Tag Archives: sinks

[unable to retrieve full-text content]Bitcoin Sinks on Ebbing Fed Rate-Cut Bets and Cooling ETF Demand  Yahoo Finance Source link

[unable to retrieve full-text content]Stocks Gain Before US Inflation Data; Euro Sinks: Markets Wrap  Yahoo Finance Source link

So much for that Tesla stock (TSLA) bounce. Shares of the EV maker fell more than 4% in pre-market trading on Friday amid fresh U.S. price cuts for the Model 3 and Model Y. The stock had rallied about 9.5% in the past five sessions as traders speculated a bottom was forming after a 65% decline in 2022. Tesla cut the Model 3 base version by $3,000 to $43,990, according to an update on its website. The Model 3 Performance variant saw a price cut of $9,000 to $53,990. As for the Model Y Long… Source link

Shares of Southwest (LUV) sank as much as 6% on Tuesday after the airline canceled thousands of flights, leaving passengers stranded at airports and drawing scrutiny from federal officials. Southwest had canceled more than 2,590 flights on Tuesday as of 2:30 p.m. ET, or about 63% of its scheduled flights, according to tracker FlightAware. The disruption exacerbates a meltdown that began over the holiday weekend and saw 2,900 flights canceled on Monday. The U.S. Transportation Department (USDOT)… Source link

Netflix (NFLX) stock sank 7% in early trading on Thursday after a new report from Digiday said the streaming giant is falling short on viewership guarantees it made to advertisers for its new ad-supported tier. According to Digiday, which cited five agency executives, Netflix is now allowing ad buyers to take their money back after missing viewership targets. The company reportedly only delivered around 80% of the expected audience. Yahoo Finance reached out to Netflix for comment but did not… Source link

(Bloomberg) — Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered. Most Read from Bloomberg A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank’s Global Head of Research Eric Robertsen wrote in a note on Sunday. Demand could switch from Bitcoin as a digital version of gold to the real thing, spurring to a 30%… Source link

Baker Mayfield may or may not have said that he planned to “f***” the Browns up on Sunday Regardless, he made his best effort to do so with a second-half rally, but came up excruciatingly short as a 58-yard field goal by Browns rookie kicker Cade York sank the Carolina Panthers in a 26-24 Cleveland win. Facing a Cleveland team absent starting quarterback Deshaun Watson for the season’s first 11 games, Carolina got off to a rough start against Mayfield’s former Browns. But Mayfield rallied the… Source link

(Bloomberg) — Traders offloaded more shares of BYD Co. on Monday after a second filing showed Warren Buffett’s Berkshire Hathaway Inc. had further trimmed its stake in the company. Most Read from Bloomberg The Chinese automaker’s stock dropped as much as 6.8% to the lowest level since May 10 in Hong Kong. The selloff extended the shares’ losses to almost 30% since a BYD stake that matched Berkshire’s stake appeared in Hong Kong’s clearing and settlement system in July. Berkshire’s… Source link

Warner Bros. Discovery (WBD) reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges. The media conglomerate swung to a $3.42 billion loss in the second quarter, partly due to obstacles related to its recent merger. The stock plummeted in after-hours trading, down as much as 9%. Here are Warner Bros. Discovery second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: In total, the company said it… Source link

Disney (DIS) reported second quarter financial results after the bell on Wednesday that missed on both the top and bottom lines, although net additions for its fledging streaming platform Disney+ came in at 7.9 million, well above estimates of 4.5 million. The surprise upswing caused shares to climb as much as 5% in after-hours trading; however, Disney quickly erased those gains during the company’s earnings call in which CFO Christine McCarthy warned on both a tough economic environment as… Source link