Category: Sinks

  • Pound sinks to nine-month low as recession fears grip UK manufacturing

    The pound fell to its lowest level since April after stark warnings from an influential survey that Britain could be on the brink of an industrial recession. The pound fell 1% against the dollar on Thursday, falling below $1.24, amid growing fears the UK economy is faltering. In stark contrast,…

  • MicroStrategy Sinks After Nasdaq 100 Inclusion: Bitcoin Bet Under Fire?

    MicroStrategy sinks after Nasdaq 100 listing: Betting on Bitcoin under fire? Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. shares MicroStrategy Corporation (Nasdaq:MSTR) fell more than 8.5% on Monday, off to a rocky start to its bull run Among Nasdaq 100.…

  • XRP Price Shows Resilience While BTC Sinks Deeper

    Ayush Jindal, one of the prominent figures in the world of financial markets, has more than 15 years of brilliant experience in the fields of forex and cryptocurrency trading. Known for his unparalleled proficiency in delivering technical analysis, Ayush is a trusted advisor and top market expert to investors around…

  • Trump Resurgence Sinks Emerging Markets as Dollar Surges

    (Bloomberg) — Emerging markets were hit hard by the return of the “Trump trade” on Wednesday as the dollar and U.S. yields rose after the election of Donald Trump. Most read from Bloomberg Eastern European currencies led the losses, making a gauge of emerging market currencies post its worst day…

  • Nursing Home Operator PACS Sinks After Hindenburg Short Report

    (Bloomberg) — Shares of nursing home operator PACS Group Inc. fell. by 28% on Monday after Hindenburg Research released a short report alleging that the company was – among other things – “systematically defrauding taxpayers.” Most read from Bloomberg The decline halted volatility in the health care company’s stock, and…

  • Stocks climb, oil sinks at start of pivotal week: Markets wrap

    (Bloomberg) — There was a sense of relief in markets after Israeli retaliatory strikes against Iran averted oil facilities, with crude oil falling and stocks rising at the start of what appears to be a pivotal week for investors. Most read from Bloomberg Iran said its oil industry was operating…

  • Tesla stock sinks 7% after Elon Musk’s robotaxi reveal disappoints investors

    Tesla (TSLA) The stock fell during morning trading on Friday, after The long-awaited unveiling of the Robotaxi Failed to convince investors. Shares of the electric car maker were down about 7.5% on Friday morning after falling about 6% during pre-market trading. Its shares closed down about 1% on Thursday before…

  • Tesla stock sinks 7% after Elon Musk’s robotaxi reveal disappoints investors

    Tesla (TSLA) The stock fell during morning trading on Friday, after The long-awaited unveiling of the Robotaxi Failed to convince investors. Shares of the electric car maker were down about 7.5% on Friday morning after falling about 6% during pre-market trading. Its shares closed down about 1% on Thursday before…

  • Toronto Dominion Bank stock sinks on report of massive U.S. fine By Investing.com

    Toronto Dominion Bank (NYSE:) stock price fell more than 5% on Thursday following reports of an upcoming $3 billion settlement related to anti-money laundering practices in the United States. According to the Wall Street Journal, citing sources familiar with the matter, TD’s US unit is expected to plead guilty to…

  • Asia FX muted with Fed, inflation cues on tap; Kiwi sinks on RBNZ cut By Investing.com

    Investing.com — Most Asian currencies remained range-bound on Wednesday, while the dollar stabilized in anticipation of further signals from the Federal Reserve and US inflation on the path to interest rates. The New Zealand dollar lagged behind its peers, falling sharply after the Reserve Bank of New Zealand cut interest…

  • Intel Markets soars with $1m Quantum AI research grant as XRP, LINK sinks

    Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Ripple’s never-ending drama takes a new turn, Chainlink sparks outflows after token unlock, Intel Markets gains attention. The cryptocurrency market is a high-stakes game, and the stakes have never been…

  • Intel Markets soars with $1m Quantum AI research grant as XRP, LINK sinks

    Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Ripple’s never-ending drama takes a new turn, Chainlink sparks outflows after token unlock, Intel Markets gains attention. The cryptocurrency market is a high-stakes game, and the stakes have never been…

  • Zscaler stock sinks 13% in afterhours trade on cautious profit outlook By Investing.com

    Zscaler (NASDAQ:) reported better-than-expected fourth-quarter results, but its shares fell 13% in after-hours trading on disappointing earnings guidance for the next fiscal year. The cloud security company reported adjusted earnings per share of $0.88, beating analysts’ estimates of $0.70. Revenue for the quarter was $592.9 million, up 30% year over…

  • Dow slides 600 points, Nasdaq sinks 3% as Nvidia leads chip sell-off

    Investors kicked off September trading with a bang, with stocks tumbling Tuesday to kick off a historically tough month for markets, with artificial intelligence leader Nvidia (NVDA) and chipmakers leading tech stocks lower. The turn to red comes amid a crucial week of economic and labor market data, led by…

  • Superyacht carrying Mike Lynch sinks, a mother describes her survival

    A 183-foot luxury yacht capsized off the coast of Sicily during a hurricane on Monday. A day later, the disaster is still unfolding, with one person confirmed dead and six of the 22 passengers on board now presumed dead, according to recent reports from The Wall Street Journalto. Among 15…

  • After yacht sinks off Sicily, search continues for six missing By Reuters

    PALERMO, Sicily (Reuters) – Rescue teams in Sicily were preparing to resume the search for six people missing, including British businessman Mike Lynch and his daughter, after a violent storm hit a luxury yacht and it sank on Monday, killing one person on board. The British-flagged 56-metre (184-foot) sailing ship…

  • Tech tycoon Mike Lynch missing after yacht sinks off Sicily, weeks after £8bn fraud acquittal

    Mike Lynch, the British technology entrepreneur who was recently acquitted in a massive £8 billion fraud case, has disappeared after his yacht sank off the coast of Sicily. The incident comes just weeks after Lynch’s stunning legal victory, which saw him acquitted of fraud charges in a US court after…

  • Intensifying Yen Rally Sinks Japan Stocks, Rattles Global Market

    (Bloomberg) — The turmoil in Japan’s financial markets came to a head on Monday, with the yen rebounding about 14% against the dollar from a July low and stocks plunging into a bear market. Yields on benchmark Japanese government bonds fell the most in more than two decades. Most Read…

  • Intensifying Yen Rally Sinks Japan Stocks, Rattles Global Market

    (Bloomberg) — The turmoil in Japan’s financial markets came to a head on Monday, with the yen rebounding about 14% against the dollar from a July low and stocks plunging into a bear market. Yields on benchmark Japanese government bonds fell the most in more than two decades. Most Read…

  • USD/JPY sinks more than 2 full cents after non-farm payrolls

    The USD/JPY pair fell by 217 pips on the day to reach 147.22. The dollar fell to 147.03 in the wake of the nonfarm payrolls report, compared with 149.00 just before the data was released. It is the lowest level since March and erases a big rally in the pair…