World
Meta-owned messaging service WhatsApp back online after global outage
Visits: 8WhatsApp, the messaging app owned by Facebook parent Meta, suffered a global outage on Tuesday. Read More Go To Source
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World
Investor fears about Xi’s new leadership team ‘may be misguided’
Visits: 260Newly promoted Chinese President Xi Jinping loyalists previously led “rich provinces where economic growth is still the top priority,” Teneo analysts said. Read More Go To Source
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Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on ‘metaverse’
Visits: 16The Meta investor says the company can get its “mojo back” by reducing headcount and limiting the company’s investments in “metaverse” technology. Read More Go To Source
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U.S.-listed Chinese stocks drop 15% after Beijing’s power reshuffle makes the market ‘uninvestable’
Visits: 18The Invesco Golden Dragon China ETF, which tracks the Nasdaq Goldman Dragon China Index, plunged 20% at its intraday low to hit its lowest level since 2009. Read More Go To Source
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Charts suggest the U.S. dollar could be peaking, Jim Cramer says
Visits: 2The value of the U.S. dollar has surged in recent months, driven by the Federal Reserve’s aggressive interest rate raises and the hot U.S. economy. Read More Go To Source
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U.S.-listed Chinese stocks drop 20% after Beijing’s power reshuffle makes the market ‘uninvestable’
Visits: 12The Invesco Golden Dragon China ETF, which tracks the Nasdaq Goldman Dragon China Index, plunged 20% at its intraday low to hit its lowest level since 2009. Read More Go To Source
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Inflation is dominating the conversation on earnings calls. Here’s what execs are saying
Visits: 14One thing is clear at the start of the corporate earnings season: Inflation remains a hot topic for company executives. Read More Go To Source
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Rishi Sunak to be Britain’s new prime minister as rivals quit race
Visits: 3Rishi Sunak will be named the U.K.’s new prime minister following a fast-tracked Conservative Party leadership race. Read More Go To Source
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Rishi Sunak closes in on Downing Street after Boris Johnson pulls out of leadership race
Visits: 16Rishi Sunak looks set to become the next U.K. prime minister with results to be announced Monday afternoon. Read More Go To Source
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Tesla shares down 3% in premarket after Elon Musk’s EV firm cuts price of cars in China
Visits: 14Tesla cut the price of its Model 3 and Model Y in China, partly reversing price hikes earlier in the year. Read More Go To Source