The collapse of the US tech giants: news by the morning #NEWS 💬
The capitalization of US technology giants fell by almost $800 billion, and Elon Musk, as the owner of Twitter, fired the heads of the social network.
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The capitalization of US technology giants fell by almost $800 billion, and Elon Musk, as the owner of Twitter, fired the heads of the social network.
👉 Find out more Invest Stage
The collapse of the US tech giants: news by the morning #NEWS 💬 continuation of previous post:
Stock market losses widened on Thursday after Amazon (NASDAQ:AMZN) released its fourth-quarter earnings forecast: the company expects earnings of $140 billion, instead of the $155 billion analysts predicted, although usually in This quarter also shows growth due to shopping for the holidays. This resulted in the five largest technology companies — Amazon, Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) — being $950 billion less than in beginning of the reporting season (mid-October).
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Stock market losses widened on Thursday after Amazon (NASDAQ:AMZN) released its fourth-quarter earnings forecast: the company expects earnings of $140 billion, instead of the $155 billion analysts predicted, although usually in This quarter also shows growth due to shopping for the holidays. This resulted in the five largest technology companies — Amazon, Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) — being $950 billion less than in beginning of the reporting season (mid-October).
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Apple reports record quarterly revenue #NEWS 💬
The iPhone maker’s revenue was $90.15, higher than analysts’ forecasts and a record fourth-quarter figure in the company’s history. Earnings per share was $1.29 vs. $1.26 expected.
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The iPhone maker’s revenue was $90.15, higher than analysts’ forecasts and a record fourth-quarter figure in the company’s history. Earnings per share was $1.29 vs. $1.26 expected.
👉 Find out more Invest Stage
The electric vehicle market is facing a shortage of graphite #NEWS 💬
The electric vehicle market will face an acute shortage of graphite in the next decade due to the market dominance of Chinese manufacturers.
The electric vehicle market will face an acute shortage of graphite in the next decade due to the market dominance of Chinese manufacturers.
Oil prices are falling: data for the morning of Monday, November 21 #NEWS 💬
The main negative factor for oil quotes last week was concerns about fuel demand, especially in China.
The cost of January futures for Brent on the London ICE Futures exchange is $86.77 per barrel, which is $0.85 (0.97%) lower than the closing price of the previous session. As a result of trading last Friday, these contracts fell by $2.16 (2.4%) to $87.62 per barrel.
The main negative factor for oil quotes last week was concerns about fuel demand, especially in China.
The cost of January futures for Brent on the London ICE Futures exchange is $86.77 per barrel, which is $0.85 (0.97%) lower than the closing price of the previous session. As a result of trading last Friday, these contracts fell by $2.16 (2.4%) to $87.62 per barrel.
US stock market ‘suffering from a hangover’ and stocks will continue to fall #NEWS 💬
Despite the seeming universality of the problems that both the US economy and the stock market face: the threat of a recession against the backdrop of record high inflation, the problems they face are of a completely different nature.
Despite the seeming universality of the problems that both the US economy and the stock market face: the threat of a recession against the backdrop of record high inflation, the problems they face are of a completely different nature.
FTX owes about $3 billion to its largest creditors #NEWS #CRYPTO 💬
Recently bankrupt crypto exchange FTX owes nearly $3.1 billion to its top 50 creditors who are its customers.
FTX’s new CEO, John J. Ray, who oversaw the Enron bankruptcy in 2001, said he had never seen “such a complete ineffectiveness of corporate controls and a complete lack of reliable financial information” as at FTX.
Recently bankrupt crypto exchange FTX owes nearly $3.1 billion to its top 50 creditors who are its customers.
FTX’s new CEO, John J. Ray, who oversaw the Enron bankruptcy in 2001, said he had never seen “such a complete ineffectiveness of corporate controls and a complete lack of reliable financial information” as at FTX.
Global Regulators Will Target Crypto Platforms After FTX Crash #NEWS #CRYPTO 💬
“In order to protect investors, more clarity is needed on the operation of these crypto platforms through targeted guidance on applying the IOSCO principles to crypto assets,” Servais said.
Recall that FTX crash resulted in billions of dollars in losses from 1 million creditors.
“In order to protect investors, more clarity is needed on the operation of these crypto platforms through targeted guidance on applying the IOSCO principles to crypto assets,” Servais said.
Recall that FTX crash resulted in billions of dollars in losses from 1 million creditors.
BTC may drop to $13,900 in the coming days #NEWS #CRYPTO 💬
There is a bearish medium-term bias and loss of upward momentum on the weekly chart.
A strong drop in BTC is still possible amid the consequences of the bankruptcy of FTX, which is not expected to pause in the near future. Bitcoin could drop 13% to 2019 levels after FTX drop.
BTC confirmed a drop below the key $18,300 support level before moving further towards levels not seen since 2019. And the next support level for it will be $13,900, which represents a 13% downside potential from current levels.
If Bitcoin does not hold at $13,900, then the next support zone is around $10,000, which represents the February 2020 high.
There is a bearish medium-term bias and loss of upward momentum on the weekly chart.
A strong drop in BTC is still possible amid the consequences of the bankruptcy of FTX, which is not expected to pause in the near future. Bitcoin could drop 13% to 2019 levels after FTX drop.
BTC confirmed a drop below the key $18,300 support level before moving further towards levels not seen since 2019. And the next support level for it will be $13,900, which represents a 13% downside potential from current levels.
If Bitcoin does not hold at $13,900, then the next support zone is around $10,000, which represents the February 2020 high.
Crypto exchange Bitfront closed #NEWS #CRYPTO 💬
U.S. crypto exchange Bitfront, backed by Japanese social network Line Corp (NYSE:LN), has suspended new registrations and credit card payments and has announced that it will stop operating in a few months.
“Despite our efforts…, we regretfully decided that we need to shut down Bitfront in order to continue developing the LINE blockchain ecosystem and LINK tokens.”
U.S. crypto exchange Bitfront, backed by Japanese social network Line Corp (NYSE:LN), has suspended new registrations and credit card payments and has announced that it will stop operating in a few months.
“Despite our efforts…, we regretfully decided that we need to shut down Bitfront in order to continue developing the LINE blockchain ecosystem and LINK tokens.”
Tesla shares hit the lowest since July 2020 #NEWS #StockMarket 💬
Shares of electric car maker Tesla fell 11.4% to $109.1 in trading on the NASDAQ on Tuesday, December 27. Tesla shares hit their lowest close since August 2020.
On Wednesday, the sales continued; in the preliminary trading, the paper fell to $104.22, at least since July 22, 2020. By the time this material was published, the shares had recovered slightly and reached $112.7 (+3.3%).
Shares of electric car maker Tesla fell 11.4% to $109.1 in trading on the NASDAQ on Tuesday, December 27. Tesla shares hit their lowest close since August 2020.
On Wednesday, the sales continued; in the preliminary trading, the paper fell to $104.22, at least since July 22, 2020. By the time this material was published, the shares had recovered slightly and reached $112.7 (+3.3%).
#NEWS Five terrorists who were preparing a terrorist attack in Turkey and received "instructions from Iran" were detained with explosives in the south-east of the country - Interior Minister
#NEWS Pope Benedict XVI's condition has worsened, he is under medical supervision - Vatican
#NEWS Pope Francis announces a serious deterioration in the health of his predecessor, Benedict XVI
Benedict, who turned 95 in April of the outgoing year, retired in 2013, citing his advanced age, and has hardly appeared in public since.
Benedict, who turned 95 in April of the outgoing year, retired in 2013, citing his advanced age, and has hardly appeared in public since.
#NEWS 💬 How might the protests in Brazil affect the markets?
Brazil’s hard-currency debt spread over US Treasuries widened to 262 basis points on Monday, further off pre-pandemic levels. 👉 Find out more Invest Stage
Brazil’s hard-currency debt spread over US Treasuries widened to 262 basis points on Monday, further off pre-pandemic levels. 👉 Find out more Invest Stage
#NEWS 💬 Secret documents from the days of Vice President Joe Biden have been found at the Biden Center in Pennsylvania
The White House admitted that it used the office where the classified papers were found. Now the US Department of Justice will conduct an audit and decide whether it is worth investigating how the classified documents ended up in the think tank.
The White House admitted that it used the office where the classified papers were found. Now the US Department of Justice will conduct an audit and decide whether it is worth investigating how the classified documents ended up in the think tank.
Fed - interest rate decision ⚠️
5.50% (PAUSE)
— Twelve Fed officials predict another rate hike this year.
— 7 officials are ready to take a break.
— On average, Fed chairmen predict 2 rate cuts in 2024.
— The first rate reduction will be in September 2024.
— Fed forecasts show that until 2025 rates will be 50 bp. higher than previously predicted.
5.50% (PAUSE)
— Twelve Fed officials predict another rate hike this year.
— 7 officials are ready to take a break.
— On average, Fed chairmen predict 2 rate cuts in 2024.
— The first rate reduction will be in September 2024.
— Fed forecasts show that until 2025 rates will be 50 bp. higher than previously predicted.
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@gomblegames
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@gomblegames
is on a journey to blend fun with blockchain's power. #GombleGames
https://airdrop.gomble.io/airdrop Get started now/ code tCamzr