#plunges

(via Truth Social Stock Plunges to Lowest Level in Months - Newsweek)

Speaking to Newsweek, Christopher Phelps, a professor of modern American history at the University of Nottingham in the U.K, suggested the actual value of the company should be lower.

"What is the fair value of a stock's share price when the company is losing money and has never shown a profit?" he said. "What if it is a social media company that is unlikely to attract much advertising because it has only five million active users versus the 368 million on X and 2.9 billion on Facebook?

Stocks in the U.S. plummeted after the opening bell on Monday, as jittery investors reacted to the potential fallout from the war in Iran, including the impact on global oil supplies. The Dow Jones Industrial Average slid 1,110 points, or 2.2%, in early trading, while the S&P 500 and the tech-heavy Nasdaq Composite each dropped 1.9%. “Global financial markets are in disarray, anticipating a…

In brief Bitcoin open interest dropped by 8,500 BTC in under 48 hours, a $700 million unwind of leveraged positions. One crypto whale saw profits plummet by 93% to $4M, leaving them sitting on $37M in unrealized losses on long positions. An analyst says the sell-off was driven by leverage, unlike October’s spot-driven liquidation event. The crypto market continued its downward slide Friday…

A fresh move lower in Asian morning exacerbated losses for hopeful traders as bitcoin lost the $98,000 level for the first time since May, extending a week-long bleed that has dragged majors sharply lower. Ether fell more than 8% to around $3,500, while XRP, DOGE$0.1640, Solana’s SOL and Cardano’ ADA posted similar declines. The tone remained decisively risk-off, with crypto tracking equity…

Reuters At least 37 people were killed and dozens injured in Peru when a bus plunged into a 200m (650ft) deep ravine after a head-on collision. The incident happened in the early hours of Wednesday morning on a “rugged” stretch of the Pan-American Highway that connects Peru with Chile in the country’s southern region of Arequipa. Local media say the bus was carrying 60 passengers when it smashed…

Democrat Abigail Spanberger’s Virginia gubernatorial campaign is challenging President Trump’s claims of economic success, arguing that voters are experiencing economic strain rather than prosperity.

Large parts of Kyiv were plunged into darkness in the early hours of Friday after Russian drones and missiles struck Ukrainian energy facilities, cuttingpower and water to homes and halting a key metro link across the Dnipro river.