US stocks tumble as part of global market sell-off
Hedge fund manager Jonathan Honig of Capitalist Pig advises investors to focus on what’s working in the market right now, and it’s not Big Tech. U.S. stock futures fell sharply on Monday as fears of a U.S. recession caused turmoil across global markets. The Dow Jones Industrial Average fell more than 700 points, Nasdaq futures […]
stocks selloff, dow, S&P, Nasdaq, jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. U.S. stocks are on their worst run since 2022 as a series of weak economic reports has fueled investor concern that a recession is on the way. All three major […]
Diamondbacks acquire A.J. Puk in trade as Marlins renew sell-off
The Marlins resumed their sales plans just before the trade deadline. Miami traded pitcher AJ Puk to the Diamondbacks in exchange for prospects Davison de los Santos and Andrew Pinter. ESPN’s Jeff Passan first reported the news.. Corner infielder De Los Santos was Arizona’s No. 14 prospect, and outfielder Pinter was No. 30. According to […]
Lynx: Buy TSM, chip stocks as sector sell-off expected to reverse – Investing.com
Shares of TSMC (TSM) and other semiconductor makers came under heavy pressure last week, mainly due to reports that the U.S. is considering tougher trade restrictions to limit China’s access to advanced chips. The Biden administration is reportedly considering tougher measures against companies such as Tokyo Electron and ASML ( ASML ) if they continue […]
Asian Stocks Decline as Chip Selloff Gains Steam: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian shares fell on Thursday as worries over tightening U.S. restrictions on semiconductor sales to China deepened a global sell-off in technology shares. Most read articles on Bloomberg Stocks in Japan and South Korea fell, with the Tokyo Stock Exchange down 1.5%, weighed down by a stronger yen and heavy selling by chipmakers […]
Dow Jones Today: Tech Selloff Sends Nasdaq, S&P 500 Lower as Investors Rotate Into Small Caps – Investopedia
S&P majors on Thursday 1 hour 36 minutes ago Rejectors Tesla Tesla (TSLA) shares had the biggest fall among S&P 500 stocks, plummeting 8.4% after reports the company would delay its robotaxi launch. The company had previously suggested it would hold an event on August 8 to unveil its autonomous vehicle solution, but Bloomberg reported […]
German Gov’t $354M BTC sell-off: Yet more volatility incoming? – Cointelegraph
A wallet named after Arkham Intelligence’s German Government (BKA) has an additional 6,000 bitcoin (worth $354 million) stored in preparation for the next BTC sale. So far, 5,853.409 Bitcoin (BTC) has been sent to addresses associated with exchanges such as Coinbase, Kraken, and Flow Traders, as well as other unconfirmed or unverified addresses. The next […]
Germany transfers about $40m in Bitcoin amid ongoing selloff – crypto.news
The German government has transferred 700 Bitcoin (BTC) worth approximately $40.47 million. The transaction is part of an ongoing trend in which governments have been consistently selling off their Bitcoin holdings since June. German Bitcoin Liquidations Continue According to blockchain data analytics platform Lookonchain, the German government has transferred an additional 700 BTC to cryptocurrency […]
Trump in line for extra SPAC payday despite $4.5 billion selloff – Yahoo Finance
(Bloomberg) – A rocky start for Trump Media and Technology Group stock has wiped out $4.5 billion in market value in just a few weeks. But they would have to lose much more than that to risk huge special bonuses on the ex-president and his corporate insiders. Most Read Articles on Bloomberg As part of […]
Genesis purchases $2.1B of Bitcoin following GBTC sell-off – Cointelegraph
Bankrupt crypto finance company Genesis sells approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin (BTC) as part of preparations to settle debts with creditors is reported to have been sold. According to recent Bloomberg reportOn April 2, Genesis liquidated approximately 36 million GBTC shares, valued at approximately $58.50 per share […]