Tech Mania: Meta stock has best day in a decade as Amazon shares hit 2-year high
But Apple (shares down 5% this year) and Tesla (down 26%) have watched on the sidelines as their big tech peers have won over investors in 2024.
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Adidas shares fall after conservative 2024 projections—But company plans to sell leftover Yeezys to buffer hit
The company is attempting to sell most of its remaining stock of Yeezy footwear at cost, instead of writing it off.
PayPal cutting 2,500 jobs this year, reports
Last January, PayPal laid off some 2,000 people.
Amazon’s US$1.4bn iRobot deal blocked: Inside the tech giant’s first failed buy
Amazon’s proposed acquisition of Roomba maker, iRobot, has been scrapped over EU antitrust regulatory concerns.
How will Evergrande’s liquidation impact Australia?
The China Evergrande Group has US$300-billion in liabilities and was put into liquidation by a Hong Kong judge yesterday. Once the largest property developer in China, the fate of Evergrande is expected to impact Australian exports.
Evergrande ordered to liquidate. So what’s next for the world’s most indebted developer and its founder?
A Hong Kong court on Monday ordered Evergrande to be wound up after more than two years since defaulting on its debts, marking another grim milestone for Hui Ka Yan, once Asia’s richest person.
Microsoft becomes second company ever to top $3 trillion valuation
Microsoft joined Apple in the highly exclusive $3 trillion club Wednesday.
Netflix stock soars toward two-year-high as subscribers surge
About a fifth of all Americans and Canadians subscribe to Netflix, boosting the streaming titan to record 2023 profits.
Identity of Medibank hacker revealed as government imposes cyber sanctions
Foreign affairs minister Penny Wong confirmed on Tuesday that the 2022 Medibank cyber attack was the work of a Russian citizen and cyber-criminal, Alexander Gennadievich Ermakov.
How auditor Deloitte missed a Nigerian company’s massive fraud
The accountants certified that Tingo Group had $462 million in the bank. The SEC says it was just $50. Short sellers are rejoicing.