Lyft shares slide on weak sales, disappointing ride totals
Lyft shares slid in late on Wednesday (Aug 6) trading after the ride-hailing company reported revenue that fell short of Wall Street’s expectations, stoking concerns about its efforts to…
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weak
'They roll right over': Many Democrats call their party weak and ineffective, AP-NORC poll finds
Many Democrats see their political party as "weak" or "ineffective," according to a poll that finds considerable pessimism within Democratic ranks. Republicans are more complimentary of…
US dollar tumbles;traders bet on more US rate cuts after weak jobs report
THE greenback dropped on Friday (Aug 1) and was on track for its biggest daily loss against the yen since January 2023 after data showed that US employers added fewer jobs in July than…
Wall Street Falls Sharply After Donald Trump's New Tariff Announcement and Weak Job Data
U.S. stock markets plummeted sharply on Friday following President Donald Trump's new tariffs on imports from Canada, India, Brazil, and Taiwan. The Dow Jones fell 542 points (1.2%) and…
US: Stocks tumble as weak jobs report adds to doubts on economy
Wall Street stocks finished sharply lower Friday (Aug 1) following a weak July jobs report that raised concerns about US economic health. Major US indices fell 1.2 per cent or more…
US: Wall St sell-off sparked by Trump tariffs, Amazon results, weak payrolls
Wall Street’s main indexes declined sharply on Friday (Aug 1) as new US tariffs on dozens of trading partners and Amazon’s unimpressive earnings weighed on sentiment, while a weaker…
Ferragamo Maps Out Strategic Overhaul Amid Weak First-half Performance
MILAN – Weak traffic, particularly in Asia-Pacific, and a difficult wholesale scenario weighed on Ferragamo’s first-half performance but executive board member Ernesto Greco mapped out a…
Samsung Q2 profit drops 55% on weak AI chip sales, China curbs
Samsung Electronics reported on Thursday a 55 per cent drop in second-quarter operating profit as delays in high-bandwidth memory chip shipments and US export curbs on advanced…
Merck to cut jobs and costs as demand for Gardasil in China remains weak
Drugmaker Merck on Tuesday (Jul 29) announced job and cost cuts it said will save US$3 billion a year as it posted lower second-quarter results due to continuing weak demand for its…
Trump Says a Weak Dollar Is a Good Thing, Actually
A weak dollar is better than a strong dollar, according to Donald Trump. The dollar hasn’t fallen this fast since 1973. Over the last six months, the dollar has declined more than 10…
Obama Breaks Silence and Slams Trump’s “Weak Attempt at Distraction”
Barack Obama is hitting back at the Trump administration for accusing the former president of treason. Donald Trump’s director of national intelligence, Tulsi Gabbard, last week shared…
Will NTT DC Reit recover from its weak debut?
It was a good week for investors in the Singapore market, except perhaps for those who took a chance on the initial public offering (IPO) of NTT DC Real Estate Investment Trust (Reit). The…
US: Wall Street opens slightly lower after weak jobs data; Tesla rises
STOCKS opened lower on Wednesday (Jul 2) as surprisingly weak US private jobs data raised concerns about the labour market, while Tesla rose sharply after its second-quarter…
India oil law revamp unlikely to draw foreign drillers amid red tape and weak incentives
India’s first rewrite of its 77-year-old oilfield rules kicked in on Apr 15, with New Delhi hoping it’ll help turn around a decade of sluggish output and and ease its growing reliance on…
Maybank downgrades Thai retail sector on weak sales, consumption
Maybank Investment Bank has downgraded Thailand’s retail sector to “neutral” amid weak consumption and falling same store sales growth (SSSG). The bank’s analyst, Suttatip Peerasub, added…
Gold rises as weak US data offsets optimism from Trump-Xi call
GOLD rose on Friday and was set for weekly gains, as a spate of weak US economic data outweighed optimism from President Donald Trump’s call with his Chinese counterpart Xi Jinping, while…
Weak Chinese demand leaves Australia with too much wheat
Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies…
Europe: Stocks pressured by rising bond yields, weak economic data
EUROPEAN stocks fell on Thursday as concerns over US fiscal health kept Treasury yields elevated, while data showing weak euro zone business activity added to the gloom. The pan-European…
Oil prices little changed on geopolitical uncertainty, weak China demand signals
Oil prices were little changed on Tuesday (May 20) due to uncertainty in US-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top…
The Florida housing market is so weak that this giant builder is cutting prices
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. The 2025 spring housing market is off to a slower than normal start for…
Wilmar posts 39.4% fall in H2 net profit on absence of year-ago gain, weak sugar price
AGRIBUSINESS Wilmar International posted a 39.4 per cent fall in net profit to US$590.2 million for the six months ended December 2024. The decline was due to the absence of a US$231…
Coty’s Sales Decline in Q2 Amid Weak Demand in Asia and Tight Inventory Management Despite Strong Fragrance Performance
The fragrance effect that has boosted Coty for the past year was not enough to offset a trio of weak demand in Asia, FX headwinds and a slowing mass market from weighing on sales in the…
L’Oreal sales miss estimates as China demand remains weak
L’OREAL’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in China. Sales overall rose 2.5 per cent on a comparable…
Oil prices ease as weak economic data offsets higher US winter storm heating demand
OIL prices eased in volatile trade on Monday (Jan 6) as some bearish economic news from the United States and Germany offset bullish support from a weaker US dollar and forecasts for…