Starbucks shares tumble after warning of drop in sales, profit
Starbucks has suspended its earnings forecast for next year as new CEO Brian Nicol seeks to turn around the coffee giant, which has struggled with declining demand for expensive drinks. The coffee chain also reported preliminary results for the fourth quarter, saying same-store sales, net revenue and profits were down, weighed down by weak demand […]
NFL Power Rankings: Vikings surge ahead, while the Jags tumble
We're three weeks into the NFL season and we have some new power rankings that show some big changes. To explain our methodology, NFL writers ranked teams from 1 to 32 and then averaged the scores. In the event of a tie, we broke it with the team with the highest average ranking between the […]
Southwest shares tumble after airline overhauls board but keeps CEO
Southwest is replacing its board of directors and its chairman is due to step down next year, but it plans to keep Chief Executive Robert Jordan in his position in some concessions to hedge fund Elliott Investment Management, which had called on the airline to make reforms, including firing Jordan. Southwest Airlines said Tuesday that […]
Oil Prices Tumble as Traders Turn Bearish – OilPrice.com
Rising global crude supplies and weaker-than-expected demand have made traders increasingly bearish on oil prices. Hedge funds and other asset managers accelerated selling of the most-traded oil futures contracts in the latest reporting week that ended Sept. 3. Portfolio managers cut their overall net long positions — the difference between bullish and bearish bets — […]
Global stocks tumble after Wall Street drops on worries about the economy
Global stocks plummeted on Wednesday as Wall Street suffered its worst day since early August, with major player Nvidia falling 9.5% and leading a global sell-off in semiconductor stocks. France's CAC 40 was down 0.8% at 7,513.31 at the open, while Germany's DAX was down 0.8% to 18,607.62. Britain's FTSE 100 also fell 0.8% to […]
Pending home sales tumble to record low in July
Contracts to buy existing homes in the U.S. fell to a record low in July as rising prices and higher borrowing costs drove potential buyers out of the market. The National Association of Realtors on Thursday Pending Home Sales IndexThe index, based on signed contracts, fell 5.5 percent last month to 70.2, the lowest since […]
Core Durable Goods Orders Unexpectedly Tumble
U.S. orders for core capital goods fell 0.1 percent in July, the latest sign of weakness in U.S. manufacturing. Core capital goods are durable goods excluding military products and aircraft. Orders have declined month-over-month in four of the first seven months of this year. Compared to the first seven months of 2023, orders for non-defense […]
Gold prices nurse tumble from record highs with Powell, rate cuts in focus – Investing.com
Investing.com — Gold prices rose in Asian markets on Friday, but managed to halt losses from a record high hit the previous day as growing caution ahead of a speech from Federal Reserve Chairman Jerome Powell gave the dollar some support. Gold surged to a record high earlier this week amid growing confidence that the […]
Country star Nate Smith takes a nasty tumble during concert
Country music star Nate Smith took a hard fall while singing opening for Morgan Wallen. 38-year-old singer Video shared She recounted the moment to her fans on Instagram. “How I bounced back,” he wrote, adding in the caption, “Well that sucks.” Smith was singing “World on Fire” when he crashed to the ground. Morgan Wallen […]
Stocks tumble as recession fears spark turmoil throughout global markets
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