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“Dow drops 1,000 points after Target reports weak earnings” The Dow plunged by more than 1,100 points, suffering it worst day since 2020, as big retailers reported their profits are getting crushed by inflationary pressures. The S&P 500 fell by 4% on Wednesday and the Nasdaq shed nearly 5% as investors reacted to a weak…
“Dow up, but stocks on track for 6th straight losing week” Wall Street found some relief on Friday as major stock indexes bounced from a brutal week of selling — but markets still ended lower for the sixth consecutive week. Rattled by a surprisingly stiff monthly inflation number and a cataclysmic selloff in cryptocurrencies this…
” 3 reasons why Cardano can sink further despite ADA price bouncing 58% “ Cardano (ADA) pared a big portion of the weekly losses incurred during this week’s crypto market rout. ADA’s price reached an intraday high of $0.60 on May 13, a day after rebounding from its week-to-date low of $0.38 — a 58%…
” Bitcoin gains superior to stocks in the long term, economist says “ The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe the better return opportunities of crypto versus stocks, according to several industry executives. This week, the crypto market saw one of its biggest sell-offs ever, with the…
“Dow, Nasdaq slide on fears of prolonged inflation” Stocks ended a whipsaw session lower as worries that inflation, while it might have peaked, will remain at elevated levels and could provoke increasingly aggressive policy tightening from the Federal Reserve. The Dow plunged more than 500 points in late afternoon trading before recovering as all three…
” Nasdaq partners with XP to launch cryptocurrency exchange in Brazil “ XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody. XP stated that the…
“Bitcoin sinks below $33K to lowest price since July 2021” The price of bitcoin plunged below $33,000 on Monday – a downturn that has coincided with a sustained losing streak for US stocks as the market brace for the possibility of a recession. Bitcoin was down about 5% to approximately $32,934 as of 9 a.m….
“Dow falls 500 points as jobs report fuels rate-hike worries” Another selloff hit Wall Street on Friday as robust US jobs numbers stoked investor fears that the Federal Reserve will impose bigger rate hikes in the coming months to tame surging inflation. The latest jobs report indicated that employers added 428,000 people to their payrolls…
“Stock market troubles could get worse, Bank of America warns” The worst may still be yet to come for stocks – even after leading exchanges suffered their worst day of the year as anxiety mounts that the Federal Reserve’s plan to combat inflation will result in a recession. The Dow Jones Industrial Average plunged more…
” Bitcoin’s rocky road to becoming a risk-off asset: analysts investigate “ May 5th was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7% while the NASDAQ slipped over 5%. Many hoped for capitulation in the trade and crypto markets, and although the short-term outlook for Bitcoin…