Tech Shares Are Crashing, So Kiss Your Bonus Goodbye
Placeholder while article actions load The plunge in technology shares is providing investors with a harsh lesson in the reflexivity of stock-based compensation, which acts as a tailwind for companies while stock prices are increasing but can hamper employee retention and threaten cash flow when share prices collapse. Loss-making mobile-games company Skillz Inc., for example, […]
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Chinese technology shares jump as Alibaba sales exceed forecasts | Technology sector
Chinese technology shares jumped after strong results from internet companies, including better-than-expected sales at the e-commerce firm Alibaba despite an economic slowdown driven by Beijing’s Covid-19 lockdowns. The Hangzhou-based company beat analysts’ forecasts with its sales and profit figures for the first quarter despite a weakening economy, and it did better than local rivals such […]
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Asian shares track technology-led sell-off on Wall Street
Shares fell in Asia on Thursday after the release of worse inflation data than expected sparked heavy selling of technology stocks on Wall Street. Hong Kong’s benchmark dipped 1.5% in early trading following the arrests of several prominent democracy advocates, including a retired Roman Catholic cardinal. Wednesday’s report from the U.S. Labor Department showed inflation […]
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Asian Shares Mostly Higher After Wobbly Day on Wall Street | Business News
By ELAINE KURTENBACH, AP Business Writer Asian shares logged moderate gains on Thursday after Wall Street stabilized following a sell-off in tech stocks the day before. Tokyo’s Nikkei 225 rose 1% to 26,642.88 after the Bank of Japan wrapped up a policy meeting with no major changes, maintaining its near-zero interest rate stance despite a […]
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Asian Shares Mostly Higher After Wall Street Tech Rally | Business News
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Asian shares mostly rose Thursday as investors tried to gauge U.S. inflation, tensions between Russia and Ukraine and the impact of the pandemic. Japan’s benchmark Nikkei 225 rose 0.4% to 27,680.91. Australia’s S&P/ASX 200 gained 0.1% to 7,275.70. South Korea’s Kospi added 0.1% to 2,771.88. Hong […]
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Microsoft’s shares rebound as forecast focuses on cloud growth
Microsoft Corp shares rose in late trading, reversing an earlier decline, after the software giant gave a forecast that reassured investors the company’s Azure cloud-computing business still has potential to drive growth. Earlier, Microsoft had reported quarterly sales that topped $50 billion for the first time and profit that exceeded analysts’ estimates, fueled by cloud, […]
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