Tech’s biggest CEOs and founders lost $61 billion during the stock market’s plunge in October — here’s who got hit hard (FB, AMZN, AAPL, NFLX, GOOG, BIDU, BABA)

Photo by Drew Angerer/Getty Images October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering.  According to Bloomberg data, the CEOs and founders of the most popular tech companies “FAANG+BAT” lost $ 61 billion in October. The tech-heavy Nasdaq index plunged 9.2%, posting its worst […]

What’s behind the latest oil price plunge?

The mercurial nature of the oil market has flipped the mood in the past two weeks from hysterical expectations of severely reduced supply from Iran to concerns over the pace of global economic and oil demand growth. Trade wars, weakening emerging markets and currencies, and the strengthening US dollar began to overshadow market fears that […]

Chinese stocks surge as the government’s ‘plunge protection team’ goes all-in

REUTERS/Kim Kyung-Hoon Chinese stocks have exploded higher upon the resumption of trade on Monday, adding to huge gains on Friday. The surge in buying reflects the continued rollout of measures from Chinese policymakers to help support stocks and household spending. The benchmark Shanghai Composite Index is currently on track to record its largest two-day percentage […]

‘The Fed has gone crazy’: Trump rails against Federal Reserve over rate hikes amid market plunge

Drew Angerer/Getty Images President Donald Trump said he believes “the Fed has gone crazy” amid recent interest rate hikes. Trump’s statement comes after stocks plunged on Wednesday. The Nasdaq Composite index and the Dow Jones dropped more than 4% and 800 points respectively. The Fed is expected to raise interest rate through the end of 2018 […]

‘Nothing will prepare you’: Daniher preps coaches for plunge

Video Image Another questionable review1:48 AFL: The Fox Footy commentary team have questioned why a score review was overturned despite evidence that supported the referee’s original decision. June 10th 2018 a day ago /display/newscorpaustralia.com/Web/NewsNetwork/Sport news and galleries/AFL/ Jeremy Howe has been named for the Magpies. Picture: Michael Klein Jon RalphHerald Sun Share Share on Facebook […]

Stocks plunge, gold spikes after Trump taunts Russia with missile strikes in Syria

The top three American indices – S&P 500, Dow Jones Industrial Average and Nasdaq Composite – have all declined on pre-market trading following the escalation of tensions between nuclear superpowers Russia and the US. All three indices were losing over one percent before the opening bell in New York. Futures dropped significantly after US President […]

China’s stockmarket plunge: this time it’s different

A CHINESE new-year message from the American embassy in Beijing looked innocuous. It welcomed the Year of the Dog on Weibo, a microblog, with photos of the embassy staff’s pooches and a video greeting from the ambassador and his wife, each with a dog in hand. But it soon attracted 10,000 angry responses. The post […]

Gogglebox cast SHAKE-UP as original member QUITS: ‘I’m taking the plunge’

Chris Butland-Steed, who appeared on the sofa with his former lover Stephen Webb in Brighton, has announced he will be leaving the Channel 4  show.  The Gogglebox regular and hairdresser has been on the hit reality programme for five years since its inception.  However, Chris took to Twitter to confirm he would be leaving before […]