Investing

While regional banks struggle to hold onto deposits, and maintain net interest margins, Apple and Goldman’s new savings account is showing big inflows.

First Republic’s stock cratered on Friday, and is now down 98% from its 52-week high.

Spoiler alert: shareholders are losing their shirts. Blame a series of unusual gaffes, snafus and miscommunications.

The Facebook parent had its largest daily stock gain in a decade the day after its last earnings report.

“First Republic is still in the danger zone,” one analyst warned Tuesday.

Emma Fisher, Portfolio Manager and Head of Research at Airlie Funds Management, talks to Forbes Australia about the changing credit market, the debt cycle and the lessons we have learned from previous economic downturns. She says that, first and foremost, we have been here before. Now it’s time for companies to hold on tight and ride out the cycle.

The company has suffered financial issues since 2019.

“Taylor is Smart,” the world’s second-wealthiest man Elon Musk said about the singer’s due diligence.

Casino operator Star Entertainment will cancel all executive bonusses, freeze salaries and axe 500 jobs after “experiencing a significant and rapid deterioration in operating conditions” particularly at its Sydney and Gold Coast casinos.  

It’s going to get harder for tech startups to secure bank funding, CEO of professional services software startup Ignition and angel investor Guy Pearson tells Forbes Australia. Pearson co-founded Ignition more than a decade ago after experiencing first-hand the manual processing problems in the accounting industry. Today, Ignition is claiming to build the “Shopify for […]