Bitcoin extended its tumble on Monday, and has now fallen by half from its record high. The cryptocurrency has declined for six out of the last seven days, retreating 10% on Monday, compared to its level at 5 p.m. on Friday. It fell below $33,000, its lowest level since July, before trading around $34,200, according…
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A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File PhotoEuropean shares ease as caution rulesCrude oil prices slipU.S. Treasury yields stallChina stocks gain after cut in…
Detroit’s two biggest auto makers— Ford Motor Co. and General Motors Co. —are looking to get into the semiconductor business, after a year of computer-chip shortages that snarled their global factory output. Ford on Thursday morning outlined a strategic agreement with U.S.-based semiconductor manufacturer GlobalFoundries Inc. to develop chips, a pact that could eventually lead…
A booming market for deals and brisk demand for financial advice lifted Morgan Stanley ’s fourth-quarter earnings and helped the Wall Street firm set a full-year profit record. The bank posted a profit of $3.7 billion, up 9%, or $2.01 a share. Analysts expected $1.94 a share, according to FactSet. Revenue rose 7% to $14.5…
A staff worker arranges vegetables at a supermarket at Congtai District on November 10, 2021 in Handan, Hebei Province of China.Li Hao | Visual China Group | Getty ImagesBEIJING — China's retail sales rose more than expected in October, even as fixed asset investment remained sluggish, according to data released Monday by the National Bureau…
Register now for FREE unlimited access to Reuters.comJan 18 (Reuters) - Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street's premier investment bank missed quarterly profit expectations, hampered by weaker trading revenues and rising expenses.The share decline put Goldman on course for its worst single-day showing since June 2020,…
He came to fix Credit Suisse Group AG’s broken culture. Then he became part of the problem. António Horta-Osório was hoping for a slap on the wrist Sunday from the Credit Suisse CS 0.38% board for breaking coronavirus quarantine rules on trips to events, according to people familiar with his departure. Instead, he had to…
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They say the CDC released the updated advice, which cuts in half the recommended times for staying away from others, with little consultation or preparation. "We are very much trying to digest it now and what it means and how to communicate it effectively," Lori Freeman, chief executive officer of the the National Association of…
Shiba Inu (CRYPTO: SHIB) traded 15.1% lower over 24 hours at $0.00005675 early Thursday morning. What’s Moving? The meme cryptocurrency has fallen 14.66% over a seven-day trailing period. Against Bitcoin and Ethereum, SHIB fell 14.03% and 14.08%, respectively, over 24 hours. SHIB has shot up 330.46% in the last 30 days and 821.04% in a 90-day…