Category: Markets

Stock Market Today: Dow Drops, Bitcoin Plunges

Post author By mangakiko
Post date May 12, 2022
No Comments on Stock Market Today: Dow Drops, Bitcoin Plunges

Textsize If the losses hold, the Dow would fall for the sixth day in a row. Ed Jones/AFP via Getty Images The stock market was falling again Thursday, as investors were fretting about the impact of inflation and the Federal Reserve’s monetary policy on the economy. In afternoon trading, the Dow Jones Industrial Average retreated […]

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Markets

Twitter market cap has dropped to $9 billion below Musk purchase price

Post author By mangakiko
Post date May 12, 2022
No Comments on Twitter market cap has dropped to $9 billion below Musk purchase price

The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 3, 2022. Brendan Mcdermid | Reuters As Elon Musk pursues ownership of Twitter, shares of the social media company are dropping, suggesting some concern among investors that […]

Tags Breaking News: Politics, Breaking News: Technology, business news, Elon Musk, Mobile, politics, Social media, Technology, Twitter Inc.

Markets

More than $7 trillion has been wiped out from the stock market this year

Post author By mangakiko
Post date May 12, 2022
No Comments on More than $7 trillion has been wiped out from the stock market this year

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. May 4, 2022. REUTERS/Brendan McDermid

The meltdown of 2022 has wiped out more than $7 trillion in market value from the blue chip stocks in the S&P 500. The index is down nearly 19% since the end of December. The Dow, which fell about 450 points Thursday, is down almost 14% as well. Tech stocks have been hit particularly hard. […]

Tags INVESTING, More than $7 trillion has been wiped out from the stock market this year - CNN

Markets

Volatility in crypto markets to continue for next few months: Expert

Post author By mangakiko
Post date May 12, 2022
No Comments on Volatility in crypto markets to continue for next few months: Expert

Bitwise Asset Management CIO Matt Hougan weighs in as bitcoin plunged, then bounced back on Thursday. Bitwise Asset Management CIO Matt Hougan argued on Thursday that markets are experiencing a macro-driven risk repricing of all risk assets, including bitcoin, which introduces “significant volatility” in the short term. Bitwise Asset Management CIO Matt Hougan warns volatility […]

Markets

Explainer: What are stablecoins, the asset rocking the cryptocurrency market?

Post author By mangakiko
Post date May 12, 2022
No Comments on Explainer: What are stablecoins, the asset rocking the cryptocurrency market?

Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, May 12 (Reuters) – Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a […]

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Markets

Disney sinks despite subscriber beat as analysts mull saturation in streaming market

Post author By mangakiko
Post date May 12, 2022
No Comments on Disney sinks despite subscriber beat as analysts mull saturation in streaming market

Disney (DIS) reported second quarter financial results after the bell on Wednesday that missed on both the top and bottom lines, although net additions for its fledging streaming platform Disney+ came in at 7.9 million, well above estimates of 4.5 million. The surprise upswing caused shares to climb as much as 5% in after-hours trading; […]

Markets

Yellen: Cryptocurrency market turbulence is not a ‘real threat’ to US financial stability.

Post author By mangakiko
Post date May 12, 2022
No Comments on Yellen: Cryptocurrency market turbulence is not a ‘real threat’ to US financial stability.

Treasury Secretary Janet Yellen said Thursday that the turbulence in the cryptocurrency market is not a hazard for the stability of the US financial system. Yellen noted that TerraUSD USTUSD, -50.71% had decoupled from its $1 peg in recent days and the world’s largest stablecoin, tether, was briefly under similar pressure. Other companies in the […]

Markets

High-end Professional Loudspeaker Market is Globally Expected to Drive Growth of USD 1011.88 Million By 2030

Post author By mangakiko
Post date May 12, 2022
No Comments on High-end Professional Loudspeaker Market is Globally Expected to Drive Growth of USD 1011.88 Million By 2030

5 freshmen we can't wait to see in the Oklahoma Sooners Spring Game

The wide adoption of high-end professional loudspeakers for recording and studio broadcasting is propelling the segment’s growth over the projection period. Newark, NJ, May 12, 2022 (GLOBE NEWSWIRE) — As per the report published by MRInsights.biz, the global High-end Professional Loudspeaker market is expected to grow from USD 651.15 million in 2021 to USD 1011.88 […]

Markets

US labor market still tightening; producer price gains moderate

Post author By mangakiko
Post date May 12, 2022
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An “Apply Now” sign stands outside the new Faccia Brutta Bar Pallino looking to hire employees on Newbury Street in Boston, Massachusetts, US, April 27, 2022. REUTERS/Brian Snyder Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims increase from 1,000 to 203,000 Continuing claims drop 44,000 to 1.343 million Producer prices rise […]

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Markets

Augmented Reality Market to Register a Growth Rate of Over 35% by 2030

Post author By mangakiko
Post date May 12, 2022
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Global Data Plc The global Augmented Reality (AR) market size was worth $7 billion in 2020 LONDON, May 12, 2022 (GLOBE NEWSWIRE) — The AR market is expected to grow at a CAGR of more than 35% during the forecast period. Augmented reality is a technology that allows the user to see the real world […]