Category: Business

Cryptocurrency TerraUSD Plunges as Investors Bail

Post author By mangakiko
Post date May 11, 2022
No Comments on Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 2:43 pm ET, it had partially rebounded to about 68 cents in volatile […]

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Business

Coinbase stock plunges again after company reports dismal results

Post author By mangakiko
Post date May 11, 2022
No Comments on Coinbase stock plunges again after company reports dismal results

The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever. Coinbase stock is now down more than 75% this year and is trading nearly 85% below its all-time high price […]

Tags Coinbase stock plunges again after company reports dismal results - CNN, INVESTING

Business

Indexes fall, led by Nasdaq, as inflation data offers little relief to investors

Post author By mangakiko
Post date May 11, 2022
No Comments on Indexes fall, led by Nasdaq, as inflation data offers little relief to investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 11, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US consumer prices slow in April; inflation still high Coinbase falls on Q1 revenue slump, net loss Indexes: Dow down 0.1%, S&P down 0.6%, […]

Tags AMERS, AUTO, BCC, BISV, BISV08, BLR, BNKS, BNKS1, BSVC, CARM, CEN, CMPELC, CMPNY, COMS, COMS08, CYCS, CYCS08, DBT, DEPT, DRV, ECHO, ECON, ELEVA, END, FINS08, FUND, INT, INVBIS, INVBR, INVBR1, INVS08, ITSE, ITSE08, MAILOD, MCE, MDIA, MDIA08, MKTREP, MTNOT, NAME, NETSV, NEWS1, PHNE, phones, PLCY, PUB, PUBL, REP, RET, RETE, RGEN, SHOP, SHOPAL, SOFW, SPCRET, SRCHEN, STX, SWIT, TECH, TECH08, TEEQ, TEEQ08, THE END, TMT, TOPCMB, TOPNWS, TUE, Us

Business

Tesla’s China sales dive 98% in April amid Shanghi lockdowns

Post author By mangakiko
Post date May 11, 2022
No Comments on Tesla’s China sales dive 98% in April amid Shanghi lockdowns

Hong Kong CNN Business — Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no automaker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data from […]

Tags Alternative Fuel Vehicles, Asia, automakers and manufacturing, automotive economic indicators, automotive fuels, automotive industry, automotive industry and environment, Business, business and industry sectors, business figures, China, companies, company activities and management, computer equipment, computer science and information technology, Consumer Products, continents and regions, Coronavirus, diseases and disorders, east asian, east china, economy and trade, Electric Vehicles, Elon Musk, epidemics and outbreaks, health and medicine, Infectious Diseases, life forms, microscopic life, motor vehicles, product development, product innovation, product management, public health, respiratory diseases, sales and selling, Sales Figures, self-driving cars, Semiconductors, Shanghai, Technology, Tesla Inc., viruses

Business

US inflation dips from 4-decade high but still causing pain

Post author By mangakiko
Post date May 11, 2022
No Comments on US inflation dips from 4-decade high but still causing pain

WASHINGTON (AP) — Inflation eased slightly in April after months of relentless increases but remains near a four-decade high, imposing a continuing financial strain on American households. Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday. That was below the 8.5% year-over-year surge in March, which was the highest since […]

Tags AP Top News, Consumer prices, inflation, Prices

Business

EXCLUSIVE Google paying more than 300 EU publishers for news, more to come

Post author By mangakiko
Post date May 11, 2022
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BRUSSELS, May 11 (Reuters) – Alphabet (GOOGL.O) unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. The move to be announced publicly […]

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Business

Stock Market Volatile After Hot Inflation Report, But Apple, Techs Lag

Post author By mangakiko
Post date May 11, 2022
No Comments on Stock Market Volatile After Hot Inflation Report, But Apple, Techs Lag

The stock market remained volatile after the latest inflation report came in higher than expected, but indexes were mainly higher in midday trading. X The Nasdaq composite, which opened down as much as 1.5%, was up less than 0.2%. The S&P 500 reversed higher 1%. The Dow Jones Industrial Average rose 1.1% as IBM (IBM) […]

Business

Nunes unleashes stream of cope after Musk’s Trump remarks

Post author By mangakiko
Post date May 11, 2022
No Comments on Nunes unleashes stream of cope after Musk’s Trump remarks

“Look, we’re very supportive of what Elon is saying,” Nunes said. “The question is, will he accomplish what he’s saying, dealing with all the employees, dealing with all the algorithms. But the goal has been for us, for President Trump, is to give the American people their voice back, and open the internet back up, […]

Business

High inflation points to bigger Social Security COLA in 2023

Post author By mangakiko
Post date May 11, 2022
No Comments on High inflation points to bigger Social Security COLA in 2023

Joe Raedle | Getty ImagesNews | Getty Images Social Security beneficiaries could see another record cost-of-living adjustment in 2023, based on the latest government data showing persistent high inflation. But that increase may not be enough to stop the loss in buying power recipients have experienced over the years, according to a new analysis from […]

Tags business news, Income disparity, inflation, personal debt, personal finance, personal income, personal savings, personal spending, Prices, Retire finances, social issues, Social Security, US Economy, wages and salaries, withdraw

Business

Roblox pops 10% after initial earnings dip

Post author By mangakiko
Post date May 11, 2022
No Comments on Roblox pops 10% after initial earnings dip

A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox were up 10% on Wednesday morning, marking a stark turnaround from an initial 10% plunge Tuesday […]

Tags Breaking News: Technology, business news, earnings, gaming-software, Roblox Corporation, stockmarkets, Technology