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class="stories"><div class="story border-b border-gray-175 pb-3"><div data-testid="basic-card" data-cueid="5377564" class="relative flex flex-wrap items-stretch"><div class="relative order-1 flex-shrink-0 hidden sm:block w-1/4 sm:w-1/2"><div class="flex items-center justify-center bg-gray-250 w-full"><a rel="noopener" href="/wealth/wealth-investing/hidden-environmental-costs-tech-giants-ai-investments" target="_blank"><picture><img loading="lazy" src="/assets-web2/default_image-Ca6zpOZP.jpg" alt="The hidden environmental costs of tech giants’ AI investments" class="w-full aspect-3x2"/></picture></a></div></div><div class="flex flex-grow flex-col w-3/4 sm:w-1/2 order-2 p-4 sm:pt-0 sm:pb-0 sm:pr-0 items-center sm:items-start text-center sm:text-left bg-gray-850 sm:bg-transparent max-sm:text-white"><div data-testid="basic-card-kicker-component" class="break-words font-poppins text-4xs font-light leading-4 text-gray-515">INSIGHTS FROM CFA SOCIETY SINGAPORE</div><h3 class="my-1 _title_d4ajx_12 text-4xl lg:text-6xl" data-testid="title_link_5377564"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="The hidden environmental costs of tech giants’ AI investments" href="/wealth/wealth-investing/hidden-environmental-costs-tech-giants-ai-investments" target="_blank">The hidden environmental costs of tech giants’ AI investments</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5377264" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/opinion-features/trump-triumph-and-transformation" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/0fba3879ae32ecfa954da11fe7f9b3bace62dde8a36b14f241b938899087f7e1?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/0fba3879ae32ecfa954da11fe7f9b3bace62dde8a36b14f241b938899087f7e1?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/0fba3879ae32ecfa954da11fe7f9b3bace62dde8a36b14f241b938899087f7e1?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/0fba3879ae32ecfa954da11fe7f9b3bace62dde8a36b14f241b938899087f7e1?q=20&w=3&h=2&f=webp" loading="lazy" alt="FILE PHOTO: U.S. President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024 . Brandon Bell/Pool via REUTERS/File Photo" class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><div data-testid="basic-card-kicker-component" class="break-words font-poppins text-4xs font-light leading-4 text-gray-515">RETHINKING MATTERS</div><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5377264"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Trump, triumph and transformation" href="/opinion-features/trump-triumph-and-transformation" target="_blank">Trump, triumph and transformation</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5359598" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/opinion-features/timing-dbs-share-buyback-announcement-and-its-ceos-share-sales-was-not-good-look" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/8c290f232ff44957107a1e7ff802fc202f9fd681538868118636cb3365ef128d?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/8c290f232ff44957107a1e7ff802fc202f9fd681538868118636cb3365ef128d?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/8c290f232ff44957107a1e7ff802fc202f9fd681538868118636cb3365ef128d?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/8c290f232ff44957107a1e7ff802fc202f9fd681538868118636cb3365ef128d?q=20&w=3&h=2&f=webp" loading="lazy" alt="DBS shares have continued climbing after Gupta's share sales, closing last week up nearly 1.3 per cent" class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><div data-testid="basic-card-kicker-component" class="break-words font-poppins text-4xs font-light leading-4 text-gray-515">MARK TO MARKET</div><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5359598"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Timing of DBS share buyback announcement and its CEO’s share sales was not a good look" href="/opinion-features/timing-dbs-share-buyback-announcement-and-its-ceos-share-sales-was-not-good-look" target="_blank">Timing of DBS share buyback announcement and its CEO’s share sales was not a good look</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5360213" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/wealth/wealth-investing/trump-boosters-expect-big-returns-their-investments-shackles-are" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/d7acf4756e6bb398ff2f6d1a76df68527018e60609035b0ffc36fc0148cfcf40?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/d7acf4756e6bb398ff2f6d1a76df68527018e60609035b0ffc36fc0148cfcf40?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/d7acf4756e6bb398ff2f6d1a76df68527018e60609035b0ffc36fc0148cfcf40?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/d7acf4756e6bb398ff2f6d1a76df68527018e60609035b0ffc36fc0148cfcf40?q=20&w=3&h=2&f=webp" loading="lazy" alt="The business executives who invested millions of dollars in Donald Trump's candidacy and now stand to profit from his policies." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5360213"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Trump boosters expect big returns on their investments: ‘The shackles are off’" href="/wealth/wealth-investing/trump-boosters-expect-big-returns-their-investments-shackles-are" target="_blank">Trump boosters expect big returns on their investments: ‘The shackles are off’</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5359713" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/wealth/wealth-investing/musk-and-trump-bond-made-merch" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/e41b71a9efd7a43f6621ce4975fd9b2e5a5a1f890d72015e096f8c1c08732d57?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/e41b71a9efd7a43f6621ce4975fd9b2e5a5a1f890d72015e096f8c1c08732d57?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/e41b71a9efd7a43f6621ce4975fd9b2e5a5a1f890d72015e096f8c1c08732d57?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/e41b71a9efd7a43f6621ce4975fd9b2e5a5a1f890d72015e096f8c1c08732d57?q=20&w=3&h=2&f=webp" loading="lazy" alt="Merchandise has always been a part of Musk’s empire-building, just as it has been part of Trump’s." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5359713"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Musk and Trump, a bond made in merch" href="/wealth/wealth-investing/musk-and-trump-bond-made-merch" target="_blank">Musk and Trump, a bond made in merch</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="text-center border-b border-gray-175 py-3" data-testid="advertisement-element"><div id="dfp-ad-bn1" class="adunit-component"></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5347000" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/wealth/wealth-investing/managing-surge-medical-insurance-premiums" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/64e5f6335005a043bc78bfa500ce201246529272ca2adfd22db2c8115129dd24?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/64e5f6335005a043bc78bfa500ce201246529272ca2adfd22db2c8115129dd24?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/64e5f6335005a043bc78bfa500ce201246529272ca2adfd22db2c8115129dd24?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/64e5f6335005a043bc78bfa500ce201246529272ca2adfd22db2c8115129dd24?q=20&w=3&h=2&f=webp" loading="lazy" alt="By taking control of your medical insurance, you can navigate the complexities of health coverage while safeguarding your financial well-being. " class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><div data-testid="basic-card-kicker-component" class="break-words font-poppins text-4xs font-light leading-4 text-gray-515">MONEY MATTERS</div><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5347000"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Managing the surge in medical insurance premiums" href="/wealth/wealth-investing/managing-surge-medical-insurance-premiums" target="_blank">Managing the surge in medical insurance premiums</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5349115" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/wealth/wealth-investing/mean-reversion-has-ai-abolished-gravity-share-prices" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/c698b64e0ce286b289708781565902ab967fe659a6df0fa7f7924e30972b2303?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/c698b64e0ce286b289708781565902ab967fe659a6df0fa7f7924e30972b2303?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/c698b64e0ce286b289708781565902ab967fe659a6df0fa7f7924e30972b2303?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/c698b64e0ce286b289708781565902ab967fe659a6df0fa7f7924e30972b2303?q=20&w=3&h=2&f=webp" loading="lazy" alt="Financial pundits have nevertheless been invoking mean reversion because the S&P 500 has risen by 94 per cent over five years to all-time highs, the main reason for which is the barnstorming performance of US tech stocks." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5349115"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Mean reversion: Has AI abolished gravity for share prices?" href="/wealth/wealth-investing/mean-reversion-has-ai-abolished-gravity-share-prices" target="_blank">Mean reversion: Has AI abolished gravity for share prices?</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5302565" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/opinion-features/why-i-go-light-insurance" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/23236b66b51963ffec4fb5654150f1cd3574d3e3df624477c2acc66ad118bf3e?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/23236b66b51963ffec4fb5654150f1cd3574d3e3df624477c2acc66ad118bf3e?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/23236b66b51963ffec4fb5654150f1cd3574d3e3df624477c2acc66ad118bf3e?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/23236b66b51963ffec4fb5654150f1cd3574d3e3df624477c2acc66ad118bf3e?q=20&w=3&h=2&f=webp" loading="lazy" alt="As we live longer, keeping physically fit and economically active become more important." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><div data-testid="basic-card-kicker-component" class="break-words font-poppins text-4xs font-light leading-4 text-gray-515">SENSE & CENTS</div><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5302565"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Why I go light on insurance" href="/opinion-features/why-i-go-light-insurance" target="_blank">Why I go light on insurance</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5324054" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/opinion-features/trump-elected-opportune-moment-himself-will-his-policies-force-fed-change-course" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/b6801ead859e30eb05010f26adfa1208f74621b908c7a6728408bad4d6605392?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/b6801ead859e30eb05010f26adfa1208f74621b908c7a6728408bad4d6605392?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/b6801ead859e30eb05010f26adfa1208f74621b908c7a6728408bad4d6605392?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/b6801ead859e30eb05010f26adfa1208f74621b908c7a6728408bad4d6605392?q=20&w=3&h=2&f=webp" loading="lazy" alt="DBS, OCBC and UOB could sustain their currently high profitability into 2025, especially in light of Trump's inflationary policies" class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><div data-testid="basic-card-kicker-component" class="break-words font-poppins text-4xs font-light leading-4 text-gray-515">MARK TO MARKET</div><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5324054"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Trump elected at opportune moment for himself, but will his policies force Fed to change course?" href="/opinion-features/trump-elected-opportune-moment-himself-will-his-policies-force-fed-change-course" target="_blank">Trump elected at opportune moment for himself, but will his policies force Fed to change course?</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5324371" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/wealth/wealth-investing/even-time-slow-and-steady-works-stock-market" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/4cb051ab35991d18ae40135d6c71b777115cbadf86d53b0b0e0f6caaea71ba9b?w=400&h=267&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/4cb051ab35991d18ae40135d6c71b777115cbadf86d53b0b0e0f6caaea71ba9b?w=300&h=200&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/4cb051ab35991d18ae40135d6c71b777115cbadf86d53b0b0e0f6caaea71ba9b?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/4cb051ab35991d18ae40135d6c71b777115cbadf86d53b0b0e0f6caaea71ba9b?q=20&w=3&h=2&f=webp" loading="lazy" alt="Future US stock returns may not resemble those of the past. It’s possible that the United States has enjoyed a long boom that might be ending." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5324371"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Even at a time like this, slow and steady works in the stock market" href="/wealth/wealth-investing/even-time-slow-and-steady-works-stock-market" target="_blank">Even at a time like this, slow and steady works in the stock market</a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div></div><div class="_componentLoadMore_1ytps_1 cursor-pointer border-y border-gray-850 py-4 text-center my-4"><button type="button" class="uppercase outline-none" data-rac="" id="react-aria-:R6cucu5:">MORE STORIES</button></div></section></div><div 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