JPMorgan's analysts estimate that on average tech firms that are yet to even make a profit have lost 30% of their value since peaks around September last year, while 'fintech' firms which focus on tech-savvy banking apps and tools have dropped 40%.
Years of record-low rates have fuelled the tech stock rally but with those rates now rising again the appeal of stratospherically-valued tech stocks gets dimmer for investors, especially if their growth trajectories splutter. "Our fixed income strategists expect U.S. 10-year yields to reach 2.35% by the end of this year, and German 10-year yields to reach 0.5%." Treasury yields are now at 1.92% and Germany bunds are at 0.2%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to Use Sales and Marketing Collaboration for Business GrowthSales and marketing teams have traditionally operated in silos, but now more than ever, this is not a viable strategy ✍ Gartner_Sales shares how to use sales and marketing collaboration for business growth: GartnerSales CSO
Source: Gartner_inc - 🏆 455. / 53 Read more »
Steer clear of stocks like McDonald's as inflation keeps rising, JPMorgan saysWith inflation rising at its fastest pace in about 40 years, there are some stocks investors may want to hold stay away from, according to JPMorgan.
Source: CNBC - 🏆 12. / 72 Read more »
Bitcoin Renaissance Likely in H2: Babel FinanceBabel Finance foresees return of bitcoin bulls three months after the impending March Fed rate hike. reports godbole17 godbole17 this year will be the year of ZenithCoin ZenithCoin ZenithChain ZenithChainArmy godbole17 We don’t buy Bitcoin, we earn Bitcoin by mining, I’m ready to show 10 lucky people on how to earn 0.1 ($4002) and more daily! No referral No withdrawal fees Interested people only Kindly send us a DM godbole17 BabyDogeCoin BabyDoge BabyDogeArmy BabyDogeFamily BabyDogeCoin2MillionHolders babydoge_cz_binance BabyDogeCoin·
Source: CoinDesk - 🏆 291. / 63 Read more »