ON the evening of Nov 8, 2016, US president-elect Donald Trump and his supporters were celebrating his election win at the New York Hilton in midtown Manhattan. As the results poured in, stock market futures were in free fall because investors were nervous about the incoming president’s policies....

The rise and fall of Wall Street legend Carl Icahn

AT the annual “Woodstock for Capitalists” shareholders gala, also known as the annual general meeting of conglomerate Berkshire Hathaway Inc, in Omaha, Nebraska, on May 6, billionaire investor Warren Buffett, who helms the firm, was asked what was his game plan with media firm Paramount Global, w...

Tech: Will Warren Buffett save Paramount Global?

ON a recent trip to New York, I wandered around the Midtown and Lower Manhattan office districts. The first thing that struck me was just how few people were on the street and in the subways. In mid-February, I walked around the City of London, the commercial real estate capital of Europe, where ...

Working from home and the last shoe to drop

THE year 2022 was a bad one for global investors as the US Federal Reserve raised interest rates at a record pace to tame runaway inflation in the aftermath of the Covid-19 pandemic, widespread supply chain shocks and a shortage of workers in key sectors. The main US benchmark, the S&P 500, f...

Tech: Why stock buybacks are better than dividends

YOU might recall the big business story in the week of the fiercest fought US presidential election, which pitted the then President Donald Trump against challenger Joe Biden in November 2020. Beijing abruptly pulled the plug on the Hong Kong and Shanghai dual listing of fintech giant Ant Group t...

Tech: Alibaba, Alibabies and the future of China’s tech  

ON Friday March 10, Silicon Valley Bank (SVB), the 16th largest bank in the US with US$209 billion (RM941.2 billion) in assets, and a key cog in the wheel of the innovation start-up ecosystem, imploded. It was the second-biggest bank failure since Washington Mutual’s collapse at the height of the...

Tech: SVB collapse will change US banks and tech forever

ON Feb 21, the US Supreme Court began hearing oral arguments in a case that has become known as Gonzalez v Google. The case involves the family of an American woman killed in the 2015 terrorist attacks by ISIS in Paris. The family claims that Google, which owns YouTube, bears responsibility for t...

Tech: Section 230 and the future of the internet

UNLESS you have been hiding under a rock or living in a deep dark cave without internet access for the past 12 weeks, you have probably heard far too much about artificial intelligence (AI)-powered ChatGPT. The natural language chatbot has been wowing the tech world with its ability to do everyth...

Tech: Generative AI is a bubble whose time has come

FOUR months ago, Indian billionaire Gautam Adani surpassed French luxury goods magnate and LVMH founder Bernard Arnault to become the second-richest man in the world. Adani, 60, whose firms own no disruptive proprietary technology, was not even among the world’s top 50 richest people three years ...

Tech: Why India’s Adani Group is too big to fail

THERE is turmoil in the Magic Kingdom. The home of Mickey, Minnie, Donald, Goofy, Ant-Man and Chewbacca, as well as 2,100 other characters, many of them iconic, is under siege. Activist hedge fund managers who have seen the stock price of the world’s second-largest entertainment firm plummet by m...

Tech: Video streaming and the troubled House of Mouse

Assif Shameen

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