(Bloomberg) — Equity investors who piled into financial stocks to ride out the harshest Federal Reserve tightening cycle in four decades are getting a reminder that surging interest rates aren’t...
Tag: Hammered
Bitcoin price hammered, cryptocurrencies fall with tech liquidity concerns
Cryptocurrency prices are falling and there may be problems with market liquidity, especially for tech companies, and risk assets. Bitcoin and the crypto marker is under heavy selling pressure as the ...
What is Bitzlato — the Crypto Exchange Hammered Down By US Government ⋆ ZyCrypto
Advertisement     The US Department of Justice (DOJ) announced a successful clampdown on Bitzlato, a major money laundering crypto exchange. Speaking at a press confer...
Miami to escape the home price correction in 2023 while ‘overheated’ housing markets like Austin get hammered, says Goldman Sachs
The Fed’s ongoing inflation fight—which saw mortgage rates spike from 3% to 6% in 2022—has set off the second biggest home price correction of the post-WWII era. On one hand, the 2.4% drop in U....
What Is An Atmospheric River? Here’s Why California Is Getting Hammered With Them
Topline Forecasters warn more severe storms in northern California could trigger excessive flooding and landslides this weekend as another heavy band of rain called an “atmospheric river” is expected ...
Coinbase, MicroStategy Bonds Hammered by Industry Turmoil
Investors drawn to double-digit yields in the convertible bond market should be prepared to raise their risk tolerance, analysts say. Coinbase and MicroStrategy, two crypto-related companies, saw thei...
Fed Rate Hike: Cryptos Hammered As Central Bank Pumps Interest Rates By 0.75 Points
The much-anticipated Fed rate hike is now out and, as expected, dealt a heavy blow to the broader crypto market on Wednesday. The U.S. Federal Reserve increased its policy interest rate by three-quart...
Amazon and Other Growth Stocks Have Been Hammered. Get Ready to Buy.
Text size Amazon shares are down 27% for the year. Mark Makela/Getty Images Growth stocks have been crushed this year, but several indicators point to a recovery soon—and investors should get ready to...
Altcoins Could Get Hammered by Upcoming Regulations, Says Crypto Analyst Benjamin Cowen
Popular crypto analyst Benjamin Cowen says he expects the price of altcoins to go down significantly in the face of imminent regulation on the industry. In a new interview on Digital Asset News, Cowe...
Ethereum (ETH) Could Get Hammered by Macro Conditions, According to Crypto Analyst – Here’s Why
A widely followed crypto analyst says that macro conditions could spell trouble for the leading smart contract platform Ethereum (ETH). In a new video update, DataDash host Nicholas Merten tells his 5...
The Ukrainians Hammered A Russian Air Base 120 Miles From The Front
Tourists react as Saki air base explodes on Aug. 9, 2022. Photo via the Ukrainian defense ministry A Russian air force Il-76 airlifter was rolling down the runway at Saki air base in Russian-occupied ...
Ethereum (ETH) Hammered Down To $950 As Crypto Selloff Deepens
Ethereum (ETH) has fallen below $1,000 for the first time in more than a year as the broader crypto market continues to slide south with no quick remedy in sight, or at least not yet. Ether (ETH) was ...
Unexpected 0.3% decline, hammered by inflation
Retail sales turned negative in May as consumers pulled back spending while inflation surged, the Commerce Department reported Wednesday. Advance retail and food service spending fell 0.3% for the mon...
Lumber prices hammered – could softer demand of houses be the culprit?
Lumber futures are now trading below the $600 per-thousand-board-feet level, which was seen last time in November of 2021. Current lumber prices are down 60% from a peak of $1,480, seen in March, as ...
Walmart Gets Hammered by Worst Drop Since 1987 on Forecast Cut
(Bloomberg) — Walmart Inc. tumbled the most in almost 35 years after cutting its full-year profit forecast due to inflationary pressures, especially in food and fuel. Most Read from Bloomberg Th...
US stocks hammered as bears push Nasdaq to 52-week low
US stocks declined sharply on Tuesday amid investor apathy towards equities, with a huge sell-off in tech stocks among other sectors pushing major indexes into the ground. After trading lower for much...
British Pound Gets Hammered
British Pound vs US Dollar Weekly Technical Analysis The British pound has broken significantly lower during the trading week to slice through the 1.30 level. This is an area that should have been imp...
Why Housing May Not Get as Hammered as Usual in This Rate Hike Cycle
Traditional home buyers are sure to be pinched by rising mortgage rates, but better-financed investors could keep prices rising. Here, a home for sale in Houston last summer. Brandon Bell/Getty Images...
Viatris Stock Hammered After Earnings, Asset Sale| Investor’s Business Daily
Viatris stock tumbled Monday after reporting mixed fourth-quarter earnings and a $3.34 billion plan to sell its biosimilars portfolio to Biocon Biologics. X The Biocon deal includes products expected ...
Home Depot Gets Hammered As Gross Margins Decline Year-Over-Year. Here’s How To Trade The Stock Now.
(Photo by Nicholas Kamm) AFP via Getty Images Home Depot (HD) beat earnings-per-share estimates for the seventh consecutive quarter before the opening bell on February 22. Sales remained strong for ho...
Stocks Are Getting Hammered. Big Money Is Waiting to Buy the Dip.
Text size A scene from the New York Stock Exchange on Monday. NYSE The stock market is down—a lot. The good news is that there is a pile of money waiting in the wings to buy the dip. The S&P 500 ...
A Core Ethereum Stat Hammered to 6 Months Low, as ETH Sink Below $3K
Ethereum market value is being controlled by bears for previous 3 months, professional traders set to chuck up the sponge. Because of delay in network upgrade, aggravating macroeconomics condition, an...
Dow Jones Falls; Ford Stock Passes Milestone, Tesla Gets Hammered; Nvidia Dives Despite This| Investor’s Business Daily
The Dow Jones Industrial Average reversed lower while tech stocks got spanked. Ford Motor (F) passed the $100 billion mark even as Tesla (TSLA) plunged. Nvidia (NVDA) took a dive even as Taiwan Semico...
Twilio Stock Has Been Hammered. 3 Reasons It Could Fall Even More.
Twilio stock was falling Monday after a Jefferies analyst cited three reasons why he has lost confidence in the cloud-based software provider over the near-term. Analyst Samad Samana downgraded shares...