Walt Disney, Verizon, and Boeing, as well as California-based biopharmaceutical firm Amgen and tech conglomerate Honeywell, were the worst stocks of 2021, according to stock market index Dow Jones. Disney and Verizon stocks saw double-digit percentage losses, while the other three firms booked losses in the single digits. Entertainment giant …
Read More »Russia stocks up as reserves rise to historic rate
In just one week ending October 29, Russia’s international reserves increased by $1.6 billion. The growth is mainly attributed to foreign currency purchases under the current budgetary rule, the Central Bank said. Overall, since the beginning of the year, Russian holdings have soared 7.5%. The country’s international reserves, which serve …
Read More »Elon Musk cashes in on meteoric rally in Tesla stocks
Musk sold 1.2 million shares held by his trust for more than $1.2 billion on Friday, the latest in a series of his stock transactions this week, according to new filings with the US Securities and Exchange Commission. Prior to the sale, the entrepreneur, one of the world’s richest men, …
Read More »India faces a power crisis as coal stocks decline – Delhi chief minister
“Delhi could face a power crisis. I am personally keeping a close watch over the situation. We are trying our best to avoid it,” Arvind Kejriwal said in a tweet, adding that he had sent an official request to Prime Minister Narendra Modi to step in. In a letter to …
Read More »Wall Street banks ditch $19 billion of stocks in ‘unprecedented’ block trade selloff – media
Goldman Sachs alone liquidated $10.5 billion worth of stocks in block trades on Friday, Bloomberg reported citing the investment bank’s email to clients. The first batch, that included $6.6 billion worth of shares of Baidu, Tencent Music Entertainment Group and Vipshop Holdings, was sold before the market opened on Friday. …
Read More »Musk loses $27 billion in days as high-flying tech stocks take a beating
Tesla shares tumbled almost four percent to the lowest in almost three months on Friday, pushing its weekly losses to over 13 percent. At the current price of almost $598, Tesla shares are down nearly 30 percent from its peak of $883 seen on January 26. Fluctuations of Tesla’s share …
Read More »US stocks take beating as Dow sheds 620 points & ‘Reddit Rebellion’ continues to drive massive surge in GameStop shares
The Dow shed just over 620 points as markets closed on Friday, sinking more than 2 percent, while the NASDAQ and S&P 500 saw similar losses, declining 2.7 percent and 1.9 percent, respectively. All three benchmarks dropped by more than 3 percent since Monday, seeing their worst week in three …
Read More »Robinhood imposes ONE share buy limit on DOZENS OF STOCKS amid GameStop scrutiny
Robinhood users angrily took to Twitter to display screenshots indicating the app was blocking them from buying more than a single stock of some companies. The trading lockdown on Friday wasn’t limited to GameStop ($GME) – users were posting similar shots of failed efforts to trade other stocks of companies …
Read More »Stocks for me but not for thee: Redditors playing the stock market is problematic but, if a Democrat does it, no big deal
People have been bidding money in the stock market for over a hundred years. There have been many stories about people substantially increasing their wealth by doing so. Despite some people’s issues with Wall Street and the culture surrounding it, there’s nothing illegal about getting involved in stock trading. In …
Read More »Stocks in London and Paris turned violent
On anti-racism protests in the capitals of Britain and France were clashes of protesters with the police. In Paris and London on Saturday, June 13, held a major protest against racism and police violence. According to TV channel BFM, on Republic square in the French capital were about …
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