Aug 20, 2022 | Weekly Cache
Friday reversed a good start to the week, the Dow Jones closed the week down 0.2%, the S&P 500 fell 1.2%, and the Nasdaq composite was down 2.6%. In the USA, 522 startups have laid of 70,698 employees in 2022, according to Layoffs.fyi. Fidelity,and BlackRock cut...
Aug 14, 2022 | Weekly Cache
Last week, the Dow Jones was up 2.9%, the S&P 500 was up 3.25%, and the Nasdaq composite was up 3.1%. The Nasdaq is now up 20%+ since it’s June 16th low. SoftBank reported a record net loss of US$23.4 billion for Q2 2022, as the global stock market rout dealt a...
Aug 6, 2022 | Weekly Cache
Last week, the Dow Jones closed down 0.1%, the S&P 500 rose 0.4%, and the Nasdaq was up 2.15%. Apple is again planning to issue debt to reward its shareholders by buying back its stock and paying dividends, according to a regulatory filing. Meta launched its first...
Jul 30, 2022 | Weekly Cache
Last week, the Dow Jones was up 3%, the S&P 500 rose 4.3%, and the Nasdaq composite rose 4.7%. Amazon, and Apple stock responded well to earnings last week, while Meta piled onto growing fears that advertising demand is plummeting, posting its first decline in...
Jul 23, 2022 | Weekly Cache
This week, the Dow Jones rose 2%, the S&P 500 gained 2.6% and the Nasdaq was up 3.3%. As Q2 earnings season kicks off, Snap gapped down ~40% gap down on Friday. Google and Apple are pausing hiring. SoftBank has put on hold plans for a London IPO of Arm because of...
Jul 16, 2022 | Weekly Cache
Major indices fell during the week, only to recover most losses towards the end. The Dow Jones Industrial fell 0.2% last week, S&P 500 fell 0.9%, and the Nasdaq dropped 1.7%. Toronto’s, and Vancouver’s tech talent pools saw the highest growth in North America,...
