Traders work on the floor of the New York Stock Exchange NYSE Investors should disregard concerns over high valuations and focus on growth in what is now a “stockpicker’s market,” according to Matt Orton, chief market strategist at Raymond James Investment Management. The S&P 500 closed out a two-week losing streak on Friday, but Orton … Read more
China has set a GDP target of around 5% for yet another year, amid analyst concerns of insufficient policy support to reach the goal. Bloomberg | Bloomberg | Getty Images Valuations of Chinese stocks are “way too low” and investors should be looking to cautiously re-enter the world’s second-largest economy, according to Shaun Rein, founder … Read more
A woman (R) adjusts the Philippines flag before the 51st Association of Southeast Asian Nations (ASEAN)- Republic of Korea Ministerial Meeting in Singapore on August 3, 2018. Mohd Rasfan | Afp | Getty Images Southeast Asia markets could see a turnaround in 2024 on the back of cheap valuations and potentially high economic growth, after … Read more
In 2021, it felt like every startup was able to raise at an inflated valuation no matter its size, sector or underlying business model. Today, things look a lot different. Comparing pre-money valuations, every startup fundraising stage except seed saw median valuations decline last year compared to 2022, according to data from PitchBook. Things were … Read more
AI technologies will help make startups leaner and more cost effective, according to a recent report from Battery Ventures. In turn, Battery anticipates that lower-burn startups will be worth more provided that their growth rates remain attractive. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter … Read more
FORT LAUDERDALE, Fla. (AP) — How much is Donald Trump’s Mar-a-Lago worth? That’s been a point of contention after a New York judge ruled that the former president exaggerated the Florida property’s value when he said it’s worth at least $420 million and perhaps $1.5 billion. Siding with New York’s attorney general in a lawsuit … Read more
SoftBank Imaginative and prescient Fund misplaced $32 billion within the monetary 12 months ending March because the Japanese funding big, probably the most prolific world investor in tech startups, suffers from the valuation corrections throughout its personal and public tech backings amid weakening world economic system. The loss surged 68% from the identical interval a … Read more