Nov 26, 2022 | Weekly Cache
In the US holiday shortened week, the Dow Jones Industrial was up 1.7%, S&P 500 index climbed 1.5%, and the Nasdaq was up 0.8%. In the third quarter, Canada saw $896 million invested across 144 VC deals, according to the Canadian Venture Capital and Private Equity...
Nov 19, 2022 | Weekly Cache
After the previous week’s gain, the Dow Jones was up very modestly last week, S&P fell 0.7%, and the Nasdaq was down 0.7%. Global venture funding plateaued in October, with valuations likely to blame. Masayoshi Son owes US$4.7 billion to SoftBank following...
Nov 12, 2022 | Weekly Cache
Last week, the Dow Jones gained 4.15%, S&P 500 was up 5.9%, and the Nasdaq rose 8.1%, in its best weekly gain since March, aided by a cooler-than-expected inflation report. The rest of week was defined by seemingly never ending FTX and Twitter headlines. Crypto...
Nov 5, 2022 | Weekly Cache
Last week, the Dow Jones Industrial fell 1.4%, S&P 500 was down 3.3%. Nasdaq fell 5.7%, its worst loss since the week ended Jan. 21. Numerous tech companies announced hiring freezes and/or reductions in force; Amazon has paused corporate hiring for ‘next few...
Oct 29, 2022 | Weekly Cache
Last week, the Dow Jones was up 5.7%, its fourth straight weekly gain, S&P 500 was up almost 4%, the Nasdaq was up 2.2%, including a 2.9% Friday move. Mega tech had a rough earnings season, and the five mega-caps were down an average of 12% post earnings. Apple,...
Oct 22, 2022 | Weekly Cache
Last week, the Dow Jones closed up 4.9%, the S&P 500 was up 4.75%, and the Nasdaq composite closed up 5.2%. Google is reportedly in talks to invest US$200 million into Toronto AI startup, Cohere. Grocery delivery app Instacart has decided to push its highly...
