Sometimes, a little perspective is needed in order to produce a certain statistical magnitude. That is small with gigantic losses tallied by Apple and Amazon last year. Both stocks are the biggest losers in market capitalization in 2022. Apple lost…
Unable to elect Republican leader Kevin McCarthy as the new House speaker on Tuesday, Republicans adjourned the day in chaos as the party tried to regroup from its historic defeat after a long and tumultuous start to the new Congress.…
The killing of dozens of Russian soldiers in a Kyiv-led missile attack on a barracks in occupied eastern Ukraine has fueled recriminations in Moscow over its conduct of the war – and raised new questions about the military’s capacity to…
Ether has outperformed bitcoin as the two cryptocurrencies are due to bottom out in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called a “merger.” Getty Images US banking regulators warned…
Several major companies in the technology and media industry, such as Twitter, Meta, and Microsoft, have announced massive layoffs last year in response to decade-high inflation rates that point to a possible recession. Other industries including food, transportation, and retail…
French regulators imposed a €75 million fine on asset manager H2O and banned its founder Bruno Crastes from the industry for five years for investing in illiquid debt linked to controversial financier Lars Windhorst. The Autorité des Marchés Financiers announced…
A sign is posted in front of a home for sale on December 19, 2022 in Los Angeles, California. Mario Tama Getty Images Home prices fell in the depths of winter, as higher mortgage rates pushed more buyers to the…
In a raft of new changes announced at the company this week, e-commerce giant Shopify may have entered the next phase of the work-from-home revolution. Two years after CEO and founder Tobi Lutke declare The end of “office centricity” as…
Kevin McCarthy faces a battle to become the new Speaker of the House of Representatives ahead of a vote in Congress on Tuesday after what previously appeared to be an easy path to victory became more difficult due to the…
A Tesla vehicle is displayed at its sales and service center in Vista, California, June 3, 2022. Mike Blake Reuters Share from Tesla down 10% Tuesday morning, a day after the electric car maker reported fourth-quarter vehicle production and delivery…