(Bloomberg) — After months of exhilarating gains as hedge funds piled in and analysts upgraded target prices, Alibaba Group Holding Ltd.’s stock is losing its mojo and leading the decline in Chi...
Tag: Swoon
As Ether, Bitcoin Wilt, Trading Firms Blame Lack of Bullish Catalyst for Market Swoon
Bitcoin, the biggest cryptocurrency by market value, slipped to $18,300, the lowest since June 19, according to CoinDesk data. Meanwhile, ether, the native token of Ethereum’s blockchain, which ...
Summer Swoon Knocks Brewers From Their Perch
Milwaukee Brewers starting pitcher Brandon Woodruff throws during the first inning of a baseball … [+] game against the Chicago Cubs Saturday, Aug. 27, 2022, in Milwaukee. (AP Photo/Morry Gash) ...
Buffett’s Berkshire Pounces on Market Swoon to Buy Equities
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. is following an age-old adage: Buy the dip. Most Read from Bloomberg The conglomerate was a net buyer of equities in the quarter, reporting...
Scaramucci Halts Withdrawals in a Fund After Stock, Crypto Swoon
(Bloomberg) — Anthony Scaramucci’s Skybridge Capital suspended redemptions in one of its funds after sharp declines in stocks and cryptocurrencies, according to people familiar with the decision...
C3.ai Shares Swoon As Guidance Disappoints
Text size C3.ai has had a rough ride in the public market. Dreamstime Shares of the artificial intelligence software company C3.ai are trading sharply lower late on Wednesday, after the company provid...
Bitcoin Flirts With Lowest Level Since 2021 as Equities Swoon
(Bloomberg) — Bitcoin is falling toward levels last seen in July 2021, part of a wider retreat in cryptocurrencies amid a global flight from riskier investments. Most Read from Bloomberg The wor...
Fastly Shares Swoon as Guidance Misses Estimates
Text size Dreamstime Fastly shares are trading sharply lower in late trading Wednesday after the content delivery network operator posted solid results for the fourth quarter, but provided guidance fo...