U.S. shares offered off on Thursday as investors parsed via a lot more hotter-than-anticipated financial facts and hawkish Fedspeak. The S&P 500 (^GSPC) sank 1.4{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9}, although the Dow Jones Industrial Average (^DJI) declined by 1.3{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9}. The technological know-how-heavy Nasdaq Composite (^IXIC) plunged by 1.8{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9}. Bitcoin (BTC-USD) rallied, hitting a new […]

Andrew Ross Sorkin speaks with Amazon CEO Andy Jassy during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images Shares of Amazon fell 8{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} on Friday, a day after […]

It’s been another rough year for China’s tech stocks. Billions have been wiped off the value of the country’s internet giants including Alibaba and Tencent and companies have posted their slowest growth rates on record. A Covid resurgence in China, which the government countered with its strict “zero-Covid” policy of […]