Investors have turned their backs on tech stocks after a series of disappointing results from the biggest names in the industry, including Apple, Google’s parent Alphabet, Microsoft, Amazon and Facebook parent Meta.
By Edward Moya US stocks have been struggling for direction all week after a mixed bag of earnings was accompanied with economic data that supports the idea that the economy is weakening.
By Craig Erlam It’s been another wild ride in the markets this week, but indices are on course to end it roughly where they started. There has been a lot to digest
By Jeffrey Halley Equity markets were higher in Asia Thursday as US index futures rallied after Facebook-parent Meta posted minuscule growth in user numbers, along with robust financials. The results came too
The top ten U.S. publicly traded companies have a cumulative market capitalisation of $12.82 trln as of December 21, a valuation that is at least five times more than China’s top ten
Advanced Micro Devices (AMD) “Computing and Graphics” segment recorded its largest quarterly revenue yet in Q3 2021 after experiencing a 9.5% quarterly CAGR since Q3 2020 – $2.4 bln. As one of
Insurers must innovate to sustain profits and growth as technology alters consumers’ insurance needs and changes the way they buy protection, Moody’s Investors Service said in a new report. Rapid take-up of
By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were mixed Tuesday morning with the Hang Seng painted red as investors kept a close eye on China following a crackdown on
If Cyprus wants to persuade big tech companies to relocate in the wake of the discredited passport scheme, it needs to invest in skilled labour to cater to these firms’ needs. Stakeholders
Following the collapse of the discredited Citizenship for Investment Scheme, and the consequent loss of foreign funds in real estate, Cyprus has turned to tech firms as the next big thing. Stakeholders
