(Bloomberg) — Stocks in Asia fell after US equities dropped for a second day and Treasuries slid as investors began to adjust for the prospect of higher interest rates as the Federal Reserve bat...
Tag: sours
DeFi protocol Umami Finance sours as CEO goes rogue and core team quits
A dramatic week has resulted in the mass-resignation of Umami Finance’s core team and a crash in the price of the UMAMI token, as the project’s ex-CEO allegedly dumped his token holdings. Umami Financ...
Appetite for Risk Sours on Covid Zero in China: Markets Wrap
(Bloomberg) — Appetite for risk taking slumped as trading got underway Monday, sending the dollar higher and US equity futures lower after China affirmed its Covid-Zero policy stance. Most Read ...
Chinese E-Commerce Companies Suffer as Economy Sours
Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce com...
Portugal`s crypto environment sours as banks shut exchange accounts
The crypto economy in Portugal has hit a new low. Some of Portugal’s major banks have shut the bank accounts of digital-currency exchanges. One of Europe’s most crypto-friendly locations may be dealt ...
What’s next for Bitcoin as market sentiment sours?
Recent market volatility pushed Bitcoin below $20,000, marking the first time in its history it had sunk lower than the previous cycle peak. Since November 2021, Bitcoin has shown sporadic signs of we...
GM and Ford Get Double Downgrades to Sell. Wells Fargo Sours on EVs.
Text size Ford F-150 Lightning electric truck Courtesy of Ford The auto industry is all-in on electric vehicles. Wells Fargo isn’t so sure that’s a great idea. Wednesday evening, analyst Colin Langan ...
Galactic sours amid improved Q4 earnings – Does it hold a bright future?
Virgin Galactic Holdings, Inc. (NYSE:SPCE) stock held close to the more than 2-year low of $8.21 on Thursday. The bottom low reflected dampened sentiment as investors rushed for safe havens in the wak...