Tag: trading

US stocks fall as another bumpy week of trading nears end

Stocks are falling in afternoon trading on Wall Street Friday, as another zig-zag week for markets closes out following their abrupt loss of momentum this month

NEW YORK — Stocks are falling in afternoon trading on Wall Street Friday, as another zig-zag week for markets closes out following their abrupt loss of momentum this month.

The S&P 500 was down 1% and is on pace for its third straight weekly loss.

The Dow Jones Industrial Average fell 150 points, or 0.5%, to 27,759, as of 12:43 p.m. Eastern time, and the Nasdaq composite fell 1.7% after initially eking out a gain earlier in the day. Smaller stocks also fell, with the Russell 2000 index of small caps down 0.7%.

Analysts warned that

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From data lakes to data trading: How information as an asset is still transforming business

There’s a “South Park” episode where gnomes are collecting underpants with the goal of profit, but they have no idea of what comes in between. It was a bit like that in the early days of big data, when companies were feverishly collecting information to store in data lakes only to have it sit stagnant, not doing anyone any good.

But unlike the gnomes, technology found the missing link between resource and profit. Now, the ability to access stored data is the critical divide between companies that are flourishing and companies that aren’t.

“We’ve been saying for 10 years: Backup cannot be an insurance; backup cannot be a destination; it has to be something that you can use as an asset,” said Ash Ashutosh (pictured), founder, president and chief executive officer of Actifio Inc.

Ashutosh spoke with Dave Vellante, host of theCUBE, SiliconANGLE Media’s livestreaming studio, during the Actifio

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Thai central bank to allow gold trading in dollars soon

By Orathai Sriring and Kitiphong Thaichareon

BANGKOK, Sept 10 (Reuters)Thailand’s central bank will allow gold trading in U.S. dollars soon but it will not be mandatory, an assistant governor said on Thursday, as it tries to curb the impact of the precious metal on a stubbornly strong baht currency.

The revised rules should help reduce exchange rate volatility as domestic gold prices are linked to global gold prices XAU=, Vachira Arromdee told reporters.

“This is to provide more options for gold investors, such as for online trading,” she said.

The central bank has sent to the finance ministry adjusted rules on foreign currency deposit accounts to support gold trading in dollars, Vachira said.

The baht THB=TH strengthened by 0.3% to 31.29 per U.S. dollar at 0615 GMT, which exporters say is much stronger than the 33-34 baht rate that they need for shipments.

The central bank

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Japanese Billionaire Regrets Losing $41 Million in Stock Trading

(Bloomberg) — A Japanese billionaire said on Twitter that he had lost 4.4 billion yen ($41.4 million) by trading stocks amid volatile swings triggered by the pandemic.

In a tweet titled “Deep Regrets,” Yusaku Maezawa, founder and former chief executive of online fashion retailer Zozo Inc., said he lost money through day trading — a practice he has failed to master. He expressed regret over the sum he had lost and vowed to recover it through his business.

“I was blinded by the virus-driven market swings and lost 4.4 billion yen through repeated short-term trading of stocks, something I haven’t familiarized myself with,” Maezawa said in the Sunday tweet. “With 4.4 billion yen, how many people could the money have been given out to and saved? There’s no end to this regret.”



Yusaku Maezawa posing for the camera: News Conference As Yahoo Japan Agrees to Buy Majority Stake in Fashion Site Zozo


© Bloomberg
News Conference As Yahoo Japan Agrees to Buy Majority Stake in Fashion Site Zozo

Yusaku Maezawa

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Watching people opening trading cards online is actually big business

If watching online gamers on Twitch is a bridge too far from your childhood memories of playing Space Invaders on your Atari 2600, then you may not be in to what’s happening in the sports trading card world.

A resurgence in trading cards is being fueled, in part, by an experience called “group breaking,” and Chris Keller, who owns Top Shelf Sports Cards in Elgin, has been in on the trend that started about a decade ago.

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

 

“When we were growing up, we collected our sports cards, and they made them by the tens of millions,” Keller said. “You could go in a little shop and buy a hobby box for 20 to 30 bucks and you got 24 packs of cards.”

Today, there are fewer licensed companies, and they’re making fewer cards. And the boxes now cost hundreds of dollars but guarantee a certain number of autographed or memorabilia

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