Allan Baxter | Photolibrary | Getty Images Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday. The MSCI Asia Pacific index hit...
Tag: Erases
Alphabet Stock Plunge Erases $100 Billion After New AI Chatbot Gives Wrong Answer In Ad
Topline Shares of Alphabet slipped on Wednesday after reports that promotional material for the Google parent’s new artificial intelligence chatbot contained inaccurate information—adding to con...
Adani Rout Erases Half of Group Value Since Hindenburg Report
(Bloomberg) — Pressure mounted for Indian billionaire Gautam Adani to quickly address concerns over his conglomerate’s financial health as a brutal stock rout wiped out more than half of the val...
Microsoft Erases Gains After Saying Azure Growth to Decelerate
(Bloomberg) — Microsoft Corp. said revenue growth in its Azure cloud-computing business will decelerate in the current period and warned of a further slowdown in corporate software sales, fuelin...
Dow Jones Futures Fall: Microsoft Erases Gains On Weak Guidance; Tesla Earnings On Tap
Dow Jones futures fell after hours, along with S&P 500 futures and Nasdaq futures, as Microsoft (MSFT) guidance overrode better-than-feared earnings. ASML (ASML), Boeing (BA) and Tesla (TSLA) are ...
Dow Jones Dives; Tesla Stock Erases Years Of Gains; These Cathie Wood Buys Plunge
The Dow Jones Industrial Average dived as recession fears rose on new data. Tesla (TSLA) is at multiyear lows after a shocking plunge. A number of new Cathie Wood buys were getting battered. Microsoft...
US Dollar Erases More Than Half of This Year Gains on Fed Rate Bets
(Bloomberg) — The US dollar has erased more than half of this year’s gains amid growing expectations the Federal Reserve will temper its aggressive rate hikes, and as optimism grows over China’s...
Crypto Erases Gains, FTX Token Slips Further on Bankruptcy News
On news that the carnage in the crypto space will impact far more than one exchange, tokens slipped Friday, and FTX coin led the decline following news of the firm’s bankruptcy. FTT has tanked around...
Solana erases its ‘Google rally’ gains but a 50% SOL price recovery is still in play
A recent price rally in the Solana (SOL) market ran out of steam midway as traders’ attention shifted to crypto-focused hedge fund Alameda Research’s insolvency rumors. Alameda Research insolvency rum...
Alleged rug pull Freeway halts crypto withdrawals, erases execs
Freeway, the UK-based crypto platform that offered users up to 43% yield via so-called “Supercharger simulations,” has been branded a “$100m+ rug” after it halted all withdrawals and removed informati...
XRP Erases 20% from Recent Gains, Here’s What Might Come Next
The crypto market saw another selling bout as investors awaited the U.S. consumer price index data on Thursday, which is expected to remain persistently high. At the time of publication, XRP was chang...
Stock Market Erases Morning Gains On Russian Pipeline Retaliation
The major stock market indexes relinquished morning gains in afternoon trading on Friday, dropping to lows for the day. Market players hit the exits on news that Russia will suspend natural gas pipeli...
Bitcoin erases latest gains with BTC price back below $20K as dollar spikes
Bitcoin (BTC) fell back below $20,000 after the Aug. 30 Wall Street open as data showed hodlers selling at a loss. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView June lows look increasing...
Bitcoin Erases Last Week Gains As Price Sinks Below $20,000
According to CoinGecko, the most prominent cryptocurrency in the world plummeted by 3.5% in the last 24 hours. Bitcoin gave up all of its gains from last week as it fell below $20,000. BTC’s price on ...
Philippines’ Monde Nissin Loses Two Billionaires As Two-Day Stock Rout Erases $436 Million In Market Value
Betty Ang is a cofounder of Monde Nissin. Courtesy of Monde NIssin Betty Ang, the cofounder of Monde Nissin—the Philippines’ largest instant noodle maker—and company chairman Hartono Kweefanus have lo...
Tesla Stock Plunge Erases $75 Billion In Value After Elon Musk Flags ‘Super Bad Feeling’ About Economy
Topline Tesla shares plummeted Tuesday after CEO Elon Musk reportedly told executives he needed to scale back hiring and cut jobs due to growing concerns over the economy, adding to worries about the ...
Tesla Stock Plunge Erases $65 Billion In Value After Elon Musk Flags ‘Super Bad Feeling’ About Economy
Topline Tesla shares plummeted Tuesday after CEO Elon Musk reportedly told executives he needed to scale back hiring and cut jobs due to growing concerns over the economy, adding to worries about the ...
ETH Price Erases Recovery Gains Towards $2,000
ETH price witnessed a sharp reversal from the session’s tops on Monday. The recent price action pull down the second-largest cryptocurrency to the coveted $2,000 mark. It briefly fell below the mentio...
Terra Erases 12 Months Bullish Gains with 94% Drop in Value
The Terra community is almost in disarray as the ecosystem’s two flagship tokens, including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen. While ...
Disney erases after-hours gains despite subscriber beat, Q2 earnings miss estimates
Editor’s Note: This post is breaking and will be updated Disney (DIS) reported second quarter financial results after the bell on Wednesday that missed on both the top and bottom lines, although...
Nasdaq 100 Rout Erases $1.5 Trillion in Market Value in 3 Days
(Bloomberg) — Three days of heavy selling in technology stocks has erased about $1.5 trillion in market value from the Nasdaq 100 Index. Most Read from Bloomberg The tech-heavy benchmark sank 4%...
Amazon Stock Erases $210 Billion In One Day After Inflation Triggers Surprise Loss And ‘Ugly’ Selloff
Topline Shares of Amazon collapsed Friday after the e-commerce monolith reported worse-than-expected earnings spurred by high inflation and lingering supply chain constraints, pushing the stock down m...
Amazon Stock Erases $184 Billion In Value After Inflation Triggers Unexpected Loss And ‘Ugly’ Selloff
Topline Shares of Amazon collapsed Friday after the ecommerce monolith reported worse-than-expected earnings spurred by high inflation and lingering supply chain constraints, pushing the stock down mo...
Dogecoin Erases Elon Musk-Driven Gains
Alex Dovbnya Dogecoin has plunged more than 10%, underperforming other cryptocurrencies The price of Dogecoin, the largest meme coin, has plunged by more than 13% over the past 24 hours, according to ...
Oil Erases Gain With Volatile Market Focused on Next EU Moves
(Bloomberg) — Oil erased an earlier gain in choppy trading as the European Union weighs a possible ban on Russian crude imports, though some key members remain opposed to such a move for now. Mo...
Bitcoin Erases Gains, Dashing Hopes of Quick Recovery
Alex Dovbnya Bitcoin’s recent recovery ended up being short-lived, with the largest cryptocurrency slipping back below the $40,000 level Bitcoin, the largest cryptocurrency, has once again printed the...
Moderna Erases $52 Billion in Value as Rout Deepens to 50%
(Bloomberg) — Moderna Inc.’s shares have dropped 50% this year as investors pulled back from Covid-19 healthcare stocks and staged a broader rotation out of growth names. Most Read from Bloomber...
Terra’s Anchor Protocol erases ‘crypto winter’ losses, ANC price rebounds 300% in a month
Anchor Protocol (ANC), the decentralized finance (DeFi) platform built on the Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26. ANC price went as high as...
Bitcoin Tumbles As Crypto Market Plunge Erases $150 Billion—But ‘Worst May Be Ahead’
Topline The price of bitcoin tumbles below $40,000 for the first time in two weeks on Friday as the threat of a Russian invasion of Ukraine continued to drive a broad market selloff, leading some anal...
Terra, Solana, XRP Struggling to Recover as Bitcoin Erases Recent Gains
Alex Dovbnya The cryptocurrency market is once again in limbo after Bitcoin’s failed recovery The cryptocurrency market is in the doldrums following Bitcoin’s most recent bout of high volatility. S...
Crypto Crash Erases More Than $1 Trillion in Market Value
(Bloomberg) — For Bitcoin, there’s only been one constant recently: decline after decline after decline. And the superlatives have piled up really quickly. Most Read from Bloomberg With the Fede...