Tag Archives: Slump

[unable to retrieve full-text content]Stocks Slump, Havens Surge on Mideast Conflict: Markets Wrap  Yahoo Finance Source link

Bitcoin and Ether fell in Asian trading on Wednesday afternoon, with Dogecoin leading declines across top 10 non-stablecoin cryptocurrencies. See related article: Sam Bankman-Fried hires attorney Mark Cohen amid probes of failed FTX exchange Fast facts Bitcoin dropped 1.41% over the past 24 hours and was trading at US$16,780 by 4:30 p.m. in Hong Kong, and Ether decreased 2.68% to US$1,228, according to CoinMarketCap. Dogecoin slumped 5.47% to US$0.09561. Twitter user “Nima Owji” who… Source link

“Google is clearly trying to modernize what has been this golden goose, which is their search business, while also trying to modernize the format that they’re able to deliver to users on YouTube with Shorts,” said our analyst Max Willens, following Alphabet’s third-quarter earnings. “We might be at the beginning of an environment where it’s tough to build momentum around either of them.” How we got here: Last month, Alphabet revealed only modest third-quarter gains after a booming… Source link

“Call of Duty” maker Activision Blizzard (ATVI) reported its Q2 earnings after the closing bell Monday, beating analysts’ expectations on revenue, but falling short on the bottom line as the industry contends with a slowdown from its pandemic-era highs. Here are the most important numbers from the announcement versus what Wall Street was anticipating from the gaming giant, as compiled by Bloomberg. Shares of Activision Blizzard were largely flat following the report. While Activision… Source link

(Bloomberg) — Celsius Network Ltd. paused withdrawals, swaps and transfers after weeks of speculation over the sustainability of the outsized returns being offered by the DeFi lending platform, fueling a broad cryptocurrency selloff. Most Read from Bloomberg Crypto markets tumbled after the Celsius announcement, with Bitcoin dropping as much as 14% to the lowest level since December 2020 and other major tokens like Ether also falling sharply. Celsius’s CEL token was down about 50% to 19… Source link

(Bloomberg) — U.S. Treasury yields’ advance to a three-year high kicked off a global jump in borrowing costs as traders refocused on intensifying bets on rate hikes from major central banks. Most Read from Bloomberg Ten-year U.S. yields climbed through 2.75% for the first time since March 2019 as investors priced in the impact of the Federal Reserve’s tightening plan and accelerating inflation. Traders are betting on nine quarter-point Fed rate hikes by year-end, which — including last… Source link

Federal Reserve chairman Jerome Powell. European markets were muted on Wednesday as investors focus on the latest insights into the Fed’s policy tightening. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images European stocks were in the red on Wednesday as investors focus on fresh western sanctions against Russia over its invasion of Ukraine and the latest insights into the Federal Reserve’s policy tightening. The FTSE 100 (^FTSE) lost ground after closing higher the previous session,… Source link

Stock futures opened slightly higher Thursday evening after dropping during the regular session, with equities ending a volatile month in the red. The S&P 500 ended a seven-month winning streak in September, posting an about 4.8% monthly decline. The Dow ended September lower by 4.4%. The Nasdaq underperformed, shedding 5.4% amid a broad rotation away from growth and technology stocks as expectations for elevated inflation and higher rates took holding.  “As I look at my ‘what am I going to… Source link

The current national bout of low inventory represents an “unprecedented non-recessionary inventory collapse” for the last 20 years, a new report by JPMorgan found. “While non-manufacturing activity is now tracking a strong and steady recovery, the goods-producing sector has been buffeted by supply constraints alongside continued boomy gains in final demand,” the report noted. “The result has been a slump in inventories that, over the past two decades at least, looks to be unprecedented… Source link

(Updates prices, adds quote and details) LONDON, June 21 (Reuters) – Belarus sovereign dollar bonds tumbled on Monday amid talk of new EU sanctions in an attempt to put more pressure on President Alexander Lukashenko over last month’s forced landing of a Ryanair passenger plane in Minsk. The benchmark 2030 bond slumped some 4 cents in its biggest fall since the peak of global market COVID angst in March last year, while the 2031 bond issued in June last year matched the decline and hit a… Source link