Elon Musk loses $24 billion after Tesla stock falls roughly 9%
Tesla stock fell after a poor earnings report and ominous statements from CEO Elon Musk.
Investing
HR ‘double unicorn’ Employment Hero valued at $2bn after $263 million raise
Tech unicorn Employment Hero has announced a $263 million Series F round to fuel its rapid global expansion, the company revealed on October 19.
The great rebalancing: How we can get the most out of the Aussie tech sector
Australia’s tech industry has been shocked by the scale of repeated local layoffs this year.
Three Aussie entrepreneurs to watch
Forbes Australia picks out the three Aussie entrepreneurs who are making waves in the startup space right now.
‘Markets flummoxed’: Experts weigh in on Israel-Hamas war
While markets initially had a knee-jerk reaction to the Israel-Hamas war, with higher oil prices and lower bond yields, they’ve since calmed down, with the S&P 500 closing 1.5% higher on October 17.
Netflix earnings: Subscribers swell to record 247 million as stock soars
Netflix reported nine million net subscriber additions exceeded analyst estimates.
Trump told CFO he wanted net worth to ‘Go up’ on financial statements, exec testifies at trial
Prosecutors accuse the former president of intentionally inflating the value of assets to boost his net worth.
Lululemon stock rallies to 52-Week high after joining S&P 500
The Canadian athleisure firm is on track for its second-largest share price surge of 2023.
IPOs of the smallest companies post astonishing failure rates, but bankers still win
Credulous retail investors are the biggest losers, according to new research.
Qatari Sheikh revokes US$6 billion bid for Manchester United – opening door for UK billionaire James Ratcliffe
Britain’s richest man Ratcliffe may now be on the cusp of taking over the Premier League’s most valuable team, though Bloomberg reports he may initially buy only a quarter of the club.