Nvidia CEO says AI boom far from over after tepid sales forecast - CNA

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1. Nvidia CEO says AI boom far from over after tepid sales forecast  CNA
2. How a power shortage could short-circuit Nvidia’s rise  The Economist
3. NVIDIA Announces Financial Results for Second Quarter Fiscal 2026  NVIDIA Newsroom
4. CNBC Daily Open: Nvidia’s investors may be barking up the wrong tree  CNBC
5. Nvidia CEO Jensen Huang says AI boom far from over  The Business Times

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2025-08-28 14:36:00Z
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Nvidia forecasts higher revenue but warns of China uncertainty - CNA

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1. Nvidia forecasts higher revenue but warns of China uncertainty  CNA
2. Nvidia Forecasts Decelerating Growth After Two-Year AI Boom  Bloomberg.com
3. NVIDIA Announces Financial Results for Second Quarter Fiscal 2026  NVIDIA Newsroom
4. CNBC Daily Open: Are investors missing the Nvidia forest for the AI tree?  CNBC
5. AI boom boosts Nvidia despite 'geopolitical issues'  BBC

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2025-08-28 00:39:02Z
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Downtown Line train services resume after 1-hour disruption between Bukit Panjang and Beauty World - CNA

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1. Downtown Line train services resume after 1-hour disruption between Bukit Panjang and Beauty World  CNA
2. DTL signalling fault fixed; MRT train service resumes between Bukit Panjang and Beauty World  The Straits Times
3. Downtown Line services resume after over an hour disruption from signalling fault  The Online Citizen
4. Downtown Line: Train service between Bukit Panjang and Beauty World MRT stations resumes  AsiaOne

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2025-08-27 22:58:00Z
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Meituan Shares Sink After Warning of Big Cost to China Food War - Bloomberg.com

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1. Meituan Shares Sink After Warning of Big Cost to China Food War  Bloomberg.com
2. Meituan sales weaken, profit plummets amid ‘irrational’ delivery price war  South China Morning Post
3. Profit dives at China’s top food delivery firm Meituan amid intense competition  The Business Times
4. Meituan options surge as investors brace for earnings drop  Tech in Asia
5. Meituan Plans to Hike Daily Order Vol. to 150M: CEO Wang Xing  AASTOCKS.com

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2025-08-28 01:36:00Z
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Supermarket pilot programme aimed at making it easier for shoppers to compare prices to start Sep 1 - CNA

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1. Supermarket pilot programme aimed at making it easier for shoppers to compare prices to start Sep 1  CNA
2. Major supermarkets to display unit prices from Sept, in pilot to help consumers  The Straits Times
3. Major supermarkets to display unit prices in pilot to help consumers compare prices  The New Paper

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2025-08-27 05:26:00Z
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Nerfed: UOB Preferred Platinum Visa splits bonus cap into two sub-caps - The MileLion

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Nerfed: UOB Preferred Platinum Visa splits bonus cap into two sub-caps  The MileLion
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2025-08-26 23:00:54Z
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Asia-Pacific markets trade mixed as investors assess China industrial profits data - CNBC

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1. Asia-Pacific markets trade mixed as investors assess China industrial profits data  CNBC
2. China industrial profits ease drop with crackdown on price wars  The Straits Times
3. China’s industrial profits extend decline in July  The Business Times
4. Profits of China's major industrial firms down 1.7% in Jan-July  China Daily
5. Aluminum, Copper Steady as China Industrial Profit Drop Slows  Bloomberg.com

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2025-08-26 23:50:30Z
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Keppel files for S$68.4 million claim against Seatrium over Brazil corruption case - CNA

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1. Keppel files for S$68.4 million claim against Seatrium over Brazil corruption case  CNA
2. Keppel to start arbitration against Seatrium for $68.4 million claim in Brazil corruption case  The Straits Times
3. Seatrium Faces Arbitration Over Indemnity in Brazilian Settlement  TipRanks
4. Keppel issues notice of arbitration to commence arbitration proceedings against Seatrium  MarketScreener
5. Assessing the Financial and Strategic Implications of Keppel's Arbitration Against Seatrium in the Wake of Operation Car Wash  AInvest

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2025-08-26 12:36:00Z
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Salary, wrong dismissal claims in S’pore up in 2024 amid higher job turnover, more business closures - The Straits Times

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Salary, wrong dismissal claims in S’pore up in 2024 amid higher job turnover, more business closures  The Straits TimesView Full coverage on Google News
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2025-08-26 02:01:57Z
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White House's Hassett says US could take stakes in other chip companies - CNA

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1. White House's Hassett says US could take stakes in other chip companies  CNA
2. Intel and Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leadership  Intel Newsroom
3. Intel says Trump deal has risks for shareholders, international sales  CNBC
4. The Long, Painful Downfall of Intel  The New York Times
5. Intel warns US stake could hurt international sales, future grants  The Straits Times

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2025-08-25 12:37:00Z
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Crypto investors with funds in defunct Tokenize Xchange left in limbo amid police probe - CNA

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Crypto investors with funds in defunct Tokenize Xchange left in limbo amid police probe  CNA
https://news.google.com/rss/articles/CBMi0wFBVV95cUxNTFBHR1NpQ2c5bHNETXNrbm0wWXZCX21LMDYzVHhuaER2bGFtcU92RWhMZWJtV05tWTZLVFlIcUt3aklJRnp3RkxKeTRFRjR3bzRvalEzTzA2QXAyQ3dtY2w1UGM0NnZqTzgyRG1rRFlHV0xEbV84ck5tVTZUdTByZllCRmdsVXdPQnFZazdReDZZNFR2VXVxTWlrN1VTQlNTTEhLNmRXYmFqMkdiNER0UmplblJLdmgyUGVuLThjU0ZLSUFiengxbFlOQVdGRl9ubkQ4?oc=5

2025-08-24 22:00:00Z
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Singapore jobs paying highest median salaries; Girl with rare genetic metabolic disorder fights against the odds: Singapore live news - Yahoo News Singapore

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1. Singapore jobs paying highest median salaries; Girl with rare genetic metabolic disorder fights against the odds: Singapore live news  Yahoo News Singapore
2. Which jobs pay the highest median salaries in Singapore?  The Straits Times
3. The hidden truth behind Singapore’s highest-paying careers and when they start to decline  Malay Mail
4. Singapore salary data: 250+ non-executive roles that pay S$10,000 per month or more in 2025  Vulcan Post
5. Check how your salary ranks against your peers — 2025 edition  The Straits Times

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2025-08-25 03:19:00Z
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More SIA KrisFlyer miles needed to redeem flights or upgrade seats to Europe, US from Nov 1 - The Straits Times

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1. More SIA KrisFlyer miles needed to redeem flights or upgrade seats to Europe, US from Nov 1  The Straits Times
2. KrisFlyer members can soon earn status credits from non-flight spending  CNA Lifestyle
3. SIA to raise KrisFlyer redemption rates from Nov 1, adds new miles flight booking option  The Business Times
4. Singapore Airlines KrisFlyer devaluation coming on 1 November 2025  The MileLion
5. Singapore Airlines devalues KrisFlyer miles, adds dynamic award option  Mainly Miles

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2025-08-25 03:01:38Z
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How Crypto Could be Impacted by Fed’s Shifting Stance on Inflation in Q4 2025 and Beyond - CoinDesk

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1. How Crypto Could be Impacted by Fed’s Shifting Stance on Inflation in Q4 2025 and Beyond  CoinDesk
2. Wall Street jumps more than 1% after Powell hints at September rate cut  CNA
3. Stock market today: Dow, S&P 500, Nasdaq surge with Powell speech underway  sg.finance.yahoo.com
4. Powell says rates may need to be cut, but Fed to proceed carefully  Reuters
5. Stocks Were Sinking on AI Fears. Then Powell Came to the Rescue.  Barron's

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2025-08-24 16:07:30Z
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India investigator files criminal case against tycoon Anil Ambani - CNA

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1. India investigator files criminal case against tycoon Anil Ambani  CNA
2. India investigation bureau files criminal case against brother of Asia’s richest man  The Straits Times
3. Top news of the day | August 23, 2025  The Hindu
4. India's federal investigator opens criminal case against Anil Ambani, his company  sg.finance.yahoo.com
5. Reliance Communications Loan Accounts Classified as Fraud by Bank of India  TipRanks

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askST: What fresh graduates need to know about the new Graduate Industry Traineeships - The Straits Times

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Which Tech Company Is Uber Most Like? Its Answer May Surprise You - The New York Times

SAN FRANCISCO — Pop quiz: Which technology company does Uber, the ride-hailing giant on the cusp of an initial public offering, consider itself to be the most like?

Is it Lyft, its rival North American ride-hailing firm? Nope.

How about Didi Chuxing, Uber’s equivalent in China? Nah.

It’s Amazon, the e-commerce giant.

On the surface, the two companies have little in common. Amazon sells books, toilet paper, toys — pretty much everything, really — and it provides cloud computing services and makes artificially intelligent speakers. In contrast, Uber lets people hail rides through a mobile app.

But just as Amazon began as a modest online bookseller before growing into a digital retailing behemoth, Uber wants people to believe its ride-sharing business is the foundation for a larger “platform” spanning multiple transportation industries. Like Amazon, Uber is no stranger to taking on competitors across many areas to accelerate its growth. And also like Amazon, Uber is willing to lose geysers of cash to achieve its aims.

This Uber-is-like-Amazon argument will grow louder starting on Monday, when the ride-hailing firm’s top executives begin meeting investors on a so-called roadshow ahead of its I.P.O. next month. As part of its pitch, two people close to the company said, Uber plans to say that it is O.K. for it to lose money right now because — just like Amazon, which was unprofitable for years — it needs to burn cash to build out its business for the future.

Dara Khosrowshahi, Uber’s chief executive, has not been shy about the Amazon analogy.

“Cars are to us what books were to Amazon,” he said at a Fortune tech conference in July. “Just like Amazon was able to build this extraordinary infrastructure on the back of books and go into additional categories, you are going to see the same from Uber.”

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Amazon has always cared more about customers than Wall Street, which meant it was willing to spend aggressively to get ahead of competitors and create new businesses even if investors carped.CreditDemetrius Freeman for The New York Times

Uber declined to comment, citing the quiet period before it goes public. Amazon declined to comment on Uber.

Shawn Carolan, a venture capitalist at Menlo Ventures and an early investor in Uber, said the Amazon comparison is apt. “Because the ubiquitous need for transportation is so huge, they’re able to cross-sell different products to their existing customer base,” he said of Uber.

As it goes into its roadshow, Uber faces two main issues. One is that it needs to tell Wall Street a growth story — something to convince investors that its best and most lucrative days are still ahead of it. For years as a private company, that growth came easily as it expanded its service into more and more places across the world.

But nearly a decade later, that growth has slowed. In an amended offering prospectus on Friday, Uber said revenue growth in the first quarter was roughly 20 percent, less than half of what it was a year ago. As ride-hailing has evolved from a luxury business to a mass-market service, competitors have multiplied and the number of people using the service may be starting to max out as Uber finds fewer new locations to expand into.

Uber’s other issue is its lack of profit. The company lost $1.8 billion last year excluding onetime gains; it lost $1 billion or so in the first quarter of this year alone. Because ride-hailing is expensive to operate — Uber continually needs to spend to lure riders and bring on new drivers — some critics have wondered if it will ever be able to make money.

All of this explains why citing Amazon is so useful.

The Seattle-based retailer has always cared more about customers than Wall Street, which meant it was willing to spend aggressively to get ahead of competitors and create new businesses even if investors carped. Then just as Wall Street patience wore thin, Amazon produced profits that underlined the innovation machine that Jeff Bezos, its chief executive, had built over many years.

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“We want to kind of be the Amazon for transportation,” Mr. Khosrowshahi said.CreditAnastasiia Sapon for The New York Times

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Amazon’s chief executive, Jeff Bezos, invested in the business and made it seemingly impregnable in many areas.CreditJim Watson/Agence France-Presse — Getty Images

In 2014, for example, Amazon was hit hard by investors amid slowing sales growth and the introduction of the Fire Phone, a smartphone that landed with a thud. Then a year later, Amazon disclosed how large and profitable its cloud computing business had become. For almost a decade, Amazon had plowed money into building data centers and an army of engineers and sales people. When it finally broke out the details of the cloud business, it turned out that Amazon Web Services had $5 billion a year in sales and was growing almost 50 percent a year, with fat margins.

Now all of Amazon’s investments over time have made it seemingly impregnable in numerous areas, from logistics and delivery to cloud computing. Wall Street is not complaining about Amazon anymore, and it has become one of the world’s most valuable public companies with a market capitalization of about $960 billion.

“Uber, like Amazon, operates with an obsession on customer value over anything else,” said Mitchell Green, a venture capitalist at Lead Edge Capital, which invested in Uber.

Amazon’s experience is meaningful for Uber as it also expands into new businesses to set the stage for future growth.

Those include Uber Eats, its restaurant delivery service. Started in 2014 as an experiment, it became part of a line of thinking that Uber could one day deliver anything and everything to people whenever they wanted it, at the touch of a button. Internally, that idea was called Uber Everything.

While Uber Everything stalled, Uber Eats boomed. The division is on track to book more than $10 billion in deliveries in 2019, up from $6 billion in 2018. It is also projected to take a 27 percent share of the food delivery market by the end of 2019, up from 3 percent in 2016, according to Wedbush Securities.

Uber is also building Uber Freight, a service that matches local truck drivers with shippers in the United States and the European Union. It has contracted with more than 36,000 carriers serving more than 1,000 companies, according to filings, and the business generated more than $125 million in revenue in the final quarter of 2018.

In addition, Uber acquired Jump, an e-bike and scooter company, last year and is working on autonomous vehicles. Mr. Khosrowshahi has said he plans to make Uber the hub for many modes of transportation, from cars to bikes to scooters to cities’ public buses, trains and subway systems.

On Friday, the company also said in its filing that it was working on its payments infrastructure, which is used by more than 91 million people to pay for rides and by the company to instantly pay its drivers.

While it invests in its future, Uber will continue to lose money. So the company needs Wall Street to put up with its spending on these initiatives before they potentially pay off with profit. And it needs investors to be patient as it also works to turn its core ride-hailing business into a moneymaker.

That leads back to the Amazon comparison. If Amazon can pull it off, so the thinking goes, then Uber can, too.

“Just like Amazon sells third-party goods, we are going to also offer third-party transportation services,” Mr. Khosrowshahi said in an interview with Recode last year. “We want to kind of be the Amazon for transportation.”

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https://www.nytimes.com/2019/04/28/technology/uber-amazon-roadshow-ipo.html

2019-04-28 19:36:14Z
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