Bitcoin slumps with key US$70,000 level in sight
Bitcoin was on the cusp of breaking below the key US$70,000 level on Thursday (Feb 5) as a slide in the world’s largest cryptocurrency showed no signs of stopping. Bitcoin tumbled…
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slumps
Bank of America chief sees economic strength ahead, even as consumer confidence slumps
Bank of America CEO Brian Moynihan says he's feeling good about where the U.S. economy is headed -- even if consumers don't quite feel the same way yet. Source link
Wall Street opens higher on tech rebound, Nike slumps
Wall Street’s main indexes opened higher on Friday (Dec 19), as technology stocks extended their rebound from an early-week sell-off, while Nike tumbled after weak China sales weighed on…
Nike reports sales beat overshadowed by Converse, China slumps
NIKE posted better-than-expected sales in the latest quarter, showing progress in its turnaround efforts, but weakness persisted in China and the Converse brand. Revenue in the fiscal…
Japan’s stocks zoom, yen slumps as Takaichi win dims BOJ hike bets
Japanese shares surged to a record high on Monday (Oct 6), while the yen and long-term bonds tumbled as Sanae Takaichi was all but confirmed to become the country’s next premier, stoking…
HSBC first-half profit slumps 26% as China losses mount
HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday (Jul 30), missing analyst estimates, as impairments from its investment in China’s Bank of…
AEM slumps 4.7% after its CEO resigns
As at 9.25 am, the counter has fallen to S$1.64, 4.7% below its Friday closing price Shares of AEM fell on Monday (Jul 28) after the semiconductor test solutions provider announced that…
Intel slumps as potential foundry exit deepens investor gloom
Intel shares sank 8 per cent on Friday (Jul 25) after the company warned of exiting chip manufacturing if it fails to secure a major customer, a potentially drastic move by the new CEO to…
Wall Street slumps over Trump's latest tariff threat on films
President Trump's proposal to slap a 100% tariff on movies produced outside the U.S. reverberated across Wall Street markets Monday. Source link
Shell is studying merits of BP deal as rival’s stock slumps
Shell is working with advisers to evaluate a potential acquisition of BP, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to…
Birkenstock slumps as unchanged outlook overshadows sales boost
BIRKENSTOCK Holding shares fell after the German shoe company opted to keep its outlook unchanged, even as sales of its high-end sandals and clogs jumped more than expected in the first…
Birkenstock stock price slumps despite strong holiday sales
Birkenstock, the renowned German footwear brand, posted stronger-than-expected sales for its fiscal first quarter, fueled by strong holiday demand and the growing popularity of its…
Nippon Steel slumps after Trump suggests US Steel investment
NIPPON Steel slumped the most in four months after a closely watched summit between US President Donald Trump and Japanese Prime Minster Shigeru Ishiba heightened uncertainty over the…
Iron ore slumps on China property concerns, firmer supply
IRON ore futures declined to their lowest level in nearly two months on Friday (Nov 15) and fell for the week, weighed down by weakness in China’s property sector, stronger supply, and…
Richemont profit slumps on weak China demand for luxury watches
RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling demand in China. The Cartier owner reported 2.2 billion euros…
Audi Group profit slumps on China weakness, plant restructuring
VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a plant restructuring in Brussels dragged on…
SK On to cut workforce as battery demand slumps
South Korean battery manufacturer SK On Company plans to cut its domestic workforce as it looks to ride out the current downturn in global demand for battery electric vehicles (BEVs),…