BBCNEWS Asia Business Report June 4, 2024 01:33:00
Of swirling macro, and this is a big sigh of relief for investors in terms of what we see in big tech. what about job cuts? is the pain over? look, i think probably 70% or 80% of the cuts are over but these tech companies were spending like �*80s rock stars. they have cut costs, they have cut cost significantly and we see that ahead. investors want to see them rip the band aid off and i think it is put a bottom on these stocks, including amazon, meta and others. shares in first republic have fallen 50% as investors question its future. the falls came a day after the bank said customers have ...