Category: Losses
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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…
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Asia FX weakens as dollar recoups some losses, Indian rupee tests record lows By Investing.com
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Investing.com — Most Asian currencies fell slightly on Wednesday as the dollar recovered from two-month lows, while the Indian rupee tested record lows after 2024 general election results showed the ruling Bharatiya Janata Party did not sweep as expected. Broader risk appetite improved somewhat, as weak US data fueled bets…
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Lady Bamford’s Daylesford Organic Faces Mounting Losses
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Lady Bamford’s popular farm shop, Daylesford Organic, has announced a major financial contraction, posting a £3.6m loss last year as customers increasingly turn away from its premium produce. The sharp decline follows a modest loss of £291,000 the previous year, representing a worrying reflection on the company’s growth and profitability…
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Stocks held by ARK Invest’s flagship innovation fund have seen huge losses. Here are the fund’s 10 biggest losers.
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Photo by Marco Bello/Getty Images Ark Invest’s leading ETFs are experiencing huge losses, with individual holdings falling by as much as 93%. The fund’s performance has significantly underperformed the broader stock market, and only one of its top 10 holdings is in the green. These are the top 10 losing…
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Asia FX nurses losses as dollar hits 10-day high on easing rate cut bets By Investing.com
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Investing.com — Most Asian currencies fell on Friday and suffered sharp losses against the dollar, as hawkish signals on inflation and interest rates led traders to price in expectations of interest rate cuts in 2024. Sentiment towards Asian markets was also shaken by signs of a renewed trade war between…
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Robbins Geller Rudman & Dowd LLP Announces that Inari Medical, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit By Investing.com
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SAN DIEGO, May 19, 2024 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dodd LLP Announces that purchasers of shares of Inari Medical, Inc. (NASDAQ: NARI) common stock between February 24, 2022 and February 28, 2024, including both dates (the Class Period), they have until May 13, 2024 to seek appointment…
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Robbins Geller Rudman & Dowd LLP Announces that Inari Medical, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit By Investing.com
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SAN DIEGO, May 19, 2024 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dodd LLP Announces that purchasers of shares of Inari Medical, Inc. (NASDAQ: NARI) common stock between February 24, 2022 and February 28, 2024, including both dates (the Class Period), they have until May 13, 2024 to seek appointment…
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What Could Trigger More Losses?
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XRP price is consolidating losses above the $0.500 support level. The price could extend losses if it fails to recover above the $0.530 resistance area. XRP extended its losses and traded below the $0.530 support level. The price is now trading below $0.5250 and the 100 hourly simple moving average.…
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What Could Trigger More Losses?
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XRP price is consolidating losses above the $0.500 support level. The price could extend losses if it fails to recover above the $0.530 resistance area. XRP extended its losses and traded below the $0.530 support level. The price is now trading below $0.5250 and the 100 hourly simple moving average.…
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Asia FX muted, Japanese yen pauses losses after BOJ warning By Investing.com
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Investing.com — Most Asian currencies moved in a flat-to-low range on Thursday as markets sought more signals on U.S. interest rates from Federal Reserve officials and upcoming inflation data. The Japanese yen saw some resilience, with the pair pausing its recent decline following somewhat hawkish comments from the Bank of…
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April Records Lowest Crypto Losses in Years: CertiK
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CertiK, a leading blockchain security company, has released its latest report revealing a significant decline in losses resulting from crypto-related hacks and fraud by the end of April. Pointing to the notable decline, CertiK reported that April saw a loss of approximately $25.7 million due to exploits, hacks, and fraud.…