volatility

Bitcoin shows its volatility once again in steep overnight decline, now back below $70,000

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Bitcoin offices are seen in Istanbul, Turkey, on February 28, 2024.  Umit Turhan Coskun | Nurphoto | Getty Images Bitcoin suffered a steep drop in overnight trading, showing that the world’s largest cryptocurrency hasn’t shaken its tendency for big drops despite continuing to gain acceptance within the mainstream financial world. Data from Coin Metrics shows … Read more

Shipping giant Maersk announces 10,000 job cuts, warns of volatility

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The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020. JONATHAN NACKSTRAND | AFP | Getty Images Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low … Read more