(Bloomberg) — Robinhood Markets Inc. and Coinbase Global Inc. took another beating Wednesday as Binance Holdings Ltd.’s bailed on its deal to buy FTX.com, sending another shock through the rattl...
Tag: Rout
Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays – Exchanges Bitcoin News
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60...
Netflix’s Ad Plan Not Enough to Halt Roku’s 78% Stock Rout
(Bloomberg) — Optimism about an ad-supported subscriber tier at Netflix Inc. has recently lifted shares of the video-streaming company off multiyear lows, but that hasn’t translated to Roku Inc....
Chipmaker Rout Engulfs TSMC, Samsung With $240 Billion Wiped Out
(Bloomberg) — Chip-related stocks in Japan, South Korea and Taiwan slumped, contributing to a wipeout of more than $240 billion from the sector’s global market value after the Biden administrati...
China’s $5 Trillion Rout Creates Historic Gap With Indian Stocks
(Bloomberg) — The relentless plunge in China’s stocks has burnished the appeal of their biggest emerging-market rival India, spurring a divergence that’s rarely been seen before. The MSCI India ...
BofA Strategists See Wall Street Rout Forcing Asset Sales
(Bloomberg) — Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America Corp. strategists. Most Read from Bloomberg The NYSE Composite Index...
TRON Showing Hints Of A Major Rebound After A Week Of Rout
Tron (TRX) holders have been on rough terrain since August with the bears dominating the market. The tables might be turning though in favor of the bulls as shown on the charts. TRX bulls hint at a c...
Oil Edges Higher After Rout With Demand Outlook to the Fore
(Bloomberg) — Oil edged higher after a punishing week as traders weighed up the outlook for global demand amid mounting recessionary concerns. Most Read from Bloomberg West Texas Intermediate ro...
Goldman Sachs Warns Stock Market Rout Will Only Get Worse This Year
Topline Stocks continued to sink on Friday as a growing number of investment analysts released grim projections for markets and the economy this year, with some arguing major indexes will plunge deepe...
Wall Street banks on a hunt for tech staff laid-off during crypto rout
After a number of cryptocurrency companies were forced to lay off a large chunk of their workforce as the result of a major crypto market meltdown, the laid-off staff now seem to be in high demand els...
A $3.2 Trillion Option Expiration Seen Worsening Post-CPI Rout
(Bloomberg) — Another wrinkle in a chaotic stock market where everything from the frenetic activity of quant traders to an ever-hawkish Federal Reserve is making investing harder than usual: A l...
Buffeted By Global Headwinds And A Tech Rout, Collective Wealth Drops By A Fifth
Li Xiting China News Service/Getty Images This story is part of Forbes’ coverage of Singapore’s Richest 2022. See the full list here. Singapore’s reputation as a safe haven, burnished during the pande...
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’ – Economics Bitcoin News
Wall Street’s major indexes closed the day in red on Tuesday, alongside cryptocurrencies, and precious metals like gold and silver taking some percentage losses. The leading crypto asset bitcoin dropp...
The Market Is Underestimating Fed Risk Even After Rout, Bank of America Says
(Bloomberg) — A late-summer lull is nowhere to be seen in the stock market, with traders recalibrating their expectations after a blunt warning from the Federal Reserve chief in Jackson Hole. Mo...
BofA’s Corporate Clients Rushed to Scoop Up Shares During Rout
(Bloomberg) — In the grip of the latest equity rout as hedge funds rushed for the exit, one reliable source of market support emerged: Corporate clients at Bank of America Corp. went on a buying...
U.S. stock futures sink following Friday’s Wall Street rout
U.S. stock-index futures plunged Sunday, after Wall Street sank Friday following hawkish comments from Federal Reserve Chairman Jerome Powell that the fight against stubborn inflation would continue, ...
Liverpool FC’s 9-0 Rout Met With Blindness And Hypocrisy
LIVERPOOL, ENGLAND – AUGUST 27: Luis Diaz of Liverpool jumps on goalscorer Roberto Firmino after he … [+] scores during the Premier League match between Liverpool FC and AFC Bournemouth at...
Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.
Now might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a wi...
Asia Hedge Funds Scoop Up Alibaba, Sea After Stock Rout
(Bloomberg) — Some of Asia’s biggest funds more than doubled their positions in Alibaba Group Holding Ltd. and Sea Ltd. in the second quarter after a yearlong rout. Most Read from Bloomberg The ...
Amid an NFT market rout, a gold Bored Ape sells for $1.5 million
A Bored Ape Yacht Club (BAYC) superfan dropped a staggering 777 ETH ($1.5 million) on a Bored Ape non-fungible token (NFT) on Tuesday night. Vis.eth, who describes himself as an investor in his Twitte...
Crypto Rout On Trading Volumes Costs Coinbase $1.1 Billion In Losses
Crypto exchange Coinbase disclosed a $1.1 billion loss on revenue of $803 million in the second quarter, a bigger-than-anticipated loss as investors apprehensive about this year’s volatility in assets...
Thailand Set to Reform Crypto Rules After Market Rout
After Zipmex’s implosion, regulators in Thailand have seemingly had enough and are looking to revamp the laws regulating the country’s cryptocurrency industry. Arkhom Termpittayapaisith, Thailand’s Fi...
Market Rout Was Needed to Tame Euphoria, Says FTX CEO
FTX CEO Sam Bankman-Fried (SBF) believes the worst of the crypto winter is over as long as no macro shocks ensue. If the Nasdaq drops 25%, interest rates continue to increase, and a two-and-a-half-yea...
Biggest Oil Stock ETF Sees Short Sellers Unwind Bets After Rout
(Bloomberg) — Money managers rolled back bets against the biggest exchange-traded fund focused on oil-company stocks, signaling speculation that the price of crude is at least temporarily bottom...
Valkyrie Aims to Raise $30 Million; Is Crypto Investment Rout Over?
Crypto asset manager Valkyrie is set to raise $30 million for its venture capital arm, reported TechCrunch. Valkyrie has reportedly hired Lluis Pedragosa to lead the new Valkyrie Ventures with his inv...
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...
Crypto Rout Deflates Some Web3 Startups Buoyed by Push Into Digital Tokens
The cryptocurrency rout has spread to startups that offer users digital tokens, pushing down digital asset prices and driving away hordes of users. The startups—part of what has been called Web3—allow...
BofA Says Brace for Recession Shock After Worst Rout in 52 Years
(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnet...