Stock sell-off intensifies as new 10% drop approaches
The S&P 500 index will fall even more According to respondents in the latest MLIV Pulse survey, the S&P 500 flirted with bear market territory last week, losing more than…
Amazon’s biggest drop since 2006
The company lost $206 billion. Amazon.com Inc.’s stock plummeted on Friday, losing one of the worst market values in Wall Street history after the company’s forecast was deemed dismal. The…
Chinese tech stocks bounce back
Beijing resumes market support policy After weeks of severe selling, technology companies prompted a comeback in Chinese markets, as Beijing’s promise of greater development drew some buyers. The surge coincided…
Bitcoin drops the most in a month
Bitcoin Reflects Falling Stocks Bitcoin plummeted for the fourth day in a row as investors shied away from riskier assets in anticipation of the largest jump in US interest rates…
Gold rises ahead of possible sanctions against Russia
The US and the EU are close to an agreement to reduce dependence on Russian energy resources Gold’s appeal is increasing as investors anticipate further penalties against Russia, which might…
Tencent and Alibaba lost $1 trillion cost last year
Two giants account for half of Hang Seng Tech’s losses Since the sell-off of Hong Kong shares began 13 months ago, Tencent Holding Ltd. and Alibaba Group Holding Ltd., the…
VC Firm Index Ventures suspends investments in Russia
Deals with investors linked to the Russian regime are excluded Index Ventures has announced that it will cease investing in Russian enterprises indefinitely, indicating that the corporate boycott of Ukraine’s…
Bitcoin falls below $40,000, cutting profits
Bitcoin wiped out most of yesterday’s gains On Thursday, the top cryptocurrency plummeted below $40,000, wiping off all of the previous day’s gains fuelled by excitement about US President Joe…
McDonald’s and Coca-Cola suspend work in Russia
Large companies leave the Russian market McDonald’s Corp., Coca-Cola Co., and Starbucks Corp. have temporarily halted operations in Russia due to growing public outrage over the invasion of Ukraine. Iconic…
Samsung suspends deliveries of phones to Russia
Samsung has a larger market in Russia than Apple Due to current geopolitical developments, Samsung Electronics Co. has suspended product delivery to Russia, joining a growing number of firms like…