Stocks sell off on recession fears after weak jobs report
U.S. stocks fell sharply on Friday after a weaker-than-expected jobs report stoked concerns the economy could be slowing more quickly than analysts had expected. The Dow Jones Industrial Average, a benchmark index of 30 major U.S. companies, fell more than 900 points in morning trading on Friday and closed down 750 points, or 1.9 percent, […]
Dow plunges over 900 points after weak jobs report sparks recession fears
The Dow Jones Industrial Average plunged more than 800 points and the Nasdaq entered a correction on Friday, on track to fall more than 10% from its July record, as weak jobs data stoked fears of a slowing U.S. economy and pessimistic outlooks for Amazon and Intel dampened sentiment. The Dow Jones Industrial Average fell […]
Amazon shares plummet on weak revenue forecast
Amazon’s shares fell sharply in after-hours trading after the company forecast lower-than-expected sales for the current quarter and its second-quarter profit beat Wall Street expectations. Amazon’s focus on the success of its AWS cloud computing platform did not please investors, with the Seattle-based company’s shares falling more than 6% in after-hours trading. “We continue to […]
McDonald’s posts weak quarterly results as higher fast food prices hurt demand
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. Burger chain McDonald’s Inc. on Monday reported an unexpected drop in sales and a quarterly profit that fell short of Wall Street expectations as rising menu prices helped it struggle to attract cash-strapped customers who […]
Viral Catholic leader: Christians must not be ‘weak’ in the face of Olympics opening spectacle
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Universal Music Group loses $16B after weak streaming reveal
Universal Music Group shares plunged 24% on Thursday, wiping more than $16 billion in market value after the company revealed weaker-than-expected revenue growth from its subscription and streaming services. The Netherlands-based music giant, whose roster includes big-name artists such as Taylor Swift and Billie Eilish, Market capitalization plummets That was down to $39.9 billion from […]
O’Malley calls McGregor a ‘mentally weak drug addict’
UFC bantamweight champion Sean O’Malley has said that former two-division champion Conor McGregor is a drug addict and needs rehabilitation, after the former champion mocked his past suspension for using banned substances. The latest spat between the fan-favorite duo appears to have started after McGregor re-shared an old video in which O’Malley claimed to have […]
UPS misses quarterly estimates on high labor costs, weak small-package demand
Gargi Chaudhuri, Chief Investment and Portfolio Strategist at BlackRock, discusses the value rally and earnings growth potential of small-cap stocks on “The Craman Countdown.” United Parcel Service Inc. on Tuesday reported second-quarter profit that fell short of Wall Street expectations, due to weak demand for package deliveries and higher costs caused by the Teamsters labor […]
Piglets review – this comedy is so weak you wonder why the police bothered to complain about it | Television & radio
IIt’s time for the Police Federation of England and Wales to apply lavender oil to all pulse points, because ITV’s new comedy Piglet has just begun. When the title of the sitcom, which follows six rookie police officers as they enroll at the fictional Norborne Training School, was announced, the federation issued a swift and […]
China's Surging Commodity Exports Suggest Weak Domestic Demand – OilPrice.com
China’s exports of copper, diesel and alumina surged in June compared with the same month in 2023, with copper exports surging to a record high as sluggish domestic demand due to weaker-than-expected economic growth weighs on Chinese consumption of goods. China’s copper exports surged 187% last month to a record high, official Chinese data showed. […]