Market decline

Plant closures and continued market decline worry producers

With two factories closing and cocooning them for the 2020/21 season, growers fear the remaining 12 sweets will struggle to successfully complete this season’s harvest, the South African Canegrowers’ Association said (SA Canegrowers ). Sugar giants Tongaat Hulett and Illovo Sugar South Africa announced this year their intention to put operations on hold at their […]

Market decline

This is the fastest 30% drop in the stock market on record

Twenty-two days. That’s all it took for the S&P 500 to fall 30% from its all-time high, the fastest drop of this magnitude in history. The second, third, and fourth fastest 30% declines all occurred during the Great Depression in 1934, 1931, and 1929, respectively, according to data from Bank of America Securities. “This is […]

Market price

[Updated] Bitcoin makes shock move against the market – prices climb 20% to over $ 6,000

Bitcoin suddenly started going against the larger markets, surging 20% ​​in the last 24 hours of trading and climbing to over $ 6,000 per bitcoin. [Updated at 1.14pm EDT]: Bitcoin peaked at $ 6,350 on the Luxembourg-based Bitstamp exchange before falling back somewhat to around $ 6,200. The price of bitcoin, which fell below $ […]

Market decline

The fastest stock market decline on record (analysis and insights)

The fastest market correction on record has been replaced by the fastest bear market on record as many major stock markets broke the -20% decline threshold last week. Just over three weeks ago, North American markets were reaching all-time highs. On March 12, the TSX was down 12.3% and the S&P down 9.5%, the biggest […]

Market decline

FAW’s premium brand Hongqi thwarts market downturn

An expanded product line allowed Hongqi, a premium brand of China FAW Group Corp., to maintain strong sales in February amid the viral outbreak. Hongqi’s shipments last month jumped 33% to 3,752, according to the brand. In the first two months, sales jumped 104% to 16,382. In 2019, Hongqi released three new gasoline models – […]