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U.S. manufacturing sector slumps in October-ISM
By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing contracted sharply in October after showing signs of improvement in prior months as new orders and employment slumped, likely reflecting strikes by the United…
‘Ugly figures’ as German manufacturing slumps in July -PMI
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector deepened at the start of the third quarter as goods producers recorded sharper declines in new orders, factory gate prices and output in…
Enphase Energy slumps as lukewarm US demand weighs on revenue forecast
(Reuters) -Shares of Enphase Energy slumped nearly 11% on Friday, after the solar inverter maker’s third-quarter revenue target fell well short of analyst estimates due to weak demand. Appetite for solar equipment…
German services sector growth eases in June, manufacturing slumps -flash PMI
BERLIN (Reuters) – German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary survey showed on Friday. The HCOB German…
U.S. manufacturing slumps further in May; employment picks up -ISM
WASHINGTON (Reuters) – U.S. manufacturing contracted for a seventh straight month in May as new orders continued to plummet amid higher interest rates, but factories boosted employment to a nine-month high. The…
South Korea factory activity slumps into longest downtrend since early 2009 – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for an 11th consecutive month in May, slumping into its longest downtrend in 14 years, a survey showed on Thursday, as a slowing global…
Carl Icahn’s IEP slumps after old rival Ackman reignites feud
(Reuters) – Shares of billionaire Carl Icahn’s investment firm plunged to their lowest in nearly two decades on Thursday, a day after old rival Bill Ackman called out the company’s high valuation.…
New York factory activity slumps in May – NY Fed
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State plunged in May, but the survey is extremely volatile, making it harder…
Deutsche Post Q1 operating profit slumps amid economic downturn
By Tristan Veyet (Reuters) -Deutsche Post suffered a slump in first-quarter operating profit amid deteriorating macroeconomic conditions, it reported on Wednesday, a day before its new chief executive takes the helm at…
Oil slumps 5% to five-week low amid US debt default fears
By Scott DiSavino NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default…
AMC slumps as lawsuit settlement opens door to capital raise
(Reuters) – AMC Entertainment Holdings Inc’s shares fell 19% on Tuesday and preferred shares rose 14% after a lawsuit settlement brought the company a step closer to its plan to convert APE…
AMC stock slumps, ‘APEs’ jump after litigation deal
(Reuters) – AMC Entertainment Holdings Inc shares tumbled 24% in extended trade on Monday, while its preferred shares jumped 21% after the movie theater chain said it agreed to settle litigation and…
Keppel profit slumps on China lockdown, real estate woes; sees green shoots
By Roushni Nair and Sameer Manekar (Reuters) – Singapore’s Keppel Corp posted a steeper-than-expected drop in annual profit on Thursday hurt by its urban development unit, but forecast China’s easing market conditions…
Tesla Unexpectedly Paused Production At Chinese Facility Early As Demand Slumps: REPORT
Tesla Unexpectedly Paused Production At Chinese Facility Early As Demand Slumps: REPORT John Hugh DeMastri on December 26, 2022 Tesla temporarily halted production at its Shanghai factory on Dec. 24, starting an…
U.S. business activity slumps in December; price pressures ease – S&P Global survey
WASHINGTON (Reuters) – U.S. business activity contracted further in December as new orders slumped to the lowest level in just over 2-1/2 years, but softening demand helped to significantly cool inflation. S&P…
Under Armour cuts annual forecasts as sportswear demand slumps
(Reuters) -Under Armour Inc cut its annual revenue and profit forecasts on Thursday, as the sporting goods company contends with weakening demand from consumers ahead of the crucial holiday shopping season and…
German manufacturing slumps in October as new orders drop – PMI
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector gathered pace in October as output and new orders slumped, marking a weak start to the fourth quarter that shows no sign of…
Insurer AIG profit slumps on hurricane costs, lower investment returns
(Reuters) – Insurer American International Group Inc on Tuesday reported a more than 39% decline in quarterly profit as investment income fell by more than $1 billion and losses from Hurricane Ian…
U.S. factory output solid in September; builder sentiment slumps further
By Dan Burns (Reuters) – Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on reasonable footing despite the…
Philippine central bank says ready to manage market disruption as peso slumps
MANILA (Reuters) – The Philippine central bank said on Tuesday it was taking steps to manage any disruption in the financial market, and urged participants not to take advantage of a peso…
China’s Sept factory activity contracts more sharply as demand slumps – Caixin PMI
BEIJING (Reuters) – China’s factory activity contracted at a sharper pace in September as strict COVID lockdowns disrupted production and dampened sales, a private sector survey showed on Friday. Weakening global demand…
UK’s Co-op expects inflationary pressures to continue, interim profit slumps
(Reuters) – Britain’s Co-operative Group reported a sharp drop in its interim profit on Thursday, as the supermarkets-to-funerals provider continued to face supply chain snags, and higher wage and energy costs, amid…
Greek July factory activity slumps, new orders fall – PMI
ATHENS – Greek manufacturing activity declined in July, hit by faster contractions in production and new orders as high inflation took a toll on client demand, a survey showed on Monday. S&P…
Russian rouble slumps to 3-week low vs dollar, euro
MOSCOW – The Russian rouble slumped to a three-week low against the dollar and euro in Moscow trade on Friday, continuing a general weakening trend as the market anticipated measures that may…
Lazard quarterly profit slumps as dealmaking loses momentum
(Reuters) – Lazard Ltd on Thursday reported a 34% drop in second-quarter profit as dealmaking globally stood at a fraction of last year’s record levels. The bank also said it has appointed…
Euro zone investor morale slumps on grim expectations – Sentix
BERLIN – Investor morale in the euro zone fell this month to its lowest level since May 2020, pointing to an “inevitable” recession in the 19-country currency bloc, a survey showed on…
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