The Nub Elon Musk’s decision to revive his $44-billion buyout of Twitter is shockingly good news for investors including billionaire Carl Icahn who continued to bet on the outcome of the deal through months of uncertainty. After Musk and Twitter agreed to proceed with the deal at the original offer price at $54.20 a share …
The Nub Alphabet Inc’s Google will pay $85-million to resolve a consumer privacy suit by Arizona claiming the technology giant surreptitiously collects data on users’ whereabouts for targeted advertising. The settlement comes as Google is facing similar complaints by a group of state attorneys general, including Texas, Indiana and Washington, in their respective state courts, …
The Nub One by one, short sellers are being forced to capitulate as market expectations grow for a slower pace of central bank tightening. Whether in stocks or bonds, bearish bets are being dealt a blow as US data begin to reflect the fallout from the Federal Reserve’s aggressive rate hikes. A dovish pivot by …
The Nub Asian stocks extended a rally on Wednesday following the best two-day run for US equities in more than two years, as investors began to anticipate a slowing to central bank tightening that could jolt risk assets higher. Hong Kong stocks jumped after a one-day break and Australian, Japanese and South Korean shares rose …
The Nub The stock market downturn since the start of the year has caused the longest drought in US technology listings this century, with experts cautious about the pace of a revival even after tentative signs of life in other sectors. Wednesday will mark 238 days without a tech IPO worth more than $50mn, surpassing …
The Nub The global economy faces not one but four key uncertainties including a downturn next year, according to Singapore central bank chief Ravi Menon, in a signal that policy makers will be in firefighting mode for longer. He listed the severity of the downturn, inflation’s trajectory in the medium term, impact of geopolitics on …
The Nub The underwhelming performance of global technology stocks this year may have left some investors mystified as to how businesses that are supposedly the wellspring of a digitising global economy can so quickly fell out of favour. In periods of underperformance, investors may want to revisit the industry themes and stock theses underpinning their …
The Nub Stocks climbed in Asia following a rebound in the final hour of New York trading as investors shifted positions ahead of a flurry of central bank decisions this week led by the Federal Reserve. MSCI’s Asia-Pacific equity index advanced for the first time in six days, paced by tech stocks in Hong Kong, …
The Nub A majority of chief information officers (75 per cent of the respondents) feel the need for increasing the tech budget and driving businesses toward innovation and digital platforms like artificial intelligence (AI), machine learning (ML) and cloud, according to a survey report by Grant Thornton Bharat and Dynamic CIO. On organisations adapting to …
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