Tag Archives: selling

Russian search engine and cloud computing company Yandex confirmed that its sanctioned deputy CEO has resigned. Tigran Khudaverdyan was sanctioned by the European Union this week, meaning he can no longer work at the Netherlands-registered company. The EU said that Khudaveryan attended a meeting of oligarchs at the Kremlin the week of the invasion of Ukraine. “We were… 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

Fanatics founder and CEO Michael Rubin is going to miss the legend that is Tom Brady. In part it reflects Rubin’s (who is partial owner in the Philadelphia 76ers) love of all things sports, but also because his online sports apparel giant sells a ton of Brady gear. “Nobody has ever sold more jerseys in the history of our company, in the history of sports than Tom Brady. He is literally a selling machine,” Rubin said on Yahoo Finance Live. “We thought when he played for the Patriots and won… Source link

Stretched valuations, coupled with the threat of rising interest rates, have landed technology stocks into trouble to start the new year. And although Microsoft (MSFT) on Tuesday bucked a trend of lackluster fourth quarter results, DataTrek Research thinks a couple of factors are sending the popular sector into a downward spiral, which aren’t likely to be offset by encouraging earnings. That could spell bad news for Meta (FB), Google (GOOG), Tesla (TSLA) and Apple (AAPL): the last two report… Source link

The new year has not been kind to cryptocurrencies, which rose on Wednesday despite about a week of selling that briefly drove Bitcoin below $40,000. A jittery market has begun 2022 on a sour note, with a suddenly hawkish Federal Reserve and the Omicron wave of COVID-19 infections making investors risk-averse. Meanwhile, Bitcoin set a new low at $39,893.62 — having swooned by more than 40% since its November peak. Bitcoin has shed over 8% at its weakest levels this week, while smaller tokens… Source link

Maker of popular game says Singapore company copied it Apple, Google sued for distributing alleged copycats The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. (Reuters) – The maker of the popular game “PlayerUnknown’s Battlegrounds” says in a new U.S. lawsuit that a… Source link

Tech and internet stocks came up for air on Monday afternoon amid a recent sell-off in high growth stocks. The declines came amid a rising 10-year treasury yield (^TNX).  Microsoft (MSFT) ended the session flat after being down earlier this morning. The stock is down more than 6% over the last five session.  Amazon ended .66% lower, recuperating much of the earlier morning losses. The stock had declined more than 3% on Monday, reaching intraday levels it hasn’t seen since May. Alphabet ( Source link

After briefly halting sales of its 6-Series and 5-Series Google TVs due to sluggish, buggy software, TCL this evening announced that the TVs are back. “Recent software updates have allowed us to make significant improvements on the stability and speed of the TCL televisions featuring Google TV,” spokesperson Rachelle Parks said by email. “With these updates, this product now represents the powerful performance that TCL and Google believe is the future of TV.” The Google TVs… Source link

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