Meta sticks to metaverse plans as already-meager sales evaporate
Focus on the metaverse comes as advertising revenues are under pressure.
Investing
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.
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.
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.
What economic slowdown? Airlines are not seeing it
In the past week, the three largest legacy U.S. airlines have all reported third-quarter revenue in the double-digit billions, with a B.
Netflix adds 2.4 million subscribers after months of declines
In November, Netflix plans to launch a cheaper ad-supported tier, the first time ads will be coming to the streaming service.
Atlanta Fed president says trades ‘inadvertently’ made during blackout periods
Atlanta Fed President Raphael Bostic released a seven-page explanation.
Legendary value investor Bill Miller says buy Bitcoin and eight other stock bargains
The famed value investor thinks stocks have come down to attractive valuations after a selloff this year.