Markets

Snap rallies 7% after unveiling TikTok-competitor Spotlight

Snap rallied as much as 7% on Monday after unveiling Spotlight, a new Snapchat feature set to compete with TikTok and Instagram Reels. The jump placed shares above the previous record-high set on November 6. The service will allow users to submit snaps to be featured in a reel of […]
Snap rallies 7% after unveiling TikTok-competitor Spotlight
Markets

Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fuelling concern with the company’s second-biggest shareholder

SoftBank’s new trading arm, SB Northstar, posted $US3.7 billion in losses as bearish derivatives bets on tech stocks floundered, the Financial Times reported Wednesday. The arm was mostly kept secret until the FT revealed it was making multibillion-dollar bets on tech giants through the summer’s market rally. SoftBank CEO Masayoshi […]
Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fuelling concern with the company’s second-biggest shareholder
Tech

Good news turns tech upside down as Jeff Bezos looks for friends

Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. This week: Good news turns tech upside down as Jeff Bezos looks […]
Good news turns tech upside down as Jeff Bezos looks for friends
Markets

Netflix has surged 50% this year — but just 4% of our millennial investor panel says it’s the FAANG stock they’d most want to own for the next 10 years

Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account. Just 4% of participating millennial investors picked Netflix as the single FAANG stock they’d […]
Netflix has surged 50% this year — but just 4% of our millennial investor panel says it’s the FAANG stock they’d most want to own for the next 10 years
Markets

US stocks edge lower amid disappointing corporate earnings results

US stocks fell on Tuesday as investors weighed a string of disappointing corporate earnings results. Shares of AIG,Bayer, and Diageo slipped in Europe after disappointing earnings. Investors are anxiously awaiting new details on a coronavirus relief bill as Congress debates stimulus details. Read more on Business Insider. US stocks fell […]
US stocks edge lower amid disappointing corporate earnings results