The trading frenzy — powered by online hype over a rebellion against traditional Wall Street powers — had created and then destroyed roughly $30 billion in on-paper wealth.

The $8 billion transaction is the first major overseas listing of an Indian company via the special purposed acquisition company route, which is immensely popular on Wall Street. Famed Sillicon Valley Investor Chamath Palihapitiya, who has led the SPAC wave…

The CRAMs ( contract research and manufacturing services) segment is fetching rich valuations globally and back home, the segment has seen minority stake sale deals like True North-Anthem Biosciences & TPG-Sai Lifesciences.

Berkshire Hathaway share price is almost close to the highest level which Nasdaq can handle on its computer screen. Till now, the biggest possible number that Nasdaq can handle is $4,294,967,295.

This is the second domestic pure play pharma investment by the Goldman Sachs group. In November 2020, it pumped in $150 million in Kiran Mazumdar Shaw-led Biocon Biologics. Goldman Sachs is an active investor in India, deploying more than $3.6 billion in…

Investors are preparing for the latest round of corporate earnings, which will ramp up in the next several weeks.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6%, and Japan's Nikkei rose 1.08%.

The Dow Jones Industrial Average fell 450.02 points, or 1.3%, to 34,265.37, the S&P 500 lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite dropped 385.10 points, or 2.72%, to 13,768.92.

Concerns that the Fed's expected interest rate hikes could hammer Asia's equities markets have dragged on the regional benchmark, though moves elsewhere have been even more dramatic.

Facebook daily active users (DAU) - a key metric for advertisers, were 1.96 billion, slightly higher than the estimate of 1.95 billion, according to IBES data from Refinitiv.

The broad-based S&P 500 slipped 0.2 percent to 3,914.36, while the tech-rich Nasdaq Composite Index climbed 0.3 percent to 11,447.84.

What have companies done about the thrashing on Wall Street? Microsoft doubled its employees’ bonus pool, Google committed to hiring more engineers and Apple showered its top hardware talent with $200,000 bonuses