Concerns about the outlook for online advertising Author of the article: Bloomberg News Ryan Vlastelica, Subrat Patnaik and Abhishek Vishnoi Snap Inc plummeted as much as 30 per cent in premarket trading. Photo by Michael Nagle/Bloomberg U.S. social-media giants were poised to see more than US$76 billion wiped off their stock-market values Friday after disappointing… Continue reading ‘Awful’ Snap sales just wiped $76 billion off social media stocks
Stock Market Today: Stocks’ Momentum Stalls After Shocking Snap Earnings | Kiplinger
Stock Market Today The Snapchat parent posted its slowest quarterly revenue growth on record and said it plans to cut back on hiring.The Nasdaq’s impressive multi-day winning streak came to a screeching halt on Friday as a negative earnings reaction for social media stock Snap (SNAP, -39.1%) weighed on the broader tech sector. The parent… Continue reading Stock Market Today: Stocks’ Momentum Stalls After Shocking Snap Earnings | Kiplinger
How to Invest in the $10B Shoe Resale Market | Kiplinger
wealth creation For many, sneakers aren’t a casual shoe to cover your feet. They’re a dead-serious investment opportunity.Celebrity stylist and acclaimed sneakerhead Tyrina Lee was sifting through hundreds of shoeboxes when she came across one of her favorite pairs of all time: the Off-White x Air Jordan 2s. Lee has been a personal stylist for… Continue reading How to Invest in the $10B Shoe Resale Market | Kiplinger
US stocks drop with Nasdaq down 2% as Snap earnings disaster sends shockwave through tech sector
Nasdaq led stock market declines on Friday, falling nearly 2% after Snap reported earnings.Snap’s disastrous results sent a shockwave through the tech sector as investors worry about the state of online advertising.The decline in tech stocks on Friday came even as the 10-year US Treasury yield fell considerably. Loading Something is loading. US stocks fell… Continue reading US stocks drop with Nasdaq down 2% as Snap earnings disaster sends shockwave through tech sector
GEM, a Leading Green Enterprise in China, will land on the Swiss Exchange
, /PRNewswire/ — GEM (stock code: 002340), a company listed on the Shenzhen Stock Exchange, announced that on June 22, 2022, that the China Securities Regulatory Commission (CSRC) gave its approval for the company to issue global depository receipts (GDR) and to be listed on the Swiss Exchange (SIX). On July 20, 2022, SIX approved GEM… Continue reading GEM, a Leading Green Enterprise in China, will land on the Swiss Exchange
The missing founders of bankrupt crypto fund Three Arrows are reportedly setting up shop in Dubai, and describe the high-profile collapse of the firm as ‘regrettable’
The founders of Three Arrows Capital told Bloomberg are possibly setting up offices in Dubai. Earlier in July, liquidators said they could not locate the founders to facilitate bankruptcy proceedings. “We feel that it’s just the interest for everyone if we can be physically secured and keep a low profile,” Su said. Loading Something is… Continue reading The missing founders of bankrupt crypto fund Three Arrows are reportedly setting up shop in Dubai, and describe the high-profile collapse of the firm as ‘regrettable’
Ether has rallied 50% over the last month, blowing past bitcoin’s gains, ahead of ‘merge’ for Ethereum 2.0
Ether has soared 50% over the last month, while bitcoin is up about 16% in the same stretch. Enthusiasm has been building around ethereum’s so-called merge, which could happen in September. Ethereum cofounder Vitalik Buterin has voiced his support on Twitter for proof-of-stake protocols for cryptocurrencies. Loading Something is loading. Over the last month, ether… Continue reading Ether has rallied 50% over the last month, blowing past bitcoin’s gains, ahead of ‘merge’ for Ethereum 2.0
Investors are dumping Chinese bonds at a record pace as sell-off extends to a 5th straight month
Foreign investors parted with $8.3 billion in Chinese sovereign bonds last month. That’s the most since 2014, when Bloomberg began tracking the data from official sources. The bond sales in June also marked the fifth consecutive month that global investors dumped Chinese debt. Loading Something is loading. Foreign investors slashed their holdings of Chinese sovereign… Continue reading Investors are dumping Chinese bonds at a record pace as sell-off extends to a 5th straight month
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