Dirhams & Dollars

Social media is no longer where the money is, at least according to US stock markets last week. Facebook and Twitter should have deleted their own accounts after their share prices fell over 20 per cent on continuing concerns over privacy and fake accounts/trolls. It was a bad week for tech in general, with even Intel and Amazon sliding. So now it's all up to Apple, which will be the last of the FAANGs to post earnings for the quarter. Also in the finance world, the US Federal Reserve and the Bank of England will meet to discuss interest rate hikes and economic outlook.