Global investors flee China fearing that risks eclipse rewards

But, divesting from China may not be a straightforward choice Author of the article: Bloomberg News Sofia Horta e Costa and Tania Chen A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai, China. Photo by REUTERS/Aly Song//File Photo A growing list… Continue reading Global investors flee China fearing that risks eclipse rewards

Stock Market Today: Netflix’s Epic Crash Clips Nasdaq | Kiplinger

The earnings calendar was front and center Wednesday as a mixed session for the broader indexes was easily overshadowed by a plunge in of Wall Street’s most notable mega-caps. Netflix (NFLX) suffered its worst single-day decline in 18 years – a 35.1% nosedive eroding roughly $55 billion in market value – triggered by the company’s… Continue reading Stock Market Today: Netflix’s Epic Crash Clips Nasdaq | Kiplinger

US stocks closed mixed as massive Netflix sell-off weighs on the Nasdaq

US stocks ended Wednesday’s session mixed, with Netflix’s rout pressuring the Nasdaq.  Netflix lost more than $50 billion in market cap during the trading day after reporting a loss of subscribers in Q1.  Dow industrials pulled out a win as blue-chip companies reported strong earnings.  Loading Something is loading. US stocks closed mixed Wednesday, with… Continue reading US stocks closed mixed as massive Netflix sell-off weighs on the Nasdaq

Weekly NFT sales jump 20% to $246 million. These were the 5 best-selling digital collections.

NFT sales had a breakthrough year in 2021, and over the past 12 months, volume has hit $25 billion.But after nearing $1 billion in a single week in January, NFT sales have slowed amid an ongoing bear market in cryptocurrencies. Loading Something is loading. The cryptocurrency boom over the past few years has helped propel… Continue reading Weekly NFT sales jump 20% to $246 million. These were the 5 best-selling digital collections.

Weekly exports of US oil products hit an all-time high as amid a scramble to replace Russian supply

US oil and petroleum exports hit a record 10.6 million barrels a day in the week ending April 15, new data shows.  The spike reinforces the US’s position as a last-resort energy supplier while sanctions squeeze Russian exports. Additionally, US exports outweighed imports by the largest-ever margin, Bloomberg reported. Loading Something is loading. American oil… Continue reading Weekly exports of US oil products hit an all-time high as amid a scramble to replace Russian supply

Digital World Acquisition could plummet 78% as regulatory scrutiny means it will likely never merge with Trump’s Truth Social media platform, short seller says

Digital World Acquisition fell 9% on Wednesday after Kerrisdale Capital released a short report.Kerrisdale said Digital World could fall 78% on the belief that it will not complete its merger with Truth Social.”DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has… Continue reading Digital World Acquisition could plummet 78% as regulatory scrutiny means it will likely never merge with Trump’s Truth Social media platform, short seller says

Russia faces potential default scenario after using rubles to make payments on dollar bonds, industry group rules

Russia’s attempt to make payments on dollar bonds with rubles constitutes a potential default, a panel ruled.  The Credit Derivatives Determinations Committee called the payment a “potential failure-to-pay event.” The ruling brings Russia to the brink of its first sovereign debt default in a century.  Loading Something is loading. Russia’s attempt to pay for two… Continue reading Russia faces potential default scenario after using rubles to make payments on dollar bonds, industry group rules