Asia-Pacific stocks edge higher; China tech stocks in Hong Kong remain under pressure

Finance

Booking.com

Official data released Tuesday showed industrial profits in China jumping 20% year-on-year in June.

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Meta loses $200 billion in value as Zuckerberg focuses on all the ways company bleeds cash

Meta CEO Mark Zuckerberg spooked investors on the company’s quarterly earnings call Wednesday.
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Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy

Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.
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April 25, 2024

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Rubrik prices IPO at $32 per share, above the expected range

Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.
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Standard Chartered doubles down on prediction that bitcoin will reach $150,000 by end of year

Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered’s top crypto analyst.
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April 25, 2024

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