Category: fall
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China two-year yield eyes fall below 1.00%
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Written by Jamie MacGyver (Reuters) – A look at the day ahead in Asian markets. The first full trading week of 2025 kicks off in Asia on Monday with a sharp decline in Chinese currency and bond yields, an increasingly tense and volatile political situation in South Korea, and a…
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SoFi shares fall after KBW downgrade on valuation concerns
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(Reuters) – Shares of personal finance app SoFi Technologies fell as much as 7% on Thursday, after analysts at KBW downgraded the stock to “underperform” on concerns about its lofty valuation and ambitious financial goals. SoFi stock last traded at $14.68 and is headed toward a fourth straight session of…
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Some global property catastrophe reinsurance rates to fall 5% to 15% on Jan 1, broker says
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LONDON (Reuters) – Global property catastrophe reinsurance rates will fall by 5% to 15% on January 1 for the books of companies without losses, as the market becomes more competitive after… Years of high interest rates. . Reinsurance companies insure insurance companies, and they have raised prices and excluded some…
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Economists say more room to fall as Canadian dollar continues downward trend
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Breadcrumb links PMN BMN Business Article writer: Canadian Press Ritika Dubey Posted on December 24, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content Experts say that the next few months will be difficult…
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Don’t Fall for the Bitcoin Crash – It’s Just a Breather
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If you have been following Bitcoin, you may have noticed the pullback yesterday. It fell from $108,000 to $99,000 after the FOMC meeting, where the Fed cut interest rates. When Jerome Powell, Chairman of the Federal Reserve, was asked about the Bitcoin Strategic Reserve, He said: “We are not allowed…
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Charting the Global Economy: Assad’s Fall Adds to Middle East Instability
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Breadcrumb links BMN Business The overthrow of Bashar al-Assad’s government added a new source of instability to the Middle East, with Türkiye asserting itself as the main player in shaping Syria’s future. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on December 14, 2024 • 4 minutes read…
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Past Performance Says Dogecoin Price Will Fall To $0.32 And Then Rocket 60% To $0.52, Here’s Why
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Cryptocurrency analyst Bartfil provided insight into what’s next for Dogecoin price based on this Past offers. Based on his analysis, Dogecoin may see a significant price correction before continuing its upward trend. Where does Dogecoin price go next? In a TradingView ShareBartfel compared the current Dogecoin price situation to the…
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Dow, S&P 500, Nasdaq fall as investors await key inflation data
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The US economy remains in a strong position, with new data released on Tuesday confirming that strength in the face of rising interest rates. Productivity growth in the third quarter remained unchanged at a healthy 2.2% on a sequential basis, while the year-on-year rate remained unchanged at 2.0%. “Productivity growth,…
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UK job vacancies fall at fastest pace since pandemic as business mood darkens
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UK employers reduced recruitment efforts sharply in November, with job vacancies falling at their fastest rate since the start of the pandemic. New data from KPMG and the Recruitment and Employment Confederation (REC) reveals that demand for staff has fallen at a “sharp and accelerating pace”, indicating deepening labor market…
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Synopsys shares fall after sales outlook misses estimates
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Written by Stephen Nellis and Zaheer Kashwala (Reuters) – Chip design software maker Synopsys on Wednesday forecast fiscal 2025 revenue to be below Wall Street expectations, partly due to lower China sales as the United States tightens controls on chip technology that can be sold to the country. Shares of…
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Toronto home sales rise as interest rates fall
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Article content Home sales in the Greater Toronto Area rose 40 per cent in November from a year earlier, as lower borrowing costs drew more buyers into the market. Article content TRREB said the benchmark home price fell 1.22 percent annually to $1,061,700, a much slower rate of decline compared…
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Bitcoin Correction Looms As Analyst Predicts Fall To $85,600
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The price of Bitcoin (BTC) rose 7.99% in the past week to reach a new all-time high of $99,655 on November 22. After that, the number one cryptocurrency saw a slight bounce in the last 48 hours as it fell to around $98,200. However, speculation of a major price correction…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Asian Stocks Fall as China Support Disappoints: Markets Wrap
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(Bloomberg) — Asian stocks fell after China’s planned debt swap program appeared inadequate to some investors and data showed continuing deflationary pressures. Most read from Bloomberg The region’s stock index fell more than 1% on Monday, with Hong Kong and mainland Chinese stocks falling in early trading. Standards have also…
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Super Micro Computer Shares Fall Again on Latest Update. Is the Bottom In, or Is There More Downside Ahead for the Stock?
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shares Super micro computer (NASDAQ: SMCI) It fell again after the company provided investors with an update on its first-quarter financial results, as well as its current audit and filing process. Supermicro was a big winner early in the year, with its shares quadrupling during the first three months of…
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The Rise And Fall Of Hamster Kombat: Why 260 Million Players Abandoned The Game
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Are we about to see the end of Telegram’s popular cryptocurrency-based game Hamster Kombat? Hamster Kombat was once a beloved and viral game on Telegram, but is currently draining users with its token, HMSTR, down by as much as 76%. According to several blockchain tracking sites, the game built on…
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The Rise And Fall Of Hamster Kombat: Why 260 Million Players Abandoned The Game
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Are we about to see the end of Telegram’s popular cryptocurrency-based game Hamster Kombat? Hamster Kombat was once a beloved and viral game on Telegram, but is currently draining users with its token, HMSTR, down by as much as 76%. According to several blockchain tracking sites, the game built on…
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Bonds Fall Most Since 2020 as Trump Win Revives Inflation Risk
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(Bloomberg) — U.S. Treasury yields rose — with their highest 30-year rise since the global flight to cash in March 2020 — as investors return to betting that Donald Trump’s return to the White House will boost inflation. Most read from Bloomberg The yield on longer-maturity US government bonds rose…