The value of the two companies’ losses dwarf other well-known tech names.Story Published at: January 03, 2023 at 11:01PM
Apple and Amazon lost a ‘staggering’ $800 billion in market cap in 2022. Here’s what that looks like
As investors shift focus from inflation to growth, Club stocks with China exposure stand to gain
As Beijing rolls back restrictions, the Chinese economy has nowhere to go but up. And Club names operating in China should see a boost. Story Published at: January 03, 2023 at 08:33PM
Feds launch FTX task force to recover victim assets, continue probes as Bankman-Fried pleads not guilty
The collapse of crypto exchange FTX led to criminal prosecutors of founder Sam Bankman-Fried and two of his lieutenants in New York federal court.Story Published at: January 03, 2023 at 07:44PM
Sam Bankman-Fried pleads not guilty to federal fraud charges in New York
FTX founder Sam Bankman-Fried pleaded not guilty to fraud charges in a crypto case built with the cooperation of his lieutenants Caroline Ellison and Gary WangStory Published at: January 03, 2023 at 07:13PM
Apple’s market cap falls under $2 trillion as selloff continues
Apple first hit a $2 trillion valuation in August 2020, as the pandemic boosted its sales of computers to work or go to school from home.Story Published at: January 03, 2023 at 05:43PM
Tesla shares tumble more than 10% following deliveries report
Some Wall Street analysts think Tesla’s delivery numbers spell trouble for the electric vehicle maker. Others see a buying opportunity for the company in 2023.Story Published at: January 03, 2023 at 04:36PM
Dubai nixes its 30% alcohol tax in a bid to attract more tourism
The news was cheered by many residents; booze is notoriously pricey in Dubai, with a pint of beer often costing $15 and a glass of wine often $20 or more.Story Published at: January 03, 2023 at 03:18PM
Gold surges to 6-month high, and analysts expect new records in 2023
The price of gold notched a six-month high early on Tuesday, and analysts believe the rally has further to go in 2023.Story Published at: January 03, 2023 at 11:14AM
Here’s how much money it takes to be considered middle class in 20 major U.S. cities
There are countless definitions of “middle class.” See which incomes qualify as middle class in the largest U.S. metros based on one calculation. Story Published at: January 02, 2023 at 03:00PM
Five Chinese startups that survived a tough year of Covid lockdowns
In a year of stringent Covid controls, some Chinese startups that survived found growth online and overseas.Story Published at: January 03, 2023 at 03:03AM