top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

4 Feb 2022

Asian Stocks Mixed amid $250 Billion Meta Stock Plunge Recovery

The Index Today

On Friday morning, Asia Pacific stocks and U.S. equity turned mixed. Amazon Inc.’s soar checked tech shares as concerns about Fed monetary tightening loom.

While South Korea’s KOSPI surged by 0.74%, Japan’s Nikkei 225 dipped by 0.11% by 9:08pm ET (2:08am GMT). S&P/ASX 200 in Australia dropped by 0.21%, as Hong Kong’s Hang Seng Index inched up by 1.87%.

American firms like Amazon Inc. and Snap Inc. enjoyed a surge in shares after high earnings in the previous session, as tech firms regained momentum following Meta Platforms Inc.’s significant $251 billion collapse.

Amazon also stands the chance of potentially gaining $200 billion in market valuation if it manages to sustain its present 14% gain until the U.S. market closure on Friday.

Clay pottery with table linens
bottom of page