Stellantis plunges after taking 22 billion euros hit on EVs
The writedowns, which include some 6.5 billion euros in cash payments mainly to compensate suppliers Stellantis shares fell the most on record after the automaker announced 22…
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plunges
Microsoft plunges, Meta rallies as investors demand AI payoffs
Microsoft is under growing investor pressure to justify its soaring capital outlay Tech earnings so far this week have sent a clear warning: investors are willing to overlook…
China silver fund plunges after string of moves to quell frenzy
Other Chinese funds linked to the metals have also seen big gains and warnings to investors THE value of China’s only pure-play silver fund plunged by its maximum daily limit of 10 per…
San Francisco Plunges into Darkness after Power Outage Impacts 130K Homes and Brings Self-Driving Cars to a Halt in Middle of Streets
San Francisco was thrown into complete darkness on Saturday night after a major power outage knocked out electricity across nearly 30 percent of the city, bringing essential services,…
Interparfums SA Stock Plunges Following Adjusted Full-Year Outlook
PARIS – Interparfums SA stock deeply declined Wednesday morning after the publication of its new outlook for 2025. “Despite the slowdown in global consumption during the year, the…
Japan's Nikkei plunges by most in seven months on tech selloff
Japan’s Nikkei share average sank by the most in more than seven months on Tuesday (Nov 18), as investors sold off tech stocks following Wall Street’s sharp decline overnight. The index…
Trump Admits He Doesn’t Care About “Affordability” as Economy Plunges
The CBP chief had originally claimed that Bovino deployed tear gas canisters after he was hit in the head by a rock, but in his hourslong deposition, Bovino “admitted that he lied about…
iFast plunges over 11% after Temasek-linked shareholder offloads S$140 million worth of shares
Shares of iFast plunged minutes after the market opened on Tuesday (Aug 19), as major shareholder CP Invest – a subsidiary of Temasek-owned Cuscaden Peak Investments – reduced its stake in…
iFast plunges 8.5% after Temasek-linked shareholder offloads S$131 million worth of shares
Shares of iFast plunged on Tuesday (Aug 19), as substantial shareholder CP Invest – a subsidiary of Temasek-owned Cuscaden Peak Investments – reduced its stake in the company. The counter…
Mercedes-Benz profit plunges on tariff, China woes
Premium German carmaker Mercedes-Benz said Wednesday (Jul 30) its second-quarter profit plunged nearly 70 per cent due to US tariffs and weak sales in China, prompting it to lower its…
First half net profit plunges 22% at French luxury group LVMH
French luxury group LVMH saw net profit plummet 22 per cent in the first half of 2025, the company announced on Thursday, blaming the plunge on an “unsettled economic and geopolitical”…
Lululemon plunges with growth plans threatened by Trump tariffs
LULULEMON Athletica posted a second straight disappointing quarter, fueling concerns that rising competition and new tariffs are derailing the company’s ambitious growth plans. The…
HP plunges after cutting profit outlook on tariffs, economy
HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings forecast, pointing towards a weaker economy and…
China’s top chipmaker SMIC plunges after projecting lower sales
Semiconductor Manufacturing International Corporation (SMIC) plunged on Friday (May 9) after China’s leading chipmaker warned sales could fall as much as 6 per cent this quarter because of…
Krispy Kreme stock plunges nearly 30% as it ends dividends, pauses McDonald’s expansion
Shares of Krispy Kreme Inc. (NASDAQ: DNUT) plunged over 28% on Thursday after the donut-and-coffee chain said it will no longer pay out its quarterly dividend and that it was “reassessing”…
Porsche's Q1 profit margin plunges on China weakness, US tariffs
Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst estimates, hit by weaker demand in China as…
Aztech Global’s Q1 profit plunges 90.6% to S$1.5 million on demand drop
Earnings per share for the period comes in at S$0.002, down from S$0.0206 a year ago Aztech Global’s net profit for the quarter ended Mar 31, 2025, fell 90.6 per cent to S$1.5 million,…
Rice plunges the most in 16 years after India eases export curbs
RICE prices tumbled the most in more than 16 years in Asia as concerns over supply eased after India relaxed some export restrictions. Thai white rice 5 per cent broken – an Asian…
Aston Martin plunges as supply woes prompt profit warning
SHARES of Aston Martin Lagonda Global plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain disruption and weak demand in China. The shares…
Australia's Star plunges after US$1.2 billion loss; responds to show-cause notice
SHARES in Australian casino operator Star Entertainment slumped more than 50 per cent to a record low on Friday (Sep 27), as it resumed trading a day after posting a second straight…
Super Micro plunges as prosecutor reviews accounting claims
SUPER Micro Computer fell the most in a month on a report that the US Justice Department is looking into an ex-employee’s claims that the server maker violated accounting rules just a few…