Jul 10, 2022 | Weekly Cache
Last week, the Nasdaq composite leapt 4.6%, the S&P 500 index advanced 1.9%, and the Dow Jones Industrial Average climbed 0.8%. Surprising no one, Elon Musk formally told Twitter he wants out of the acquisition deal, sending shares of Digital World Acquisition...
Jul 2, 2022 | Weekly Cache
H1 2022 was a brutal start to the year — the Nasdaq was down almost 30%, for its worst first half on record, the Dow Jones Industrial Average declined 15%, for its worst first-half performance since 1962, and the S&P 500 closed down over 20%, for its worst...
Jun 25, 2022 | Weekly Cache
Last week was a welcome relief for markets, as the Nasdaq ended the week up 7.5%, and the S&P 500 was up 6.6% for the week. BlockFi signed a term sheet with crypto exchange FTX to access a US$250 million revolving credit line. Polestar goes public amid uncertainty...
Jun 18, 2022 | Weekly Cache
Major indices reverted back to their pre COVID peaks, and the S&P posted its worst week since March 2020 despite a slight rise yesterday, according to Morning Brew. M&A is likely to pick up, and is likely to be a significant driver of value for Canadian tech...
Jun 11, 2022 | Weekly Cache
Late last week, major stock indices suffered another leg down, with the NASDAQ having an especially bearish close on Friday. Clio, a Canadian provider of cloud-based legal technology, announced it had achieved “Centaur” status, a title reserved for private SaaS...
Jun 4, 2022 | Weekly Cache
The market had another down day Friday, as the NASDAQ closed the week down about 1%, after a bit of a reprieve the previous week. Meanwhile, bearish headlines continue to pile up. Fidelity cut Stripe and Reddit valuations amid the tech stock downturn. Forbes and...
