Tag Archives: plummets

Facebook parent company Meta (META) reported its Q2 2022 earnings after the closing bell on Wednesday, falling shy of analysts’ expectations, and missing by a wide margin on its Q3 revenue forecasts. The quarter also marked the first year-over-year revenue decline for the social media company. Net income also fell 36% year-over-year. Here are the most important numbers from the report versus what analysts were expecting, as compiled by Bloomberg. Revenue: $28.8 billion versus $28.9 billion… Source link

Bitcoin continues to fall, extending its losses from the past week. The largest cryptocurrency by market value dropped 4% in the last 24 hours, according to CoinGecko, breaching a key support level and hitting a daily low of $34,406. It’s currently trading at around $34,519, down 9% in the last seven days and down 40% year to date. Ether, the second-largest, is also in the red, down 6% in the last day and down 7.4% in the last week. Overall, the cryptocurrency market is taking a hit, down 4.2%… Source link

Shopify’s stock fell as much as 19 per cent following the release of fourth quarter results on Wednesday. Shopify’s stock plummeted as much as 19 per cent on Wednesday as the company forecast slower growth in 2022 due in part to inflation concerns. The e-commerce company says it expects revenue growth in 2022 to be lower than the 57 per cent growth it achieved in 2021, a year that saw Shopify’s stock hit a high of $1,762.92 last November as it held the position of most valuable company in… Source link

(Bloomberg Law) — MicroStrategy Inc. can’t strip out Bitcoin’s wild swings from the unofficial accounting measures it touts to investors, the SEC said. Most Read from Bloomberg Bad news for the MicroStrategy was compounded as the company’s shares fell as much as 20% Friday, the biggest intraday collapse since Feb. 23. Its stock closed at $375.89, down nearly 18%. Bitcoin also tumbled, and was down more than 7% around 4:15 p.m. in New York. The enterprise software maker, which said in… Source link

By Evan Sully and Lindsay Dunsmuir (Reuters) -U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for the economy as Americans gave faltering outlooks on everything from personal finances to inflation and employment, a survey showed on Friday. The unexpected reading could give Federal Reserve policymakers pause if it translates in the months ahead to a dent in economic activity. The central bank has been getting closer to a decision on… Source link

News broke over the weekend that Boris Johnson would have to self-isolate following contact with health secretary Sajid Javid, who tested positive for coronavirus. Photo: David Rose/AFP via Getty Images The sell-off in European stocks lengthened into the afternoon on Monday as investors digested the latest coronavirus caseloads on what has been dubbed ‘freedom day’ in England.  On Monday, England moved to its final stage of relaxing coronavirus restrictions, despite concern from scientists… Source link

A woman cleaning windows in her high rise apartment fell 67 meters to her death after “losing her balance”. Nissan car saleswoman Olga Nauletova, 27, was spring cleaning her apartment when tragedy struck, according to reports. She had been seen by witnesses reaching out to clean the windows in her flat on the 21st floor of the block in Russian city Kazan. Olga Nauletova, 27, fell to death while cleaning the windows of her apartment. Source: Australscope/East2West They saw her “losing her… Source link

By Tom Wilson and Tom Westbrook LONDON/SINGAPORE (Reuters) – Bitcoin plummeted as much as 17% on Tuesday as investors grew nervous at sky-high valuations, triggering the liquidation of leveraged bets and sparking a sell-off across cryptocurrency markets. The world’s biggest cryptocurrency was facing its biggest daily drop in a month, falling to as low as $45,000. In choppy trading, it was last down 15.6%. The drop took its losses to over a fifth from a record high of $58,354 hit on Sunday and… Source link