Tag Archives: panic

Jamie Dimon, Chair and CEO of JPMorgan ChaseJ. Lawler Duggan/For The Washington Post via Getty Images JPMorgan has asked hybrid employees to come into the office at least 3 days a week. The bank is tracking ID swipes to monitor staffers’ office attendance. One executive described there being a “fear of God” and “panic” over the attendance quotas. JPMorgan has started tracking staffers’ office attendance, and employees say it’s creating an atmosphere of mistrust and panic. Insider reported… Source link

(Bloomberg) — Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship with Russia and renewed regulatory risks sparked panic selling. Most Read from Bloomberg The Hang Seng China Enterprises Index closed down 7.2% on Monday, the biggest drop since November 2008. The Hang Sang Tech Index tumbled 11% in its worst decline since the gauge was launched in July 2020, wiping out $2.1 trillion in value since a… Source link

(Bloomberg) — The relentless selloff in Chinese technology stocks continued on Monday, as Beijing’s close relationship with Russia raised risks for mainland companies already battered by renewed regulatory headwinds. Most Read from Bloomberg The Hang Seng Tech Index slumped more than 9%, poised for the largest drop since the guage was introduced in July 2020 and driving losses in broader Hong Kong and China stocks. The Golden Dragon Index, which tracks American depository receipts of… Source link

(Bloomberg) — Gold extended its slump, and silver tumbled, after a stronger-than-expected U.S. jobs report fueled bets that the Federal Reserve may start paring back its massive monetary stimulus soon. Spot bullion fell more than 4% and silver slumped as much as 7% as the selloff following Friday’s employment figures initially accelerated at the start of Asian trading. Dallas Fed President Robert Kaplan said the central bank should start tapering its asset purchases sooner rather than… Source link

(Bloomberg) — A selloff in Chinese private education companies sent shockwaves through the equity market Monday, as investors scrambled to price in the growing risks from an intensifying crackdown by Beijing on some of the nation’s industries. Stocks slumped on the mainland and in Hong Kong, with the benchmark CSI 300 Index dropping 3.2% and the Hang Seng Index tumbling 4.1%, the most since May last year. Steep losses in education stocks in the wake of a sweeping overhaul spilled over into… Source link

A jury on Tuesday found ex-Minneapolis police officer Derek Chauvin guilty of two counts of murder for the killing George Floyd, an unarmed Black man whose death sparked nationwide Black Lives Matters protests. The jury, after 10 hours of deliberation, found Chauvin guilty of second-degree murder, third-degree murder, and manslaughter for the killing of Floyd on May 25, 2020. Business owners around Minneapolis, where the trial was held, have been on edge over the last year, with heightened… Source link

Amid a lopsided road loss to a respected AFC North rival on Sunday, the Cleveland Browns subjected their fans to a pair of brutal interceptions, a complete inability to get a defensive stop when needed and, yes, another Odell Beckham Jr. end-game tantrum. In other words, the Browns’ 38-7 loss to Pittsburgh felt a whole heck of a lot like any number of defeats from 2019.  Or 2018.  Or 2017.  And so on. Browns fans are used to melting down by now, given the horrific football they’ve been… Source link