Category: slump
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Stocks Rebound From Global Slump, Treasuries Fall: Markets Wrap
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(Bloomberg) — Calm returned to markets as investors looked for bargains after a selloff in global stocks on Monday that peaked after three weeks of losses of about $6.4 trillion. Bond prices also fell. Most Read from Bloomberg S&P 500 futures suggested a recovery could be on the way after…
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Bitcoin mining stocks end the week in a slump
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Many U.S.-based cryptocurrency mining stocks are reflecting Bitcoin’s weakness and trading lower at the end of the week. At the time of writing, Hut 8’s stock price is down 11.2% to $12.34 per share. CleanSpark’s stock is now trading at $13.35 per share, down 11.35%, while Riot Platforms’ stock is…
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Intel’s Sales Slump Shows Price of Falling Behind in AI Race
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(Bloomberg) — Intel Corp. shares fell more than 19% after delivering a slew of dizzying news, including a bleak growth outlook and plans to cut 15,000 jobs, in the latest sign the chipmaker is ill-equipped to compete in the age of artificial intelligence. Most Read from Bloomberg The company said…
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Lufthansa sees earnings slump in third quarter as costs rise By Reuters
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By Ilona Wiesenbach, Joanna Plosinska, and Rachel Moore BERLIN/LONDON (Reuters) – Lufthansa warned on Wednesday of a drop in third-quarter profit as the German airline group faces higher wage costs and pressure on ticket prices, pointing to tougher market conditions in the aviation sector. Airfare prices in Europe and Asia…
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Manufacturing posts largest loans slump of Sh39 billion
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Kenya’s manufacturing sector has been the hardest hit by the slowdown in private sector credit caused by higher commercial bank lending rates and rising non-performing loans. Total credit to the sector declined by Sh38.8 billion to Sh597.9 billion in the three months to end-March from Sh636.7 billion in December 2023.…
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SunPower Shares Slump Amid Financial Misconduct Allegations
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(Bloomberg) — SunPower Corp. shares posted their biggest drop in seven weeks after the troubled company’s accountant resigned amid allegations of misconduct by top executives. Most Read from Bloomberg The company’s shares fell about 18%, their biggest daily drop since May 15, and were trading at $2.20 at 12:58 p.m.…
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Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst
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Ethereum, the second largest cryptocurrency by market cap, has seen a significant drop in value recently. Over the past month, its price fell by 15%, raising concerns among investors about the future of this digital asset. The current situation raises questions about whether this decline indicates a prolonged decline or…
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India digital currency transactions slump after reaching initial central bank target, sources say By Reuters
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Written by Jaspreet Kalra MUMBAI (Reuters) – Use of India’s digital currency, the e-rupee, has fallen to a tenth of its December peak, four sources said, reflecting the difficulties many countries have faced trying to rally public support for digital currencies. The Reserve Bank of India began a pilot of…
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Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
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Ethereum price struggled to rise above the $3,550 resistance level and pared gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 area. Ethereum trims gains from $3,550 resistance area. The price is trading below the $3,500 level and the 100 hourly simple moving average. There is a major…
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Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
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Ethereum price struggled to rise above the $3,550 resistance level and pared gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 area. Ethereum trims gains from $3,550 resistance area. The price is trading below the $3,500 level and the 100 hourly simple moving average. There is a major…
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Southeast Asia hit with dealmaking slump, with 39% drop in PE deal value in 2023
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Private equity investments It is being reduced Around the world, as “higher for longer” interest rates and uncertain global growth have dampened investors’ appetite for risk, Southeast Asia, which just a few years ago was seen as an emerging hotspot for the digital economy, is no exception. A new report…
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Coinbase Bears The Brunt Of Supreme Court’s Dogecoin Verdict, DOGE Suffers 4% Slump
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In a recent ruling that may have implications for the cryptocurrency industry, the US Supreme Court unanimously sided against US-based cryptocurrency exchange Coinbase, over the 2021 Dogecoin (DOGE) coin. the lottery He disputes. the Court decisionJudge Ketanji Brown-Jackson rejected Coinbase’s argument that a ruling against it would lead to legal…
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Coinbase Bears The Brunt Of Supreme Court’s Dogecoin Verdict, DOGE Suffers 4% Slump
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In a recent ruling that may have implications for the cryptocurrency industry, the US Supreme Court unanimously sided against US-based cryptocurrency exchange Coinbase, over the 2021 Dogecoin (DOGE) coin. the lottery He disputes. the Court decisionJudge Ketanji Brown-Jackson rejected Coinbase’s argument that a ruling against it would lead to legal…
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Adidas plots to swerve Samba slump By Reuters
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Written by Helen Reid LONDON (Reuters) – As Adidas (OTC:) aims to build on growing demand for its black-and-white Samba three-stripe sneakers and multicolored Gazelle sneakers, it is also taking steps to prevent the shoes from becoming a victim of its own success. The German sportswear giant has ramped up…
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BlackRock’s Spot Bitcoin ETF Sees First Outflows Amid BTC Price Slump
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Bitcoin exchange-traded funds (ETFs) in the United States recently observed a noteworthy trend, marked by a period of six consecutive days of outflows. Notably, BlackRock’s IBIT ETF experienced its first case of outflows just yesterday. This development coincides with Bitcoin going through its most challenging month since the aftermath of…