Corcept loses patent spat against Teva, shares tumble
(Reuters) -A U.S. judge ruled in favor of Israel’s Teva Pharmaceutical Industries in a patent infringement lawsuit brought by Corcept Therapeutics, sparking a frenzied sell-off in shares of the California-based drug developer.…
Germany’s Volkswagen shares tumble after margin downgrade
(Reuters) – Volkswagen shares fell to their lowest since April 2020 on Monday after the German carmaker cut its profit margin outlook for the current year, disappointing some investors. Blaming negative effects…
Australia job vacancies tumble from record levels in latest quarter
By Stella Qiu SYDNEY (Reuters) – Job vacancies in Australia slid from record levels in the three months to August, adding to signs that the country’s labour shortage might be easing as…
European shares fall for fifth day as real estate stocks tumble
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by bearish brokerage comments on UK landlords,…
US new home sales tumble in August
WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in August as the rate on the popular 30-year fixed mortgage jumped above 7%, driving potential buyers to the…
US furniture retailer RH shares tumble as slowing sales prompt dour revenue forecast
By Chibuike Oguh NEW YORK (Reuters) – Shares of U.S. home furniture retailer RH dropped more than 15% on Friday after the company warned that slower quarterly sales would result in disappointing…
UK factory orders tumble in the face of higher rates – PMI
LONDON (Reuters) – British factories in August suffered their weakest month since early in the COVID-19 crisis, with orders shrinking dramatically due to the rise in interest rates at home and abroad,…
UK homebuilder shares tumble after Crest Nicholson cuts annual profit outlook
LONDON (Reuters) – UK homebuilder shares tumbled on Monday, set for their biggest one-day drop in over six weeks, led by a 14.9% fall in Crest Nicholson shares which plunged after the…
China’s Economy Fails To Rebound Following Pandemic Tumble
China’s Economy Fails To Rebound Following Pandemic Tumble Will Kessler on July 17, 2023 China’s economic growth slowed in the second quarter of 2023 as the country continues to struggle following the…
Latitude Group flags sharp drop in earnings due to cyberattack, shares fall
By Navya Mittal and Himanshi Akhand (Reuters) -Australia’s Latitude Group on Friday forecast a steep fall in fiscal 2023 earnings due to higher credit losses and provisions associated with a recent cyberattack,…
Analysis-Options investors guard against U.S. stock tumble, despite buoyant markets
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options market demand for insurance against a stock market crash has soared to multi-month highs, even as equities have calmed down after a choppy…
Sony shares tumble on weaker-than-expected annual outlook
TOKYO (Reuters) – Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on…
As EV costs tumble in China, an export wave builds
SHANGHAI (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies like BYD are solving that problem in China – and getting ready…
Toronto home prices rise in March as new listings tumble
TORONTO (Reuters) – Greater Toronto Area (GTA) home prices increased in March from February, with listings falling at a faster rate than did sales in comparison to a year ago, in the…
US mortgage rates tumble by the most in 4 months in SVB’s wake, MBA says
(Reuters) – Last week’s banking sector turmoil had at least one silver lining for U.S. home buyers: lower mortgage interest rates. Interest rates on the most popular U.S. home loan tumbled by…
South Korea takes step to cut homeowners’ tax as housing prices tumble
SEOUL (Reuters) – South Korea has sharply lowered official reference housing prices for this year, which will result in a large fall in taxes for homeowners, as the government has been trying…
European bank shares tumble day after U.S. market turmoil
LONDON (Reuters) – European banking stocks headed for their largest one-day fall in nine months on Friday, a day after a sharp sell-off in U.S. banks. Europe’s STOXX banking index fell 4.2%,…
U.S. factory orders tumble in November on aircraft
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods fell more than expected in November amid a sharp decline in bookings for aircraft, while higher borrowing costs cooled demand for other goods. The…
Tesla shares tumble, on track for worst month ever
By Noel Randewich (Reuters) – Tesla Inc shares are on track for their worst month ever as a sell-off deepened on Thursday over worries about softening demand for electric cars and Chief…
Ark’s Wood sees U.S. now in recession, expects energy stocks to tumble
By David Randall NEW YORK (Reuters) – Energy stocks and other value stocks will likely be “casualties” of falling inflation, said Cathie Wood, the star stock picker whose ARK Innovation Fund has…
China’s stocks, yuan tumble as COVID protests rattle nerves
SHANGHAI (Reuters) – Chinese stocks on Monday saw the worst day in a month, as recent monetary-easing measures failed to offset investor worries about protests against strict COVID-19 curbs in the world’s…
Canada house prices to tumble 17.5% peak to trough, say analysts: Reuters Poll
By Indradip Ghosh BENGALURU (Reuters) – Once burning-hot Canadian house prices are expected to tumble a total 17.5% from their peak, roughly double the fall during the 2008-09 financial crisis, in a…
South Korea Nov 1-20 exports tumble on weak demand for chips, China woes
SEOUL (Reuters) – South Korea’s exports for the first 20 days of November shrank 16.7% from the same period a year ago, dragged down by weak demand for chips and from China,…
U.S. housing starts tumble in October amid soaring mortgage rates
WASHINGTON (Reuters) – U.S. homebuilding fell sharply in October, with single-family projects dropping to the lowest level in nearly 2-1/2 years, as the housing market buckles under the strain of surging mortgage…
Port of Los Angeles October imports tumble, pressured by labor worries
By Lisa Baertlein LOS ANGELES (Reuters) – October volume at the busiest U.S. seaport fell to its lowest level since 2009 as shippers sent cargo to alternate trade gateways to avoid potential…
Two Sigma, Holocene added Tesla shares before fourth-quarter tumble
By David Randall NEW YORK (Reuters) – Hedge funds Group One Trading LP, Two Sigma Investments LP and Holocene Advisors LP were among the largest purchasers of Tesla Inc stock during the…
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