(Bloomberg) — A downbeat outlook on the US housing market from James Hardie Industries Plc sent shares of the building materials producer tumbling the most in five decades, the latest sign of caution around a pillar of the world’s largest economy.
The company’s shares tumbled 28%, the most since November 1973,
» Read more about: US Housing Warning Sparks Worst James Hardie Selloff Since 1973 »
Bullish makes crypto IPO history, then tanks originally appeared on TheStreet.
Bullish, the global digital asset platform behind the BLSH stock ticker, has completed a landmark IPO, becoming the first U.S. public company to settle the majority of its offering proceeds in stablecoins.
» Read more about: Bullish makes crypto IPO history, then tanks »
Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure.
The update comes after Ark added 356,346 Bullish shares to ARKK on Aug.
» Read more about: Ark Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares »
Investing
Founded in 1869, Goldman Sachs is the world’s second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue.
» Read more about: Goldman Sachs Buy-Rated Energy Services Dividend Stocks With Up to 25% Upside »
Constellation Energy has positioned itself as a major supplier of reliable, carbon-free energy.
In the past year,
» Read more about: Is Constellation Energy Stock a Buy Now? »
Wall Street’s main indexes closed roughly flat on Monday, after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve’s annual symposium in Jackson Hole.
Walmart, Home Depot and Target, among others,
NEW YORK (AP) — Wall Street faded on Tuesday following drops for Nvidia and other stars that have been riding the mania surrounding artificial-intelligence technology.
The S&P 500 fell 0.6% for a third straight loss, though it remains near its all-time high set last week.
TOKYO (AP) — Asian shares retreated on Wednesday, tracking a decline on Wall Street led by technology shares including Nvidia and other stars that have been riding the mania surrounding artificial-intelligence.
Benchmarks fell in Japan, South Korea and Taiwan, pulled lower by selling of computer chip makers.
» Read more about: Asian shares retreat, tracking tech losses on Wall Street »
Outside of Hurricane Erin in the western Atlantic, the National Hurricane Center is monitoring two areas of disturbed weather in the Atlantic Ocean, but forecasters say neither appears likely to develop into a tropical cyclone that would immediately threaten any landmasses.
On this bulletin, the focus is on the repeated threats and imposition of sanctions by the United States on India. The White House states, ‘The President has taken actions to pressure Putin, like the sanctions on India, to end this Russia-Ukraine war.’ This comes amidst discussions on the Russia-Ukraine conflict. There is a perceived duality in the US administration’s policy,