Virgin Australia's IPO executive David Marr resigns
Bain Capital-owned Virgin Australia on Tuesday said its Chief Development Officer David Marr, who was assigned to lead
2023-10-17 16:24
The Apple Watch Ultra is at its lowest price ever, plus more of the best Apple Watch deals this week
UPDATE: Aug. 23, 2023, 5:00 a.m. EDT We've updated this post to reflect the most
2023-08-23 17:26
Trump Acted Illegally to Keep Office, Most Americans Say in Poll
More than half of Americans say former President Donald Trump tried to stay in office though illegal means,
2023-08-07 01:47
US bank profits to drop but industry stable after March crisis -analysts
By Lananh Nguyen, Nupur Anand and Pete Schroeder NEW YORK U.S. bank profits are expected to shrink in
2023-11-17 04:26
Santiago Pena, Paraguay's new president, faces tricky balancing act
By Daniela Desantis and Lucinda Elliott ASUNCION Paraguay's new president Santiago Pena takes office on Tuesday, a clean-cut
2023-08-15 20:48
Power2Drive Europe: Mobile Electricity Storage Systems for Private Homes and Businesses – and for a Stable Power Grid
MUNICH & PFORZHEIM, Germany--(BUSINESS WIRE)--May 25, 2023--
2023-05-25 16:47
Sunak Returns From G-7 to Cabinet Scandal, Migration Disputes
UK Prime Minister Rishi Sunak is arriving back from the Group of Seven summit in Japan facing yet
2023-05-22 07:29
Finland says 'outside activity' likely damaged gas pipeline, telecoms cable
By Anne Kauranen and Terje Solsvik HELSINKI A subsea gas pipeline and a telecommunications cable connecting Finland and
2023-10-10 23:17
Canada banks' quarterly profits seen hit by rising provisions
By Nivedita Balu TORONTO Canada's big banks are likely to wrap up a challenging financial year with another
2023-11-27 19:29
Bitcoin price dramatically crashes amid market worries
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
2023-08-19 21:28
Exclusive-Amazon in talks to become anchor investor in Arm ahead of IPO -sources
By Echo Wang and Anirban Sen NEW YORK Amazon.com is in talks about joining other technology companies as
2023-08-09 06:20
India’s Central Bank Tightens Curbs on Some Consumer Loans
The Reserve Bank of India asked banks to increase buffers for some consumer loans as it seeks to
2023-11-17 12:56
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