stock market
Business
Stock Markets in Turmoil as Banking Fears Spread
Stock markets are in turmoil with banking shares falling sharply on Wednesday as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week.
The failure of SVB has raised fears that other banks could...
Business
The World’s Best Stock Performer for 2022 With a 1.600% Gain
In a year of global uncertainty and strife, one unlikely stock has flourished amidst it all. A mining company in Indonesia soared to heights unseen anywhere else on the planet, edging up an incredible 1,595 percent and proving there...
Business
Stocks Plunge, Oil Soars as Markets Reel From Ukraine Invasion
Global stocks plunged, while oil soared after Russian President Vladimir Putin launched a military attack on Ukraine, on Thursday. Putin's moves drew universal condemnation from the West, making punishing sanctions all but certain.
"The world is shocked as Russia launches...
Business
US Markets Stabilize After Weekend Crash
The United States' financial markets stabilized on Monday after suffering their worst crash since 2020 last week.
The markets pulled themselves back up amidst global turmoil surrounding the potential invasion of Ukraine and the introduction of a stricter Federal Reserve...
Business
Stock Market Sees Double-Digit Gains in 2021 in Pandemic Rebound
The stock market is ending 2021 with near-historic highs after the slings and arrows thrown at it from yet another year of the pandemic.
After a slight dip, the market is set to close at near-record high levels after an...
Business
Stocks Sink After Discovery of New COVID Variant “Omicron”
The discovery of the new Omicron variant of Covid-19 sent financial markets into a spiral on Friday, causing the Dow Jones Industrial Average to lose over 1,000 points.
Investors panicked following the variants detection in Botswana and South Africa, fearing...
Business
Elon Musk Sells $5 Billion in Tesla Stock Following Twitter Poll
Elon Musk sold 4.5 million shares of his company, Tesla, worth $5 billion on Wednesday after he made a poll on Twitter asking users whether he should sell 10% of his stock in the company.
Over 3 million Twitter users...
Business
Elon Musk Agrees to Sell 10% of Tesla Stock After Twitter Poll
Elon Musk agreed to sell of 10% of his stock in Tesla on Monday after asking Twitter users to vote in a poll whether or not the clean energy and electric car company CEO should sell his shares.
The Tesla...
Economy
Could China’s Evergrande Collapse Lead To New Global Recession?
China's Evergrande Group's debt crisis has led market analysts to whisper about a new "Lehman Brothers moment" in the world economy. The Chinese real estate giant has warned for months that it would be unable to fulfill its loan...
Business
Bitcoin Tumbles After Tax Announcement; $200 Billion Wiped Off Market
Bitcoin took a gigantic plunge on Friday, wiping $200 billion off the market as the alternative currency plunged below $50,000.