To The Moon

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 6,994.80 points, down -2.10% in the past 5 days.During the last 5 trading days, $Rea Group(REA.AU)$ $Stockland Corp(SGP.AU)$ $DOWNER EDI LIMITED(DOW.AU)$ $NEWCREST MINING LIMITED(NCM.AU)$ $Northern Star Resources(NST.AU)$ were up 5.23%, 14.27%, 3.99%, 3.73%, and 3.22% respectively.1.&nb

(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, a

$Grab Holdings(GRAB)$ Grab Holdings Ltd. on Monday said it prepaid US$600 million ($806.6 million) in debt ahead of a 2026 maturity, taking advantage of excess cash on its balance sheet. The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to US$517 million, down from the previous balance of US$1.117 billion. Grab also has about US$200 million in other bank debt. “Grab is taking advantage of our healthy cash position to reduce our gross debt balance and generate interest savings, given the macroeconomic environment,” said Chief Financial Officer Peter Oey. Grab in November bought back about US$750 million in debt - part of its US$2

Tesla Inc. stock's weekly losses are poised to reach 11%, its worst weekly performance since the last week of 2022, when it dropped 18%. The stock has declined 37% in the last 12 months, compared with losses of around 8% for the S&P 500 index. Good News Tesla has won a license to operate its electric vehicle Supercharger Network in Turkey from the country’s Energy Market Regulatory Authority (EMRA). Tesla started expanding in Turkey late last year after plans to launch its vehicles within the country were revealed to be in motion in early 2022. Tesla attempted to enter the market in 2018, but the decision was abandoned due to political reasons. Numerous job postings indicated Tesla was starting to consider a serious expansion into the market, and some Supercharger station builds w

Shares of $SVB Financial Group(SIVB)$ plunged 60% on Thursday, the biggest one-day drop on record.Another crypto bank Silvergate Capital gave another hit - shut down its banking operations, causing the S&P 500 Banks Index to fall about 6% on Thursday.What happened on SVB?Technology Boom - Total Deposits SkyrocketSVB is Silicon Valley Bank, and like the name, it provides banking services to many startups in Silicon Valley. It also means many startups have their bank accounts in SVB, which is the capital that SVB relies on. The second half of 2020 has seen a global funding boom for technology companies, and the rapid growth in startups loans and venture capital funding has led to a huge amount of cash and