August 12, 2024
“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Monday’s… Continue Reading…
March 25, 2024
“Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. The rare profit warning forecasts overall group revenues to drop 10%… Continue Reading…
March 15, 2023
“Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor in the embattled Swiss bank said it would not be able to provide any more cash due to regulatory… Continue Reading…
August 22, 2022
“Shares of theater chain and meme trader favorite AMC fell sharply on Monday as the struggles of a rival company appeared to weigh on the stock. AMC was down more than 30% in premarket trading, building on a loss of more than… Continue Reading…
January 19, 2022
“Sony shares fell more than 12% in Tokyo on Wednesday after Microsoft announced plans to buy Activision. Investors likely fear rising competition to Sony’s PlayStation division as well as the potential for Microsoft to pull some popular games from the Japanese entertainment giant’s platforms.… Continue Reading…
August 10, 2020
“Shares of Eastman Kodak plunged more than 40% at the low on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. “Recent allegations of wrongdoing raise serious… Continue Reading…
February 24, 2020
“The Dow Jones Industrial Average fell by more than 950 points at the open, erasing all gains for the blue-chip index for the year. The S&P 500 and Nasdaq were both down by around 4 percent, marking the biggest daily… Continue Reading…
October 16, 2019
“…Most investors are not even aware of the full extent to which the leveraged loan markets are threatening the general economy. In fact, most investors might not even know what a “leveraged loan is. A leveraged loan is a loan… Continue Reading…
August 20, 2019
“Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy. The Dow dropped 800.49 points or 3.05% to 2,5479.42, its worst percentage drop of the year and… Continue Reading…
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