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Microsoft on Apple’s $US2 trillion doorstep

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Microsoft has briefly joined apple on the trading market.

Microsoft shares are up about 0.7 per cent on Tuesday, giving the software giant a market value of about $1.99 trillion USD.

Microsoft shares were up today and the tech company briefly joined Apple in hitting a $2 trillion market cap during intraday trading.

However, the software giant’s stock closed lower, at $265.51, narrowly missing the threshold of $265.55 needed to cement the 2 trillion mark.

Apple Inc. is the only company to close with $2 trillion market cap, a milestone that first happened last August.

According to Dow Jones, The company’s market cap has risen by about $960 billion from a March 2020 low, a figure greater than Facebook’s market value.

As reported by The Wall Street Journal, Microsoft’s peak market cap during the dot com bubble was $614.7 billion on Dec. 27, 1999.

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Business

The possibility of a U.S. recession

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There’s been a lot going on in markets…

It’s been a turbulent time in financial markets, to say the least.

From seeing a banking crisis sweep around the world, to a new global reserve currency start to emerge – there hasn’t been a quiet day on the market.

And there’s also a little bit of Marty McFly meets Bog Iger from Disney, as UBS appoint a former Credit Suisse CEO to help with the merger of the two banks.

AND, the possibility of a U.S. recession…

Chris Uhl from 10minutestocktrader.com joins us to discuss.

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Business

Disney trumps DeSantis with legal loophole

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Disney has outplayed Ron DeSantis by leaning on a decades-old royal clause

In February, Florida Governor Ron DeSantis moved to take over Disney World’s governing body.

It was all in retaliation to the company’s public stance against the state’s “Don’t Say Gay” bill.

But now, new reports suggest this whole plan may have backfired.

Members of the new governor-appointed board argue the previous members stripped the board of its power before they left.

It was all part of an agreement, which was approved a day before DeSantis assumed more control of the land around Disney’s theme park.

Disney is leaning on a property law which essentially makes the company the government of the area.

New board member Ron Peri says the board has lost the majority of its ability to do anything beyond maintain the roads and basic infrastructure.

For just under six decades, Disney has operated its expansive theme park and resort in Florida under a specially designated district.

A board oversaw the area and had free reign of development processes.

Disney also had the authority to appoint district board members.

But this special status came under threat when Disney clashed with DeSantis and his “Don’t Say Gay” law.

Florida lawmakers the passed a bill in February to end Disney’s self-governing status and give the governor the authority to appoint new board members to the district.

DeSantis appointed five supervisors, including a parents’ rights activist and three Republican donors.

But the new supervisors say previous board members entered an agreement before they left their positions – effectively stripping them of any powers. #trending #featured

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Business

The Power of Play

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Let’s take a look at the history of video games and the exciting future of the gaming industry.

From classic arcade games to the latest consoles and online multiplayer experiences, gamers have been lining up for decades to get their hands on the hottest games.

But what goes on behind the scenes to create these immersive worlds? The Power of Play takes you behind the curtain to explore the hard work and dedication of game developers as they bring these virtual experiences to life.

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