Tag Archives: Plunges

[unable to retrieve full-text content]Exxon Plunges After Surprise Refining Outlays Hurt Returns  Yahoo Finance Source link

[unable to retrieve full-text content]Trump Media stock plunges on plans to issue new shares  Yahoo Finance Source link

Warner Bros. Discovery’s (WBD) stock sank another 14% in mid-afternoon trading on Friday after the company reported third quarter earnings results that missed expectations across the board. “It’s a legacy company of yesteryear that is trying to be a future company of tomorrow,” Julia Alexander, director of strategy at Parrot Analytics, told Yahoo Finance Live (video above). Alexander added that the media giant “is a three-prong company dealing with three different issues,” which she describes… Source link

Beyond Meat is letting go of an executive who allegedly bit someone’s nose outside of a football game last month as part of a 19% reduction in the plant-based meat company’s global workforce that also includes the embattled company’s COO. Beyond Meat stock were down more than 7% in pre-market trading as of 7:12 AM ET. The company stated that the last day of Chief Operating Officer (COO) Doug Ramsey would be Friday. Ramsey had been on suspension since September 20 after the alleged incident,… Source link

By Kanishka Singh and Akriti Sharma (Reuters) – Bed Bath & Beyond Inc’s chief financial officer fell to his death from New York’s Tribeca skyscraper known as the “Jenga” tower on Friday afternoon, police said, just days after a lawsuit alleged he was involved in a “pump and dump” scheme. Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble, according to his LinkedIn profile. On Friday at… Source link

US stocks fell on Thursday, with the major averages logging steep declines for the month of June, second quarter and first half of 2022 as concerns over heightened inflation and the prospects of a recession weighed heavily on risk assets. The S&P 500 fell by 0.9% on Thursday to reach 3,785.38, ending the first half of 2022 lower by 20.6% for its worst start to a year since 1970. The Dow ended Thursday’s session at 30,775.43, dropping 15.3% for the year-to-date for its worst first half since… Source link

(Bloomberg) — Deere & Co. slid the most in 14 years after the world’s largest manufacturer of agricultural equipment was the latest major US company bruised by supply chain snags and rising inflation. Most Read from Bloomberg Shares fell 14% Friday, erasing a record $15.7 billion in market capitalization after the company posted disappointing quarterly sales and said that supply chain challenges will persist through the end of the year. Ongoing chip shortages continue to prevent Deere from… Source link

(Bloomberg) — Shopify Inc. dropped as much as 16% after it missed analysts’ estimates for revenue and profit and announced the largest acquisition in its history, a $2.1 billion deal for delivery startup Deliverr. Most Read from Bloomberg The Canadian e-commerce software firm earned 20 cents per share on an adjusted basis in the first quarter, short of analyst calls for 64 cents. Revenue rose 22% to $1.2 billion from a year earlier, but couldn’t match analyst expectations of $1.25… Source link

People walk near the headquarters of Yandex company in Moscow May 23, 2011. The sign reads “Yandex”. REUTERS/Sergei Karpukhin Register now for FREE unlimited access to Reuters.com Register April 27 (Reuters) – Russian internet group Yandex (YNDX.O) plunged to a first-quarter loss and acknowledged on Wednesday that problems started appearing after Moscow sent troops into Ukraine on Feb. 24. The company, whose Nasdaq-listed shares were suspended in February and warned last month it did not have… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * S&P 500 falls over 10% from its record closing high on Jan 3 * Kohl’s surges as Sycamore, Acacia show takeover interest * Information Technology top S&P 500 sectoral loser * Indexes drop: Dow 3.15%, S&P 3.9%, Nasdaq 4.8% (Adds comment, details; updates prices) By Devik Jain and Bansari Mayur Kamdar Jan 24 (Reuters) – U.S. stock indexes plunged on Monday, with the S&P 500 on course to… Source link