Bitcoin Slides to 3-Month Low Around $34K
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Barrons.com
Bitcoin Falls to Half Its Peak as Investors Shun Risk
The price of Bitcoin fell 5.3% to $33,879 on Sunday afternoon and is now about half its all-time high. Bitcoin, the largest cryptocurrency, hit a peak price of $67,802.30 in November 2021. The Federal Reserve’s announcement Wednesday that it was raising interest rates by a half point, the largest hike since 2000 with additional increases expected this summer, sent the Dow Jones Industrial Average on Thursday down 1,063 points, or 3.1%.
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The Wall Street Journal
Crypto Prices Slump Over the Weekend
The cryptocurrency market is mirroring the slide of the broader stock market, with bitcoin falling below $34,000 during Sunday trading to about half of its November high.
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Motley Fool
Why Roblox Stock Could Be a Buy in the Coming Weeks
Roblox (NYSE: RBLX) has been experiencing hard times since economies started reopening last year. Roblox is scheduled to report 2022 first-quarter earnings next week, and that could be the catalyst that boosts the share price. Roblox’s platform is most popular among the younger generation, and with kids returning to in-person instruction, that left less time to engage with Roblox.
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Motley Fool
Shopify Crashed After Earnings — Is the Stock a Buy?
Shopify (NYSE: SHOP) bulls have had a tough year. Since releasing its first-quarter earnings report, Shopify has seen its price tumble 21%, and the stock is now down 77% from its high. Does that sell-off make Shopify a buy?
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The Telegraph
Russia admits it faces economic collapse over Putin’s war – live updates
Morrisons beats Issa brothers in battle to rescue McColl’s Nuclear plant under threat amid ‘political opposition’ to Chinese backing, EDF warns The FTSE 100 drops 1.7pc on China growth fears Lucy Burton: It’s just ‘banter’: how City workers get away with spouting repugnant views Sign up here for our daily business briefing newsletter
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TechCrunch
The Great Resignation, meet the Great Reset
The Great Resignation, the economic trend of people quitting their jobs in pursuit of other opportunities, has been greeted by a harsh reality: the Great Reset. This week, a spate of tech companies – largely those valued above $1 billion from their venture capital investors – announced reductions in their workforce. Unlike before, when startups had to lay off employees in response to the sudden shock of the pandemic, today’s tech companies are making cuts due to – more or less – their own lack of discipline.
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Bloomberg
Rivian Tumbles After Report of Ford Share Sale at a Discount
(Bloomberg) — Rivian Automotive Inc. sank 17% in U.S. premarket trading after a media report that Ford Motor Co. is selling 8 million of its shares in the electric-pickup maker at a discount.Most Read from BloombergMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Drop, Treasury Curve Steepens Amid Fedspeak: Markets WrapDay Trader Army Loses All the Money It Made in Meme-Stock EraEU Push to Ban Russian Oil Is Stalled by Hungarian DemandsUkraine Latest: Japan to Phase Out Russ
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Motley Fool
Is Tesla Doomed If Elon Musk Buys Twitter?
Tesla (NASDAQ: TSLA) shares have struggled to stay afloat recently owing to broader negative sentiment swaying the stock market and added pressure from CEO Elon Musk’s recent proposal to acquire Twitter (NYSE: TWTR). Following the news, Tesla stock fell more than 10%, indicating a potential sign that shareholders are worried about what Musk’s association with Twitter will mean for the electric vehicle (EV) company moving forward. Consequently, the company’s share price is down almost 20% in the past month, and the stock now carries a market capitalization of $891 billion.
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Motley Fool
Stock Market Crash: 3 Absolute Bargains Just Begging to Be Bought
Buckle up, because volatility is back in a big way on Wall Street. This past Thursday, May 5, just a day after the Federal Reserve increased interest rates by their largest amount in two decades (50 basis points), all of the major indexes crashed. Although “crash” is a bit of a subjective term, the nominal and percentage declines for all of the indexes sent shockwaves throughout Wall Street.
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Motley Fool
If You Invested $10,000 in Johnson & Johnson 10 Years Ago, This Is How Much You Would Have Today
Most of us use terms like “coulda, shoulda, woulda” as we detail a dream scenario in which a small investment can make us a millionaire several times over. Let’s take a look at the pharmaceutical company’s more recent past to see what an initial $10,000 investment a decade ago would shape up to today. In 2012, CEO Bill Weldon had led Johnson & Johnson for ten years but had proven unsuccessful in raising the stock price beyond the mid-$60 range, where it had hovered for most of his tenure.
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Motley Fool
Everything About MP Materials Is Up Triple-Digits
CO2 levels in the atmosphere hit an all-time high (since humans started taking measurements, at least) of 420 parts per million in April, as The Wall Street Journal reported on Thursday — and that’s probably bad news for global warming. Rare earths, such as the neodymium and praseodymium that MP mines, are essential for the manufacture of rare earth magnets that drive the electric motors powering most electric vehicles (EVs) today — and that, advocates hope, will help solve the climate crisis tomorrow. It makes sense then that with EV sales surging around the world, sales at MP Materials would be surging as well.
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Reuters
Rivian skids 14% to hit new low on report Ford to sell shares
Rivian’s shares were trading at $24.77, a far cry from their record of $179.5 in November last year. Ford is selling 8 million of its Rivian shares as the stock’s lockup period expired on Sunday, CNBC reported over the weekend, citing sources. Ford was Rivian’s fourth largest shareholder with a 11.4% stake, according to Refinitiv data.
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CNW Group
Galaxy Digital Announces First Quarter 2022 Financial Results
Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy Digital” the “Company” or “GDH Ltd.”) today released financial results for the three months ended March 31, 2022 for both itself and Galaxy Digital Holdings LP (the “Partnership” or “GDH LP”).
