The Ukrainian government requires another $5 billion each month to avoid steep budget cuts, a senior lawmaker has said, appealing for more assistance from foreign countries despite billions in aid already provided by the US and its European allies. The head of Kiev’s parliamentary Committee on Finance, Tax and Customs Policy, …
Read More »Value of Russian securities frozen by EU is revealed
Euroclear, one of the world’s largest financial securities transactions companies, has blocked about $27 billion worth of securities belonging to Russians, according to strategists at ITI Capital. Frozen assets held by foreign investors reportedly exceed $85 billion. The Belgium-based settlement and clearing organization announced the suspension of transactions with Russian …
Read More »Ukraine crisis shows value of Turkey to West – Erdogan
The conflict between Russia and Ukraine has underlined Turkey’s importance for both the EU and the US-led NATO military bloc, Turkish President Recep Tayyip Erdogan said on Monday. He made the remarks during a speech at the ruling AK Party headquarters in Ankara. Senior party members gathered in the headquarters …
Read More »Amazon pockets biggest one-day value gain in US history
US e-commerce giant Amazon gained a record $190 billion in market capitalization on Friday, which is the biggest single-day increase in a company’s stock market value in US history, Refinitiv data shows. The company’s shares soared 13.5% after Amazon posted a blockbuster quarterly report late Thursday and said it would …
Read More »Bitcoin drops 50% of its value
The world’s biggest digital asset, Bitcoin, fell as low as $34,042.78 on Saturday, marking a drop of 7.2%. It has recovered most of those losses, and was trading at $35,445 at 14:19 GMT. Other cryptocurrencies saw declines as well, with Ethereum down 12%. Solana and Cardano each dropped at least …
Read More »Apple’s market value about to top world’s 5th largest economy
The milestone is coming just a year after the US tech giant breached the $2 trillion mark, after reaching a market cap of $1 trillion in 2018. The company’s stock closed at $175.08 per share on Wednesday. Apple needs to reach $182.85 per share to hit the much-anticipated milestone. Apple …
Read More »Tesla’s market value breaches $1 TRILLION for first time, after rental car giant Hertz orders 100,000 EVs
The shares rose by as much as 15%, changing hands at $1,045 in Nasdaq trading on Monday. The latest surge came on the first day of regular trading after Tesla’s stock closed above $900 for just the second time. With about 1.083 billion shares outstanding, the company’s market cap was …
Read More »Surplus value: AOC’s ‘Tax the Rich’ dress designer reportedly runs ‘sweatshop’ of unpaid interns, owes thousands in taxes
Attending the celebrity-filled Met Gala event while she rages about the coronavirus pandemic regularly on social media was already bad optics for Ocasio-Cortez. Worse, however, is sporting a ‘Tax the Rich’ statement sprawled across the type of dress few Americans will wear at an event fewer will ever attend on …
Read More »Crypto crash? Bitcoin loses half its value from year’s high
Bitcoin recovered to $36,554 per token on Monday. It hit a high for the year of $64,895.22 on April 14. “Many point to bitcoin’s volatility as untenable,” RBC Capital Markets’ Amy Wu Silverman wrote, according to Reuters. “Indeed, bitcoin makes severe and dizzying swings.” Other major cryptocurrencies, including dogecoin and …
Read More »Cryptocurrency market has lost nearly $1 TRILLION in value since April peak
At its lowest point, the price of the world’s most popular digital asset tumbled $12,000, or nearly 30%, to trade just above $30,000. Ether, the second-biggest cryptocurrency, shed around 40% of its value, while joke token dogecoin lost as much as 50%. As of 13:58 GMT, bitcoin was down more …
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