Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas Intermediate Read more
Tag: slumps
Oil slides as China factory gauge slumps; natural-gas futures move sharply higher
Oil futures fell Monday, feeling pressure after a weak reading on China factory activity and a widening of COVID-19 curbs by the country. Previously beaten-down natural-gas futures, meanwhile, rallied by Read more
Samsung Electronics’ net profit slumps 24% as memory-chip prices sink
SEOUL — Samsung Electronics Co. saw profits slump as prices of memory chips, its main source of income, have plunged as the semiconductor industry goes through a downturn. The South Korean tech Read more
Stock in Orpea slumps 34% as French care home operator resumes trading
Shares in French care home group Orpea tumbled 34% on Wednesday as it resumed trading two days after a suspension on the Paris Stock Exchange. France’s market watchdog AMF stopped Read more
HSBC Holdings stock slumps after surprise CFO change
HSBC Holdings shares dropped as much as 8% in London trade on Tuesday as the bank announced a surprise shake-up in management amid its third-quarter earnings report. HSBC shares HSBA, Read more
Taiwan Semi slumps after reported diss of U.S. chip efforts, analog-chip downgrades also drag on semiconductor sector
Chip stocks lagged behind the broader market Monday following a report that Taiwan’s fabrication industry is pessimistic about U.S. efforts to lessen its reliance on foreign capacity, along with a Read more
Oil slumps after hot inflation reading, while IEA warns of global recession
Oil futures fell Thursday after a hotter-than-expected consumers price index reading was seen forcing the Federal Reserve to keep aggressively tightening monetary policy, while the International Energy Agency warned that Read more
Philips stock slumps 8% after issuing profit warning
Shares of Philips dropped 8% to their lowest level since 2012 after the Dutch tech company issued its second profit warning this year, forewarning that supply chain problems will impact Read more
NFT trading volume slumps since beginning of 2022
Nonfungible token trading volume has declined approximately 97% since the start of 2022, according to data from Dune Analytics, a crypto analytics data company. The charts show a drop from Read more
Oracle Corp. Japan shares fall sharply after Q1 net profit slumps
Oracle Corp. Japan’s 4716, -4.00% shares fell sharply Thursday morning after its first-quarter net profit dropped 3.8% from a year earlier due to higher costs. The shares were recently 4.0% Read more
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