Asia's Stock Suffered Decline, Despite Wall Street's High Indices
Despite Wall Street's record-breaking day, Asia's stocks fell on August 26. Stock prices in Malaysia and Thailand were up, while those in Indonesia and Japan were down, remained uniform in Singapore. Shanghai-Composite-Index declined 0.5% at 3,521.76. An increasing number of economists have expressed concern over rising Covid-19 cases and are betting that Fed officials will remain in a "wait and see" mode when it comes to inflation.
Tags: Stock market, Asian Stocks, Chinese, Wall Street
Courtesy: Deccan Herald
Bitcoin Value Stumbles By 7.9% To Clock $47,525
The market valuation of cryptocurrency spearhead 'Bitcoin' fell by 7.9% to clock $47,525 on April 23. Reportedly, the cryptocurrency soared at an all time high of $64,870 on April 14 before plunging below its 100-day moving average. Experts have warned of more future losses as US is eyeing to increase capital gain tax rate to 39.6%, thereby igniting negative investor sentiments. Notably, this is Bitcoin's worst performance since March 2020.… read-more
Tags: Bitcoin, Cryptocurrency, Wall Street, Stock market
Courtesy: The Indian Express
Wall Street Bull's Sculptor Arturo Di Modica Passes Away At 80
The sculptor of the famous Bronze Bull statue in New York's Wall Street, Arturo Di Modica, has passed away at the age of 80. Reportedly, the ailing artist died at his Vittoria home on February 19. Weighing over 3.5 tons, the bronze statue was installed without taking permission in 1989 to symbolize the 1987 US stock market crash. Interestingly, Arturo spent $350,000 of his savings to install the statue as "a joke, a provocation".
Tags: Arturo Di Modica, Wall Street, Bronze Bull Statue, Bull Statue
Courtesy: Hindustan Times
Apple Shoots Records With Over $111 Billion Revenue In Qtr 1
US tech giant Apple generated record-breaking revenue of $111.4 billion during its 2021 fiscal first-quarter (October-December). It collected $95.68 billion from products, $15.76 billion from services and $12.97 billion from wearables. As per analysts, sales worth $65.6 billion of 5G equipped iPhone 12, which was released in October 2020, majorly contributed to the total revenue. Besides, the Wall Street expects 220-million sales of iPhone… read-more
Tags: Apple, iphone 12, Wall Street, Technology, business
Courtesy: Business Insider