Chipotle sales slump as recession fears hit burrito chain: ‘Consumers were saving money’
Chipotle Mexican Grill on Wednesday softened its annual sales growth forecast as sticky inflation and economic uncertainty reduced consumers and brought Burrito Chain stock down 3% after opening hours. The company is currently expecting annual sales growth rates in a single digit lower range compared to its pre-estimation of low single digit rise. President Trump’s […]
US stocks slump after Nvidia, AMD warn of charges over new chip export restrictions
Nvidia and AMD warned that new export restrictions on the Department of Commerce’s computer chip could cost billions of dollars. Nvidia said the new regulations will be hit by a $5.5 billion bill. Although major chip makers can apply for export licenses, there is no guarantee that they will be granted. This means you could […]
Tesla’s first-quarter deliveries slump amid weak demand, Musk controversy
R-Tenn. Senator Marsha Blackburn of the film echoes Tesla's protests and responds to a man's post about Tiktok, urging people to shoot ice agents in sight. Tesla announced on Wednesday that first quarter delivery fell 13% amid slower consumer demand for electric vehicles (EVs) and the controversy surrounding CEOs. Elon Musk Political involvement in the […]
Democrat Fear and Loathing of Trump Risks Pushing the Economy into a Slump
Demcession rising: Democrats' panic can hurt the economy Consumer sentiment is falling apart, and the cause is not economic fundamentals, not politics. University of Michigan's latest consumer sentiment survey show Confidence will plummet at 57.9 in Marchthe lowest level since November 2022. All demographics have reduced emotions, but the decline has It is overwhelmingly driven […]
Stocks slump as recession fears rattle Wall Street
Stock markets launched the week with losses Monday amid growing concerns about the state of the US economy and the impact of President Trump's trade policy. The Dow Jones industrial average fell 381 points, down 0.9% Monday before 11:30am. The NASDAQ Composite fell by 3.5%, while the S&P 500 index fell by 2%. It has […]
Stocks slump on Trump tariff fears, job cuts
The stock market sank after Thursday's opening bell amid growing fears about potential damage that President Trump's new tariffs could weaken the economy. All three major indices began trading at a loss of more than 1% on Thursday and gave up profits from short market rebounds on Wednesday. The Dow Jones industrial average fell by […]
Target faces 40-day boycott amid spending slump, tariffs
Shoppers are gearing up to slap targets in a 40-day boycott against DEI policy reversal on Wednesday. It's a triple wamy for retailers as they are troubled by low spending and are prepared for the potential for increased costs under President Trump's tariffs. “We are asking people to sell from Target as they turned their […]
Housing market mired in slump as January home sales drop 4.9%
Sales of previously occupied US homes fell in January as mortgage rates increased and prices postponed many home buyers despite wider property selection in the market. did. The National Association of Realtors said Friday that sales fell 4.9% last month from December to a seasonally adjusted annual rate of 408 million units. Sales increased 2% […]
Continental Slashes 3,000 R&D Jobs as Auto Sector Struggles As EV-Driven Auto Sector Slump Deepens
German auto parts giant Continental AG has cut roughly 3,000 R&D jobs in its automotive sector. This is because they prepare to spin off struggling businesses amid the widespread disruption of the automotive industry, which stems from overly aggressive investment in electric vehicles. Employment cuts, which amount to about 10% of Continental's R&D workforce, were […]
TSMC Shares Slump on Return From Holiday After DeepSeek Jolt – Yahoo Finance
(Bloomberg) -TAIWAN SEMICONDUCTOR MANUFACTURING CO. shares resumed on Monday and fell the most in almost six months as we caught up with artificial intelligence-related shares last week. Most read from Bloomberg The shares listed in Taipei slipped as much as 6.6 % and pressure on benchmark Taiex. Hon Hai Precision Industry Co. also fell to […]