meltdown

The Meta meltdown: This chart shows Facebook's fall from grace among the most valuable U.S. companies

The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable U.S. companies

Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the start of August. Meta, …

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Amid the Summer Flying ‘Meltdown,’ Add Lost Luggage

Amid the Summer Flying ‘Meltdown,’ Add Lost Luggage

The Apple AirTag tracking device that Lily Datta had placed in her luggage before leaving Cleveland on June 27 showed the suitcase had arrived in Paris the following day. That perplexed Ms. Datta because she and her family had no plans to go to Paris. Their destination was Vienna, with stops in Washington, D.C. and …

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Crypto's latest meltdown leaves punters bruised and bewildered

Crypto’s latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who …

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Canadian professor mask-shames flight attendant but it backfires spectacularly as he suffers complete meltdown

Canadian professor mask-shames flight attendant but it backfires spectacularly as he suffers complete meltdown

A Canadian professor mask-shamed a United Airlines flight attendant, but it backfired spectacularly when he suffered a complete meltdown online. Amir Attaran is a professor in the Faculties of Law and School of Epidemiology and Public Health at the University of Ottawa. On Saturday, Attaran was aboard a United Airlines flight from Ottawa to Chicago, …

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Crypto industry braced for fallout after weekend meltdown

Crypto industry braced for fallout after weekend meltdown

Crypto investors and executives are bracing themselves for further pain after the price of bitcoin tumbled over the weekend, worsening the credit crunch hitting the industry. Bitcoin, the world’s most actively traded cryptocurrency, fell as low as $17,628 on Saturday before rebounding, according to data from CryptoCompare. Investors and executives have been anxiously watching the …

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Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days. Michael M. Santiago/Getty Images hide caption toggle caption Michael M. Santiago/Getty Images A Bitcoin ATM is seen at a subway station in Brooklyn Heights in …

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Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Further waves of reckoning swept through the cryptocurrency industry Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth of its staff and crypto lender Celsius Network LLC hiring a law firm to examine restructuring options. Coinbase, one of the signal growth companies of the crypto boom, said it was slashing …

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The S&P 500 is clinging to a key support level after Friday's meltdown, here's what happens if that fails

The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails

Last week’s shock U.S. inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s …

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