Shares of Intel slumped and its rivals surged on Friday after the US chip maker signalled it may give up manufacturing its own components after falling far behind schedule developing its newest technology.
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The big deals that Prosus should be winning are slipping through its fingers. It’s not a great start for a company set up to be a deal machine.
South Africa’s benchmark equities index is set to erase its 2020 drop, staging a spectacular snap-back from its March trough following a surge in shares of market heavyweight Naspers.
eBay would prefer to keep a stake in the classified advertising business it’s selling, according to people familiar with the matter, lessening the chances Prosus will win the hotly-contested auction.
Prosus handed in the highest offer for eBay’s classifieds unit, putting the Naspers-owned business in pole position to win one of the largest auction processes this year.
Apple is getting close to overtaking Saudi Arabia’s state-owned oil company in market valuation, a milestone that would make the technology giant the world’s largest company by that measure.
India’s richest man surged past Silicon Valley tech titan Elon Musk as well as Google co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.
As of Monday morning’s open on Wall Street, Apple – the listed US company that’s attracted the largest valuation of them all – had a market capitalisation of $1.7-trillion.
The US stock market has been on a tear for the past three months, and Big Tech gets much of the credit. But how can this possibly be when the coronavirus has inflicted so much damage?
Alibaba Group co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6-billion at its current share price.