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Microsoft Corp (NASDAQ: MSFT) is one of the world’s leading technology companies, responsible for many multi-billion dollar businesses like Office 365, Azure, Xbox, Github and more.
News broke that Sam Altman, CEO and co-founder of OpenAI, had been fired by the Board. In response, Greg Brockman, President, Chair, and co-founder, announced he’d quit the company.
The local market managed a positive start to the week with both the S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) gaining 0.1% on the back of strength in the energy sector.
The Nasdaq-100 (INDEXNASDAQ: NDX) has grown to be one of the most widely recognised indices in the world.
According to CNBC, the ‘Magnificent 7’ as they are now known (replacing previous nicknames such as FAANG and FANGMA) have returned 92% on average through October 5, 2023. With the third quarter earnings season unfolding, investor expectations are high and the results will need to be strong to sustain such a rally.
Drew and Owen tackle the question: Will the RBA raise interest rates? And is Magellan Financial Group (ASX: MFG) starting to look cheap?
The benchmark S&P/ASX 200 (INDEXASX: XJO) index added 12.8 points, or 0.2%, to 6,856, while the broader All Ordinaries (INDEXASX: XAO) index gained 15.6 points, or 0.2%, to 7,045.
The Australian stock market has given up all of the gains that it had made in 2023, with the benchmark S&P/ASX 200 (INDEXASX: XJO) losing 56.6 points, or 0.8%, on Monday to 6,844.1, with resources weakness the major culprit. That puts the index in the red by 2.8% for the year.
The local share market posted a negative end to the week, with both the S&P/ASX200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) share prices falling 1.2% on Friday, dragging the benchmarks 2.1% lower for the week.
The Telstra Group Ltd (ASX:TLS) share price is in the spotlight today after announcing it’s buying a cybersecurity business called Versent.
