Money

Wall Street tumbles on China contagion

Published

3 years ago

September 21, 2021

ticker NEWS

Wall Street has plunged as fear of contagion from a potential collapse of China’s Evergrande prompted a broad sell-off

Overnight, investors were fleeing equities for safety.

The Nasdaq fell to its lowest level in about a month, and Microsoft Corp, Alphabet, Amazon, Apple, Facebook and Tesla were among the biggest drags on the index.

https://twitter.com/tickerNEWSco/status/1440080171306913798

All 11 major S&P 500 sectors were lower.

Investors also were nervous ahead of the Federal Reserve’s policy meeting this week.

It follows the collapse in the price of iron ore, which has shocked markets in Australia and throughout the world.

What does this mean for the Chinese economy?

https://twitter.com/tickerNEWSco/status/1440078608786096130

https://twitter.com/tickerNEWSco/status/1440095965881507840

Related Topics:Business Featured trending wall street

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Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.