Tag: Downward

Is Palo Alto Networks Bouncing Back or Headed for a Downward Spiral?

Palo Alto Networks‘ (NASDAQ: PANW) stock dipped 4% on May 21 after the cybersecurity company posted its latest earnings report. For the third quarter of fiscal 2024, which ended on April 30, its revenue increased 15% year over year to $1.98 billion and exceeded analysts’ estimates by $10 million. Its adjusted earnings per share grew […]

Bitcoin Mining Difficulty Faces Largest Downward Adjustment Since 2022

Bitcoin Mining Difficulty Faces Largest Downward Adjustment Since 2022 Bitcoin (BTC) is facing the risk of breaking down below $61,000, as it tested familiar trendlines for support, causing a decline in its price. Despite the low-timeframe volatility affecting liquidity, BTC lacked significant upward momentum. Traders were closely monitoring the 100-day simple moving average (SMA) and […]

German Firms in China Say Economy Is on ‘Downward Trajectory’

(Bloomberg) — Most German companies in China think the Asian nation’s economy is declining and will take at least a year to rebound. Most Read from Bloomberg That’s according to a survey by the German Chamber of Commerce in China released on Wednesday. Some 83% of the 566 respondents in the survey conducted from early […]