đ SVB’s collapse: What will a more balanced US economy look like at the metro level?
The Fed reminds investors of rising rates and Silicon Valley Bank’s (SVB) collapse underscores how local economic conditions ripple out.
Seattle
Lessons aplenty as Amazon’s HQ2 sparks bidding war among US cities
Amazon will invest $5bn in HQ2, a 750,000 sq/m complex (seven Sandton City’s) to house 50,000 staff earning an average of $100,000 a year.
Bezos: Failed âbold betsâ cost Amazon billions â but thatâs how you grow
Amazon founder Jeff Bezos acknowledged Tuesday missteps which have cost the tech giant billions, but said that is the price for taking “bold bets.”
Oil price rallies as punters expect OPEC to cut supply, lift price
As Asian markets opened this morning, punters bet the latest price decline would spur oil cartel OPEC into action to restrict supply and bump prices higher.
A âbit of a coinâ conundrum: Bitcoin shows staying power as online merchants chase digital sparkle
Bitcoin is a software based online payment system introduced in 2009. Although its status as a currency is disputed, bitcoins are created as a reward for payment processing work to users who offer their computing power to verify and record payments into the public ledger. Participants in online exchanges offer bid and sell bids to trade … Read more
Amazon launches new 3D smartphone, shares jump (with video)
By Deepa Seetharaman SEATTLE, June 18 (Reuters) – Amazon.com’s new cellphone seeks to offer shoppers instant gratification by recognizing thousands of products, television shows and songs and allowing users to immediately buy them – on the e-commerce giant’s own site, of course. The smartphone, which joins Amazon‘s “Fire” lineup of tablets and streaming devices, aims to stand out … Read more
Falling share prices: International investors eye money-making opportunities
Professional investors can find money-making opportunities in just about anything, from weather forecasts to fine wine before it is ready to leave the barrel. After a year of roaring returns, they are turning their attention to shorting publicly listed stocks in the US. This essentially entails selling shares you don’t have and buying them later when the … Read more