President loses $101m in bitcoin gamble
The world leader sank $156 million of his personal fortune into bitcoin. Now it’s worth less than half that.
World Markets
Aussie share market going ballistic
The Australian stock market surged by more than 2 per cent on Friday, following Wall Street’s lead after a drop in US inflation.
Musk’s nightmare result after $4b call
The world’s richest man has been forced to sell $4 billion of his Tesla shares to try and fund his Twitter deal. And it hasn’t gone well.
$16 billion wiped off Aussie giant in minutes
Shares in one of Australia’s most successful companies have plummeted overnight, with software giant Atlassian losing billions in minutes.
Apple’s surprise stock price leap
Apple has ended the week with a sizeable gain on the US stock market, despite the tech giant’s iPhone sales falling bellow estimates.
Billionaire watches his fortune disappear
The Facebook founder has now officially lost more money than anyone else in the world in the past 13 months.
Mark Zuckerberg’s $1 trillion mistake
Mark Zuckerberg took a huge gamble with Facebook, but now his company is haemorrhaging a staggering amount of money.
ASX reacts to ‘stunning’ Wall St rally
Australia’s share market has reacted to one of Wall Street’s largest intra-day turnarounds in history, surging 1.8 per cent.
‘Extreme’ US dollar rise sparks fears of crash
The dazzling rise of the US dollar is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis.
Crisis meeting as PM dealt massive blow
UK Prime Minister Liz Truss held crisis talks on Friday as the British economy continues to tank – but it’s another a shock development that’s left her reeling.
‘What were you thinking?’: PM confronted
British Prime Minister has emerged from “hiding” amid her nation’s financial turmoil, only to be confronted by a barrage of angry questions.
‘This is bad’: Drastic intervention amid crisis
The central bank of the United Kingdom has announced a drastic intervention in a desperate attempt to stabilise panicking financial markets.
Bank’s warning after UK pound crashes
The Bank of England has vowed it “will not hesitate” to hike interest rates again after the pound crashed to a record low on Monday.
Warning for Australia in pound’s collapse
The British pound has crashed to an all-time low against the US dollar as the currency’s slump serves as a major warning for Australia.
‘Scary’ scenes as global markets plunge
Wall Street neared bear market territory on Friday as stocks fell sharply to end the week with the Dow down more than 800 points.
Proof bitcoin is finally dead
An expert has claimed bitcoin is officially dead as the crypto approaches its ninth consecutive month of plunging values.
Alarm in China as boss goes into ‘panic mode’
The founder of technology company Huawei has sparked alarm in China after warning about a ‘very painful’ decade ahead.
More bad news for Aussie fitness empire
A struggling Aussie fitness franchise that’s been savaged on the international stock markets now faces a new challenge from overseas heavyweights.
Shock graph behind Aussie stock bloodbath
A graph reveals the stunning depths one Aussie company’s global ambitions have sunk to following another share market bloodbath overnight.
Russia’s new move ignites US’ ‘biggest fear’
Russia’s latest move could plunge European countries into a winter fraught with severe gas shortages and crippling price hikes, and it’s got global consequences too.
Why there’s no let-up in vegetable prices
A high-profile grower says Aussies need to get used to paying “that little bit more” for vegetables or risk shelves full of imported products.
Big financial firm on brink of collapse
Another cryptocurrency trading platform has barred users from withdrawing their assets, with the blistering Crypto Winter taking another victim.
$4.7 billion owed after mega crypto collapse
Cryptocurrency lending platform Celsius Network owes its 1.7 million users billions of dollars, CEO and founder Alex Mashinsky has said.
Crypto ‘bank’ on brink of collapse
A crypto platform used by 1.7 million people is on the brink of collapse as its debts pile up to eight figures with all its accounts frozen.
Blood everywhere in the crypto world
Bitcoin dipped below US$19,000, Ethereum has been in danger of losing US$1,000 and there’s blood everywhere you turn in the crypto world.
Biggest drop in 50 years puts world on edge
There are grim signs for the global economy as the US stock market saw its worst first half of trading in more than half a century.
Billionaire ‘CZ’ makes grim bitcoin prediction
The boss of one of the world’s most popular cryptocurrency platforms has made a punishing two-year prediction for bitcoin.
$1 billion sign China has abandoned Australia
Australia’s biggest trading partner has dramatically scaled back investment Down Under, in another painful blow for the economy.
Big decision on crypto in Australia
The Australian Government has made a major announcement on cryptocurrencies after a big decision on the treatment of Bitcoin overseas.
Coin that could absolutely destroy crypto
It’s been a nightmare few months for cryptocurrency investors, with billions being wiped off the market in a matter of weeks, but it’s about to get a whole lot worse.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/17