Tech selling meets private startups

Tech startups are declining in value in private trade, reflecting Extensive write-offs of their publicly listed brethren over the past year. Before companies go public, their shares are often traded by employees, founders, and organizations in secondary deals. The deals allow existing owners to cash out before the startup goes public, and buyers to make … Read more

Children do not want more money

Like many parents, Greg and Selina Robelto offered to pay their kids to do the housework. The couple soon learn that their money is not good. The girls wanted to be paid in Robux – the online currency in video games from Roblox corp. RBLX 5.10% —and turned up their noses at the crumpled paper … Read more

The inversion of the yield curve reaches new levels

Yields on long-term US Treasury bonds have fallen further below those on short-term bonds than at any time in decades, a sign that investors believe the Fed is about to win the battle of inflation no matter the cost of economic activity. A scenario in which short-term returns exceed long-term returns is known on Wall … Read more

American football erases the Iranian flag as a sign of protest

DOHA, Qatar – With the United States and Iran gearing up for a dangerous World Cup match here on Tuesday, the U.S. Soccer Federation has taken to social media to issue what it says is a statement of support for the protesters inside Iran: A modified version of the Iranian flag. The federation’s action led … Read more

The global economic slowdown, but it seems that it is better than fear

The global economy has continued to deteriorate as 2022 draws to a close, but not as severely as economists previously feared, raising the possibility that the world will avoid a deep recession next year. Business surveys released on Wednesday indicated lower production in the largest economies of the United States and Europe in November. But … Read more

Credit Suisse warns of a loss of $1.6 billion after customers withdraw funds

Credit Suisse C.S -1.45% Group AG warned it would lose about $1.6 billion in the latest quarter after customers withdrew their investments and deposits over concerns about the bank’s financial condition. Switzerland’s No. 2 bank by assets said outflows were about 6% of its $1.47 trillion in total assets, or about $88.3 billion, between Sept. … Read more

OPEC+ is looking to increase production ahead of restrictions on Russian oil

OPEC delegates said that OPEC oil producers are discussing increasing production, in a move that may help heal the rift between Saudi Arabia and the Biden administration and keep energy flowing amid new attempts to undermine the Russian oil industry due to the war in Ukraine. Delegates said increasing production by up to 500,000 barrels … Read more

Women’s tennis stood up for Peng Shuai – and delivered a financial hit that didn’t pan out

Two scenes in the past three months have captured the possibilities and pitfalls facing the WTA. Serena Williams’ surprising arrival in the third round of the US Open in September – then In a sign that she was preparing to leave tennis– Show women’s tennis star power. The broadcast was the highest-grossing singles tennis match … Read more

Why Berkshire Hathaway’s latest big bet is on a Taiwanese chip maker

Warren Buffett Berkshire Hathaway a company BRK.B 0.35% He bets billions of dollars on a Taiwanese chip maker. For years, Berkshire has mostly avoided technology stocks. In fact, in Berkshire’s 2008 Annual Report, Buffett went so far as to say that he prefers simple business. “If there is too much technology, we won’t understand it,” … Read more

Investors are cool about startups in the Internet of Things, a technology channel for retailers

Falling markets have led investors to back out of financing startups that make Internet-connected devices to retailers, threatening to choke off the innovation pipeline of emerging tools like smart shopping carts and inventory management robots. Many stores, which have become dependent on software-connected systems during the COVID-19 pandemic, said industry analysts, are now leveraging these … Read more