Page 33 - மராத்தான் டிஜிட்டல் ஹோல்டிங்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Futures fall as Fed hints at taper talk ; jobless claims data eyed

Futures fall as Fed hints at taper talk ; jobless claims data eyed
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Bitcoin Whipsaws Investors With Same-Day Plunge, Rally

Bitcoin Whipsaws Investors With Same-Day Plunge, Rally
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

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Tech stocks set to drag Wall St lower at open; Fed minutes in focus

Tech stocks set to drag Wall St lower at open; Fed minutes in focus By Medha Singh and Shashank Nayar Reuters (Reuters) -Wall Street s main indexes were set to drop at the open on Wednesday, led by losses in rate-sensitive technology stocks on fears that rising inflation could force the U.S. Federal Reserve to pare back its support soon. The yield on 10-year Treasury notes touched a one-week high, driving down shares of Apple Inc, Microsoft Corp and Facebook Inc by about 1% premarket. Tech and other growth stocks are sensitive to yields as their value rests heavily on earnings years into the future, which are discounted more deeply when expectations of interest rate hikes rise.

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Futures fall as tech stocks lag ahead of Fed minutes

BusinessWall Street falls for third day on inflation jitters ahead of Fed minutes Medha SinghShashank Nayar 5 minute read People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo Wall Street s main indexes fell for the third straight session on Wednesday, as investors dumped riskier assets on fears that rising inflation could force the U.S. Federal Reserve to pare back its support soon. Investors will also focus on minutes from the Fed s April policy meeting, where it stood pat on interest rates. The statement is due to be issued at 2 p.m. ET (1800 GMT).

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Bitcoin plunge exceeds 25%, wipes US$500bil from market value

BLOOMBERG: The crypto bubble added billions to nonsense digital tokens overnight is bursting. Bitcoin plunged more than 20% to less than US$35,000, wiping out more than half a trillion dollars in value from the coin’s peak market value. It has erased all the gains it clocked up following Tesla Inc.’s Feb. 8 announcement that it would use corporate cash to buy the asset and accept it as a form of payment for its vehicles. Ethereum, the second-biggest coin, sank more tha 40%, while joke token Dogecoin lost 45%. Prices for the digital asset dropped 12% to about US$38,000 as of 7:38 a.m. in New York. It’s now down around 40% from its record of almost US$65,000 set in April. Other crypto tokens dropped in tandem on Wednesday, with Ether losing more than 20%.

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