Money

Nintendo, Sega among stocks affected by Japan’s biggest market rout since 1987

Published

1 month ago

August 6, 2024

ticker NEWS

Japan’s stock market has seen its worst drop since 1987, reminiscent of the infamous Black Monday.

The crash has had a ripple effect on markets across Asia and beyond.

Various industries, including the video game market, have been affected.

Companies like Nintendo, Sony, SEGA, and Capcom saw their stock values drop.

The crash was caused by fears of a US economic slowdown and the Bank of Japan’s interest rate increase.

Uncertainty in the tech sector also contributed to the market turmoil.

The impact was more severe in Japan, but other video game studios worldwide may also see declines in their stock values in the coming hours.

Gaming correspondent Emily Leaney from Team Retro joins for the latest.

#featured

Leaders

Trump will plead not guilty to revised 2020 election criminal charges

Published

4 days ago

September 5, 2024

ticker NEWS

Former U.S. President Donald Trump will plead not guilty to fresh criminal charges in a revised indictment accusing him of attempting to overturn the 2020 election.

In a court filing, Trump waived his right to appear in court, authorising his lawyers to enter the plea on his behalf.

This revised indictment, brought by Special Counsel Jack Smith, maintains the original four charges, including obstructing Congress and defrauding the United States. #featured #trending

Leaders

Harris promises to boost SME in the U.S. with $50,000 tax deduction

Published

5 days ago

September 4, 2024

ticker NEWS

Vice President Kamala Harris is set to propose a significant tax deduction for new small businesses.

Under the plan, startups could claim up to $50,000 in tax deductions, providing crucial financial relief during the critical early years of operation.

This initiative aligns with efforts to stimulate economic growth and job creation across the country, particularly in sectors hard-hit by the pandemic. #featured #trending