Tag Archives: crashed

LOS ANGELES (AP) — A small airplane that crashed into the ocean off the California coast on Sunday was constructed piece by piece over nearly a decade, one of tens of thousands of home-built aircraft that are part of a high-flying hobby taking off across the country. Federal investigators said they believe four people were aboard the single-engine Cozy Mark IV when it went down in the evening just south of San Francisco. No survivors were found and only one body had been recovered from the… Source link

Google Cloud and Oracle servers located in the UK struggled with cooling-related outages Tuesday as the country experienced record-breaking heat that reached as high as 104 degrees Fahrenheit (40 degrees Celsius). Both companies blame temperature for the unexpected shutdowns. On its Google Cloud status page, Google notes it has experienced a “cooling related failure” in one of its UK-based data centers. “This caused a partial failure of capacity in that zone, leading to VM [virtual… Source link

Base metals rallied on Thursday, but their downward trend over the last several weeks has been flashing recessionary signals. Copper (HG=F) futures touched a 19-month low this week amid concerns of a recession. The metal used in everything from jewelry to motors and electrical wiring is down about 19% year to date. “Doctor” Copper is often used to gauge the overall health of the economy. “Weak commodity prices help ease inflation fears,” Fiona Cincotta, senior financial markets analyst at City… Source link

(Bloomberg) — Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s crisis froze London trading for four years. Most Read from Bloomberg It’s a dramatic reversal from the past two years, when metals surged on a wave of post-lockdown optimism, inflationary… Source link

A Kyiv, Ukraine, resident said he converted his $10,500 in life savings into a crypto token called terra but lost most of it after terra crashed.STR/NurPhoto via Getty Images A Kyiv resident wanted to protect his savings to avoid risks from Russia’s war, per The Guardian. He put the $10,500 sum into terra, a “stable” crypto token that later crashed in value. The Ukrainian’s account is one of many stories of retail investors being burned by the crypto crash. Yuri Popovich thought it seemed like a… Source link

Changpeng Zhao, founder of Binance, joked he was “poor again” after the crypto luna took a dive.REUTERS/Darrin Zammit Lupi Crypto exchange Binance’s founder Changpeng Zhao tweeted “poor again” after crypto-token luna crashed. Binance’s holdings of the coin were once worth $1.6 billion but are now worth about $2,200. According to Bloomberg estimates, Zhao is still a billionaire and Binance is the world’s largest crypto exchange. Chanpeng Zhao, the wealthy founder of crypto exchange Binance, joked… Source link

It’s only three months into 2022, and some pure-play media companies are having a terrible year. How terrible? Losing-half-market-cap bad. Shares of Netflix are down a startling 67% year to date, pressured by another disappointing quarter for subscriber growth and a weak outlook. The streaming giant is now in cost-cutting mode — Meghan Markle’s animated series ‘Pearl’ is now off — in an effort to boost profits with its top line slowing. “Netflix is a growth company, but no longer a premium… Source link

What happened Russian tech stock star Yandex (NASDAQ:YNDX) fell 10.2% through 3:15 p.m. ET on Monday — and you can probably blame Russian President Vladimir Putin for that. As the English-language The Moscow Times said this morning, currently both the Russian ruble and Russian stocks are “in the red as talk of military confrontation spooks investors.”  Image source: Getty Images. So what For weeks, diplomats have been warning that the Russian… Source link

(Bloomberg) — A cryptocurrency data network run by some of Wall Street’s biggest players showed a roughly 90% plunge in Bitcoin on Monday, a glitch that didn’t show up on other platforms. Most Read from Bloomberg The platform, called Pyth, is heralded by its supporters as an industrial-grade source for pricing information on assets like stocks and cryptocurrencies. Its contributors include finance giants like Jump Trading Group, DRW and FTX. On Monday, it briefly reported Bitcoin’s price… Source link

Cathie Wood picked up some shares of Zoom (ZM) this week after an earnings related meltdown.  For the founder, CEO and CIO of Ark Invest, the $56 million purchase was a no brainer given the importance of Zoom to the future of communication.  “We think there is a transformation taking place in the communication sector. Many people think of Zoom as nothing more than these video sessions. But it’s becoming much more than that. We think it’s going to, with the Zoom phone, take over the PBX… Source link