In July 2020, the digital world held its breath as one of social media’s biggest security breaches unfolded in real time. Joseph James O’Connor, a Liverpool-born hacker operating under the alias “PlugwalkJoe,” orchestrated a stunning attack on Twitter that compromised more than 130 high-profile accounts in a matter of minutes. The targets read like a […]
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Walmart announced Friday that longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some given the company’s success in a rapidly evolving retail landscape. John Furner, Walmart’s U.S. CEO, will assume the role of overall CEO on Feb. 1, the company said. McMillon will continue to […]
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Tesla stock (NASDAQ: TSLA) fell sharply on Tuesday, sliding more than 3% to close at $396.40, as investors reevaluated the company’s bold bets on autonomous vehicles. The stock’s decline wiped out billions in market value and underscored nagging doubts about the timeline and commercial viability of Tesla’s Robotaxi ambitions. The electric vehicle pioneer has leaned […]
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Wix’s stock price has crashed to a bear market this year, as it has crashed by over 48% from its highest level this year, as concerns about its growth and the emerging competition rise. It was trading at $126 on Wednesday, with its market capitalization remaining at $7 billion, down from the year-to-date high of […]
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US equities fell sharply on Tuesday as investors retreated from major technology names, and sentiment across risk assets deteriorated further. The Dow Jones Industrial Average declined 466 points, or 1%, while the S&P 500 shed 1%, putting it on course for a fourth straight day of losses — its longest downturn since August. The Nasdaq […]
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Chile’s peso and equities firmed on Monday, while local bond yields edged lower, as markets interpreted the first-round presidential vote as opening the door to more market-friendly policies. Far-right candidate José Antonio Kast is now seen as the frontrunner for the December 14 runoff despite finishing slightly behind government coalition candidate Jeannette Jara on Sunday. […]
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Tesla’s stock dipped on Friday morning, even after shareholders overwhelmingly approved CEO Elon Musk’s record-breaking $1 trillion compensation package. Shares fell 5.04% to $423.40 although they have recovered to $429.44 at the time of writing, still down 3.69%. The market reaction may seem counterintuitive given the resounding vote of confidence in Musk’s leadership. However, analysts […]
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The crypto market remained under pressure last week, with Bitcoin, Ethereum, and Ripple (XRP) dropping by double digits. This decline happened as the total open interest pulled back and as the fear and greed index slipped. This article explores some of the top cryptocurrencies to watch this week, including Avalanche (AVAX), Cronos (CRO), and LayerZero […]
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Ethereum price remained under pressure on Sunday as sentiment in the crypto industry worsened. ETH token was trading at $3,187, down by over 36% from its all-time high, meaning that it is in a deep bear market. The coin may be about to drop further as a risky pattern nears. Ethereum price is about to […]
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The Dow Jones Industrial Average rallied on Tuesday while the Nasdaq Composite faltered, as investors shifted funds from high-valued technology shares into more defensive sectors such as health care. The move reflected renewed caution toward artificial intelligence-linked stocks, which have faced pressure this month amid valuation concerns and mixed earnings results. The blue-chip Dow rose […]
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