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- Where king dollar is causing pain the most
The dollar is at its highest since November 2023 against other major currencies
- First Taylor Swift, now IU: Concert tourism is the new travel trend
Taylor Swift's Singapore concert had travel apps and even a digital bank in a whirl, but IU dazzles too, with her Hong Kong concert tickets selling out in 30 seconds
- Microsoft-backed Rubrik prices US IPO above range at $32 per share
Rubrik prices its initial public offering above its previous target range of $28-$31, valuing it at around $5.6 billion based on the outstanding shares listed in its filing with the US Securities and Exchange Commission
- ‘Payday every day’ may become Shangri-La Group, BPOs’ secret to happy employees
The Shangri-La Group is the first hotel chain in the Philippines to offer the earned wage access facility to its employees, but other businesses are quickly adopting it, too
- US economic growth slows more than expected in first quarter
The US economy grew by 1.6% in the first quarter of 2024, missing expectations, but still outperforms other advanced countries
- Buying a residential condominium unit on installment
According to statistics found online, the Philippines has 154,700 condominium units as of 2023. This number is expected to reach 200,000 units by the end of 2025. Based on this estimate, we can expect 45,000 more condominium units to be built in the next two years. The rise in the number of condominium units has
- HSBC bets on late BSP rate cut
MANILA, Philippines — It is becoming more likely that the Bangko Sentral ng Pilipinas (BSP) will delay its rate cuts as inflation remains stubbornly high, HSBC Research said, adding that further raising rates will not work against supply-side price pressures and is unlikely to happen anyway. In a commentary, Aris Dacanay, an economist at HSBC,
- US stocks hit by GDP data, Meta results
NEW YORK, United States — Wall Street stocks retreated Thursday following disappointing US economic data, as Facebook parent Meta and other large companies tumbled after earnings. The US economy grew 1.6 percent in the first quarter, data showed, much slower than expected as consumer spending and exports decelerated. Analysts also pointed to inflation data embedded
- Microsoft, Google earnings shine as AI drives revenue
SAN FRANCISCO, United States — Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live. The results were cheered by Wall Street investors who pushed up Alphabet’s share price by more than 11 percent and Microsoft shares up
- Airbus net profit soared 28% in first quarter
PARIS, France — European aviation giant Airbus posted a 28 percent increase in first-quarter profit Thursday through rising deliveries and production, a day after arch-rival Boeing reported a loss. Airbus’ net income in the first three months rose to 595 million euros ($637 million) while revenue grew nine percent to 12.8 billion euros, as the