The FinTech Hub
Source: Live Mint Feb 25 – Tesla’s stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the first time since November after data showed the electric car maker’s sales slumped in Europe in January. The European Automobile Manufacturers Association reported that Tesla sales dropped 45% in Europe, compared with a 37%…
Source: Live Mint (Bloomberg) — The Solana cryptocurrency sank to the lowest level since early November as the president of Argentina became embroiled in a scandal involving a memecoin launched on the token’s blockchain. Solana, the sixth-largest crypto token, has lost about 25% of its market value since Feb. 14 as Argentina President Javier Milei…
Source: Live Mint LONDON, Jan 29 (Reuters) – Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese artificial intelligence model, according to a Goldman Sachs trading update and industry figures on Tuesday. Hedge funds that pick stocks based on company…
