Category: slump
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Stamp Duty hikes trigger 42 per cent slump in prime London property deals
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Repeated increases in stamp duty have had a significant impact on high-end property sales in London, with transactions in Britain’s two most expensive neighborhoods falling by 42 per cent over the past decade. According to new analysis by Savills, deals in Kensington, Chelsea and Westminster fell from 10,665 in 2013-14…
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OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump
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Breadcrumb links BMN Business When OPEC+ ministers meet this weekend, they face an unpalatable choice: continue to limit oil supplies until 2025, or risk renewed price declines. Article writer: Bloomberg News Grant Smith Posted on November 27, 2024 • 4 minutes read You can save this article by registering for…
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Aston Martin bleeding £1m a day as supply chain issues and china demand slump hit targets
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Aston Martin Lagonda, the only British carmaker listed on the London Stock Exchange, is facing major financial setbacks, failing to meet all 2024 targets such as production cuts, supply chain issues, and a sharp decline in performance due to the impact of Chinese demand. The luxury carmaker, led by new…
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The stock market is flashing a signal that’s previously preceded a 10% slump, Citi says
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Wall Street subway stationGetty Images Investors’ exposure to the S&P 500 is the highest since mid-2023, Citi strategists said. The level of exposure at that time was followed by a 10% decline in the following months, they said. “Positioning risks rise when markets expand like this,” they said. Citi says…
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The stock market is flashing a signal that’s previously preceded a 10% slump, Citi says
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Wall Street subway stationGetty Images Investors’ exposure to the S&P 500 is the highest since mid-2023, Citi strategists said. The level of exposure at that time was followed by a 10% decline in the following months, they said. “Positioning risks rise when markets expand like this,” they said. Citi says…
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European shares defy global slump amid Mideast tensions, energy stocks jump By Reuters
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Written by Pranav Kashyap (Reuters) – European stocks rose on Wednesday, led by gains in energy and defense shares, defying declines in Asia and Wall Street after an Iranian missile attack on Israel exacerbated fears of a broader regional conflict. The European index rose 0.3 percent to 522.37 points. The…
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Tech resilience amidst semiconductor slump: Analyzing today’s market vibe
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Stock Heat Map from FinViz.com Friday, September 20, 2024 13:46:03 GMT ? Sector Overview: Mixed performance across markets Today, the US stock market offers a mixed bag of performance across sectors. While some giant companies have shown resilience, others have suffered significant declines, painting a complex picture for investors. ?…
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Building starts in Israel slump to 4-year low
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In the second quarter of 2024, there were 12,900 construction activities in Israel, the Central Bureau of Statistics reports, down 13.6% from the second quarter of 2023. This is the lowest number since the second quarter of 2020, when there were 11,538 construction activities. In the first quarter of 2024,…
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World’s top miners set for hit from sharp slump in industrial activity, Deutsche Bank says
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Dazman/E+ via Getty Images The largest global mining companies are: Expected to suffer from lower metal prices Analysts at Deutsche Bank said this week that the decline in crude oil prices has slowed demand for copper, nickel and iron ore due to a sharp slowdown in industrial activity in China,…
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5 Questions to Ask When You’re In A Trading Slump
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In Forex trading, the initial goal is simple: trade for another day. Opening an account and putting real money into it is the easy part. The challenge is staying afloat long enough to gain the skills needed to consistently make money. So how do you know you’re on the right…
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S&P 500, Nasdaq slump as Nvidia struggles ahead of earnings
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U.S. stocks were mixed in choppy trading on Monday, with technology leading the declines as investors assessed the imminent arrival of interest rate cuts and prepared for a busy week dominated by Nvidia’s (NVDA) earnings report. The Dow Jones Industrial Average (^DJI) briefly hit fresh intraday highs before paring gains…
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Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Japan stock slump opens the door for increased buybacks- UBS By Investing.com
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The recent slide in Japanese stock markets may provide an opportunity for local companies to increase share buybacks, UBS said in a note, adding that Japanese stocks still offer value. Japanese stocks fell to their lowest levels in eight months on Monday, erasing all their gains this year and entering…
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Stocks Rebound From Global Slump, Treasuries Fall: Markets Wrap
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(Bloomberg) — Calm returned to markets as investors looked for bargains after a selloff in global stocks on Monday that peaked after three weeks of losses of about $6.4 trillion. Bond prices also fell. Most Read from Bloomberg S&P 500 futures suggested a recovery could be on the way after…
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Bitcoin mining stocks end the week in a slump
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Many U.S.-based cryptocurrency mining stocks are reflecting Bitcoin’s weakness and trading lower at the end of the week. At the time of writing, Hut 8’s stock price is down 11.2% to $12.34 per share. CleanSpark’s stock is now trading at $13.35 per share, down 11.35%, while Riot Platforms’ stock is…
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Intel’s Sales Slump Shows Price of Falling Behind in AI Race
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(Bloomberg) — Intel Corp. shares fell more than 19% after delivering a slew of dizzying news, including a bleak growth outlook and plans to cut 15,000 jobs, in the latest sign the chipmaker is ill-equipped to compete in the age of artificial intelligence. Most Read from Bloomberg The company said…
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Lufthansa sees earnings slump in third quarter as costs rise By Reuters
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By Ilona Wiesenbach, Joanna Plosinska, and Rachel Moore BERLIN/LONDON (Reuters) – Lufthansa warned on Wednesday of a drop in third-quarter profit as the German airline group faces higher wage costs and pressure on ticket prices, pointing to tougher market conditions in the aviation sector. Airfare prices in Europe and Asia…
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Manufacturing posts largest loans slump of Sh39 billion
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Kenya’s manufacturing sector has been the hardest hit by the slowdown in private sector credit caused by higher commercial bank lending rates and rising non-performing loans. Total credit to the sector declined by Sh38.8 billion to Sh597.9 billion in the three months to end-March from Sh636.7 billion in December 2023.…