Market Overview - Page 292

For the third trading session in a row, FAANG stocks and several other companies have been experiencing a hard landing after a flying sky-high in recent months. Tesla has been hit particularly hard. The price of its shares collapsed by.

Oil futures fell again on Wednesday after a sharp slide in the previous session, as a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand. Brent crude was down 19 cents, or 0.5%,.

Last Thursday, the Food and Agriculture Organization (FAO) of the United Nations reported global food prices rose for the third straight month in August, hitting their highest levels since February. The FAO Food Price Index tracks the international prices of.

Markets in Asia-Pacific declined Wednesday morning after shares on Wall Street tumbled overnight stateside. Mainland Chinese stocks dropped in morning trade, with the Shanghai composite slipping 1.48% while the Shenzhen component declined 2.638%. Hong Kong’s Hang Seng index shed 1.16%..

Tesla shares tumbled Tuesday, after Elon Musk’s electric vehicle maker was left out of the S&P 500 by the committee that decides on new additions to the index. Tesla shares were down more than 17.5% in afternoon trading. The stock.

Stocks fell sharply on Tuesday to start the week as technology shares were under pressure following their worst sell-off in more than five months last week. The Nasdaq Composite dropped 2.5% and the Dow Jones Industrial Average plunged 400 points,.

Today the American stock market returns to work after a long weekend. At the same time, the markets are returning to the trends that prevailed at the end of last week. Specifically, there is massive pressure on FAANG and Tesla.

CryptoCompare said crypto derivative volumes rose 54% to more than $710 billion in August in its monthly Exchange Review. That’s a new all-time high, with August’s figures now far exceeding the $602 billion monthly volumes reported in May.Spot markets also.

The cautious strengthening of the Dollar continues, and this is not yet a signal of a widespread exit from risk assets, but a sign that the Dollar is recovering from its 12% slump between March and early September. This marked.

Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the United Arab.

U.S. West Texas Intermediate (WTI) crude futures fell $1.07, or nearly 3%, to $38.70 per barrel at 0635 GMT, playing catch-up with a drop in Brent prices overnight. Brent crude futures eased 15 cents, or 0.4%, to $41.86 a barrel,.

The world’s third-largest economy shrank an annualised 28.1% in April-June, more than a preliminary reading of a 27.8% contraction, revised gross domestic product (GDP) data showed on Tuesday, suffering its worst postwar contraction. The data will put the new prime.