technology shares: Live & Latest News Updates : Vimarsana.com
been a rocky ride for technology shares. it is now just over $39. that is quite a significant difference and it could be the real reason he does actually want to go ahead. 20 what was then turned in this story i am sure. thank you. stay with us on bbc news. still to come: the rising cost of living hits kfc, with the fast—food chain forced to use cabbage in its burgers because of soaring lettuce prices.
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financiers in this deal. i think there's been a rethink. especially in these times, by the way, where a billion dollars sounds like a lot of people, for elon musk, not much, but if you can get the property for $10 billion cheaper that might be a deal for him. >> neil: scott, what is the background for this could have been or backdrop? that is say today the huge sell-off in technology shares. even tesla shares to the point that he's lost tens of billions on paper. he's still the world's richest man by far. you think privately he reassesses this and, you know, if thatn't cos, i've got problems? >> great call. it was a game from the start and we talked about on fbn. here's the thing. musk won because remember the libs that got freaked out about when he was coming in to even talk about buying twitter.
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oddly enough, you might spur some folks on the fence. but the fed is in a pickle. they created this pickle. i'm not sure how they will get out of it. what wall street saw yesterday that scared the heck out of me, i don't think that will come to fruition. >> neil: yeah, we saw it again today play out in technology stocks. they're indirectly hit when rates even inch up. is that overkill? >> yeah, hedge funds selling out the most technology shares in a decade. now they're under weight. wall street forgets times of rising interest rates are good for the stock market. you've been up five of the last six periods. there's a premium for american exceptionalism. americans outperformed the rest of the markets the last four years. apple a great example. $3 trillion.
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many people do not fill his economic policies are helping them. well let's now look at how wall street has been performing. technology shares have been one of the big winners during the pandemic — as more of our work and leisure activities moved online. but that trend is rapidly unravelling on the markets. another day of losses on the nasdaq means the tech—heavy index is now down more than 10% from its record high before christmas — it's now in what market watchers call a �*correction�* anna macdonald is a fund manager at amati global investors good morning. nice to see you again. why is there a correction?— again. why is there a correction? ., ., correction? there are a few asects correction? there are a few aspects behind _ correction? there are a few aspects behind it, - correction? there are a few l aspects behind it, principally, the worry is picking up on what your previous commentator was saying, inflation and the return of inflation which means that interest rate are already rising in the uk and are slated
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podcast company disappointed investors by forecasting slower subscriber growth for the first three months of this year, despite a fairly good showing in the fourth quarter. after the initial shock, shares did recover some of their losses stopping the results come as the company is grappling with the company is grappling with the public outcry overjoe roden for spreading covid misinformation on his popular podcast copy musicians from neil young from india ari have told their music of the site as protest. told their music of the site as rotest. ~ ., , told their music of the site as rotest. ~ . , ., protest. we are trying to balance _ protest. we are trying to balance creative - protest. we are trying to i balance creative expression with the safety of our users. he added that spotify doesn't change its policies based on one creator. 0ver change its policies based on one creator. over the weekend the company made its content policy public and said it would add a content advisory label to podcast about covid. all this has rattled technology shares — which have had a torrid time in recent weeks. victoria scholar is head of investment at interactive investor.
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