Sunday, March 3

Tag: Wall street

Noteworthy Stock Market Crashes in History
Market

Noteworthy Stock Market Crashes in History

The stock market has always been a subject of fascination and concern for both seasoned investors and new entrants. Market trends and behaviors can significantly impact investment decisions, and predicting the future can seem like an elusive endeavor. In this article, we explore the potential for a stock market crash in the years 2023 and 2024, delving into various viewpoints from experts and analyzing key factors that could influence the market's stability. Historical Market Crashes Understanding the past can provide valuable insights into the future. While history does not repeat itself exactly, it often rhymes. Several major market crashes have shaped the course of financial markets in the past, such as the Great Depression of the 1930s, the Dotcom bubble burst in the early 2000s...
Asian Stock Market are Up, Japan’s Nikkei Strengthens
Market

Asian Stock Market are Up, Japan’s Nikkei Strengthens

TOKYO, 11th Jan 2023 – Asian shares were mostly higher on Wednesday off a rally on Wall Street that came ahead after the weaker yen also boosted buying sentiment in Japan, as the country’s exporters earn more when foreign profits are converted into yen. Japan’s benchmark Nikkei 225 NIK, +0.99% rose 1% in morning trading. Australia’s S&P/ASX 200 XJO, +0.95% gained about 1% and South Korea’s Kospi 180721, +0.17% gained about 0.2%. Hong Kong’s Hang Seng HSI, +1.02% climbed 1%, while the Shanghai Composite SHCOMP, +0.20% rose 0.2%. Benchmark indices in Taiwan Y9999 fell -0.34%, Malaysia FBMKLCI, +0.10% and Indonesia JAKIDX, -0.48%, while Singapore STI stocks gained +0.30%. Shares of Fast Retailing Co. 9983, +1.23%, which operates popular Japanese clothing retailer Uniqlo, rose 1.4% ...
Lehman Bankruptcy: 10 Years of The Biggest Fallout in Wall Street History
USA

Lehman Bankruptcy: 10 Years of The Biggest Fallout in Wall Street History

The moment was happened in September 2008 when the 150-year-old investment bank Lehman Brothers collapsed, precipitating the worst global economic crisis since the 1930s. After failing to find buyers for the troubled financial giant, that was weighed down by risky debt holdings made up of at sub-prime mortgages, U.S. authorities declined to offer a bailout and allowed the institution to fail. Monday, September 15, 2008, at 1:45 a.m., Lehman Brothers filed for bankruptcy, taking the world by surprise leaving well over $600 billion in debt, as well as 25,000 employees in shock. It was the biggest bankruptcy in American history. On Wall Street, the Dow Jones plunged 500 points, the largest drop since the attacks of September 11, 2001. Stunned traders streaming out of the building car...
Microsoft Beats Wall Street Targets in the Q4 Report, Cloud Business Booms
Market

Microsoft Beats Wall Street Targets in the Q4 Report, Cloud Business Booms

The global technology giant Microsoft Corporation has announced its quarterly profit and revenue report which has proved to be better-than-expected, marking a 10% jump in profit and beating analysts’ estimates. The company’s ever-growing Azure cloud computing services and Office 365 productivity suite have played a major role in this profitability. Microsoft reported earnings of $1.13 per share on $30.09 billion in revenue, a 17.5 percent rise over a year ago that beats Wall Street expectations of $29.21 billion. Microsoft marked $110 billion in revenue for the year, increased by 14 percent from the previous year. We had an incredible year, surpassing $100 billion in revenue as a result of our teams’ relentless focus on customer success and the trust customers are placing in Microsoft,...
Hackers Steal $79 Million In Bitcoin From Crypto Marketplace NiceHash
News

Hackers Steal $79 Million In Bitcoin From Crypto Marketplace NiceHash

Another Bitcoin security breach costed $79 million to a cryptocurrency exchange site NiceHash. NiceHash posted the theft on Facebook: In the breach, $79 million worth of bitcoin was stolen by hackers from NiceHash's servers, in a scenario where Bitcoin reaches to almost $16,800. "In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency," NiceHash said in the post. Andrej Škraba, marketing head of NiceHash told WSJ that 4,700 bitcoins were stolen from the company's Bitcoin wallet. The hackers hacked the account in a single swipe and the worth of loot will keep increasing as the price of Bitcoin climbs up. The volatile behaviour of Bitcoins is ce...
Bitcoin Takes A Dent After $31M Theft Of Cryptocurrency Peer Tether
BUSINESS

Bitcoin Takes A Dent After $31M Theft Of Cryptocurrency Peer Tether

Bitcoin just passed the $8000 for the first time this week, but it didn't land quite well for Tether, a platform that helps in exchanging flat currency to tokens, reported a theft by hacker on Tuesday. It said in a statement that “through malicious action” attacker snatched tokens from the Tether Treasury wallet on 11/19 and sent them to an unauthorized bitcoin address. The company said it is working to prevent its entry back in the ecosystem. The company for now has flagged the token and is trying to track it. The latest hack has fueled the concern on Wall Street about whether these "coins" are secure enough to enter the mainstream market. Tether, with a market capitalization of around $670 million, is the world’s nineteenth most-valued virtual currency, according to data on Coinmar...