Black Thursday

As Larry Ellison sits in one of several idyllic bubbles he has created for himself, a lush 249-acre estate in Rancho Mirage, California, the playground of the powerful near Palm Springs, the world begins to fall apart. It’s Black Thursday, March 12, 2020: The U.S. stock market has suffered its…

Click to download audio version In the aftermath of the so-called "Black Thursday" crash from several weeks ago, MakerDAO's "DAI" ethereum backed dollar pegged stablecoin came untethered and was, for a time at least, functionally insolvent. In the aftermath, holders of the MKR token which allows holders to participate in governance…

The global COVID-19 crisis has sent the world’s markets into a tailspin, with virtually every asset class affected. On Monday, March 9, the NYSE tripped its circuit breakers for only the second time in history as the S&P 500 (NYSE:S&P) dropped by 7% just three minutes into the day’s trading.…

Annabelle Quince: Welcome to Rear Vision here on ABC Radio National. I'm Annabelle Quince and today the story of the 1929 stock market crash.Reporter: Global financial markets have been in freefall as fears reverberate around the world about the spread of the Coronavirus.Reporter : The All Ords index has lost…

Authored by Keith Wareing via CoinTelegraph.com, Bitcoin price has started to show signs of stabilization since the black Thursday selloff two weeks ago, but is this something we can expect to continue? Or is this a dead cat bounce on the way down to lower lows? In today's analysis I’m looking…

Bitcoin’s (BTC) rapid 50% price drop in the wake of Coronavirus concerns aroused chatter around banning the ability for traders to assume short positions in cryptocurrency markets. Question is, would that be the right move?Crypto market daily performance. Source: Coin360Flash crash raises spectre of shorting bansOn March 12 Bitcoin dropped…

Capitol Report Published: March 20, 2020 at 11:10 a.m. ET Second-quarter GDP could shrink by a record 10%-plus or more The front page of the Brooklyn Daily Eagle newspaper published on the day of the initial Wall Street Crash of 'Black Thursday', 24th October 1929. Getty The deepening coronavirus crisis…

Stock markets have crashed, we can be confident of that. History suggests there is no quick recovery from crashes like these, which means lasting consequences for investors. The World Health Organisation declared the COVID-19 coronavirus a pandemic last Wednesday, wiping US$7 trillion off global equity markets. A day later, now…

Another week, another round of Crypto Tidbits. Last week was almost undoubtedly Bitcoin’s worst week ever. The price of the leading cryptocurrency fell from the weekly high of $9,200 to a low of $3,800, a drop of nearly 60% in a week’s time. Altcoins fared even worse than the market leader,…

The shock had turned worry about the coronavirus to full-blown panic, wiped trillions of dollars from Asian stocks and sent futures for European and US markets plunging. As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they…