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HONG KONG/LONDON/NEW YORK, May 9 (Reuters) – Bitcoin plunged to its lowest level since July 2021 on Monday, dropping in tandem with slumping U.S. equity markets amid concerns about the Federal Reserve’s aggressive tightening path. The world’s largest cryptocurrency by market capitalization, bitcoin dropped to as low as $30,331.28, falling […]
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Chinese stocks crashed in recent days, only to rebound with unprecedented force. To some investors, the recovery was nearly as worrying as the selloff. The turbulence follows a year-long slide that had already caused widespread investor losses. Trillions of dollars in market value across American depositary receipts, Hong Kong shares […]
Bed Bath & Beyond shares tanked 22% Thursday as the company said it saw a steep drop-off in shopper traffic in August, dealing a blow to its fiscal second-quarter results. The big-box retailer is also dealing with industrywide supply chain complications, which Chief Executive Mark Tritton said have been “pervasive.” […]
Text size Shares of Affirm, a “buy now, pay later” company, have fallen 60% over the past year. Courtesy Affirm Shares of Affirm were falling sharply Friday after the “buy now, pay later” company issued a fiscal third-quarter revenue forecast that was below analysts’ expectations. Affirm (ticker: AFRM) dropped 17.2% […]
Text size Amazon, Chipotle, and others could be candidates for splitting their stocks. Noah Seelam/AFP via Getty Images Alphabet recently announced it is splitting its stock. It probably won’t be the only company to do so in the short term—and that’s a good thing for the stock market. Alphabet (ticker: […]
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The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 1 (Reuters) – Google parent Alphabet Inc (GOOGL.O) reported record quarterly sales that topped expectations on […]