The world is changing fast and to keep up you need local knowledge with global context.
Tech companies are trimming staff and slowing hiring as they face higher interest rates and sluggish consumer spending in the US.
Apple expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year.
Tech companies made moves earlier this year to rein in costs, with many of the industry’s biggest firms freezing hiring or cutting some departments. Even Apple Inc., which has outperformed most of its peers this year, is slowing spending and has paused much of its hiring.
Shares of Meta have lost 61%, their biggest drop since the company went public a decade ago. Apple, Alphabet, Amazon and Microsoft are set for their steepest declines since the global financial crisis.
The global PC market saw its steepest decline on record as economic uncertainty and a glut of unsold inventory dented shipments.
It’s back to a focus on investments in our regular interview with top performing global fund manager, London-based value investor Sean Peche.
The BizNews share portfolio started with $200 000, ahead of its first major restructuring yesterday it clocked in at almost $500 000, just under R9m.
In this fireside chat with former Google exec and technology expert Stafford Masie, he shares which FAANG companies have a promising future.
As Tuesday’s big BizNews Portfolio restructure approaches, the overarching theme is what to do when an Exponential Company loses that title.
The wallpaper on Alec’s iPad is a pic of the late Steve Jobs – a reminder of the genius of a man who has given the world so much.