(Bloomberg) — The US Treasury Department is on the cusp of once again having to slash the amount of Treasury bills floating around, potentially creating ripples in funding markets as investors c...
Tag: Slashed
Riot Blockchain Bitcoin Mining Revenue Slashed by 25% in Q3 2022
Bitcoin mining firm Riot Blockchain Inc. has claimed losses worth more than $30 million in its Q3 financial report, Most mining firms have suffered as Bitcoin remains in the $20,000 zone. Riot Blockc...
These Crypto Companies Slashed Their Workforce Since the Market Crash in April
In the aftermath of the crypto winter, which erased billions of dollars from the industry after last year’s rally to an all-time high, many firms have significantly reduced their headcounts over the p...
Tether’s commercial paper holding slashed to under $50 million
Join Our Telegram channel to stay up to date on breaking news coverage Tether has recently seen a number of important changes, including the efforts to become more transparent, an increase in the numb...
20 Ethereum Validators Slashed in Three Hours: Reasons
Vladislav Sopov Novel Ethereum (ETH) blockchain on proof of stake (PoS) witnessed its first massive slashing event Contents 20 Ethereum (ETH) validators penalized in three hours Who are Ethereum (ETH)...
GPU Prices To Be Significantly Slashed By AMD And Nvidia In September, Grapevines Say
GPU from AMD and Nvidida are about to sell like hotcakes. Or, will they? AMD and Nvidia are said to be reducing the prices of their graphics processing units (GPUs) further in order to liquidate any r...
CRM Stock Falls As Revenue Outlook Slashed Amid $10 Billion Buyback
Salesforce (CRM) on Wednesday reported July-quarter earnings that fell from a year earlier but topped Wall Street targets. The company lowered its fiscal 2023 revenue outlook while announcing its firs...
Zoom stock slashed by Citi amid ‘new hurdles to sustaining growth’
Citi doesn’t like what it sees ahead of Zoom’s Aug. 22 earnings report. The investment bank’s tech analyst Tyler Radke slashed his rating on Zoom stock to Sell from Neutral on Tuesda...
DeFi Protocol Curve.Finance Slashed by Hackers
Defi News Over $573,000 was stolen as the result of a front-end website exploit. Curve.exchange appeared to be unaffected by the hack. The decentralized (DeFi) protocol Curve.Finance has been the new...
Mutant Ape Yacht Club (MAYC) Sales Slashed by $230 Million Creating New Higher-Low
Mutant Ape Yacht Club (MAYC) was among the digital collectibles hit hard by the lack of investor interest for non-fungible tokens (NFTs) in July. MAYC is the fourth highest selling NFT by all-time sa...
Nvidia Stock Sinks as Revenue Estimate Misses, Gross Margin Outlook Slashed
Text size Nvidia stock has declined 10% this year, while the Nasdaq Composite has fallen 18%. Justin Sullivan/Getty Images Nvidia shares plunged after the chip manufacturer shared preliminary financia...
Walmart’s slashed profit outlook sends consumer health warning
Shares of retailers including Macy’s, American Eagle and Amazon fell Tuesday, a day after Walmart slashed its profit forecast and warned that surging prices for food and gas are squeezing consum...
BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection
The biggest bear on Wall Street: BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection With the market trading s...
Baidu’s robotaxi can drive without a steering wheel, car price slashed
Baidu unveiled on July 21, 2022, the sixth generation of its self-driving electric car built for ride-hailing rides — at a cost nearly 50% below that of a model announced last year. Baidu BEIJING — Ch...
Here’s Why This Analyst Slashed Block’s Price Target By 38% Ahead Of Its Q2 Results
RBC Capital Markets analyst Daniel R. Perlin reiterated Outperform rating on Block, Inc (NYSE: SQ), slashing the price target from $147 to $91, given the market’s re-rating of high-growth stocks...
Otherside NFT Sales Slashed by More Than $900 Million to Reach 2022 Low
Otherside NFT sales have experienced a substantial decline in sales volume due to the effects of an overall bearish crypto market. Otherside has climbed into the top-10 rankings with regards to the bi...
Half of Provo home-sellers just slashed their asking price—these 19 housing markets aren’t far behind
Even in a hot housing market, it’s commonplace for some sellers to cut their list price. A seller might decide they want to test the market’s limits only to learn they got a bit too greedy...
Tether Market Cap Slashed by More Than $10B in May
Tether (USDT) lost its peg to the dollar during the steep decline in the prices of cryptocurrencies in May, leading to a substantial drop in the market value of one of the most used stablecoins. Tethe...
Shiba Inu (SHIB) Market Cap Slashed by More Than $5B in May
Shiba Inu (SHIB) plummeted during the crypto market crash of May and this led to a significant decline in the market value of one of the most popular meme-inspired currencies. Shiba Inu remains the se...
Ark Invest CEO Cathie Wood’s Net Worth Slashed By 65% As Tech Bets Sour In 2022
Ark’s flagship ETF is crashing but Wood is doubling down, increasing her stake in her firm and betting on tech outfits like Tesla, Zoom and Coinbase to eventually rebound. Cathie Wood became a cult he...
Ethereum (ETH) Market Cap Slashed By More than $100 Billion in May
Ethereum (ETH) tumbled during the crypto market crash of May and this led to a substantial decrease in the market value of the first smart contracts-backed blockchain technology. Ethereum remains the ...
Europe Car Sales Forecasts Slashed Again, But Global Supply Improvements Promise Relief
Containe ships, Shanghai getty As European short-term car sales forecasts are slashed again because of China and Russia, investors worry that by the time supply chain horrors have subsided, underlying...
SoftBank Execs’ Pay Slashed After Historic Vision Fund Loss
(Bloomberg) — SoftBank Group Corp.’s top executives saw steep cuts in their paychecks as the Japanese conglomerate marked a historic loss for its Vision Fund unit. Most Read from Bloomberg The c...
Google Trend Data for ‘NFT’ Shows Global Interest Slashed by 70%
The crypto market crash of 2022 has led to decreased investor interest in digital collectibles by the global NFT population. Interest in non-fungible tokens (NFT) has dropped to new high lows in May ...
Crypto.com (CRO) slumps 30% as staking rewards are slashed
Crypto exchange Crypto.com announced severe reductions to CRO staking rewards for most tiers of its VISA prepaid card which has forced the token price to fall around 30% in less than a week. Its May 1...
Alibaba, Baidu Estimates Slashed on Covid Lockdowns
(Bloomberg) — China’s technology giants have had their earnings estimates slashed for a second straight month amid the nation’s relentless pursuit of its Covid-Zero strategy. Most Read from Bloo...
Teladoc stock plunges more than 30% after earnings outlook slashed, massive impairment charge
Shares of Teladoc Health Inc. were slammed in after-hours trading Wednesday, after the telemedicine company took an impairment charge of more than $6.5 billion and slashed its full-year outlook. Telad...
Alibaba Stock Stake Slashed by Charlie Munger’s Daily Journal
Text size Charlie Munger attends the annual Berkshire shareholders meeting in Omaha in 2019. JOHANNES EISELE / AFP / Getty Images Daily Journal , which Charlie Munger had served as chairman until rece...
Rite Aid Price Target Slashed By JPMorgan
By Sam Boughedda Investing.com — Rite Aid Corporation (NYSE:RAD) shares rebounded on Friday after tumbling 17% Thursday. The drugstore chain caught a downgrade from Deutsche Bank (DE:DBKGn) and ...
Amazon’s price targets are slashed and stock sinks after first quarterly loss in seven years
Amazon.com Inc. shares sank more than 12% in Friday trading after the e-commerce and tech giant reported its first quarterly loss in seven years. Amazon AMZN, -14.05% fell to the lowest level since Ju...