Microsoft and Alphabet’s US$250 billion stock plunge fuels fears of earnings recession
One analyst predicts a slew of bad corporate earnings will continue through next quarter.
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Twitter losing its most active users, report says
The number of “heavy tweeters” is in “absolute decline” amid a downturn in interest for news, sports and entertainment content, Reuters reported.
Chinese top stocks shed nearly US$70 billion in US
The Nasdaq Golden Dragon China Index fell 14% Monday and is down nearly 80% from its February 2021 peak.
The $5 billion renewables fund backing the big green superpower opportunity
The new deals will be the catalyst for transformation of what is currently a Quinbrook portfolio business into a platform business.
Payments giant Adyen goes head-to-head with Stripe, Square and PayPal
Holding loans on its own balance sheet opens Adyen to default risks.
Country Road’s $1.5 million pledge to fix fashion
Country Road is offering grant funding to projects that aim to provide climate solutions to the fashion industry.
Elon Musk’s fortune is down US$100 billion
In November last year, Tesla CEO Elon Musk became the first person in history to obtain a US$300 billion fortune.
Would you buy land in the metaverse?
HSBC, Nike, Samsung, Warner Music Group, Snoop Dogg, Paris Hilton, have metaverse land holdings.
Coming up in the markets
Federal Budget, inflation numbers and central bank meetings overseas are the focus for markets.
How stocks and bonds cratered during Liz Truss’ tenure
Bond yields in the U.K. and U.S. skyrocketed to their highest levels since 2008 as the market lost confidence in governments’ ability to navigate a looming recession and digested sticky inflation data.