Adobe is worth $26 billion less as DocuSign fears a ‘knee jerk reaction’ to stocks

Shares of Adobe Inc. fell to their worst performance in more than 20 months on Friday, after DocuSign Inc. delivered what some saw as the latest sign of a cooling demand for work-from-home software. DocuSign DOCU, -42.22% Chief Executive Dan Springer acknowledged on Thursday that while his electronic signature company has seen “accelerated growth” for … Read more

‘A perfect storm’ as bitcoin causes a weekend crash that leaves it on the brink of ‘breakdown’. This is what crypto bulls say.

A downturn in global equities appears to be spilling over into the nascent crypto market, with a period of weekend sales erupting in a mini-flash crash in the prices of bitcoin and other notable digital assets. Last check Saturday afternoon New York time, bitcoin BTCUSD, -21.43% changed hands for $48,186.96 on CoinDesk, a 12% drop … Read more

Bitcoin Price Plunges After Wall Street Selling

Bitcoin and other cryptocurrencies fell sharply on Saturday, another sign that investors were pulling back from riskier bets following this week’s stock market sell-off. Bitcoin, the largest cryptocurrency by market value, traded at $48,125.67 on Saturday around 12:30 p.m. Eastern Time, down more than 12% in 24 hours, according to data from CoinDesk. By midnight, … Read more

Nvidia stock flirts with correction territory after FTC files lawsuit to stop Arm deal

The shares of Nvidia Corp. flirted with a correction Friday, a day after the chipmaker’s chances of acquiring chip designer Arm Ltd. to be completed further decrease. Nvidia NVDA, -4.46% stocks, which were down a whopping 6% on Friday, closed 4.5% lower at $306.93, or 8% lower than their all-time high of $333.76 on Nov. … Read more

Bitcoin Price Plunges After Wall Street Selling

Bitcoin and other cryptocurrencies fell sharply on Saturday, another sign that investors were pulling back from riskier bets following this week’s stock market sell-off. Bitcoin, the largest cryptocurrency by market value, traded around 9:30 a.m. Eastern Time Saturday at $47,555.84, a 16% drop in 24 hours, according to data from CoinDesk. By midnight, it had … Read more

Bitcoin Price Plunges After Wall Street Selling

Bitcoin and other cryptocurrencies fell sharply on Saturday, another sign that investors were pulling back from riskier bets following this week’s stock market sell-off. Bitcoin, the largest cryptocurrency by market value, traded around 9:30 a.m. Eastern Time Saturday at $47,555.84, a 16% drop in 24 hours, according to data from CoinDesk. By midnight, it had … Read more

Cathie Wood’s ARK Innovation ETF Sinks During Selloff

A broad sell-off in tech stocks is penalizing fund manager Cathie Wood’s flagship ARK Innovation exchange-traded fund. The popular ETF, which goes by the ticker ARKK and focuses on high-growth, “disruptive” companies, fell 5.5% on Friday, while technology stocks fell sharply. Concerns about inflation and the potential economic impact of the novel Omicron variant of … Read more

Traders see the next US CPI reading close to 7% as volatile markets try to shake off omicron and the aggressive hub of the Federal Reserve

Financial markets, still on a roller coaster ride given the unknown impact of the coronavirus omicron variant and the aggressive turn of the Federal Reserve, may be in for another surprise when the next US consumer price index report is released Friday. Traders in derivative-type instruments known as “fixings” are betting that the nominal year-over-year … Read more

A new study finds that most COVID-19 boosters boost immunity, even though there’s no winning shot

The first study directly comparing COVID-19 boosters found that most injections improved immune responses in fully vaccinated people, but there’s no clear “winner” to help make a decision. “In terms of a ‘best’ booster, there is no definitive winner, but there are some losers,” analysts from SVB Leerink told investors on Friday. The study, published … Read more

Bitcoin Price Plunges After Wall Street Selling

Bitcoin and other cryptocurrencies fell sharply on Saturday, another sign that investors were pulling back from riskier bets following this week’s stock market sell-off. According to data from CoinDesk, Bitcoin, the largest cryptocurrency by market value, fell 18% to $46,571.84 at about 7 a.m. ET. It temporarily reached $42,000 before bouncing back. Ether, the second … Read more