Downfall

Wallmart shares plummeted 9% after disappointing report

The company failed to beat earnings expectations. At the same time, the company lowered expectations for the coming year - EPS and operating profit may decline by 1%.

The reason: rising inflation, higher delivery costs and rising hourly wages. As the company's CFO notes, consumers in the U.S. are turning away from expensive products to cheaper and lower quality products.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of

SEC Files Lawsuit Against Silvergate Bank for Alleged Reporting Violations and Mismanagement

The United States Securities and Exchange Commission (SEC) has initiated legal action against Silvergate Bank and several of its top executives. This move stems from accusations that the bank failed to comply with certain regulatory requirements, including reporting obligations, internal accounting controls, and the proper maintenance of financial records. The

Read next