By Chibuike Oguh NEW YORK (Reuters) – ChargePoint Holdings’ stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third …
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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 …
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(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 freight train derailment. The derailment …
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(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 and Samsung in most developed …
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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 …
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(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 …
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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 …
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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 …
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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 …
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(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 …
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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 …
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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 …
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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 …
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(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 …
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(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 …
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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 …
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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, …
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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 …
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(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 …
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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 …
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(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 …
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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 …
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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 …
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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 …
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(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 …