‘Safe port in the storm:’ Why investors rewarded Apple but fled its Big Tech peers after earnings
Apple’s performance during earnings this past week got a drastically different reaction from investors than its Big Tech peers Amazon, Google and Facebook.
EU official warns Musk he’ll have to ‘fly by our rules’ as he buys Twitter
After Musk indicated his takeover of Twitter was complete, the EU’s Thierry Breton tweeted: “In Europe, the bird will fly by our rules.”
U.S. economy seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO
Consumers and corporations have strong underlying credit and are not holding back, Brian Moynihan said.
Europe’s ‘not out of the woods’ despite gas prices falling to 4-month lows
Europe’s energy crisis isn’t over, and analysts are warning European policymakers against complacency.
‘I don’t lose sleep’: Bank of America CEO isn’t worried about financing the Twitter deal
The CEO of Bank of America doesn’t appear worried about funding Elon Musk’s Twitter takeover.
Asia would be the biggest loser if the global economy splits up, IMF warns
Asia-Pacific has more to lose than any other region if the global trade system splits up in the wake of geopolitical tensions, the IMF warned.
European markets close mixed after central bank rate hike and flurry of earnings reports
European markets were mixed as investors continue to digest the European Central Bank’s decision to raise its interest rate by 75 basis points.
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%.
