S&P 500 posts worst H1 in 52 years; energy only gainer, as as oil prices soared

The S&P 500 ended the first half of the year with a 20.6% fall, marking its worst H1 since 1970. Alongside the benchmark index, the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) also lost 20.6%. A combination of factors caused the slump, starting with surging COVID-19 cases driven by the Omicron variant at the beginning of … Read more

EIU Liveability Index: Bengaluru ranks 146th, worst place to live in India

Even as the top 10 world’s most liveable city list 2022 continues to be dominated by the Western European countries, the Indian cities have faired poorly this year, with Bengaluru ranking at 146th position — the least livable city in India. The national capital has been ranked at 112th … Read more

Bitcoin on pace for worst first half in its 12-year history (Cryptocurrency:BTC-USD)

Tevarak/iStock via Getty Images Bitcoin (BTC-USD) experienced its worst first half of a year in its 12-year history, dropping 60.3% in the first half of 2022, according to CoinMarketCap data. That compares with bitcoin’s (BTC-USD) second-worst half in 2018 (-54.7%) when retail investors jumped out of the world’s largest digital token by market cap as … Read more

Richest Billionaires Lose $1.4 Trillion in Worst Half Ever

(Bloomberg) — Elon Musk’s fortune plunged almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half. Most Read from Bloomberg All told, the world’s 500 richest people lost $1.4 trillion in the first half of 2022, a dizzying decline that marks the … Read more

Gold ends worst quarter since Q1 2021 on central banks’ hawkish talk (NYSEARCA:GLD)

hernan4429/iStock via Getty Images Gold futures fell for a fourth straight session Thursday, sending prices to their lowest finish since early February and wrapping up the metal’s worst quarterly performance since Q1 2021. Comex gold (XAUUSD:CUR) for August delivery closed -0.6% to $1,807.30/oz, down 2.2% for the month and 7.5% for the quarter, as the … Read more

Gold bound for worst quarter in over a year on hawkish Fed

Breadcrumb Trail Links PMN Business Author of the article: Reuters Ashitha Shivaprasad Article content Gold slipped on Thursday, heading for its worst quarter in five as a hawkish tone from global central banks dimmed appeal for the non-yielding asset. Spot gold fell 0.6% to $1,806.55 per ounce by 2:36 p.m. ET (1836 GMT), on track … Read more

Gold inches higher; set for worst quarter in five as dollar shines

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Jun 29, 2022  •  17 minutes ago  •  1 minute read  •  Join the conversation Article content Gold firmed on Thursday as U.S. Treasury yields dipped, but faces its worst quarter since early 2021, as the dollar cemented its place as the safe-haven asset of … Read more

Carnival Stock Could Fall to $0 in a Worst Case Scenario, Analyst Says

Text size Carnival Dream cruise ship is docked at Port B in Key West, Florida. Chandan Khanna/AFP via Getty Images Carnival stock was tumbling Wednesday after Morgan Stanley cut its price target to a Wall Street-low, saying it sees the case for a stock wipeout. Morgan Stanley analysts slashed their base case price target to … Read more