The Week in Numbers: tech titans rise

STORY: From a rollercoaster ride for Amazon shares, to the end of the road for Bed Bath & Beyond, this is the Week in Numbers:

Over $100 billion was the outflow in deposits over the first quarter at troubled U.S. bank First Republic.

Its shares tumbled on the news, with investors saying options for a turnaround are narrowing.

In Europe, the recently rescued Credit Suisse saw $68 billion in assets flee over the same period.

$125 billion was the total value gained by Amazon stock after revealing its results.

But that entire gain then vanished within minutes.

Investors were cheered by the firm’s upbeat outlook for consumer spending… but then dismayed by a warning that revenue growth from its cloud services was set to slow.

Forecast-beating results from Alphabet, Microsoft and Meta lifted the mood this week though.

AlphasFuture founder Geetu Sharma says such firms look well placed:

“The big tech stocks are in a good position because they not only have a strong market share and market position and are innovative - but also they have a very strong balance sheet profile and ability to manage through difficult economic environment.”

1.1% was the rise in U.S. GDP over the last quarter.

That was well below expectations, and despite strong consumer spending.

But traders bet it still won’t stop another Fed rate hike in the coming days.

25% was the plunge in shares for Bed Bath & Beyond on Monday, after it filed for bankruptcy.

The once high-flying homewares retailer launched a liquidation sale after failing to find the money to keep going.

And 60% is the duty foreigners now must pay on property purchases in Singapore.

The eye-watering levy leaves overseas buyers all but frozen out.

It's meant to help cool property prices for locals.