
Liton to helm Bangladesh after shock Tamim resignation
Bangladesh on Friday named Liton Das captain for the remainder of its one-day international series against Afghanistan, following this week's shock resignation...
2023-07-07 16:42

Tesla braces for its first trial involving Autopilot fatality
By Dan Levine and Hyunjoo Jin SAN FRANCISCO Tesla Inc is set to defend itself for the first
2023-08-28 18:08

Analysis-Out-of-sync U.S. stocks hide market risks
By Saqib Iqbal Ahmed NEW YORK U.S. stocks' tendency to move in sync has plunged to near-record lows,
2023-07-05 13:15

China Bonds at Center of Crisis Fears Are Posting Surprise Gains
For all the concern about a debt crisis facing China’s local governments, the bonds most exposed to a
2023-06-05 17:00

Bitcoin price dramatically crashes amid market worries
Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters
2023-08-18 23:57

Injury-filled Ravens wasted a great chance to improve to 3-0 with poor communication
Of the 22 players who started on offense and defense for Baltimore in the season opener, six of them were out for Sunday’s 22-19 overtime loss to the Colts
2023-09-26 05:37

Catalyst Leaked as Possible New Character Coming to Apex Legends
Apex Legends fans wondering who could be the next legend introduced to the franchise might have gotten their first clues as recent leaks have outlined possible information regarding new playable characters.
1970-01-01 08:00

Tokyo Traders Eye Key Inflation Data as They Consider Bets on BOJ Policy Tweaks
Japan bond bears are turning their attention to Friday’s inflation data, the next potential catalyst for speculation about
2023-07-19 08:39

David Drummond: NY man accused of killing and stuffing his mother in box can walk out free due to mishandling of evidence
David Drummond is currently being held at Bellevue Hospital in New York City, having been transferred from the custody of the city Department of Correction
2023-11-28 06:57

Tyler Christopher suffered 4 traumatic brain injuries before his death due to drunken falls, documents reveal
Tyler Christopher had been open about his battles with alcohol addiction and bipolar disorder which plagued him for much of his life
2023-11-02 05:01

More than 90% of the Peach State's peaches were lost this year after extreme winter weather
Georgia lost more than 90% of this year's peach crop after abnormally warm weather this winter and a late-season freeze.
2023-06-06 03:13

MLB rumors: Orioles trade buzz, Angels shock manager candidate, Game 3 first pitch guests
In today's MLB rumors, the Orioles look to shake up their roster, the Angels name a surprise manager candidate, and World Series Game 3 guests take the mound.
2023-10-31 03:55
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