Latest / Your Way Home with Hongbin Jeong
Market View: Morgan Stanley’s job cuts, Walmart CEO on theft in stores, TSMC’s investment in Arizona plant, Dividend yielding stocks to watch in Singapore
Company news takes the centre stage today as we deep dive into key developments for the week. Within the US, Morgan Stanley is embarking on a fresh round of job cuts amounting to some 1,600 workers or 2 per cent of its total workforce. Question is - has the latest round of tech layoffs sparked wider contagion in other sectors? Also, Walmart CEO has been quoted saying that theft is becoming a bigger issue at US stores but what would this mean for retailers in the industry? Meanwhile, Taiwan chipmaker TSMC upped its investment at its new Arizona plant to US$40 billion but are chipmakers bidding…
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