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While headlines haven’t turned positive yet, Dow Jones was up 2.7% last week, the S&P 500 rose 3.65%, and the Nasdaq composite was up 4.1%. In Canada, Bragg Gaming secured U.S.$8.7 million funding for Company’s further execution on its growth initiatives. Shopify announced a pair of leadership changes Thursday, with a new chief operating officer set to take over immediately and a new chief financial officer slated to begin in October. U.S.-listed Chinese stocks fell Monday amid lockdown restrictions on 65 million people. Shares of Getty Images shot up 13.4% in premarket trading Wednesday, after the visual content company said it signed a “multi-year” renewal agreement with Amazon. GameStop reported wider loss, and announced a partnership with crypto exchange FTX. Netflix is trying to better control rising cloud computing costs with longtime cloud partner Amazon Web Services as part of its efforts to reduce total expenses, the Wall Street Journal reported. Former Disney CEO Bob Iger said on Wednesday that the company estimated a “substantial portion” of Twitter users were “not real” back in 2016 when the entertainment giant was considering buying the social media platform. Apple picks Globalstar for emergency satellite service on iPhone 14. While people are hyped up about the Apple September event, Bloomberg‘s Mark Gurman is back with more information regarding the upcoming Mixed Reality headset. According to him, Apple is developing three new headsets code-named N301, N602, and N421. Uber partners with Nuro on food deliveries using autonomous EVs starting in the fall. Rocket Lab’s recycled booster engine fired flawlessly after an ocean landing. Amazon’s ‘Lord of the Rings’ TV series got a record 25 million viewers. Apple TV+ global market share surpasses 6%. Mercedes-Benz and Rivian partner to jointly build electric vans in Europe.

Last week, the Dow Jones was down 3%, the S&P 500 lost 3.3%, and the Nasdaq composite fell 4.2%. Cathie Wood’s flagship ARK fund sees biggest monthly outflow in a year of US$820 million in August, just shy of its September 2021 outflow of US$939 million. Softbank Vision Fund is cutting 100 jobs. Snap is planning to lay off approximately 20 percent of its more than 6,400 employees, according to people familiar with the matter. U.S. regulators to vet Alibaba, JD and, other Chinese firms’ audits. Warren Buffett’s Berkshire Hathaway sold shares in Chinese EV maker BYD for the first time in 14 years – and rakes in a 3,400% profit. Shares of Pinduoduo shot up 7.4% in premarket trading Monday, after the China-based company that connects agricultural producers with consumers reported second-quarter profit that more than tripled and revenue that rose well above expectations, citing “a recovery in consumer sentiment.” Twitter stock falls after Elon Musk sends another merger termination letter, for different reasons than the first one. MicroStrategy stock falls after DC AG sues CEO for tax fraud. iPhone US market share hits all-time high, overtaking Android; dominates global premium sales. OnlyFans, the adult content site best known for explicit content, reported revenue soared 160% to US$932 million year-over-year, according to financial results for the year ending November 2021. Netflix is seeking to charge advertisers top dollar of roughly US$65 for reaching 1,000 viewers, a measure known as CPM, or cost per thousand. Nvidia, AMD warned of new US export restrictions on AI chips. Shortage of 50-cent chips holds up US$50,000 cars, TSMC chief says. Micron Technology is investing $15 billion in new plant in Boise, Idaho. Honda and LG Chem will build a US$4.4 billion EV battery factory in the US. Bosch to invest US$200 million in US fuel cell production for electric commercial trucks.

Last week, the Dow Jones fell 4.2%, the S&P 500 fell 4%, and the Nasdaq composite fell 4.4%. Hedge funds are piling back into their favorite FANG stocks amid rising uncertainties in the stock market as investors grapple with elevated inflation and a Federal Reserve that is still expected to raise interest rates, according to Goldman Sachs. Global spending on technology, which includes cloud services, is expected to rise about 3% this year, well below the 10% annual growth in 2021 and the nearly 7% gain the year before, according to Gartner. The US IPO market faced the worst year in two decades. So far this year, traditional IPOs have raised only US$5.1 billion, Dealogic data shows. Typically, at this point in the year, traditional IPOs have raised around US$33 billion. Instacart orders and revenue grew in the second quarter as consumers stuck to online grocery delivery despite rising prices and store reopenings, a promising sign for investors as the company prepares for an initial public offering as soon as later this year. An army of Tesla fans in South Korea holds a collective stake of more than US$15 billion, putting them among its top shareholders, report says. The U.S. and China are nearing an agreement that would allow American regulators to inspect the audit records of Chinese companies listed in New York. China’s Pinduoduo to enter US market in first international step. T-Mobile and SpaceX Starlink say your 5G phone will connect to satellites next year. Sophic Client, UGE International (UGE-TSXV, UGEIF-OTC) CEO Nick Blitterswyk discussed the solar boom and how Biden’s climate bill could benefit business on ‘ on Fox Business. Eguana (EGT-TSXV) announced a US$33.0 million strategic investment by ITOCHU Corporation and provides update on US$5 million second tranche loan from Western Technology investment. Sophic Client Swarmio (SWRM-CSE, SWMIF-OTC) announced that it received $802,275 in secured debt from various private lenders. Open Text (OTEX-NYSE, OTEX-TSX) plans to acquire Micro Focus at US$6 billion valuation.

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 fintech giant Ant’s valuation lower. WeWork’s co-founder lined up a US$350 million A16Z investment for a new billion-dollar real estate venture. Chinese internet giant Tencent reported its first-ever quarterly revenue decline since the company went public in 2004, as China’s economic slowdown took a toll. Shares of Hong Kong-listed food delivery service Meituan fell as much as 10% after Reuters reported that shareholder Tencent Holdings was planning to sell all or a bulk of its US$24 billion stake. Unity Software on Monday rejected gaming software company AppLovin Corp’s US$17.54 billion takeover offer and said it would go ahead with its deal to purchase mobile app monetization software company ironSource. Amazon is testing a feature in its app that would show users a TikTok-style photo and video feed of products for shoppers to share with other users. After dealing with booming demand and global shortages since the start of the pandemic, the semiconductor industry is facing a sudden downturn. The suddenness of the turn has ricocheted through the sector since late July, when Intel stunned Wall Street with the news that revenue in its latest quarter had fallen US$2.6 billion, or 15 per cent, short of expectations. In Canada, After the boom of 2021, Canadian venture capital investment is normalizing back to pre-pandemic levels, per the latest data from the Canadian Venture Capital and Private Equity Association (CVCA). Sophic Client LuckBox (LUCK-TSXV, LUKEF-OTC), management provided positive forward looking comments at the Company’s AGM held last week, guiding to profitability in H1 2023 supported by the Company’s existing cash balance.