WallStreetBets founder James Rogozinski claimed Reddit ripped away the brand he created just months before it was at the heart of the meme trading frenzy, according to the Wall Street Journal.
A prolonged period of consolidation might be a welcome opportunity to invest at a sensible price.
A misstep with Alphabet’s new AI chatbot sent shares tumbling, and the world’s richest person lost billions.
“The numbers speak for themselves,” said Adidas CEO Bjørn Gulden, warning the firm could lose US$1.3 billion in revenue in 2023 if the Yeezys cant be sold.
Mark Zuckerberg had his best day ever; Gautam Adani’s epic losing streak continues; and a woman re-enters the world’s top 10.
Some sectors remain overvalued in the current market environment.
From an investment perspective, the issue is whether inflation will prove more persistent and require tighter monetary policy or tighter financial conditions start to bite.
The re-opening of China and the performance of the US economy will be the two dominant themes for global equity markets in 2023.
Commodities – especially energy – are fundamentally the biggest driver of inflation.
In Australia the RBA has engaged in a “high wire” act in exercising a comparative caution in raising the policy rate.