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Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxGrab has set a US$1.5 billion EBITDA target for 2028, placing AI at the centre of its next growth phase, Reuters reported following an interview with President and COO Alex Hungate in Singapore.Hungate said the Nasdaq-listed group aims to grow revenue by more than 20 percent annually over the next three years.Grab operates in over 900 cities across Southeast Asia.The company is looking to lift margins by tightening execution across its core app while expanding financial services and online groceries.Management believes frequent usage across mobility and deliveries supports…

Canada posts a budget deficit of C$26.14 billion over first nine months of 2025/26

Block’s layoffs exacerbated concerns that artificial-intelligence could decimate employee counts and hurt demand for software.

The Warner Bros. Discovery board may have enriched its shareholders Thursday when it chose Paramount Skydance’s acquisition offer over Netflix’s, but it also terrified a lot of its employees.While some of those people own WBD shares and may prefer the financials of Paramount’s $31-per-share bid to Netflix’s $27.75-per-share offer, CNBC spoke to 10 WBD employees in a variety of different roles at the company. All 10, who asked not to be named for fear of potential backlash, expressed concerns about potential job losses and questions of who would ultimately run their divisions if Paramount and WBD are eventually merged.”It’s fair…

Perpetual funding rates have turned negative across major exchanges, signaling that short sellers are paying to maintain bearish positions. Bitcoin perpetual funding rates on major exchanges have flipped negative, signaling that short sellers now dominate the derivatives market and are paying to keep their positions open. While negative funding typically reflects bearish sentiment, one analyst is interpreting the current extreme as a potential setup for a short squeeze, arguing that excessive short positioning often precedes sharp upside reversals rather than continued downside. Funding Flips Negative as Shorts Crowd the Market In a February 27 market update, analyst Amr Taha…

For nearly two decades, Morgan Stanley portfolio manager Andrew Szczurowski has been honing his fixed-income investing strategy. These days, he’s still finding attractive investments in the market, but admits some digging needs to be done to separate the winners from the losers. As a portfolio manager on the Eaton Vance Strategic Income Fund , he looks for opportunities across a broad range of assets, including those that have been typically underrepresented. Eaton Vance was acquired by Morgan Stanley in 2021. Szczurowski called the fund a “multi-sector, go anywhere strategy” that has underlying assets with a weighted average of investment grade.…

US construction spending increases in line with expectations in December

Also in Weekend Reads: How to invest during the AI transition, what OpenAI needs to do and a warning for aspiring day traders.

Key PointsOLD MISSION CAPITAL LLC added 741,450 shares of MCHI; estimated transaction value of $46.63 million based on quarterly average pricingQuarter-end position value increased by $41.10 million, reflecting both new purchases and market price changesChange represents a 1.07% increase of 13F reportable AUMPost-trade holding: 1,336,823 shares valued at $80.30 millionPosition now accounts for 1.84% of reported AUM, which places it outside the fund’s top five holdings10 stocks we like better than iShares Trust – iShares Msci China ETF ›What happenedAccording to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, OLD MISSION CAPITAL LLC increased its stake in…

Word on Wall Street panel discusses market selloff, tech stock rotation and Nvidia’s post-earnings drop on Mornings with Maria. Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout its operations. The layoffs will affect over 4,000 jobs at the company and CEO Jack Dorsey indicated he moved forward with a single round of large cuts rather than a series of smaller workforce reductions to give the company more room for growth as it adapts to the AI era.Dorsey explained the decision in a series of posts on…