Worldcrunch
Updated Feb. 8, 2024 at 1:00 p.m. On this day in 1971, NASDAQ, the world’s first electronic stock market was created in New York City. What is NASDAQ? The NASDAQ (National Association of Securities Dealers Automated Quotations) is an American stock exchange. The NASDAQ is operated and owned by the Nasdaq, Inc. and it is […]
MILAN — There were a few moments of silence when I told my girlfriend what I’d done. I’d kept the information from her for a few days, fearing her reaction and forced to explain: I had chucked a few hundred dollars at shares of the so-called “meme stock” extraordinaire GameStop on the New York Stock […]
CHINA STOCKS RESUME SLIDE AMID CRACKDOWN Chinese equities fell again today despite ending higher on Friday, following a devastating week for the country’s stock markets. The benchmark Shanghai Composite Index dropped 0.8%, and although the Shenzhen CSI 300 ended up 0.7%, both fell by as much as 4% at one point, Reuters reports. This came […]
MIGRANT BOAT SINKS OFF LIBYA More than 200 people are feared to have drowned off the Libyan coast after two boats sank early Thursday, the BBC reports. The Libyan coast guard said it had rescued some 200 from the two separate boats carrying some 450 people in total . The victims are said to include […]
MORE VOLATILITY IN CHINA Chinese stocks continued to fall for a fifth consecutive day, despite the People’s Bank of China cutting its key lending rate in a bid to restore calm to the stock markets. A volatile Shanghai Composite index eventually fell by 1.3%, after rising by as much as 4.3% and dropping 3.9%. After […]
CHINA MARKETS CONTINUE DIVE The Chinese stock market continued to crumble today, with the Shanghai Composite index closing down 7.6% at 2,964.97 points. Japan also saw more sharp falls with Tokyo’s Nikkei index falling 4%, Reuters reports. TYPHOON GONI HITS JAPAN Photo: Yuan Jing/Xinhua/ZUMA Typhoon Goni has made landfall on Japan’s main island of Kyushu, […]
BLACK MONDAY IN CHINA Photo: Zhang Yixi/Xinhua/ZUMA Chinese stocks plunged 8.5% today after their worst trading day since the beginning of the 2007 financial crisis. What Xinhua described as “Black Monday” saw the Shanghai Composite index’s entire gains for the year wiped out after weeks of free fall, despite strong government intervention. The crisis intensified […]
GREEK STOCKS KEEP SINKING Greek stocks have continued their descent on Tuesday, on the second day of heavy losses after a five-week shutdown of Greece’s stock exchange amidst the debt crisis. All four major Greek banking stocks were down around 30% in early trading. KOSOVO WAR CRIMES COURT Kosovo’s parliament voted late Monday night to […]
OBAMA TO UNVEIL CLIMATE CHANGE ACTION PLAN U.S. President Barack Obama is set to unveil what he described as “the biggest, most important step we’ve ever taken” to tackle climate change. The revised Clean Power Plan aims at cutting greenhouse gas emissions by almost one-third over the next 15 years and represents “the administration’s boldest […]
REUTERS, BLOOMBERG Worldcrunch NICOSIA – Global markets tumbled Monday as new doubts spread about the solvency of the eurozone with the Cypriot government preparing to impose a new levy on bank deposits in order to qualify for bailout funds. Finance ministers in the eurozone Sunday had demanded that Cypriots pay up to 10% of their […]
WALL STREET JOURNAL, CNN, BLOOMBERG (USA), REUTERS Worldcrunch WASHINGTON – The House of Representatives has approved a Senate bill to avoid the American and global economy facing the dreaded consequences of the so-called “fiscal cliff” of automatic tax hikes and spending cuts across the United States. Hailed as a victory for President Barack Obama, the […]