Tag Archives: Plunges

Peloton is ending the year on an ominous note, if the tale told by Google search volume is to be believed. U.S. search trends for Peloton show a 30% year-over-year drop in the fourth quarter of this year. U.K. and Germany showed an even larger year-over-year decline. “Historically, Google search trends data has correlated well with Peloton hardware sales,” wrote Raymond James analyst Aaron Kessler. “Based on our updated analysis, the search trends data indicates… Source link

(Bloomberg) — Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets. Most Read from Bloomberg The largest digital token fell as low as $42,296 before paring some of the tumble. It was trading at about $47,600 as of 1:50 p.m. in Singapore on Saturday, a drop of about 11%. Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a… Source link

UPDATED: Shares of Penn National Gaming fell more than 20% Thursday, after the publication of an article in which several women alleged that they had “violent and humiliating” sexual encounters with Dave Portnoy, president of Barstool Sports. Penn National, which operates casinos, racetracks and online sports betting, owns a significant equity stake in Barstool. The drop in Penn National’s stock price also came after the company missed Q3 earnings expectations. Revenue climbed 34%, to… Source link

(Bloomberg) — Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline. Most Read from Bloomberg A selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September. The stock slide on Monday sent Zuckerberg’s worth down to $120.9 billion,… Source link

(Bloomberg) — Didi Global Inc. plunged Tuesday in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on companies listing their shares abroad. China’s State Council issued a sweeping warning to China’s biggest companies, vowing to tighten oversight of data security and overseas listings. That announcement followed the opening of a security review by China’s internet regulator last week and a demand for app stores to remove… Source link

ROME (AP) — A cable car taking visitors to a mountaintop view of some of northern Italy’s most picturesque lakes plummeted to the ground Sunday and then tumbled down the slope, killing 13 people and sending two children to the hospital in serious condition, authorities said. Stresa Mayor Marcella Severino said it appeared that a cable broke, sending the car careening until it hit a pylon and then fell to the ground. At that point, the car overturned “two or three times before hitting some… Source link

Bloomberg FDA Clears Pfizer Shot for Teens; U.S. Cases Slow: Virus Update (Bloomberg) — The U.S. Food and Drug Administration approved the use of Pfizer-BioNTech vaccine for children aged 12 to 15. The number of new cases in U.S. rose last week at the slowest pace since the pandemic began, as more Americans are vaccinated and the nation recovers from a winter spike fueled by holiday travel.India’s capital of New Delhi extended its lockdown for another week as it battled a wave of infections… Source link

Tesla CEO and founder and chief engineer of SpaceX, Elon Musk.Photo: Yasin Ozturk/Anadolu Agency via Getty Images The value of dogecoin (DOGE) plummeted from record highs after Elon Musk’s Saturday Night Live (SNL) appearance, disappointing investors who tried to push the coin to $1 (£0.72).  Analysts had expected the Tesla (TSLA) CEO or the “Dogefather” to mention the meme-inspired crypto on SNL and send prices spiking, instead his plug saw the coin crash nearly 25% from $0.69 to $0.48 a… Source link

(Bloomberg) — Bitcoin plunged the most in more than seven weeks, just days after reaching a record. The biggest crypto coin fell 8.5% to $55,810.32 as of 2:52 p.m. in Singapore on Sunday, after declining as much as 15.1% to $51,707.51. Ether, the second-largest token, dropped almost 18% before paring losses. Several online reports attributed the plunge to speculation the U.S. Treasury may crack down on money laundering that’s carried out through digital assets. Bitcoin hit a record high of… Source link

TipRanks These 2 EV Stocks Have Over 40% Upside Potential, Say Analysts Everyone wants to be part of the next big thing, and right now, in the automotive industry, that’s looking more and more like electric vehicles (EVs). A combination of social and political pressures are promoting EVs, and manufacturers – both legacy automakers like Ford and GM as well as newer companies like Elon Musk’s Tesla – are busy designing and building new lines of vehicles. That growth hit a snag last week,… Source link