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Tencent – the foundation on which Naspers/Prosus shares are valued – has enjoyed its best month in ages, gaining 35% in November so far.
Brexit remains divisive enough to force the prime minister – a long-term Brexiter who backed Vote Leave in 2016 – to speak out on Monday.
The share portfolio’s recent move to local equities has proven to be a good one, supported by impressive compound annual growth rates in November.
In a surprising reversal, Disney’s board of directors has fired Iger’s handpicked successor, Bob Chapek. Ironically, Chapek had been under siege from his former boss since taking over 33 months ago.
The repercussions won’t be as dire as those of the financial crisis. But a comparison offers insights into what comes next.
Barring a divine intervention, there appears to be no realistic way to end the conflict soon. And this means it will drag out until divine intervention is no longer the only solution.
While rising rates have hammered tech stocks broadly this year, riskier companies have been hit especially hard.
Ark’s renewed interest in Coinbase stands in stark contrast to the sentiment emanating from Wall Street for the better part of the last six months.
Disney shares are headed toward their biggest yearly decline since the 1970s, the result of growing losses in streaming and fraying cable-TV viewership.
Investors hoping for a better year in 2023 will be disappointed, according to strategists, who said the bear market phase is not over yet.