jun 19) that the Fed had the luxury of time on the back of a “solid” US economy, and was thus obliged to wait because of the lagging impact of the still unfinalised tariffs on inflation.As expected, the Fed kept its benchmark rate in a range between 4.25 and 4.5…

Honda Motor-backed Helm.ai on Thursday unveiled its camera-based system to interpret urban environments, dubbed Helm.ai Vision, and said it was in talks with other automakers to deploy its self-driving technology in mass-market vehicles.Helm.ai is working with the Japanese automaker to integrate its technology in the upcoming 2026 Honda Zero series of electric vehicles, which will allow users to drive hands-free and take their eyes off the road.”We’re definitely in talks with many OEMs and we’re on track for deploying our technology in production,” Helm.ai CEO and founder Vladislav Voroninski told Reuters.”Our business model is essentially licensing this kind of software…

[SINGAPORE] Local shares fell for a second consecutive session on Thursday (Jun 19), after US Federal Reserve chair Jerome Powell warned of “meaningful” inflation ahead, as consumers are expected to face higher prices due to the Trump administration’s proposed import tariffs. He also cautioned against placing too much confidence in the current outlook for rate cuts.The benchmark Straits Times Index (STI) lost 0.7 per cent or 26.63 points to close at 3,894.18.Across the broader market, decliners outnumbered advancers 315 to 167, with 981.1 million securities worth S$933.2 million changing hands.The top performer on the Straits Times Index (STI) was Hong…

Physical activity for cancer survivors supported by recent research; CAPABLE helps cancer survivors find their physical potential after diagnosisDETROIT, June 19, 2025 /PRNewswire/ — The Barbara Ann Karmanos Cancer Institute is partnering with Wayne State University (WSU) School of Medicine and RepEaters CrossFit in Commerce Township to offer cancer survivors 12 weeks of exercise classes focused on building strength and improving overall fitness. These free classes are provided as part of an exercise program and interventional trial called Cross-Training and Physical Activity: A Better Life Experience (CAPABLE), which introduces cancer survivors to the sport of CrossFit®. This session of CAPABLE begins…

[SINGAPORE] A mismatch between the currencies in which insurers’ assets and liabilities are held can put pressure on their capital and ability to fulfil the liabilities.This is the issue currently confronting insurers in Taiwan, where the majority of assets are invested in US dollar (USD) bonds, but liabilities are in the domestic Taiwan dollar. A weaker USD has meant that the value of assets has fallen, and an insurer may need to put in additional capital or equity. The US Dollar Index has fallen by more than 8 per cent year to date.What is the likelihood that this could happen…

WASHINGTON — Farmers, cattle ranchers and hotel and restaurant managers breathed a sigh of relief last week when President Donald Trump ordered a pause to immigration raids that were disrupting those industries and scaring foreign-born workers off the job.“There was finally a sense of calm,’’ said Rebecca Shi, CEO of the American Business Immigration Coalition.That respite didn’t last long.On Wednesday, Assistant Secretary of the Department of Homeland Security Tricia McLaughlin declared, “There will be no safe spaces for industries who harbor violent criminals or purposely try to undermine (immigration enforcement) efforts. Worksite enforcement remains a cornerstone of our efforts to…

[SINGAPORE] US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina, eight sources familiar with the matter told Reuters. Chevron is also gauging interest for the sale of other assets in Asia, including terminal and fuel storage facilities in Australia and the Philippines, one of the sources and a separate source said. The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20 per cent of its workforce by the…

[SINGAPORE] National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and leaseback under its plan to divest non-core assets. These properties, distributed across the HDB heartlands, are expected to fetch S$50 million in total, The Business Times understands. The Teban Gardens Road shophouse has the lowest asking price of S$2.4 million, and the one in Bedok North, the highest at S$7.1 million.Gross yields for these HDB shophouses, with a total strata area of 21,118.77 square feet, range from 4.32 to 4.98 per cent per annum. SingPost is the anchor tenant…

Photo by Pixabay on Pexels.com Supporting a person with depression doesn’t always come easily, particularly if you don’t know what to do to help. Depression impacts individuals differently, and having an idea of how to approach it with compassion, patience, and empathy makes a difference. Whether the person is your partner, friend, or family member who’s going through it, your support can make more of a difference than you know. Photo by Engin Akyurt on Pexels.com The following are 10 thoughtful and useful ways to be there for someone struggling with depression: 1. Learn to Know the Warning Signs Depression…

A new line of evidence is providing further corroboration of the antiquity of fossilized footprints discovered at White Sands National Park in New Mexico that rewrite the history of humans in the Americas.Researchers used a technique called radiocarbon dating to determine that organic matter in the remains of wetland muds and shallow lake sediments near the fossilized foot impressions is between 20,700 and 22,400 years old. That closely correlates to previous findings, based on the age of pollen and seeds at the site, that the tracks are between 21,000 and 23,000 years old.The footprints, whose discovery was announced in 2021,…