Tag: Wall Street

Europe’s banks suffer worst day in 9 months after sharp sell-off in U.S. banks

Europe’s banks suffer worst day in 9 months after sharp sell-off in U.S. banks

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SVB (Silicon Valley Bank), JP Morgan, Bank of America, Citibank and Wells Fargo logos are seen through broken glass in this illustration taken March 10, 2023. | Photo Credit: Reuters European bank shares tumbled on March 10 in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be […]

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Asian stocks join global rally and dollar drops on Fed rate joy

Asian stocks join global rally and dollar drops on Fed rate joy

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Representational image only. | Photo Credit: Reuters Asian stocks extended a global rally on December 1 and the dollar fell after Federal Reserve boss Jerome Powell flagged a slowdown in the pace of interest rate hikes and China opened the way for a softer approach to fighting COVID-19. A growing sense of hope that months […]

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Robinhood cuts 23% of its workforce as fewer users trade during the bear market

Robinhood cuts 23% of its workforce as fewer users trade during the bear market

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Robinhood is downsizing because fewer users are trading on its app amid the tumult hammering stock and cryptocurrency markets Robinhood is downsizing because fewer users are trading on its app amid the tumult hammering stock and cryptocurrency markets Robinhood Markets said Tuesday it’s cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and […]

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Apple’s Q3 profit slips, but results exceed analysts’ projections

Apple’s Q3 profit slips, but results exceed analysts’ projections

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In spite of supply chain issues and inflation, Apple profit declined by 10% while revenue edged up 2% In spite of supply chain issues and inflation, Apple profit declined by 10% while revenue edged up 2% Apple’s profit slipped during the past quarter, but the world’s largest technology company fared better than many of its […]

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Amazon posts Q2 loss, but revenue overshoots estimate and stock jumps up

Amazon posts Q2 loss, but revenue overshoots estimate and stock jumps up

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Amazon’s $121.2 billion in revenue went well past estimates of $119 billion, helping stock climb higher Amazon’s $121.2 billion in revenue went well past estimates of $119 billion, helping stock climb higher Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. (Sign up to […]

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Markets tumble worldwide, bear market growls on Wall Street

Markets tumble worldwide, bear market growls on Wall Street

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Some traders are even speculating the Fed on Wednesday may raise its key short-term interest rate by three-quarters of a percentage point. Some traders are even speculating the Fed on Wednesday may raise its key short-term interest rate by three-quarters of a percentage point. Wall Street is tumbling even more Monday, sending the S&P 500 […]

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