The announcements mark an escalation of the sanctions already set by Western powers since President Putin invaded Ukraine. What Are Sanctions? Sanctions are penalties assessed by one country to stop it from acting aggressively or breaking international law. The actions will damage a country’s economy or the finances of individual citizens, such as leading politicians. They …
Shares of Stitch Fix Inc. tumbled on Tuesday’s after-hours trading after the company lowered its financial guidance for the full year. The online styling service sank 18.89% or 2.08 points to $8.93 per share. It reversed its gain of 4.36% or 0.46 points to $11.01 per share in the regular hours market. Accordingly, this downturn …
Stitch Fix stocks fall on lower financial guidance Read More »
On Tuesday, Apple Inc. will hold its first launch event of the year. Experts expected the company to announce a low-cost 5G iPhone. The firm will host the event in a live stream on Apple Park headquarters in Cupertino, California. It has launched online-only events since the start of the pandemic two years ago. The …
On Tuesday, US stocks futures stepped lower, with the Dow Jones Industrial Average falling into correction territory. The contracts tied to the blue-chip DJIA tumbled 0.12% or 45.00 points lower to the 32,740 price level. At the same time, the Nasdaq futures slashed 0.26% or 33.75 points to the 13,285.50 price level. Likewise, the S&P …
US stock futures slip; DJIA in correction territory Read More »
On Monday, Netflix Inc. pulled out its service in Russia in response to Moscow’s invasion of Ukraine. The streaming giant had halted its acquisitions and operations in the country earlier this week. Subsequently, the US-based platform had four Russian-language series in production and post-production. This includes a contemporary retelling of Anna Karenina, the streamer’s first …
On Monday, Asia-Pacific stocks edged lower, with the region’s key indexes hitting new lows on growing concerns about the Russia-Ukraine conflict. Investors worried about the possible economic fallout amid the geopolitical tension as they prospected a ban on Russian crude supplies. In Japan, the benchmark Nikkei 225 tumbled 3.29% or 854.93 points to the $25,130.54 …
Asia-Pacific stocks drop on Russia-Ukraine conflict Read More »
Before Russia invaded Ukraine last week, the global oil market was already tight. Heretofore sent benchmark Brent and U.S. West Texas Intermediate (WTI) crude futures soaring over 15% to around 10- and 14-year highs, individually. The United States and allies imposed sanctions on Russia that, while not explicitly targeting Russia’s daily exports of 4 million …
Traders Boost Bullish Bets in The U.S. Oil Options Read More »
The West is increasingly concerned over Russia’s possible use of cryptocurrencies to circumvent sanctions; hence, some Russians employ their Bitcoin (BTC) to support the Ukrainian people. Pavel Muntyan, a prominent Russian animation producer and creator of Mr. Freeman’s animated web series, has called on anti-war Russians to help Ukrainian citizens amid Russia’s ongoing military attack …
Russian Opposition Starts Donating Crypto to Ukraine Read More »
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