Source: Pixabay.com | Photographer: HolgersFotografie
As we witnessed in our previous article on the topic, flash crashes can sometimes be sparked by typical human flaws, such as greed or carelessness. This time around, we’ll examine 5 extra cases where the markets crashed not just under the hasty fingers of nervous traders, but also due to some serious malfunctions in the automated trading software they used. However, before we do that, we should probably briefly explain something first.
Source: Pixabay | Photographer: FirmBee
Reading time: 2 minutes
Shares of the social media platform rose by nearly 27% this Thursday upon announcing a stronger-than-expected financial performance despite the ongoing pandemic.
Source: Dreamstime
Reading time: 6 minutes
As expected, the unprecedented crisis, provoked by the global COVID-19 pandemic, led to significant economic problems and bankrupted many businesses of all sizes and in all economic sectors.
Аccording to some estimates, the negative effects of the downturn have already outweighed those of the 2008 crisis. “I’m pretty confident we will see more bankruptcies this year than ever before,” recently commented for Fortune magazine James Hammond, CEO of New Generation Research – the data analytics company that runs Bankruptcy Data.
Source: Dreamstime
Reading time: 7 minutes
In the past four years, it has become apparently clear that Europeans are not especially fond of Trump’s presidency. So much so, in fact, that, according to the Pew Research Center, some would go so far as to place more faith in Chinese President Xi Jinping – the heart of a well-oiled Communist regime – in “doing the right thing” than in the current U.S. president.
This is why Brussels and Europe, in general, have placed such great hopes on Joe Biden – the presidential candidate who is believed to be able to reforge the transatlantic alliance, re-enter the U.S. in the Paris Agreement and revoke the trade tariffs, imposed by the Trump administration, on China and the U.S. allies, among other things. But will this really be the case?
Source: Pixabay | Photographer: Akela999
Reading time: 2 minutes
Intel shares fell as much as 10% in extended trading on Thursday after the chipmaker reported fiscal third-quarter earnings that were stronger than expected, but also exposed the underwhelming performance of its data centre business.
Source: Unsplash | Photographer: Floriane Vita
Reading time: 2 minutes
On Wednesday, one of the leading U.S. banks, Goldman Sachs, announced better-than-expected Q3 2020 results due to strong bond trading and asset management performance. Shortly after the news, the bank’s shares rose by an extra 0.6% on top of the 2.2% gains achieved in premarket trading.