U.S. Stocks Plunge as Recession Fear Takes Hold
Major stock indexes fell sharply on Monday morning as concerns grew that the U.S. economy was heading for a severe economic downturn. The drop underscores the extent of investor concern after economic data released last week showed a sharper-than-expected rise in unemployment and slower job growth. Surveys of manufacturing also showed a sharp decline in […]
Stocks plunge as weak jobs report, tech woes rattle Wall Street
Stocks fell sharply on Monday morning as growing concerns about the strength of the U.S. economy and the outlook for microchip production spooked Wall Street. The Dow Jones Industrial Average plunged 2.8% after trading on Monday, opening 1,100 points lower. Dow futures were down more than 1,200 points before the market opened on Monday. The […]
Bloodbath on Wall Street as Dow, Nasdaq futures plunge amid recession fears
Wall Street’s main stock indexes fell sharply on Monday as concerns that the United States could fall into recession spread to global markets following weak economic data last week. The blue-chip Dow Jones Industrial Average plunged more than 1,100 points after the open, while the tech-heavy Nasdaq Composite Index fell nearly 5 percent after entering […]
Japanese stocks plunge in largest rout since 1987’s Black Monday
Travel expert Lee Abbamonte appears on “The Big Money Show” to discuss Americans traveling to other countries where the dollar is worth more. Japanese stocks recorded their biggest one-day drop since Black Monday in 1987. The Nikkei stock average fell 12.4% on Monday, its worst drop since the October 1987 crash. The banking sector led […]
Nintendo profit plunge 55% as sales of Switch console slump
Nintendo said on Friday that sales of its seven-year-old gaming console, the Switch, had slumped and its profits had fallen 55%. The stock fell nearly 10% on Friday following the disappointing earnings report. Japanese video game company Nintendo’s sales for the first quarter, which ends in June as part of the Bank of Japan’s fiscal […]
Paid summer internships plunge as major US banks, companies trim costs
Wall Street banks and other large companies are cutting paid summer internships in an effort to cut costs, reportedly increasing competition for the few attractive jobs that remain. Goldman Sachs is hiring 200 fewer summer analysts this year than it will for 2023, while JPMorgan is cutting its summer analyst class by 600, more than […]
Ryanair profits plunge by nearly half amid lower summer fares | Ryanair
Ryanair said its profits almost halved between April and June and warned that fares this summer will be “significantly lower” than last year. Europe’s largest airline announced a spring quarter profit of 360 million euros (303 million pounds), down 46% from the same period last year, despite passenger numbers rising 10% to 55.5 million. The […]
CloudStrike shares plunge 10% as global IT outage prompts mass chaos: ‘A major black eye’
Shares of cybersecurity giant CrowdStrike Inc. plunged 10% to $307.65 per share in trading on Friday after a flawed software update caused shocking mass shutdowns at businesses around the world. CrowdStrike CEO George Kurtz issued a hasty apology for the crisis, which affected millions of customers who use Microsoft Windows and disrupted airlines, banks, hospitals […]
Computer chip stocks plunge as Biden trade controls, Trump’s Taiwan remarks rattle investors
Shares of major computer chip makers including Nvidia and TSMC continued to fall on Thursday as warnings from both President Biden and Republican nominee Donald Trump rekindled geopolitical concerns among investors. The sell-off came after the Biden administration threatened to impose tough limits on foreign chipmakers’ exports to China and after former President Donald Trump […]
Will Xi Jinping’s ‘End of Days’ Plunge China and the World into War?
Estimated Reading Time: 4 minutes Xi Jinping, China’s mighty-looking leader, has an “enormous array of domestic enemies.” — Gregory Copley, president of the International Strategic Studies Association and editor-in-chief of Defense & Foreign Affairs Strategic Policy, to Gatestone Institute, February 2022. When truckers took over Canada’s capital, Ottawa, and shut down border entry points […]