Tag Archives: Wiped

[unable to retrieve full-text content]Google shares details on how to restore Google Drive backups after a bug wiped off user data  Neowin Source link

[unable to retrieve full-text content]Billions Wiped Out as Stock-Safety Trade on Wall Street Misfires  Yahoo Finance Source link

[unable to retrieve full-text content]Billions wiped out as stock-safety trade on Wall Street misfires  Yahoo Finance Source link

Nike (NKE) just stuck a size 12 basketball shoe into the groin of trusted vendor partner Foot Locker (FL) as it seeks to bank even more money from its $150-plus pairs of sneakers. Shares of Foot Locker crashed nearly 35% on Friday — wiping out about $950 million in market value — as the sneaker retailer warned on lost business from its large customer this year. Foot Locker said no single vendor (in this case Nike) is expected to represent more than 60% of its business this year, down from… Source link

(Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes. Even on Wall Street, few ever noticed him — until suddenly, everyone did. Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time — a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a… Source link