US stocks attempted a rebound on Tuesday after suffering a two-day sell-off that sent the S&P 500 to a one-year low.Risk assets from bitcoin to stocks bounced in early Tuesday trades as interest rates fell considerably.First-quarter earnings results continue to roll-in, and so far 77% of companies that have reported so far have beat profit… Continue reading US stocks attempt to rebound after huge sell-off that sent S&P 500 to lowest level in a year
Peloton crumbles 20% to a record low after third-quarter earnings miss reveals a ‘thinly capitalized’ company
Peloton stock plunged as much as 20% to a record low on Tuesday after it missed fiscal third-quarter earnings estimates.The company also offered fourth-quarter revenue guidance that was well below analyst estimates.”We finished the quarter with $879 million in unrestricted cash and cash equivalents, which leaves us thinly capitalized for a business of our scale,”… Continue reading Peloton crumbles 20% to a record low after third-quarter earnings miss reveals a ‘thinly capitalized’ company
Crypto Snack is pleased to announce that they have signed a sponsorship deal with the prestigious La Liga football club RCD Espanyol
Partnering with Crypto Snack, RCD Espanyol will become the FIRST La Liga club to accept payments in cryptocurrencies next season, bringing the efficiency of digital assets further into the world of sports. BARCELONA, Spain, May 9, 2022 /PRNewswire/ — Next season, Espanyol fans will be able to buy tickets, merchandise, and food/beverages with SNACK, Bitcoin, Ethereum… Continue reading Crypto Snack is pleased to announce that they have signed a sponsorship deal with the prestigious La Liga football club RCD Espanyol
MicroStrategy falls 16% as bitcoin inches closer to its margin call level of $21,000
MicroStrategy stock fell 16% to its lowest level since 2020 as bitcoin’s bear market continues.Bitcoin has fallen 18% over the past week to below $33,000, inching closer to MicroStrategy’s margin call levels.MicroStrategy could be forced to sell some of its bitcoin if the crypto drops below $21,000. Loading Something is loading. MicroStrategy fell 16% on… Continue reading MicroStrategy falls 16% as bitcoin inches closer to its margin call level of $21,000
US stocks continue to sell off as the 10-year yield stays above 3%
US stocks fell again on Monday as the 10-year Treasury retreated but stayed above 3%. The Nasdaq led the market lower as tech stocks like Meta Platforms, Amazon, Netflix, and Apple all fell more than 2%. Rivian plunged 19% early Monday as investors sell shares with the EV-maker’s lock-up period expiring. Loading Something is loading.… Continue reading US stocks continue to sell off as the 10-year yield stays above 3%
An EU ban on Russian oil would be a ‘seismic shift’ that erases 3 million barrels a day from the market, a top forecaster says
Russian crude oil exports to the EU are set to drop by as much as 3 million barrels per day, according to Rystad Energy. The consultancy said the EU’s plans to ban Russian oil would mark a “seismic shift” in global energy markets. Rystad said Russia would try to ramp up sales to Asia but… Continue reading An EU ban on Russian oil would be a ‘seismic shift’ that erases 3 million barrels a day from the market, a top forecaster says
The S&P 500 could fall another 28% before this historic sell-off is over and markets start bouncing back, BofA says
US stocks have further to fall even after a steep decline this week, Bank of America said Friday. The Nasdaq this week fell 5% in one session as investors grapple with tighter Fed monetary policy. Based on previous bear markets, the bank foresees the decline in stocks ending in October 2022. Loading Something is loading.… Continue reading The S&P 500 could fall another 28% before this historic sell-off is over and markets start bouncing back, BofA says
3 experts break down why Russia is set to lose its status as a top global oil power under an EU embargo: ‘It could surely cripple the Russian oil and gas industry’
An oil embargo from the European Union could severely damage Russia’s global standing and oil production. “An EU embargo on Russian energy would surely cripple the Russian oil and gas industry,” a top oil analyst told Insider. Three experts broke down what could happen next, and Moscow’s role as a premier oil power in the… Continue reading 3 experts break down why Russia is set to lose its status as a top global oil power under an EU embargo: ‘It could surely cripple the Russian oil and gas industry’
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