The Australian sharemarket tumbled to its lowest level since June on Wednesday, as shattered investor confidence in tech and growth stocks fed through the market.
The tech sell-off on Wall Street has investors nervous. But one equity strategist says 60-year trends suggest bigger valuations will dominate the next decade.
The ASX dropped sharply in early trading, with tech stocks pounded. The losses came after the tech-heavy Nasdaq tumbled 10 per cent in 3 days, with Tesla plunging 21pc overnight after missing out on S&P500 inclusion. Oil skids, bond yields fall. QBE’s exiting…
The cloud-data company, valued at up to $US23.7 billion and set to be one of the year’s biggest floats, says its customers include 146 of the Fortune 500.
Australian shares are set to drop as the selling of US tech shares yet again hammered Wall Street. Tesla plunged after GM bought a stake in Nikola. $A tumbles.
Missing Belarusian protest leader detained ‘trying to enter Ukraine’ – The Australian Financial Review
The circumstances of her attempted journey to Ukraine were not immediately clear, with some media reports initially suggesting she had made it across the border, something border guards on both sides later denied.
‘Powerful political actor’: TikTok censoring content, report finds – The Australian Financial Review
ASPI is partly funded by Australia’s Department of Defence and considered close to the country’s security establishment. It received a research grant of $US250,000 ($343,000) from the US State Department, which was used towards compiling its report. “Possessi…
Big four consulting firm PwC has poached seven of rival Deloitte’s highest-profile technology experts, to target an expected boom in post-COVID-19 tech spending.
Both the US and China have technologies to protect, and economic weapons to do that. But China’s immediate future looks a bit brighter. Decoupling, it turns out, is a two-way street.
Australian tech companies have had a breakout year despite, or perhaps because of, the toughest economic conditions in decades. Adapting to the in disruption is key.
ASX-listed tech investor Bailador has upped the value of its stake in Instaclustr by 42 per cent to $27 million after it continued to flourish despite the pandemic.
Jon Whittle says scrimping on R&D is dangerous for tech companies now, while the uni crisis means more entrepreneurs than academics.