Tag Archives: drops

Bitcoin swiftly lost altitude early on Monday, dropping over 15% to below $50,000 before rebounding somewhat. The downward price movement came after bitcoin reached new record highs above $58,300 over the weekend. The drop seemed to accelerate as U.S. Treasury Secretary Janet Yellen, speaking at a New York Times event, described bitcoin as “highly speculative asset” that is extremely inefficient for transactions. Yellen also called the amount of energy consumed in processing those… Source link

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link

Former U.S. Acting Attorney General Matt Whitaker discusses facebook shutting down a popular stock trading group. Google is helping clean up negative reviews of trading app Robinhood on Google Play after the platform came under fire for restricting some trading, reports show. Reviews on Robinhood’s app had a one-out-of-five star rating and nearly 275,000 reviews on Google Play on Thursday after the platform initially restricted trading for some securities including GameStop, Bed Bed &… Source link

Justin Thomas has lost one of his oldest sponsors. (AP Photo/Phelan M. Ebenhack) Justin Thomas will no longer have Ralph Lauren as a sponsor after a microphone picked up a muttered anti-gay slur from the golfer after he missed a putt at the Sentry Tournament of champions. The company announced it was discontinuing its partnership with Thomas, currently ranked third in the world, in a statement released Friday: At the Ralph Lauren Corporation, we believe in the dignity of all people, regardless… Source link

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window) * Quadruple witching could push up volumes, volatility * All three major indexes set for weekly gains * Retail stocks gain on prospect of strong holiday demand * Tesla rises in high-volume trade * Indexes down: Dow 0.26%, S&P 0.29%, Nasdaq 0.07% (Updates to market open) By Ambar Warrick and Shreyashi Sanyal Dec 18 (Reuters) – Wall Street retreated from record highs on Friday as a coronavirus stimulus deal remained in… Source link

MMA Weekly Kevin Holland’s brutal knockout tops UFC 256 performance bonuses The UFC closed out its 2020 pay-per-view events with a fight card that suffered from several title bouts dropping off, but which delivered when it came to action come fight time. There were numerous candidates for the UFC 256 performance bonuses, including both the Fight of the Night honors and the Performance of the Night awards, for which fighters receive a $50,000 bonus. Performance of the Night: Kevin… Source link

San Francisco: US-based search engine giant Google has dropped support for the Daydream VR platform with Android 11. The Daydream headset and controller can still be used as a generic VR viewer, just like Cardboard. However, the Daydream VR app is “no longer supported by Google and may not work properly on some devices running Android 11 or later.” “Many of the third-party apps and experiences within Daydream may still be available as standalone apps in the Google Play store. “We don’t expect… Source link

Retail expert Erin Sykes discusses how retailers are adapting for consumers during the coronavirus outbreak, including texting their customers and rolling out small footprint stores. Google has been making a steady effort to transform its e-commerce platform into an Amazon competitor. The tech giant has been trying to recruit more sellers to Google Shopping since it offered free item listings on the e-commerce platform and Google Search in April and eliminated commission fees for… Source link