Category Archives: Business

Business, Finance, Investing

Temasek Issues $1.5B Bonds to Fund Global Investments

Singapore’s state-owned investment powerhouse Temasek Holdings has priced $1.5 billion worth of U.S. dollar-denominated bonds, marking another significant step in its ongoing global financing strategy.

The issuance comes just one day after launching the offer under its $25 billion medium-term note program, a framework that allows Temasek to tap global debt markets efficiently when opportunities arise.

The bonds were issued through Temasek Financial (I) Limited, a wholly owned unit responsible for raising debt on behalf of the group.

The offering comprises two tranches of $750 million each. The first carries a 3.75% fixed interest rate over a two-year maturity, appealing to investors seeking predictable income in the current interest rate environment. Continue reading Temasek Issues $1.5B Bonds to Fund Global Investments →

Business, Finance, News

Telstra Posts 31% Profit Gain, Commits $1B to Share Repurchases

Telstra Group, Australia’s largest telecommunications company, has posted a strong set of results for its fiscal year ending June 30, 2025, reporting a 31% increase in annual profit driven by robust growth in its mobile division.

The company also announced a $1 billion share buyback (approximately US$654 million), signaling management’s confidence in its earnings trajectory and balance sheet strength.

The telecom giant’s net profit rose to $2.34 billion, up from $1.79 billion the year before. This result matched market expectations, with analysts polled by Visible Alpha forecasting precisely the same figure. Telstra credited the growth primarily to continued momentum in mobile services, including 5G expansion, improved customer retention, and higher average revenue per user (ARPU).

In a competitive Australian telecom market, mobile has become Telstra’s primary growth engine, helping offset challenges in other business segments such as fixed-line services.

In addition to the buyback announcement, Telstra declared a final dividend of 9.5 Australian cents per share, slightly higher than last year’s 9 cents. This dividend increase, while modest, reflects the company’s consistent shareholder return policy. Continue reading Telstra Posts 31% Profit Gain, Commits $1B to Share Repurchases →

Business, Stock Market

Bullish IPO Soars: Crypto Exchange Hits $5.4 Billion and Sees 62% Jump Day One

Bullish, the cryptocurrency exchange operator that also oversees the crypto media platform CoinDesk, has just priced its highly anticipated IPO at $37 per share, creating fresh momentum in the resurging digital asset market.

The company raised approximately $1.11 billion through the sale of 30 million shares, giving it a valuation of around $5.41 billion. This outcome exceeded earlier expectations and marked one of the standout IPO moves in the crypto space in 2025.

Backing from heavyweight institutional investors (BlackRock and Cathie Wood’s ARK Invest) further fueled the enthusiasm. Both firms expressed interest in purchasing up to $200 million worth of shares, signaling strong confidence in Bullish’s market positioning.

This successful IPO is already being seen as a bellwether for a broader crypto IPO revival. After a protracted lull, 2025 has seen multiple crypto companies go public, including Circle Internet and Figma, taking advantage of shifting sentiment and clearer regulatory frameworks. Continue reading Bullish IPO Soars: Crypto Exchange Hits $5.4 Billion and Sees 62% Jump Day One →

Business, Finance

Infosys Acquires 75% of Versent Group to Power AI-Led Cloud Expansion in Australia

Infosys, the Indian IT services titan, has struck a major strategic move by agreeing to acquire a 75 percent stake in Versent Group, a key digital transformation and cloud services unit of Australia’s telecommunications heavyweight Telstra Group.

The transaction, valued at approximately $233.3 million (around US $153 million), positions Infosys firmly at the heart of Australia’s high-growth enterprise digital and AI landscape.

Established as a wholly owned Telstra subsidiary, Versent Group brings to the table deep domain expertise across sectors such as finance, energy, utilities, government, and education. Its reputation has been crafted by delivering cloud-native strategies and implementation at scale. Continue reading Infosys Acquires 75% of Versent Group to Power AI-Led Cloud Expansion in Australia →

Business

Amazon Launches Same-Day Perishable Grocery Delivery in 1,000 U.S. Cities

Amazon has introduced same-day delivery of perishable groceries in 1,000 cities across the United States, marking a significant step in its bid to compete with quick-commerce rivals such as Instacart and Walmart+.

The e-commerce giant plans to expand the service to more than 2,300 cities by the end of 2025.

Shoppers can now order fresh produce, dairy, meat, seafood, baked goods, and other temperature-sensitive grocery items alongside everyday household products, electronics, and other goods already eligible for same-day delivery. Continue reading Amazon Launches Same-Day Perishable Grocery Delivery in 1,000 U.S. Cities →

Business, Finance, Investing, Personal Finance

Costco Now Sells Gold, Silver, and Platinum — Here’s What You Need to Know

These days, a trip to Costco can involve more than bulk snacks and household goods — it can also include gold, silver, and platinum.

The warehouse retailer has been quietly expanding its precious metals offerings over the past two years, beginning with gold bars in 2023 and later adding silver coins and platinum bars.

With all three metals seeing substantial price gains in 2025, Costco’s timing has caught the attention of shoppers who are also investors.

Gold, silver, and platinum have long been valued as stores of wealth. Gold, often described as a “monetary metal,” tends to perform well when the U.S. dollar weakens, which is why central banks around the world hold it to hedge against inflation and currency instability.

Current global economic concerns — including the impact of tariffs on trade — have contributed to a favorable medium- to long-term outlook for gold. Continue reading Costco Now Sells Gold, Silver, and Platinum — Here’s What You Need to Know →

Business, Finance, News

StubHub Revives $1 Billion IPO Plans with Updated Filing

StubHub, the online ticket resale giant, is once again preparing to go public after a months-long pause in its initial public offering (IPO) process. The company, which first filed a public S-1 registration with the U.S. Securities and Exchange Commission (SEC) in late March 2025, put its plans on hold in April amid heightened market uncertainty caused by new U.S. tariffs under the Trump administration.

On Monday, StubHub filed an updated S-1, this time including its financial results for the first quarter of 2025 — a move widely seen as a sign that the IPO is back on track. Industry observers say the revised filing suggests that the company could make its market debut as early as next month. Continue reading StubHub Revives $1 Billion IPO Plans with Updated Filing →

Business, Finance, News

U.S. Tariff Revenues Hit Record $27.7 Billion in July Amid Ongoing Trade Disputes

The U.S. government collected a record $27.7 billion in customs duties in July, fueled by President Donald Trump’s continued use of tariffs to reshape the nation’s trade policy. Treasury Department data released Tuesday shows this marks the highest monthly total on record, surpassing June’s $26.6 billion and May’s $22.2 billion.

The figure represents a sharp increase from roughly $8 billion in July 2024 and pushes total tariff revenue for the fiscal year — which ends September 30 — to approximately $135.7 billion. The surge underscores how tariff collections during Trump’s second term have far exceeded levels seen in his first term and in recent U.S. history. Continue reading U.S. Tariff Revenues Hit Record $27.7 Billion in July Amid Ongoing Trade Disputes →

Business, Finance, News

Global EV Sales Growth Slows to 21% in July as China’s Market Cools

Global electric vehicle (EV) sales rose 21% year-over-year in July, marking the slowest growth rate since January and down from 25% in June, according to market research firm Rho Motion. The slowdown was largely driven by weaker plug-in hybrid sales in China, the world’s largest auto market and home to more than half of all global EV sales.

China’s overall car market lost momentum in July, with BYD—the world’s largest EV manufacturer—posting its third consecutive monthly decline in registrations. The drop coincided with a temporary pause in certain 2025 government subsidies for EV and plug-in hybrid purchases. Continue reading Global EV Sales Growth Slows to 21% in July as China’s Market Cools →

Business, Finance, News

Circle Shares Dip After Announcing 10 Million Share Sale Following Massive Post-IPO Rally

Circle Internet Group (CRCL) shares fell nearly 5% in after-hours trading Tuesday following news that the company plans to sell 10 million shares, just months after its stock surged 425% since going public.

The stablecoin issuer disclosed in an SEC filing that it will offer 2 million shares of Class A common stock directly, while existing shareholders will sell an additional 8 million shares.

Earlier in the day, Circle shares closed up 1.27% at $163.21, buoyed by stronger-than-expected second-quarter results. The company reported $658 million in total revenue, surpassing analyst estimates of $647 million. Continue reading Circle Shares Dip After Announcing 10 Million Share Sale Following Massive Post-IPO Rally →