Wiping

Atlassian stock drops 23% after earnings, potentially wiping away more than $10 billion in valuation

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Atlassian Corp. shares dropped in the extended session Thursday after the business-collaboration software company’s earnings and revenue outlook fell short of Wall Street expectations as executives saw signs of economic weakness taking hold. Atlassian TEAM, +1.03% shares plummeted 23% after hours, following a 1% rise in the regular session to close at $174.17. The company … Read more

Ethereum sets record ETH short liquidations wiping out $500 billion in 2 days

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Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become. Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25. Two days, half a billion dollars of ETH shorts It is not just … Read more

Fed Is Losing Billions, Wiping Out Profits That Funded Spending

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(Bloomberg) — Profits and losses aren’t usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity. Most Read from Bloomberg The bond market is enduring its worst selloff in a generation, triggered by high inflation and … Read more