WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– North Korean state media said on Friday that six people have died and more than 350,000 people have been treated for fever, one day after acknowledging a COVID-19 outbreak for the first time. Nearly 190,000 people are being isolated for treatment in the midst of a nationwide lockdown. South Korea, China and the United Nations have all offered to help the country during the outbreak, as North Korea does not have cold-storage facilities for certain vaccines. Despite this, the isolated nation test launched three short-range ballistic missiles into the ocean on Thursday.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– Elon Musk said on Thursday his planned US$44-billion takeover of Twitter has been put on hold temporarily pending details on spam and fake accounts on the social media platform. Recently, Musk had expressed his skepticism that less than five per cent of the accounts on Twitter are either spam or fake. On Thursday, Twitter stock fell 18 per cent while Tesla stock rose five per cent.
– Bitcoin and other cryptocurrencies suffered major losses in value on Thursday before some rebounded slightly on Friday. Worries about high inflation and rising interest rates caused a selling frenzy on the markets. Bitcoin, the most popular cryptocurrency, fell to a 16-month low of US$25,400 on Thursday, compared to US$40,000 one week ago. TerraUSD, a cryptocurrency known as a stablecoin pegged to the value of the U.S. dollar, fell to nine U.S. cents on Thursday.
