Bumble stocks crashed almost 33% to a record low on August 8 as its $1 billion valuation dropped by $350 million. Its stocks tumbled 39% during the trade, marking the biggest intraday fall on record. It had also laid off a third of its workforce earlier this year. Even Tinder parent Match also said to cut 6% staff. What’s going wrong with dating apps? Why is their business going through a tough time? Watch the full video to know!
9 Aug 2024The seven most-valuable US Tech companies lost a combined $1 trillion in market value on Monday. Meta, Microsoft, Alphabet and Tesla, and the seven most-valuable tech companies lost $995 billion during monday trade. Nvidia shed more than $300 billion in market cap at the opening bell, later recovering to close with a loss of $168 billion. Watch the video to know more!
6 Aug 2024Energy stocks hit by rising number of COVID-19 casesSanderson Farms gains after $4.53 billion buyout offer
2 min read9 Aug 2021Stocks beaten down most during the pandemic are coming back as some of the biggest winnersAs insolvency risk subsides amid that torrent, investors have flocked to unprofitable companies
3 min read19 Jul 2020'If anyone but me takes over, there will be a Market Crash the likes of which has not been seen before''The US stock market would be 5,000 to 10,000 points higher if the Federal Reserve hadn’t raised interest rates four times in 2018'
1 min read15 Jun 2019Jeffrey Gundlach said prolific sales of junk bonds and significant growth in investment grade corporate debt, coupled with the Fed weaning the market off quantitative easing, have resulted in 'an ocean of debt'
2 min read13 Jan 2019There are reasonable grounds to suspect that the US had fudged data from 2014 to 2016 to prevent official data from showing an economic recession and that the stock market too was manipulated
4 min read9 Oct 2018New York Stock Exchange's (NYSE) parent company, Intercontinental Exchange Inc. (ICE), agrees to acquire the tiny 136-year-old market operator for an undisclosed amount
1 min read5 Apr 2018Ten years after the start of the financial crisis that erased $16.4 trillion in assets from US households, Americans have yet to embrace the US stock market with the same fervour as before
4 min read18 Mar 2018Continental European equities look to have the most near-term upside to Barclays, says Will Hobbs, head of investment strategy at Barclays in London
1 min read21 Feb 2018