Malaysian biotech CytoMed Therapeutics (GDTC) has filed for a proposed $15M initial public offering. CytoMed is a biotech company spun off from Agency for Science, Technology and Research (A*STAR), Singapore’s lead R&D agency in public sector and focus on translating … Continue reading Malaysian biotech CytoMed Therapeutics files for $10M US IPO
Over the last few years, insiders as a group have been huge sellers of technology stocks. The need to diversify their holdings combined with stock prices that had been bid up to levels unhinged from reality contributed to these large … Continue reading Datadog: The Technology New Star With Recent Insider Buying
Data showed that China’s economy was a burden on Alibaba’s core business, but the Chinese ecommerce giant’s happy enough. China’s economic woes have been taking a toll on Alibaba: while the firm inched sales up by 3% last quarter from … Continue reading Alibaba got squeezed in China’s economic crunch, but it wasn’t all toil and trouble
What did Goldman find? It broke down a series of risk factors, but before we dive deep into those, let’s take a look at where we are now in terms of delinquency rates. They aren’t trending upward: in the US, … Continue reading Goldman Sachs Believes Housing Will Live To Fight Another Day
Exxon and Chevron are the latest big energy firms to report piled-up profit this year. Exxon, for starters, boasted its strongest quarter in its 152-year history. The oil and gas behemoth’s earnings nearly tripled from the same time last year to hit … Continue reading Exxon And Chevron Are Making Big Tech Look Like Old News
SoftBank’s Vision Fund, which oversees the world’s biggest tech-focused investment funds, admitted nearly $10 billion in investment losses last quarter, after being burned by tear-inducing stock dips from the likes of DoorDash, Chinese AI firm SenseTime, and Indonesian e-commerce company … Continue reading SoftBank Vision Fund, Hard Times
What are the three big risks? 1. Recession The risks of a recession are higher in Europe than in the US – and mostly that’s down to the Russia-Ukraine war and sharply higher energy costs. And the economic slowdown in China has everyone … Continue reading Global Market Sentiment-Fall Time
Warren Buffett’s Berkshire Hathaway reported quarterly results over the weekend, which showed that healthy income from high interest rates made up for some of last quarter’s stock losses. What Does This Mean? Warren Buffett and his right-hand man Charlie Munger have beefed … Continue reading Buffeted But Still Standing
It’s been a wild week in crypto. Binance, the world’s biggest crypto exchange, announced Tuesday it plans to buy FTX, a top-five crypto exchange and one of its leading rivals. The next day, it walked away. Now, a bankruptcy filing … Continue reading What just happened with Binance and FTX?
What’s Going On Here? Meta announced the biggest staff cut in the company’s history on Wednesday. What Does This Mean? Meta’s dismal report from last month revealed its second-straight quarterly drop in revenue and piling losses from its risky metaverse bet. Investors dropped Meta … Continue reading Out of the Metaverse
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