plummet

September wipes out $550 billion as tech giants and crypto markets plummet D_Trends

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September wipes out 0 billion as tech giants and crypto markets plummet D_Trends

Global financial markets were jolted on September 3 as both major tech stocks and cryptocurrencies experienced severe downturns, erasing significant market value. The “Magnificent 7” tech giants—comprising Alphabet (Google’s parent company), Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—collectively shed a staggering $550 billion in market capitalisation, marking one of the most substantial single-day losses for … Read more

Intel to cut 15% jobs, suspend dividend; shares plummet D_Trends

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Intel to cut 15% jobs, suspend dividend; shares plummet D_Trends

A man walks past the Intel logo at its booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. — Reuters Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centred … Read more