Tag Archives: loss

Former President Donald Trump weighed in on the booming cryptocurrency movement, reiterating his concerns that rapidly proliferating digital coins pose a threat to the U.S. dollar’s (DX-Y) status as a global reserve currency. In fact, Trump believes that China’s recent move to ban crypto is a warning shot to the U.S. to protect its currency, he told Yahoo Finance in a wide-raging interview about the economy, and his potential aspirations for the next general election. He added that Chinese… Source link

(Bloomberg) — Tencent Holdings Ltd. and Netease Inc. shed more than $60 billion of value as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry. Chinese regulators summoned industry executives to a Wednesday meeting to instruct them to break their “solitary focus” on profit and prevent minors from becoming addicted to games, according to the official Xinhua News Agency. Regulators also said there will be a… Source link

By Dhirendra Tripathi Investing.com – SoFi Technologies stock (NASDAQ:SOFI) slumped 14% Friday after a second quarter loss that was wider than expected. The fintech reiterated its 2021 outlook. For the full-year, it forecasts adjusted net revenue of $980 million and adjusted earnings before interest, taxes, depreciation and amortization of $27 million. The company has already logged $453.25 million in revenue in the first six months of the year. Its second-quarter adjusted net revenue jumped… Source link

(Bloomberg) — Gabe Plotkin’s Melvin Capital Management ended the first half of 2021 down 46% as the hedge fund struggled to bounce back from a vicious attack by Reddit traders on its short positions. The firm, which plunged in January as its bearish bets on companies including GameStop Corp. and AMC Entertainment Holdings Inc. were besieged by a retail-driven buying spree, was up about 1% in June, according to people familiar with the matter. Melvin now calculates its loss in the first… Source link

Stocks rose on Monday, with the three major indexes looking to recover some of last week’s steep losses as an initial jolt following the Federal Reserve’s updated outlook for rates subsided.  The Dow added more than 200 points, or 0.7%. Last week, the index logged a weekly loss of more than 3% in its worst showing since October. The S&P 500 and Nasdaq were also each higher to extend gains from the overnight session.  Treasury yields on the long end of the curve ticked up to recover after a… Source link

A Republican has won a mayoral race in a South Texas Hispanic Democratic bastion, sparking celebration from the GOP nationwide and alarm from some Democrats. Why it matters: Javier Villalobos’ victory Saturday in Mexican American-majority McAllen, Texas, comes as some Latino Democrats say their party has been ignoring Mexican Americans in Texas, New Mexico and California as the Republican Party makes dents in areas once solidly blue. Stay on top of the latest market trends and economic… Source link

A Republican has won a mayoral race in a South Texas Hispanic Democratic bastion, sparking celebration from the GOP nationwide and alarm from some Democrats. Why it matters: Javier Villalobos’ victory Saturday in Mexican American-majority McAllen, Texas, comes as some Latino Democrats say their party has been ignoring Mexican Americans in Texas, New Mexico and California as the Republican Party makes dents in areas once solidly blue. Stay on top of the latest market trends and economic… Source link

We’re now two years removed from Kawhi Leonard’s decision to leave the Toronto Raptors after capturing the franchise’s first title and join the Los Angeles Clippers in pursuit of a championship in L.A.  Those aspirations haven’t exactly gone as planned. Despite tying their first round series 2-2 on the road against the Dallas Mavericks, the Clippers are (once again) on the brink of elimination after losing Game 5 on their home court Thursday night. To make matters worse, Kawhi and his… Source link

Perhaps the Los Angeles Clippers should burn sage all across the Staples Center, in their locker room, and extend it to homes and even cars. Because for all the positive vibes, roster depth and apparent health coming into the postseason, the franchise that can never get it right needs a cleanse after it finds itself facing a seemingly win-or-else scenario in Game 2 of its first-round series against the Dallas Mavericks. Dallas predictably stole home-court advantage with a 113-103 win Saturday,… Source link

The Guardian Tim Tebow’s NFL resurrection is no gimmick, but it’s very much a farce The Jaguars signed the faded college star to their 90-man roster, reuniting first-year Jacksonville coach Urban Meyer with his former quarterback. It’s official: Tebow Time is a flat circle Tim Tebow and wife Demi-Leigh Nel-Peters attend UFC 261 at Jacksonville’s VyStar Veterans Memorial Arena in April. Photograph: Alex Menendez/Getty Images You can be forgiven for forgetting all about Tim Tebow, unless… Source link