This multi-billion-dollar company saw its stock price drop 98%. Here’s why.

Sanergy Group saw its stock price drop 98% on Tuesday after Hong Kong’s market regulator raised concerns about the Chinese company

Date:

Save story

Topics

CNBC - Business
MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion

MicroStrategy founder Michael Saylor said on Friday that his company purchased an additional $1.1 billion worth of bitcoin.
5 hours ago
GameSpot - Tech
Samsung 49-Inch Gaming Monitor Drops To $800, Lowest Price Yet

This Samsung 49-Inch Odyssey G9 Series Curved Gaming Monitor would be a welcome addition to almost any battlestation, offering a ridiculous amount of screen real estate for your games. If you're ...
9 hours ago
CNBC - Business
Mortgage rates are dropping, but homes aren't expected to get cheaper—here's why

Lower mortgage rates are bringing back buyers, which would likely drive up home prices, real estate experts say.
10 hours ago - Mortgage
MarketWatch - Business
Boeing’s stock drops as workers strike, and history suggests it could fall more

Boeing’s stock was falling Friday, after the aerospace giant’s machinists union voted to go on strike.
13 hours ago
MarketWatch - Business
Investor sentiment dived in September. Here’s why it’s a good sign for stock bulls.

The AAII’s Bullish Sentiment survey can be a useful contrarian indicator says Bespoke
13 hours ago
MarketWatch - Business
Here’s why the ‘Harris trade’ could be ‘completely overblown’

One analyst has been warning investors against going too far with bets on Democratic presidential nominee Kamala Harris, even as a “Harris trade” has taken shape this week in the stock market.
14 hours ago
Inc. - Business
As Tensions Rise, China Profits Drop for U.S. Companies

The American Chamber of Commerce in Shanghai reports only two-thirds of American busiensses operating in China were profitable in 2023.
Yesterday - China
MarketWatch - Business
Delta’s stock rises on outlook and boost from lower fuel prices

Delta Air Lines expects positive unit revenue in September for both its domestic and transatlantic businesses.
Yesterday
CBS News - Top stories
Will gold's price drop as inflation cools? Experts weigh in

Where gold prices head next could surprise you — especially now that inflation is cooling. Here's why.
Yesterday

More from MarketWatch

MarketWatch - Business
What traders are saying about new election-betting rules: ‘I can put money on the candidate I don’t want to win’

Just hours after it began, legal betting on the outcome of U.S. Congressional elections was put on hold by a federal appeals court.
5 hours ago
MarketWatch - Business
‘My husband blew a gasket’: I bought a $20,000 Toyota SUV using financing. My spouse said, ‘Pay it off immediately.’ Did I get a bad deal?

“I couldn’t get a cashier’s check at the dealer yesterday as I had my four kids with me.”
5 hours ago
MarketWatch - Business
‘I have zero regrets’: I’m 84 and estranged from my two adult sons. My 48-year-old wife will get my seven-figure estate. Is that selfish?

“My will and trust will exclude everyone that carries my family name.”
6 hours ago
MarketWatch - Business
‘I’m trapped between warring siblings’: My late father left a ledger with $80,000 in unpaid loans to my brothers. Can the executor force them to pay?

“His will states that his estate is to be divided equally among his five children.”
6 hours ago
MarketWatch - Business
‘My mom still has his original will’: A few months before he died, my father went online and made a secret will, cutting off my mother. Can he do this?

“His new will leaves his estate to my two nieces, nephew, my sister and me.”
6 hours ago