Author: Admin

The Trump administration has used the government shutdown to lay off more than 4,000 federal workers, with plans to go further, according to budget chief Russell Vought. Among those laid off is a CDC scientist who spoke to Caitlin Huey-Burns.

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Oct 16): SIA Group : Passenger traffic in September for Singapore Airlines (SIA) and subsidiary Scoot rose 3.7 per cent year on year. That outpaced a 2.5 per cent rise in passenger capacity, said the group on Wednesday. Both airlines’ passenger load factor increased by one percentage point on the year to 87.1 per cent, while the cargo load factor was 1.8 percentage points lower than the same period last year at 56.2 per cent. Shares of SIA closed 0.2 per cent or S$0.01…

SEOUL :Shares of South Korean chipmaker Samsung Electronics rose as much as 2 per cent on Thursday to an all-time high on investor optimism surrounding the semiconductor industry. Shares of the world’s leading memory chip maker were up 0.95 per cent at 95,900 won ($67.52) per share as of 0022 GMT, after hitting a record 96,900 won earlier in the session, surpassing the previous record of 96,800 won on January 11, 2021. Samsung Electronics shares have risen 80 per cent so far this year.($1 = 1,420.2400 won)

[PORTLAND] Stablecoin issuer Paxos said that it mistakenly minted US$300 trillion of PayPal Holdings’ PYUSD stablecoin on Wednesday (Oct 15) before burning the tokens minutes later.The transactions were visible on Etherscan, the popular block explorer and analytics platform for the Ethereum blockchain that allows users to search and view all data on the network. A representative for Paxos pointed to the company’s tweet on X about the incident. Representatives for PayPal did not immediately return a request for comment.Plenty of so-called fat-finger errors have happened in crypto before. Many of them, such as when someone sends cryptocurrency such as Bitcoin…

More than a decade after the Supreme Court gutted a key provision of the Voting Rights Act, and just two years after it declined to unravel another piece of the law, the Supreme Court will convene on Wednesday to hear a legal battle over Louisiana’s congressional map that could reverberate throughout the nation. Jessica Levinson has more.

WASHINGTON — WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the agency also said the extensive duties still pose risks.The United States’ economy will expand 2% in 2025, the IMF projected in its influential semiannual forecast, the World Economic Outlook. That is slightly higher than the 1.9% forecast in the IMF’s last update in July and 1.8% in April. The U.S. should grow 2.1% next year, also just one-tenth of…

Alphabet-owned YouTube was down for over 320,000 users in the United States on Wednesday evening, according to Downdetector.As of 7:47 p.m. ET, 321,990 users reported issues with YouTube, per Downdetector, which tracks outages by collating status reports from a number of sources. Downdetector’s numbers are based on user-submitted reports. The actual number of affected users may vary.Google did not immediately respond to a Reuters request for comment.

As the Trump administration cracks down on illegal immigration, it’s also trying to tighten legal migration through the U.S. Citizenship and Immigration Services. Camilo Montoya-Galvez spoke exclusively with its new director, Joseph Edlow.

The latest spat between the world’s two largest economies has rattled markets in recent days[WASHINGTON] Finance chiefs from the Group of Seven (G7) industrial nations will consider a joint response to discourage China’s planned move to control the global supply of rare earths, officials said on Wednesday (Oct 15).Germany Finance Minister Lars Klingbeil told reporters that the G7 gathering later today will include a discussion of a common approach to address China’s actions with targeted measures, while cautioning against taking any steps that backfire on their economies.  Treasury Secretary Scott Bessent indicated the US would seek wider support beyond the…

Australia, Victoria, Melbourne, buildings on bank of Yarra riverPeter Adams | Stone | Getty ImagesAsia-Pacific markets were set to open mixed Thursday, after Wall Street gained on strong bank earnings in a volatile trading session.Investors have been on edge in recent days as global trade tensions have escalated. The Cboe Volatility Index (VIX), known to many as Wall Street’s fear gauge, has trended higher over the past week, rising last Friday to more than 21.6, or its most elevated level since late May. The index finished at 20.6 on Wednesday stateside.Australia’s ASX/S&P 200 rose 0.16%. Investors will look to the country’s…