The foundation that supports Texas A&M athletics says it is closing a branch set up for donors to support endorsement deals for Aggies athletes

The former head of Brazilian retailer Americanas quit two weeks into the job because he had not expected

By Saqib Iqbal Ahmed NEW YORK Some investors are zeroing in on the battered currencies of commodity-producing countries

Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Bitcoin’s price is crashing dramatically PayPal launches dollar-backed cryptocurrency World’s first ‘superfast’ battery offers 400km range from 10 mins charge

Manchester United fans are often seen with yellow and green scarves as a symbol of protest against the Glazer ownership, but where did they come from?

$44 billion. That's how much Elon Musk acquired Twitter for in October 2022. $1 billion.

Wall Street chiefs seeking to explain recent steep drops in trading revenue have reminded investors how lucrative things

JD.com said its sales for this year’s Singles’ Day shopping bonanza reached “new highs” in transaction volume, order

CUPERTINO, Calif.--(BUSINESS WIRE)--Sep 12, 2023--

By Tatiana Bautzer NEW YORK Morgan Stanley's current CEO James Gorman and incoming CEO Ted Pick spoke with

The Tesla Cybertruck, at least in its first model year, will likely not be available in an inexpensive two-wheel-drive version, a document submitted to government regulators by the company said.

Consumer prices in Argentina have soared 12.4% in August, compared to the previous month, a number that puts the government on the defensive a little more than a month before presidential elections in which a right-wing populist who admires Donald Trump appears the favorite to win