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Delta shares plunge after lower-than-expected profit forecast despite surge in travel

Delta Air Lines shares fell more than 5% on Thursday after the airline forecast weaker-than-expected quarterly profit despite a surge in travel demand this summer. Atlanta-based airline Delta forecast adjusted earnings per share of $1.70 to $2.00 for the third quarter ending in September, below analysts’ expectations of $2.05, and blamed discounting pressures at the […]

Home Sales Plunge, Investors Pull Back Too, Prices Drop 8.4% in 4 Months

Estimated Reading Time: 2 minutes Sellers are struggling with denial: Priced “right,” a home will sell, but “right” is where the buyers are, and they’re a lot lower. Sales of all types of previously owned homes – houses, condos, and co-ops – fell by 5.9% in October from September, the ninth month in a row of […]

Walgreens may close over 2K stores as sales plunge amid inflation

Walgreens said Thursday it may close up to a quarter of its more than 8,600 U.S. stores as inflation-hit consumers cut back on spending and retail sales plummet. The struggling drugstore chain, which closed 150 U.S. stores last year, lowered its profit forecast ahead of its quarterly earnings report, sending its shares plummeting nearly 25 […]

GameStop shares continue to plunge as frenzy over Roaring Kitty’s return fizzles

GameStop shares fell for a second straight day on Monday, continuing a steep decline following comments from stock influencer Keith Gill. Back to YouTube Last week’s share price rally failed to spark new investor interest in the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held her first live stream in three […]

GameStop shares plunge, halted during Roaring Kitty livestream

Shares of GameStop, the video game retailer and meme stock sensation, plummeted on Friday afternoon and were repeatedly curbed by a livestream from the investor behind the frenzy. GameStop shares fell more than 33% just after 12:45 p.m., 45 minutes after investor Keith Gill, known as Roaring Kitty, began his highly-anticipated live presentation on YouTube. […]

Stock market could plunge 10% as economy faces stagflation threat, Stifel warns

John Koudounis, president and CEO of Calamos Investments, said he doesn’t expect any central banks to raise interest rates and that there is still “sideline” money in the market. There may be problems in the future US Stock MarketAccording to analysts at Stifel. Stocks are headed for another sharp decline, with the S&P 500 index […]