Category: Losses
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BetMGM expects further losses amid investment in customer experience By Reuters
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(Reuters) – U.S. sports betting company BetMGM reported an interim loss on Monday and said it expects to post a loss in the second half of the year as it invests more in customer experience and additional marketing. The joint venture between MGM Resorts (NYSE:) and Entain reported a core…
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Why You Shouldn’t Take Your Trading Losses Personally
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Harry Dinkelberg has just lost his beer money on a short trade on the pound. He blames the market, flexes his fingers, and then aggressively shorts all the pound pairs with huge position sizes in the forex market. Then he loses his son’s college education fund on the same day,…
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Rural electricity scheme losses up to Sh56 billion
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The Rural Electrification Scheme, a non-profit scheme set up by the government in 1973 to expand power access to the rural poor, has accumulated losses of Sh55.9 billion, threatening its sustainability. The plan, run by Kenya Power on behalf of the government, has projected a loss of Sh9.87 billion in…
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Deutsche Bank expect further losses still to come for large cap tech stocks
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Via CNBC, here are Deutsche Bank’s thoughts on the additional losses that still lie ahead for large-cap tech stocks: The shift from big tech to small cap companies that has occurred will be more than just a short-term glitch. The market still has a lot of optimism in mind about…
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Dollar slips after Biden pulls out, euro rebounds after losses By Investing.com
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Investing.com – The U.S. dollar fell on Monday after U.S. President Joe Biden’s decision to end his re-election campaign, with the euro benefiting despite its weak tone after last week’s European Central Bank meeting. At 06:00 ET (10:00 GMT), the dollar index, which tracks the greenback against a basket of…
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Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
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Despite the crypto market’s recovery, a significant number of Cardano holders are still suffering losses, leading to speculation as to why. Data from IntoTheBlock shows that the altcoin is the worst performing in terms of profitability when it comes to the top 10 cryptocurrencies by market cap, disappointing its holders…
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Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
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Despite the crypto market’s recovery, a significant number of Cardano holders are still suffering losses, leading to speculation as to why. Data from IntoTheBlock shows that the altcoin is the worst performing in terms of profitability when it comes to the top 10 cryptocurrencies by market cap, disappointing its holders…
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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
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U.S. stocks fell on Friday as more details emerged about a global IT outage and major averages failed to recover from a selloff that saw the Dow Jones snap a winning streak. The S&P 500 (^GSPC) fell 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.8%. Both the Nasdaq and…
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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
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U.S. stocks fell on Friday as more details emerged about a global IT outage and major averages failed to recover from a selloff that saw the Dow Jones snap a winning streak. The S&P 500 (^GSPC) fell 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.8%. Both the Nasdaq and…
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Trouble for Shiba Inu (SHIB)? Major Exchange Attack Leads to Millions in Losses
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SHIB’s stock price fell earlier today, losing around 7% of its value at one point. It has since managed to erase some of the losses, but tensions remain as the entire market is currently in a bear market. The main reason behind the decline of Shiba Inu today Earlier today,…
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Asian stocks dip on tech losses, Trump comments rattle Taiwan, China markets By Investing.com
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Most Asian stocks fell on Wednesday, with losses centered around Taiwan and China after Republican presidential candidate Donald Trump said Taiwan should pay the United States for defense. However, broader losses were limited by a strong lead from Wall Street, with the Dow Jones rising about 2% to record highs,…
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Hedge funds face losses amid unexpected Tesla rally By Investing.com
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Investing.com – A large number of hedge funds that bet against Tesla Inc (NASDAQ:) could now face potential losses, after a surprise surge in the electric car maker’s shares. About 18% of more than 500 hedge funds were short Tesla at the end of June, the highest percentage in more…
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Elon Musk’s Tesla recoups all its year-to-date losses
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Tesla’s boldness is back. A few months ago, Elon Musk’s company was the butt of every Wall Street joke, a growth stock that, as Wells Fargo put it, wasn’t growing. Pundits began to wonder why anyone still included it among the “magnificent seven” companies after Tesla ranked behind all 499…
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Weak U.S. Jobs Reports Extended The Dollar’s Losses On Wednesday
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The United States released a batch of economic data on Wednesday that could give markets clues to the outcome of Friday’s U.S. nonfarm payrolls report: the Challenger Report The data showed that U.S. employers announced 48,786 job cuts in June, down 23.6% from May but still 19.8% higher than June…
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South African rand extends losses, focus on unity government’s reforms By Reuters
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JOHANNESBURG (Reuters) – South Africa’s rand extended losses on Tuesday after a turbulent start to the week as markets waited to see how the new national unity government would handle economic reform after forming a cabinet. By 11:31 GMT, the rand was trading at 18.475 against the dollar, down 0.6%…
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Sanlam to wind up three subsidiaries as losses up
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Sanlam Kenya is divesting its real estate, bottled mineral water and asset management businesses, as the insurer struggles to shore up profits after years of losses and drying up profits for shareholders. The company, a subsidiary of South Africa’s Sanlam Financial Services Group Limited, says Sanlam Investments Limited (asset managers),…
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Bearish Wave Hits Solana: SOL Drops Below $140 – More Losses On The Horizon?
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Solana, a leading blockchain platform, is witnessing a major decline as a sustained bearish wave sweeps its market. This decline, driven by a combination of factors, saw the price of SOL fall significantly below the $140 support level. Solana price struggled to find stability, as it broke through key support…
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Dogecoin Bears Return: Indicators Point To More Losses In DOGE
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Dogecoin started another decline from the $0.1285 resistance area against the US Dollar. DOGE is strengthening and may resume its decline below $0.1220. DOGE price is moving lower below the $0.1250 support area. The price is trading below the $0.1250 level and the 100 hourly simple moving average. There is…
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Dollar pares losses as Fed officials project only one rate cut this year By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after data showed that consumer prices in May rose less than economists expected, but pared losses after an updated interest rate forecast by Federal Reserve officials showed an expectation of another rate cut. Only one this year.…
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Asia FX muted, dollar nurses weekly losses with nonfarm payrolls in focus By Investing.com
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Investing.com — Most Asian currencies moved little on Friday in anticipation of key U.S. jobs data due later in the day, although rising expectations for interest rate cuts had the dollar heading toward a weekly loss. Sentiment towards risk-driven assets improved this week following interest rate cuts from . But…