Falling Treasury Yields Give Tech A Boost – She’s Got The Stocks, 12 October 2023
Tech stocks have largely rebounded this week as yields on US government bond yields have eased.
The 10-year treasury yield had eased back down to 4.56 per cent by the end of day Wednesday, after previously reaching its highest level in 16 years.
This was driven by safe-haven bids following the breakout of war in the Middle East, as well as dovish remarks made by FED reserve officials throughout the week.
The tech-heavy Nasdaq Composite has lifted 3.26 per cent since Thursday last week.
TRENDING NOW
Birkenstock has finally gone public, however, it hasn’t all been a walk in the park. Shares dropped by more than 10 per cent on their first day of trading on Wednesday afternoon.
The German sandal maker was the third largest US listing of the year.
It closed at $40.20 a share, almost 13 per cent below the initial offering price of $46 agreed on Tuesday evening.
Moving on, Amazon is trialling a ‘buy again’ button in its app.
The new feature is a bid to get more money out of its customers and is one of many spend-more initiatives the retail giant is experimenting with at the moment.
In digital payment, the Albanese government is moving to regulate Apple Pay, Google Pay and other services by expanding the Reserve Bank’s powers. Draft legislation is expected to be released on Wednesday.
In Europe, Europeans are increasingly pushing for governments to better regulate AI in a bid to protect jobs.
A study from Spain’s IE University showed, out of a sample of 3,000 Europeans, 68 per cent wanted their governments to introduce stricter rules.
This comes as EU Commissioner Thierry Breton has warned some of the world’s biggest tech leaders that they must take prompt action to stop the spread of disinformation about the Israel-Hamas war.
Breton told Mark Zuckerberg that some of the platforms were responsible for a surge in illegal content in Europe.
On Wednesday he asked Meta to respond within 24 hours to make sure its site systems are effective.
Turning to jobs, a UK filing has shown that Alphabet’s AI lab – DeepMind – has cut employee costs by some 39 per cent year-on-year.
For the 2022 financial year staff costs and related expenses were 594.5 million pounds, down from 969.4 million.
And finally, Telstra is planning to use its recent purchase of $267.5 million cloud computing specialist Versent to sell more services to international corporate and government customers.
| Open | Close | Change | |
|---|---|---|---|
| Macquarie Telecom Limited (ASX: MAQ) | $61.23 | $64.56 | 5.44% |
| REA Group (ASX: REA) | $151.96 | $164.06 | 7.96% |
| Atlassian (NAS: TEAM) (USD) | $189.84 | $199.45 | 5.06% |
| Xero (ASX: XRO) | $110.71 | $119.74 | 8.16% |
| Carsales.com (ASX: CAR) | $27.22 | $29.38 | 7.94% |
| NEXTDC (ASX: NXT) | $12.09 | $12.89 | 6.62% |
| WiseTech Global (ASX: WTC) | $62.17 | $64.80 | 4.23% |
| Appen (ASX: APX) | $1.12 | $1.10 | -1.79% |
| Airtasker (ASX: ART) | 0.195 | 0.17 | -12.82% |
| Telstra (ASX: TLS) | $3.78 | $3.90 | 3.17% |
| Adobe (NAS: ADBE) (USD) | $518.42 | $549.91 | 6.07% |
| Salesforce (NYSE: CRM) (USD) | $201.87 | $206.85 | 2.47% |
| Apple (NAS: AAPL) (USD) | $173.66 | $179.80 | 3.54% |
| Alphabet (NAS: GOOGL) (USD) | $135.24 | $140.55 | 3.93% |
| Meta (NAS: META) (USD) | $305.58 | $327.82 | 7.28% |
| Microsoft (NAS: MSFT) (USD) | $318.95 | $332.42 | 4.22% |
| Amazon (NAS: AMZN) (USD) | $127.00 | $131.83 | 3.80% |
| Nvidia (NAS: NVDA) (USD) | $440.41 | $468.06 | 6.28% |
| Netflix (NAS: NFLX) (USD) | $376.90 | $365.93 | -2.91% |
Latest News
Fighting For ‘Attention’: How To Measure Campaigns In Today’s Content Saturated World
When it comes to ad campaigns, have you ever felt you’re ‘fighting’ for your audience’s attention? You’re not alone. Attracting and retaining audience attention in today’s digitally fragmented environment has never been more challenging. In fact, a recent study by Microsoft concluded that the human attention span has dropped to eight seconds – shrinking nearly […]
Opinion: ‘Lift While You Climb’ To Accelerate Progress & Collective Advancement
Women shouldn't pull the ladder up after them once they reach the top, argues this op-ed.
Women Paving the Path In Tech & Loyalty Share Key Insights
In the ever-evolving landscape of technology and loyalty, women are not just breaking barriers but reshaping the future. As we celebrate International Women’s Day and rally behind the theme of investing in women to accelerate progress, we made a conscious choice to forego the statistics that underscore the ongoing journey towards true gender parity. Instead, […]
Empowering Change: Women Leading The Generative AI Revolution In Marketing For International Women’s Day
The theme for this year’s International Women’s Day, “Inspire Inclusion”, establishes a poignant tone for fostering authentic change. It perfectly mirrors the dynamic landscape of marketing, where change is the only constant. The last third-party cookie has finally crumbled, privacy laws are tightening, and now, Generative AI is quickly ushering in a new era of […]
Stevie-Ann Dovico Moves From NAB To Beyond Bank
Stevie-Ann Dovico (lead image), has made the shift to customer-owned, Beyond Bank as its new chief information officer. The announcement came via Linkedin with happy to share that she is “ready to create real impact for and with our people, customers and communities” in her new role. Dovico replaces Fiona Floyd, who left the role […]
Redefining Tech Leadership: Deputy’s C-Suite Now 80% Women
Deputy, the leading global people platform for hourly work, has announced the appointment of Sejal Patel Daswani (lead image) as its new chief people officer, resulting in a shift in the composition of its senior leadership, with women now making up 80% of the company’s C-Suite. Daswani has led people functions at every stage and […]
Creativity, Advertising & Design: Bonzai’s Pooja Kulkarni Discusses Making Pathways For Equitable Change
As recent research detailing Australia’s gender gap brings stark realities to light, it’s evident, now more than ever, the need that exists to hear and celebrate the diverse perspectives of women. In this article, Pooja Kulkarni (lead image), director product & design at Bonzai shares her approach to product development – one that’s built on […]
Facebook To Abandon News Content In Australia
The news marks a big blow for news publishers in Australia. But will users actually care?
Cloudflare’s Wendy Komadina Leads The Women Leading Tech People’s Choice Vote Ahead Of Monday’s Close
Do you have more friends than Wendy? There's only one way to find out!
WLT Investigates Big Tech’s Gender Pay Gaps
Big tech catches the ire of the WGEA's gender pay gap reporting. Hardly unexpected...
Digital Ad Spending Nearly Tops $15B
The online ad market just keeps on growing.
Report: True Crime Podcast Ads Almost Criminally Lucrative
True Crime pods certainly more lucrative than any advice from self-confessed finance gurus.
DoubleVerify Launches Further Tools To Avoid Dodgy Online Ads
AI at fault for explosion of dodgy-looking websites according to DoubleVerify.
Spotify Adds Odd-Ball Fortune Telling Feature
Spotify seemingly wanting to take over your life, not just your music taste.
How Canva’s Nurturing & Supportive Culture Changed The Course Of Jill Masters’ Life
Has your employer genuinely changed your life? Or just added to the drudgery. Read enviously here.
Amazon Joins The Dow Jones Index – She’s Got The Stocks – 29th February 2024
Amazon sees success in a mixed week for the tech firms.
Wellbub Unveils ‘The Ruin I Need To Fix’ Campaign: Redefining Motherhood & Championing Maternal Mental Health
Wellbub launches timely & important campaign for mothers.
Acronis Names Cybersecurity Channel Veteran Kelly Johnson As General Manager For Australia & New Zealand
Acronis has appointed Kelly Johnson (lead image)as the new general manager for Australia and New Zealand. Johnson will lead the channel-focused business, strengthening relationships with distributors and supporting partners to meet the cybersecurity demands of modern businesses in the region. With the growing pressure on Australian businesses for cybersecurity and the drive to comply with […]
TikTok & Adobe Team Up For New AI-Powered Creative Assistant
TikTok and Adobe join forces on new AI assistant. God help our For You pages.
NVIDIA Overtakes Amazon’s Market Cap For First Time In 2 Decades – She’s Got The Stock’s 15 February
Is the market cap race a pissing contest? Perhaps. Does it show how truly nuts the tech market is? Absolutely.
X Launches New Tool For Brands To List Ads Next To “Curated” Content Creator Lists
Quite what Elon considers a "premium content creator" to be remains to be seen. But we're betting it's not good.
Airbnb Puts Recent Acquisition Of AI Firm To Use In Personalised Experiences Push
Airbnb promises to put AI to use, refuses to budge on irritating "cleaning fees."
Yahoo Releases New Market Research Tool Promising Faster & Smarter Data
Yahoo releases new market research tool. Market surprised to hear the firm's still going.
Report: Aussie Tech & Digital Salaries Jumped 35% In A Year
It's good news for the industry. Even better news for coffee shops near offices.
Democracy Manifest! Vote In The Women Leading Tech People’s Choice Award!
The People's Choice Award is your chance to herald the unheralded! Or big up your mates.
Aquent Salary Guide Reveals The Gender Pay Gap Persists In Marketing, Design & Technology Fields
Aquent has released its 2024 Australian Salary Guide for marketing, design, and technology talent. This year, it explores how marketing, design, and technology roles are expanding, deep dives into gender pay gaps, and examines the movement of salaries year-on-year—both in growth and decline. Paired with Aquent’s 2023 Talent Insights Report, the Salary Guide helps organisations […]
Tech Salaries Continue To Steady Out As Businesses Remain Cautious
The hiring market is experiencing significant change, fluctuating between a frenzied candidate-short market and a more cautious employer-driven market, according to Talent’s ‘More Than Money Salary Guide 2024’. Tech and digital salaries continue to steady out but remain strong for key skillsets such as cybersecurity and AI. The report features key salaries, roles and skills […]
Surging Job Satisfaction For Australia’s Young Tech Workers Amid Labour Market Cooling
While 2021’s big workplace trend was The Great Resignation, 2024’s big trend is likely to be ‘The Big Stay’ in Australia, concludes modern HR platform HiBob in its latest research of young Australians working in the tech sector. The combination of decreasing Australian job vacancies and a remarkable increase in job satisfaction among Australia’s young tech workers in 2023 […]
After Facebook Launched 20 Years Ago, The World Would Never Be The Same
While it might be the preserve of peculiar aunts & uncles now, Facebook was truly transformative in 2004.
Robyn Denholm & Sukhinder Singh Cassidy To Headline Forbes Australia’s 2024 Women’s Summit
It's a packed lineup for this Forbes Australia summit.
Uber Launches Phone Hotline Designed To Help Vulnerable & Elderly Riders
After killing the dial-a-cab industry in metro areas, Uber returns to save riders from itself.
Meta Launches AI Detection Feature For Images Across All Its Platforms
WLT reminds readers that AI images can be easily spotted by checking the number of digits on a subject's hand.
Snap Doubles Down On AI But Continues Haemorrhaging Money
Snap really can't seem to catch a break, now reporting six straight quarters of flat or negative growth.
Spotify Hits Bumper Revenue, Despite Slashing Workforce Last Year
With numbers this good, who cares about the thousands of staff Spotify cut late last year? We do, actually.
Website Builder Squarespace Taps Francesca Scorsese (& Famous Dad) For Super Bowl Teaser
Unlike one of Marty Scorsese's films, this ad has a mercifully short running time.
ASX 200 Reaches Record High As Alphabet & Microsoft Stocks Tumble – She’s Got The Stocks – 1st February 2024
Despite Microsoft and Google slashing jobs recently, the stock market seems to be unconvinced about their performance.