Nike has been dealing with major inventory challenges amid supply chain issues, Covid-19 shutdowns in China, and waning consumers demand in China.
Apple’s stock downgrade by Bank of America has sparked a fresh tech selloff which sees Alphabet, Microsoft, Tesla, others impacted.
The IPO market for US tech firms for this year has been the worst since 2008’s financial crisis due to several economic factors.
Leapmotor and Onewo saw their shares shrink after making their first appearances in the stock market.
The overselling that is currently being seen in European stock may be extended, according to Wells Fargo’s Chris Harvey.
To stabilize the falling pound, the Bank of England swung into action on Wednesday announcing the purchase of its long-dated government bonds.
The asset management company noted that its ETFs ARKQ and ARKK, which target autonomous technology and space exploration, made the purchase.
In its early days of launch, iPhone 14 is seeing weaker demand in one of Apple’s most formidable markets in China. The global macros are playing a key role in the demand drop worldwide.
The Chinese central bank has intervened to support the Renminbi by setting stronger-than-expected Renminbi fixings for 25 straight sessions.
S&P 500 futures declined further to set a new low record as Wall Street observers ponder what could come next.
Analysts have also observed that the momentum indicator of the EUR/USD daily chart keeps getting to a negative level.
Individual investors would get access to the VC market through the ARK Venture Fund for as little as $500.
Robinhood noted that users of the new web3 wallet would be able to trade and swap crypto and also enjoy no network fees.
Grab CEO and co-founder Anthony Tan noted that the company has been making intense efforts to improve its profitability.
After five straight sessions of negative closing, the US equity indices are recovering in the early trading on Tuesday.