Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that the decline would worsen to more than 50% in the second quarter as layoffs are Read more
Tag: dive
Treasury yields retrace a portion of latest dive as Fed official sounds warning
Bond yields rose on Monday as a Fed official called for caution on optmism that inflation may have peaked. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.386% rose Read more
AMC should avoid ‘distractions’ like credit cards, popcorn and dive deeper into IMAX, says analyst
AMC Entertainment Holdings Inc., which reported its 12th consecutive quarterly loss on Tuesday, should avoid the “distractions” of its many new business ventures and dive deeper into its IMAX partnership, Read more
Opinion: Tech earnings are about to dive, and there’s no life preserver in sight
What a difference a year makes. Now, a slow release of air from a balloon would be a welcome relief from the sonic boom of tech stocks tanking and earnings Read more
Chinese developer CIFI shares dive amid default concerns
Shares of CIFI Holdings (Group) Co 884, -29.13%. fell sharply on Wednesday, following reports that an entity related to the Chinese developer had missed a debt payment. The stock fell Read more
Allbirds shares dive after latest cuts to 2022 guidance
Allbirds Inc. BIRD, +7.59% shares dived 15% to $4.80 in after-hours trading Monday after the company once again slashed its guidance for 2022. The sneaker maker forecast full-year 2022 adjusted Read more
Credit Suisse shares dive toward record low after credit downgrades
Shares in Credit Suisse slumped nearly 7% to flirt with a record low on Tuesday after downgrades by two credit rating agencies highlighted the challenges facing new boss Ulrich Koerner Read more
Sinch shares dive after short-seller says company overstated results
Shares of Swedish telecommunications firm Sinch tumbled over 20% on Monday after a short-selling research firm alleged the company overstated results. Ningi Research said Sinch SE:SINCH acquired harmful assets and Read more
Oil selloff overshoots, says Goldman, as U.S. crude extends dive below $100 a barrel
A selloff that’s sent the U.S. crude diving below $100 a barrel this week has already gone too far, according to analysts at Goldman Sachs. West Texas Intermediate crude CL.1, Read more
U.K. new car sales dive 24% in June in the worst performance in 26 years
U.K. car sales skidded 24% in June, the worst performance for the month in 26 years. The Society of Motor Manufacturers and Traders said 140,958 vehicles were registered, in what Read more