Category: Drops
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Apple drops out of talks to join OpenAI investment round, WSJ says By Reuters
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(Reuters) – Apple Inc (NASDAQ:) has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The technology giant recently withdrew from the talks, which are scheduled to conclude next week, the newspaper said, citing a person familiar…
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Charles Hoskinson Drops Bombshell On Why Cardano Is Better Than Bitcoin And Ethereum
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The battle for supremacy between top blockchains like Bitcoin, Ethereum, and Cardano is heating up, and this time around, Charles Hoskinson is taking the lead. This comes after the Cardano blockchain was moved to a completely new governance structure following Chang’s long-awaited hard fork. This should give it an edge…
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Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
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By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
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Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
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By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
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Bitcoin Short-Term Supply Drops At Fastest Pace Since 2012
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On-chain data shows that the supply of Bitcoin held by short-term holders has recently fallen at its fastest monthly rate since 2012. Bitcoin supply drops in the short term as investors hold on to it As CryptoQuant author Axel Adler Jr. explains in a new article, mail At X, the…
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Bitcoin Short-Term Supply Drops At Fastest Pace Since 2012
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On-chain data shows that the supply of Bitcoin held by short-term holders has recently fallen at its fastest monthly rate since 2012. Bitcoin supply drops in the short term as investors hold on to it As CryptoQuant author Axel Adler Jr. explains in a new article, mail At X, the…
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US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut By Reuters
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(This Sept. 13 story has been refiled to remove Mellon’s BNY name in paragraph 8.) By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar fell to its lowest level in nearly nine months against the Japanese yen on Friday after media reports rekindled speculation that the…
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Solana Losses Ground, Drops Below $137 As Bearish Momentum Builds
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This article is also available in Spanish. Solana started to decline again, falling below the $137 support level, indicating that the bearish momentum is gaining. The dragThe once promising uptrend has faltered, leaving traders and Investors Some are wondering if more losses are on the horizon. With selling pressure intensifying,…
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Solana Losses Ground, Drops Below $137 As Bearish Momentum Builds
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This article is also available in Spanish. Solana started to decline again, falling below the $137 support level, indicating that the bearish momentum is gaining. The dragThe once promising uptrend has faltered, leaving traders and Investors Some are wondering if more losses are on the horizon. With selling pressure intensifying,…
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Delaware bankruptcy court says Yellow owes pensions, stock drops 90%
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Yellow shares fell 90% Friday afternoon following a Delaware court ruling on its pension obligations. (Photo: Jim Allen/FreightWaves) A Delaware bankruptcy court offered some clarity late Friday on the $6.5 billion in liability claims against Yellow Corp., but the total amount the incomplete bankrupt company will pay remains undetermined. The…
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Detained China banker’s wealth drops $750M amid Beijing crackdown
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In the boom years when China produced billionaires Every two daysBanking money maker Bao Fan almost achieved this feat himself. His skill in advising tech giants like Alibaba Group Holding Ltd. has made him one of the country’s most sought-after financiers, helping him amass a fortune worth more than $800…
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Bitcoin Price Drops As Stocks Lose $1 Trillion In Market Value
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The past trading session saw a turbulent turn of events in financial markets, with the global equity landscape losing more than $1 trillion in market value. The stunning decline was largely driven by massive sell-offs in large-cap technology stocks, including industry giants like Nvidia (NVDA), which alone lost $360 billion…
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Bitcoin Price Drops As Stocks Lose $1 Trillion In Market Value
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The past trading session saw a turbulent turn of events in financial markets, with the global equity landscape losing more than $1 trillion in market value. The stunning decline was largely driven by massive sell-offs in large-cap technology stocks, including industry giants like Nvidia (NVDA), which alone lost $360 billion…
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Nvidia suffers record $279 billion loss in market value as Wall St drops By Reuters
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By Noel Randwick and Susan McGee (Reuters) – Shares of artificial intelligence giant Nvidia Corp (NASDAQ:NVD) plunged 9.5 percent on Tuesday, the deepest one-day drop ever in the market value of a U.S. company, as investors tempered their optimism about artificial intelligence in a broad market sell-off following tepid economic…
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Ruto hands mega road deal to China, drops French firms
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President William Ruto has abandoned the French and is now courting China for the Nairobi-Malaba highway dualisation project that his predecessor Uhuru Kenyatta offered to a French consortium. Dr Ruto, who is in Beijing to attend the African leaders summit, said his host Xi Jinping had given the green light…
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ForexLive Asia-Pacific FX news wrap: USD/JPY heads up to 147.20, drops back under 147.00
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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ForexLive Asia-Pacific FX news wrap: USD/JPY heads up to 146.60, drops back under 146.00
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low
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On-chain data shows that the supply of Bitcoin on exchanges has hit a new low this year as investors continue to withdraw their coins. Bitcoin Exchange Reserve has been on a downward trend recently. As one analyst at CryptoQuant Quicktake explained, mailBitcoin exchange reserves have continued to decline recently. “Exchange…
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Edgar Bronfman drops Paramount bid, clearing path for Skydance deal By Reuters
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By Dawn Chmielowski and Anirban Sen (Reuters) – Media mogul Edgar Bronfman Jr. on Monday dropped out of the race to buy Paramount Global, paving the way for Skydance Media to take control of Shari Redstone’s media empire. In a statement, Bronfman said his bidding group informed Paramount’s special committee…
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Dollar drops against yen but broadly stable after last week’s decline By Reuters
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By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar fell to a three-week low against the yen on Monday but halted its recent slide against most other currencies as investors assessed the possibility that the U.S. Federal Reserve will soon begin a series of interest rate cuts. The…