ChargePoint’s stock slumps to record low after revenue warning, executive changes
By Chibuike Oguh NEW YORK (Reuters) – ChargePoint Holdings’ stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) …
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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 …
Norfolk Southern profit slumps, takes $163 million charge on Ohio derailment
(Reuters) – U.S. railroad operator Norfolk Southern’s third-quarter profit slumped 41% on Wednesday as the company took another hefty charge related to the Eastern Ohio …
Global smartphone market slumps to lowest Q3 level in decade – Counterpoint
(Reuters) – The global smartphone market contracted by 8% to its lowest third-quarter level in a decade on subdued demand for major brands including Apple …
‘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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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. …
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 …
Global high yield bond issuance slumps to lowest in 13 years
By Patturaja Murugaboopathy (Reuters) – Global high yield bond issuance has fallen this year to the lowest since the global financial crisis, with companies hesitant …
China property market slumps on developers’ debt crisis, weak buyer sentiment
By Clare Jim and Vijdan Mohammad Kawoosa HONG KONG – China’s property market, a key pillar of the world’s second-largest economy, has weakened sharply in …
Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low
By Kevin Buckland TOKYO – The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro …
Euro zone investor morale slumps to lowest level since July 2020
BERLIN – Investor morale in the euro zone fell to its lowest level in nearly two years in April, a survey showed on Monday, pointing …
Brazilian brewer Ambev’s profit slumps in sector-wide decline
SAO PAULO – Brazilian brewer Ambev SA’s fourth-quarter net income fell 45.6% from a year earlier to 3.75 billion reais ($748.55 million), it said on …
China’s Zhenro Properties slumps after debt warning
By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI -Shares and international bonds of Zhenro Properties slumped further on Monday after it said existing internal resources …