Tag Archives: plummeting

Bed Bath & Bust. Bed Bath & Beyond stock fell more than 10% in Tuesday trading, a sharp reversal from a 3% move higher in pre-market activity, to a level not seen since the close of trading on July 2, 1993. The company’s ticker page was among the top five most visited on the Yahoo Finance platform. The sell-off likely reflects rising investor angst surrounding two key dates for Bed Bath & Beyond, both of which could offer clues on whether the struggling retailer survives the year. Bed Bath &… Source link

Russian oil production is falling. In March, it shed half a million bpd, which by the end of April reached a full 1 million bpd, according to BP’s CEO, Bernard Looney. And this may well grow to 2 million bpd this month. These barrels may not be returning to the market any time soon. As the European Union targeted a barrage of sanctions on Moscow, oil was excluded as a direct target but financial and maritime sanctions affected the industry. Now, the EU is proposing a full oil embargo, save… Source link

The Nasdaq and New York Stock Exchange halted trading in Russian stocks on Monday. The halt came after the US and other European countries imposed harsh sanctions on Russia due to its invasion of Ukraine. Russia’s central bank is also grappling with whether it should reopen its stock market on Tuesday. Loading … Source link

Friday, another round of jaw-dropping stock sell-offs after earnings announcements hit the tape, when Roku (ROKU) stock plunged 23% and DraftKings (DKNG) cratered 22% — the second-worst one-day performance for both stocks. Nightmare earnings reactions have been a theme this quarter, as investors seize on concerns over slowing growth prospects for companies over a wide range of industries. Combined with an increasingly hawkish Federal Reserve and a potential land war in Europe, investors are… Source link

Media giant ABC (DIS) is seeking $2 million for 30-second ad spots during this year’s Oscars telecast on April 25, according to Variety. Last year, the network reportedly charged up to $2.8 million for a 30-second spot, whereas 2019’s show saw ads sell for an average $1.98 million — a decline of 5% from 2018, according to market research company Kantar Media. (Source: Kantar Media Division) The most recent estimate, although historically on par with year’s past, is still surprising… Source link