Your Money with Michelle Martin

From a pop-up in London  to a 10-brand international group - how do you scale in F&B without losing soul? In this episode, hosted by Michelle Martin, Chef-Founder Dave Pynt of Burnt Ends Hospitality Group shares his journey from dishwashing to growing a culinary empire. Hard work, an attention to customer needs and smart pivots figure large, in his 13-year journey. We unpack the growth of the group from Michelin-starred Burnt Ends to Meatsmith and The Ledge in the Maldives and Bali. Dave reveals how new concepts are born while staying true to the group’s wood-fire ethos. We explore the operational realities of scaling talent, culture and consistency across borders. Finally, we ask what’s next - partnerships, new markets, or experiences diners haven’t imagined yet.

What if the real AI opportunity in 2026 isn’t in the stocks everyone already owns? In this episode, hosted by Michelle Martin, we explore whether the crowded “AI Builder” trade is reaching diminishing returns and where capital could rotate next. Guest Raisah Rasid, Vice President, Global Market Strategist, JP Morgan Asset Management, maps out under-owned sectors quietly integrating AI for margin expansion. We examine how traditionally low-margin industries could see profitability leap as automation scales. With Trump’s global tariff rate rising from 10% to 15%, we unpack what Asia’s calm reaction - including the STI’s resilience - is signaling. We also look at how investors can diversify away from mega-cap concentration without losing AI exposure. Finally, we ask what contrarian AI view could define the rest of 2026.

Is AI now a valuation divider? In this episode, hosted by Michelle Martin with Ryan Huang, we unpack UOB’s 7% dip in Q4 profit to S$1.41 billion and what it signals for Singapore banks amid a shifting rate environment. FedEx moves to recover tariff costs after a U.S. Supreme Court ruling, just as President Trump doubles down on global tariffs - rattling U.S. stocks. IBM tumbles 13% on fears an Anthropic programming breakthrough could disrupt legacy code businesses. Meanwhile, Paramount raises its bid for Warner Bros Discovery in a high-stakes move to counter Netflix. We also assess how the STI is holding up amid global volatility and whether this is rotation - not retreat. Companies in focus: UOB | FedEx | IBM | Anthropic | Paramount | Warner Bros Discovery | Netflix

Is Singapore witnessing a durable capital markets revival - or the final act of a liquidity-driven surge? In this episode, hosted by Michelle Martin, we examine whether the STI’s charge past 5,000 marks a structural re-rating of Singapore equities or a cyclical rebound fuelled by policy tailwinds. With Jason Saw, Group Head of Investment Banking at CGS International, we unpack Budget 2026’s S$1.5 billion EQDP top-up and the new Anchor Fund - and what they mean for price discovery and pre-IPO pipelines. We explore how improving breadth - with more small- and mid-cap counters trading above S$1 million daily - signals deeper liquidity and broader participation. The conversation turns to sector leadership: banks, offshore oil & gas, construction, AI-linked plays, and real estate - where fundamentals and sentiment intersect. We assess whether rising IPO activity and corporate actions point to sustainable issuer confidence across primary and secondary markets. Finally, we ask how investors can “read” momentum cycles to gauge when expansion gives way to consolidation.

Markets are anything but sleepy this morning as we come to grips with US global tariff hikes to 15%.  US President Donald Trump is reimposing temporary 15% tariffs after a Supreme Court setback - Michelle asks what this means for Singapore exporters and global trade deals. MIchelle and Ryan unpack how Digital Core REIT, backed by Digital Realty, is pivoting to an “offensive” strategy despite a vacant US asset and weak unit performance. We examine how earnings take centre stage with Nvidia, Workday, Dell Technologies and Intuit all reporting this week. In UP or DOWN, we size up Latin America’s record rally, Rolls-Royce Holdings’ buyback plans, CoreWeave’ funding jitters, and Minor International’ debt-cutting REIT ambitions. Closer to home, the STI extends gains past 5,000 as Yangzijiang Shipbuilding and Genting Singapore outperform while Singapore Exchange lags. And for our Last Word, both explore how Japan’s “nekonomics” turned feline fandom into a multi-billion-dollar GDP contributor.

What if you could own a slice of a prime building in Singapore for the price of a holiday - and trade it like a stock? In this episode, hosted by Michelle Martin, we unpack whether real estate tokenisation is a breakthrough or just a buzzword. What do you actually own? How does tokenised property differ from a REIT? How as an investor can you tell  whether liquidity is real or theoretical? Does Singapore’s strong REIT market make tokenisation redundant - or is there a genuine access advantage? To what extent is tokenisation of property an opportunity in Singapore - or still a wait-and-see experiment? Michelle Martin speaks with Keith Ong, CEO, RealVantage for his view on the issues.

Can you really call yourself the world’s biggest retailer if your edge comes from the cloud? In this episode, hosted by Michelle Martin with Ryan Huang, we unpack how Amazon dethroned Walmart in 2025 revenue - but only thanks to AWS. Strip out cloud, and the retail crown looks very different. We examine Walmart’s softer profit print, its quiet online gains, and why its stock is beating Amazon year-to-date. In Singapore, DBS upgrades Genting Singapore amid strong cash reserves and a constructive gaming environment. Plus: Sea Ltd & Google’s AI tie-up, Nestlé’s ice cream exit, New Balance vs Nike, OUE REIT & UOB’s One Raffles Place sale, and the STI’s charge past 5,000. Hear about: Amazon | Walmart | AWS | DBS | Genting Singapore | Sea Ltd | Google | Nestlé | New Balance | Nike | OUE REIT | UOB | Yangzijiang Shipbuilding | Mapletree Logistics Trust

If AI can replace junior lawyers overnight, what does that mean for your portfolio tomorrow? In this episode, hosted by Michelle Martin, with guest Arun Pai, Associate Partner, Monk’s Hill Ventures  we unpack how an AI model from Anthropic is unsettling legal firms and deepening the AI scare trade across tech markets. Why did billions evaporate in a single session - was it panic, or a recognition that business models are being rewritten? We explore whether value now lies in proprietary data, ecosystem dominance, or AI infrastructure control. In Asia, Indian billionaire Mukesh Ambani and Larry Fink of BlackRock are urging Indians to pivot from gold into domestic equities - could this fuel a 1990s-style retail boom? We assess India’s growth outlook and whether capital rotation signals explosive expansion ahead.

One legend exits, a streaming war reignites, and AI redraws the market map - where should investors focus now? In this episode, hosted by Michelle Martin with Ryan Huang, we unpack Warren Buffett’s last portfolio reshuffle at Berkshire Hathaway - trimming Apple, Amazon and Bank of America while adding some well-known names. Berkshire has now been a net seller for 13 straight quarters - is the Oracle signalling caution at peak valuations? In media, Warner Bros Discovery’s $70B content deal with Netflix faces a last-minute push from Paramount - can it outbid and reshape the streaming battlefield? Tech leads markets higher as Nvidia inks a multi-year AI infrastructure deal with Meta, potentially squeezing Broadcom’s edge. In UP or DOWN, we size up Palo Alto Networks’ profit miss, Moderna’s FDA review reversal, and Yangzijiang Maritime’s proposed buyback. Back home, the STI reopens with CapitaLand Investment up while OCBC, DFI Retail and Hongkong Land lag - is Singapore ready to gallop into the Year of the Horse? Hear about  Berkshire Hathaway, Apple, Amazon, Bank of America, New York Times, Domino’s Pizza, Chevron, Warner Bros Discovery, Netflix, Paramount, Nvidia, Meta, Broadcom, Palo Alto Networks, Moderna, Yangzijiang Maritime, CapitaLand Investment, OCBC, DFI Retail, Hongkong Land.

Our episode takes us from dormitories in Dubai to data centres in Seattle as investors navigate a market that feels both ambitious and anxious. Centurion Corp eyes Middle East expansion as Amazon stumbles, AMD faces scepticism, and Anthropic rides a post-Super Bowl surge - all while the STI flirts with the 5,000 mark. In this episode, hosted by Michelle Martin with Ryan Huang, we unpack Centurion’s “baby steps” into migrant housing demand across the Gulf. US markets pause but remain jittery, with AI reshaping sentiment around Amazon, AMD and Palo Alto Networks. Corporate earnings from Walmart and DoorDash add to the week’s catalysts as India hosts the AI Impact Summit featuring Microsoft and Anthropic. Back home, Yangzijiang Shipbuilding and Keppel Corp outperform while DBS lags the STI. Plus, in UP or DOWN, we size up GuocoLand’s movies and whether Anthropic’s marketing momentum signals something bigger. Hear about: Centurion Corporation, Amazon, AMD, Anthropic, Microsoft, Palo Alto Networks, DoorDash, Walmart, GuocoLand, Yangzijiang Shipbuilding, Keppel Corp, DBS.