Day: August 27, 2024
Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000
Cryptocurrencies fell Tuesday evening as Asia futures pointed lower, triggering a wave of liquidations on the Bybit exchange. The price of bitcoin was last lower by 6.2% at $59,504.68, according to Coin Metrics. Ether tumbled more than 8% to $2,457.61. “Crypto markets moved down sharply, triggering a leverage driven liquidation,” said Steven Lubka, head of […]
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Asia-Pacific markets set for lower open ahead of Australia’s inflation numbers
The Melbourne skyline is reflected in the Maribyrnong River in the early morning light on April 18, 2023. William West | AFP | Getty Images Asia-Pacific markets were set to open lower on Wednesday, ahead of Australia’s July inflation numbers. Minutes from the Reserve Bank of Australia’s last meeting revealed that the central bank had […]
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Analysts like these stocks which are cheaper and expected to enjoy earnings growth
Though stocks have rebounded after the recent volatility, investors may want to hunt for names that are still relatively cheap. Markets around the world experienced much volatility recently. Earlier this month, Japan’s stock market posted its worst drop since Wall Street’s “Black Monday” in 1987, and the contagion spread to other Asia-Pacific markets, which posted […]
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Want to make good investments? Avoid these 3 common mistakes, Morningstar portfolio manager says
Making good investments is key for those looking to accumulate wealth, but it’s not always easy —especially given the ongoing macroeconomic uncertainty and fears of a looming recession . From following fads with blind faith to trying to forecast market moves, Nicolo Bragazza, an associate portfolio manager at Morningstar Investment Management, names three investing mistakes […]
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Stock futures are little changed as Wall Street looks toward Nvidia earnings: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on August 23, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures were flat Tuesday night as investors waited in anticipation for chipmaker Nvidia’s quarterly earnings announcement Wednesday after the bell. Futures tied to the Dow […]
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California officials get aggressive on homelessness after Supreme Court ruling
Los Angeles, CA – June 10: After his homeless encampment under the 110 Freeway was removed by the city of Los Angeles for the Summit of the Americas, Calvin Hall, 63, who has been homeless for four years, returns from grocery shopping through a fenced-off area to a new area near the 110 Freeway and […]
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Wisconsin denies RFK Jr. request to be removed from ballot after endorsing Trump
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | Reuters The Wisconsin Elections Commission on Tuesday voted to keep Robert F. Kennedy Jr. on the state’s November presidential ballot, thwarting the former third-party candidate’s plan to remove his […]
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Trump budget would spike deficits by nearly 5 times Harris proposal, says Penn Wharton
Former President Donald Trump’s economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model. The Trump report found that his plan to […]
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Stocks making the biggest moves after hours: Nordstrom, SentinelOne, Ambarella and more
Check out the companies making headlines in extended trading. Nordstrom – Shares jumped about 7% after the company’s second-quarter earnings topped analysts’ estimates. The retailer reported adjusted earnings of 96 cents per share, topping consensus forecasts of 71 cents per share, according to LSEG. Meanwhile, revenue of $3.89 billion missed the estimate for $3.90 billion. […]
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NFL wants a cut of private equity investment profits
Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024. Michael Reaves | Getty Images The National Football League has informed owners and investment firms that it intends to […]
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