Tag Archives: tumbles

(Bloomberg) — Shopify Inc. plunged by the most since March 2020 after a report that the Canadian e-commerce company terminated contracts with several warehouse and fulfillment partners. Most Read from Bloomberg Its U.S.-traded shares closed down 14% on Friday to the lowest level since September 2020 on high trading volume after the business publication Insider said Shopify was expected to have about half of its previous capacity for e-commerce orders for merchants, once changes are… Source link

Crypto investors have cashed out over $135 billion dollars from the asset class so far in 2022, according to Coinmarketcap market cap data, and bitcoin (BTC-USD) is down around 7% year-to-date and hovering around $43,000 as of Thursday at 10 AM ET. “There are no signs of a decisive reversal in sight,” Mikkel Morch, executive director at digital assets hedge fund Ark36, told Yahoo Finance when asked about the largest cryptocurrency’s recent price action relative to its drawdown over the past… Source link

U.S. stock futures slumped Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which fanned concerns that new growth-crushing lockdowns could be imposed.  Trading volumes were low due to the Thanksgiving holiday in the U.S., which could be could contributing to the volatility. However, major benchmarks indicated a rough opening on Wall Street’s abbreviated post-Thanksgiving session. Dow futures contracts (YM=F) plunged 800 points, or 2.5%, while… Source link

Despite a seemingly lackluster slate of games, college football met its craziness quota with upsets and near-upsets involving many of the teams in the middle of the race for the national championship. One is previously unbeaten Michigan State, which suffered a second defensive meltdown in as many weeks and lost to Purdue. Also in the Big Ten, Ohio State was pushed to the limit by Nebraska, which slowed the nation’s most productive offense but was undone once again by failures on special teams… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Energy, bank stocks lead market declines    * All eyes on Fed’s policy meeting later this week    * Indexes down: Dow 1.34%, S&P 1.35%, Nasdaq 1.63% (Updates to open; changes quote)    By Devik Jain    Sept 20 (Reuters) – Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery hit economy-linked stocks at the start of a week in… Source link

* Shares fall as much as 20% below IPO price * Worries about China crackdown on gaming sector * Worst debut for S.Korean listing since 2004 (Updates with milestone, closing price, market capitalisation, KOSPI ranking, adds analyst comment) By Joyce Lee and Scott Murdoch SEOUL/HONG KONG, Aug 10 (Reuters) – Shares in Krafton Inc , the Tencent Holdings-backed South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), fell as much as 20% on their trading debut on… Source link

(Bloomberg) — Gold extended its slump, and silver tumbled, after a stronger-than-expected U.S. jobs report fueled bets that the Federal Reserve may start paring back its massive monetary stimulus soon. Spot bullion fell more than 4% and silver slumped as much as 7% as the selloff following Friday’s employment figures initially accelerated at the start of Asian trading. Dallas Fed President Robert Kaplan said the central bank should start tapering its asset purchases sooner rather than… Source link

The market tumbles — is this the crash Suze Orman warned about? The U.S. stock market took a gut-wrenching dive on Monday, but the big worry for investors is what still lies ahead. All three major indexes took a tumble over fears that the delta variant of COVID-19 could threaten the global recovery. The Dow Jones Industrial Average suffered its biggest drop of the year, falling 2.1%, while the S&P 500 fell 1.6% and the Nasdaq 1.1%. Some analysts are already worried this could be the beginning… Source link

Bloomberg Inflation Bets Mount on Fear That Brazil Won’t Hike Rates Enough (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Brazil’s inflation expectations are going the wrong way as investors fear the central bank won’t be bold enough to rein prices in.Traders are piling into inflation-linked bonds, seeking protection from an expected acceleration in prices, as officials stick to their guidance that they will pause the… Source link

(Bloomberg) — Elon Musk continued to whipsaw the price of Bitcoin, sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings. Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at… Source link