Category: Slumps
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The Dow slumps pre-market as United Health Group stock plunges more than 11% on DOJ investigation reports
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Another difficult day in trading with the United Health Group (UN) on Friday, where reports that the Ministry of Justice (Doj) is investigating the Medicare Advantage insurance that sent shares more than 11 % in pre -market trading. Civil fraud investigation, The Wall Street Journal reported for the first timeIt…
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China’s SMIC Q4 profit slumps 38.4%, misses estimates despite revenue growth
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Beijing (Reuters)-International conductivity manufacturer (0981.hk), the largest chip maker in China, informed a 38.4 % decrease on an annual basis in the fourth quarter profits. The profit attributed to SMIC owners amounted to $ 107.6 million in the quarter to the quarter of October to December, compared to the estimate…
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Consumer confidence slumps to year-low as households brace for ‘dark days ahead’
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Consumer confidence in the United Kingdom has decreased sharply to its lowest point in more than a year, according to the latest GFK data, indicating that families are pessimistic about both personal financial resources and the broader economic expectations. January numbers show the total consumer confidence index in GFK a…
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Regional hiring slumps as Labour’s NI rise dents employers’ confidence
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Employment outside London fell significantly after Chancellor Rachel Reeves unveiled her first Budget, leaving regional businesses scrambling to contain costs. Recruitment firm Robert Walters reported a 45% fall in fee income from operations outside the capital during the final quarter of 2024, while income in London rose 3%. The company…
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Dow, S&P 500, Nasdaq steady, bitcoin slumps after Christmas break
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US stocks were little changed on Thursday as trading resumed after the Christmas holiday and Wall Street digested one of the only significant economic data points of the week. The S&P 500 (^GSPC) fell slightly, while the tech-heavy Nasdaq (^IXIC) hovered near the flat line. The Dow Jones Industrial Average…
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UK car production slumps to lowest November level since 1980
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UK car production fell sharply in November, falling by around a third compared to the same month last year and reaching its lowest November production since 1980. According to new figures from the Society of Motor Manufacturers and Traders (SMMT), just 64,216 cars rolled off production lines – 27,711 fewer…
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Super Micro Computer Stock Slumps on Nasdaq 100 Removal, Rumored Capital Raise
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David Paul Morris/Bloomberg/Getty Images Shares of Super Micro Computer fell sharply Monday morning as the impact of two reports released late Friday spilled over into this week. The server maker is one of three stocks that will be removed from the Nasdaq 100 starting next week, as shares have lost…
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Super Micro Computer Stock Slumps on Nasdaq 100 Removal, Rumored Capital Raise
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David Paul Morris/Bloomberg/Getty Images Shares of Super Micro Computer fell sharply Monday morning as the impact of two reports released late Friday spilled over into this week. The server maker is one of three stocks that will be removed from the Nasdaq 100 starting next week, as shares have lost…
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Super Micro Computer Stock Slumps on Nasdaq 100 Removal, Rumored Capital Raise
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David Paul Morris/Bloomberg/Getty Images Shares of Super Micro Computer fell sharply Monday morning as the impact of two reports released late Friday spilled over into this week. The server maker is one of three stocks that will be removed from the Nasdaq 100 starting next week, as shares have lost…
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Israel slumps in int’l maths and science tests
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The performance of Israeli schoolchildren in international tests in mathematics and science, which are held every four years, is declining sharply. This is shown by the results of the TIMSS (Trends in International Mathematics and Science Study) test conducted in Israel in May 2023. Unlike previous occasions, this time the…
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US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high
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The Australian dollar reached its highest levels since February 2023 as part of a broad sell-off in the US dollar following weak US inflation data and China cutting lending rates. A final break above 0.6900 in AUD/USD breaks the June 2023 high and a series of rallies in this range.…
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GameStop slumps premarket after video game retailer says it will issue new shares By Investing.com
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GameStop (NYSE:) shares fell more than 9% in premarket trading in the United States after the video game retailer said it would issue more shares despite reporting a decline in second-quarter revenue. The company, which became known as a focal point of the “meme stock” craze at the start of…
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U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
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straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
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Dow slumps, Nasdaq whipsaws amid more soft labor market data
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U.S. stocks fell on Thursday as investors digested more weaker-than-expected labor market data that could help set the outlook for both interest rate cut hopes and the health of the U.S. economy. The S&P 500 (^GSPC) fell about 0.6%, while the Dow Jones Industrial Average (^DJI) fell more than 350…
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Flame Tree slumps to Sh91m loss on high debt service costs
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Listed Flame Tree Group posted a loss of Sh90.6 million in the first half of the year ended June 2024, as higher debt servicing costs erased a Sh6.7 million profit from last year. The company’s financing costs rose by 48.1 per cent to Sh181.3 million from Sh122.4 million previously, as…
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Maytronics slumps further as guidance cut, CFO leaving
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Israeli company to manufacture swimming pool cleaning robots Maytornix Co., Ltd. (level:MTRN) continues to disappoint investors on the Tel Aviv Stock Exchange (TASE) by reporting another quarter of disappointing results, and cutting guidance for the second straight quarter. As a result, the company’s share price is currently down 20%, giving…
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Domino’s Australia franchise slumps 7% as high costs take larger slice of profit By Reuters
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(Reuters) – Shares of Australia-based Domino’s Pizza Enterprises Inc fell more than 7% on Wednesday after the franchise operator reported a weak start to the 2025 financial year as rising costs and frugal consumers weighed on profitability. Domino’s Pizza Enterprises operates the largest master franchise of the American pizza giant…
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Dollar slumps on recession fears; yen, Swiss franc benefit By Investing.com
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Investing.com – The U.S. dollar fell sharply on Monday amid concerns over U.S. economic growth, with strong demand for the safe-haven Swiss franc and Japanese yen. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.9% at 102.100,…
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Mobileye slumps after cutting 2024 guidance
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Israeli Advanced Driving Assistance Systems (ADAS) stock price Mobily International Company (Nasdaq: MBLY) is trading sharply lower in premarket trading on Wall Street after disappointing the market with a lowered outlook. The company, led by CEO and co-founder Amon Shashua, expects annual revenue of $1.6 billion to $1.68 billion, down…
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Luxury homes: Jerusalem booms, Herzliya slumps
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A recent surge in deals in Jerusalem’s luxury housing market, with prices exceeding NIS 10 million, puts the city second only to Tel Aviv in terms of the number of luxury deals in the past 18 months, according to Globes. Tel Aviv continues to lead the luxury housing market in…