The Nasdaq Composite index is officially in a bear market thanks to US President Donald Trump’s tariff war.
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Much of the slump reflects Wall Street’s rapid rotation out of companies tied to artificial intelligence.
Nasdaq has agreed to buy financial software firm Adenza from private equity firm Thoma Bravo for $10.5-billion.
Flutterwave has obtained a switching and processing licence for electronic payments in Nigeria as it seeks to expand across the region.
Flutterwave is preparing for an initial public offering on the Nasdaq stock exchange even as it deals with regulatory hurdles in its key markets.
The Nasdaq 100 Index lost more than $1-trillion in market value in the past four sessions. Yet its roller-coaster ride may have only just begun.
Datatec’s share price is in the dumps and the management team, led by CEO Jens Montanana, is thinking big to find ways of unlocking value.
In the waning days of Donald Trump’s presidency, Jeremy Grantham warned that US stocks were in an epic bubble. He now predicts Joe Biden’s economic recovery plan will propel them to perilous new heights, followed by an inevitable crash.
Technology and Internet stocks have been among the standout performers in 2020, but the scale of their advance has underlined concerns over valuation.
Hedge funds have pulled back from one of the biggest short positions in US tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.