Category: Tumble
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Shekel sharply weakens as markets tumble
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After reaching its strongest for two years against the US dollar last week, shekels weakened sharply today against both the dollar and the euro. Early in the afternoon, the SHEKEL-Us Dollar exchange rate increased by 1.14 % at 3.616/$, and the Shekel-Euro rate increases by 1.19 %, at 3.796/€ NIS.…
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Chinese stocks tumble in worst start to a year since 2016
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(Bloomberg) — Chinese stocks posted their worst start to a year in nearly a decade as investors brace for economic uncertainties with weaker-than-expected manufacturing data and an expected increase in tariffs. Most read from Bloomberg The CSI 300 Index (000300.SS) closed down 2.9% on Thursday, its biggest decline on the…
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Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns
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This article is also available in Spanish. Investors have expressed concerns about the recent volatility in Bitcoin prices, especially in light of analysts’ expectations of a 20-25% decline in the global M2 money supply. Related reading At $92,864, Bitcoin is down about 9% from its recent high of just under…
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Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns
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This article is also available in Spanish. Investors have expressed concerns about the recent volatility in Bitcoin prices, especially in light of analysts’ expectations of a 20-25% decline in the global M2 money supply. Related reading At $92,864, Bitcoin is down about 9% from its recent high of just under…
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Dow, S&P 500 jump while Nvidia, Alphabet tumble
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US stocks whipsawed Thursday as investors digested Nvidia’s (NVDA) earnings and a more than 6% tumble from Alphabet (GOOG, GOOGL) amid a Department of Justice move to break up its empire. The Dow Jones Industrial Average (^DJI) gained more than 500 points, or 1.2% while the S&P 500 (^GSPC) gained…
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Target sees muted holiday quarter as budget-focused shoppers seek value, shares tumble
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Written by Saviyata Mishra (Reuters) – Target sales for the holiday quarter and earnings fell short of estimates on Wednesday as value-conscious consumers shopped for low-priced basics at rival retailers including Walmart, sending its shares down 18% in pre-market trading. The U.S. retailer now expects similarly flat sales in the…
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Stocks Tumble Most Since August Rout, Oil Slips: Markets Wrap
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(Bloomberg) — Asian stocks fell the most since Aug. 5, tracking a selloff in their U.S. counterparts driven by a sharp drop in Nvidia Corp. Most Read from Bloomberg Shares of Asian chipmakers fell amid renewed concerns about the AI craze, dragging the regional stock index down more than 2%.…
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U.S. stocks tumble as September starts, investors cool on chips By Reuters
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(Reuters) – Wall Street’s main indexes fell on Tuesday, with the S&P 500 falling more than 2% and the Dow Jones Industrial Average falling more than 3%, as investors’ optimism about artificial intelligence faded in a broad market selloff that accelerated after tepid economic data. The Nasdaq and Dow posted…
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USD/JPY tumble continues in drop below 144.00 mark
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USD/JPY Daily Chart The pair has just hit a fresh low for the day at 143.55, threatening a drop of over 2% today alone. This comes as traders are desperate to escape to safety as markets have entered full-blown panic mode. Equity markets have been hammered with the Nikkei down…
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Stocks tumble as the S&P 500 caps off its worst week in 3 months
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Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020.Lucas Jackson/Reuters U.S. stocks closed lower on Friday, marking the S&P 500’s worst week since mid-April. A global IT outage caused by a Crowdstrike update exacerbated Friday’s stock…
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GameStop shares tumble after CEO says store network will shrink By Reuters
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Written by Susan McGee and Priyanka J (Reuters) – GameStop (NYSE:) shares fell on Monday after CEO Ryan Cohen told investors that the video game retailer plans to operate a smaller network of stores, but did not provide details about what it intends to do with its pile of cash.…
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Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager says
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A trader works on the floor at the New York Stock Exchange in New York City, US, March 5, 2020.Andrew Kelly – Reuters The stock market looks poised to fall from its highs, said legendary investor John Housman. The stock market reflects the volatility that preceded the 1929 crash, Housman…
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Magna shares tumble 5% on earnings miss By Investing.com
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Aurora, Ontario – Magna International (NYSE:) Inc. (TSX: MG; NYSE: MGA) reported a significant earnings loss in the first quarter of 2024. The auto supplier reported adjusted earnings per share (EPS) of $1.08, below analyst consensus of $1.25. Despite meeting revenue expectations of $10.97 billion, which was in line with…
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Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…