Bitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 10% and was trading near $38,425 late Friday morning, according to Coin Metrics. Ether, the second-largest cryptocurrency by market cap, dived more than 12% to $2,807. The […]
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Nasdaq heads for worst week since 2020; Netflix shares dive 21% on Friday
The Nasdaq Composite was on pace for its worst week since 2020 on Friday as sharp losses in streaming giant Netflix dragged the technology-focused index deeper into correction territory. The Nasdaq Composite declined 0.7%. The Nasdaq is down 5.6% since Monday, track for its worst week since October 2020. The […]
Nasdaq falls as Netflix drags index deeper into correction territory
Stocks moved lower on Friday as sharp losses in streaming giant Netflix dragged the Nasdaq Composite deeper into correction territory. The Dow Jones Industrial Average fell by 60 points, or 0.2%. The S&P 500 lost 0.3%. Both the Dow and S&P 500 are on track for a third straight week […]
Boom times are back on Wall Street as some Goldman partners mint $15 million pay packages
Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York City, United States on August 16, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Bonus season has arrived on Wall Street, and the bankers who produced record revenue last year […]
Kids’ Covid hospitalizations hit pandemic high, worrying doctors and parents about long-term impact
A respiratory therapist checks on Adrian James, 2, who tested positive for the coronavirus disease (COVID-19) and is on a ventilator, at SSM Health Cardinal Glennon Children’s Hospital in St. Louis, Missouri, U.S., October 5, 2021. Callaghan O’Hare | Reuters Trisha DeGroot’s 10-year-old daughter, Rainey, returned to her Houston home […]
Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs
A Peloton Bike Shannon Stapleton | Reuters Peloton shares are up more than 5% in premarket trading Friday after the company said it’s resetting its production levels and considering layoffs in order to make its business more “flexible.” Chief Executive John Foley sent a memo to workers late Thursday that […]
Nasdaq futures fall 1% as Netflix drags tech-heavy index deeper into correction territory
Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Nasdaq futures moved lower in early morning trading on Friday, following a disappointing earnings report from Netflix, building on the major averages’ […]
Stocks making the biggest moves premarket: Schlumberger, Netflix, CSX and others
Check out the companies making headlines before the bell: Schlumberger (SLB) – The oilfield services company’s stock rose 1% in the premarket after it beat top and bottom-line estimates for the fourth quarter. Schlumberger earned an adjusted 41 cents per share, 2 cents above estimates, as higher oil prices spurred […]
Peloton CEO says company is taking ‘significant corrective actions,’ puts 2Q revenue in forecast range
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Peloton said Thursday that its fiscal […]
Nasdaq 100 futures fall after Netflix’s earnings disappoint
U.S. stock index futures were mixed during early morning trading on Friday, following a disappointing earnings report from Netflix, building on the major averages’ declines during regular trading. Futures contracts tied to the Dow Jones Industrial Average were up by 52 points, or 0.16%. S&P 500 futures edged lower, while […]