U.S. tech giants face pressure from Europe’s telcos to pay for building the internet
European telecom groups are demanding firms like Google and Netflix pay them to compensate for the outsized portion of bandwidth they take up on their networks.
Britain’s new PM is almost a billionaire — with a net worth twice that of King Charles
Rishi Sunak and his tech heiress wife, Akshata Murty, are worth an estimated £730 million ($844 million).
Australian borrowers in good shape to weather higher interest rates, ANZ’s Shayne Elliott says
The Reserve Bank of Australia has hiked the official cash rate six times in a row this year to 2.6%, forcing up mortgage rates from lows of around 2% to about 5% to 6%.
Covid cases, controls spread in China
China’s latest Covid controls affected 9.2% of gross domestic product as of Thursday, up from 7% on Oct. 16, according to Nomura’s model.
Venture capitalists are betting on a part of China’s chip industry safe from U.S. bans
China is so far behind the U.S. in semiconductor technology that some investors are betting on startups to fill that gap.
Bank of Japan sticks to its dovish stance as the rest of the world takes on jumbo hikes
The central bank also said it would purchase necessary amounts of Japanese government bonds at a fixed rate in order to keep 10-year JGB yields at 0%.
An Apple and Tesla exec who quit to build his own startup now has a star-studded list of investors
“I was thinking, it would be much more exciting to really build something from scratch, from the ground up,” said Sukemasa Kabayama of Uplift Labs.
These 13 sell-rated global stocks have serious downside risk, Wall Street analysts say
CNBC Pro screened almost 1,500 large and mid-cap global stocks and found a number of major companies with sell ratings.
American companies increasingly look outside of China after Covid
Nearly twice as many U.S. companies cut their investment in China versus last year, the American Chamber of Commerce in Shanghai found in its latest survey.
Tech stocks are tumbling but one fund manager still loves Microsoft. Here’s why
Tech stocks are seeing more selling this week, but fund manager Brian Arcese is standing by Microsoft, calling it a “solid long-term defensive holding.”
