Tag: Fades

GameStop tumbles for second day as meme-stock rally fades

(Reuters) -Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the day […]

GameStop tumbles for second day as meme-stock rally fades

(Reuters) – Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the […]

Everest Numbers Approach Final Tally as Summit Wave Fades

At least 570 climbers, including foreigners and locals, have climbed Everest so far this season,  Nepal’s Department of Tourism (DoT) said today in a press release. A few more groups have summited since then, so the final figure will increase. For example, SummitClimb put 10 people on top today. They reported great conditions, no wind, […]

GameStop stock tanks 25% as meme rally fades

GameStop stock (GME) tanked 25% Wednesday as a rally among meme names showed signs of fading. Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained more than 180% in the prior two sessions. AMC stock (AMC) also fell 17% Wednesday after the theater chain operator rose 95% over […]

China makes headway in Iraq’s oil industry as US influence fades

icon Semafor Signals Supported by Microsoft logo Insights from S&P Global, TRT World, Emirates Policy Center Arrow Down Title icon The News Five Chinese companies won bids to explore Iraq’s immense oil and gas fields, Iraq’s oil ministry said Saturday, while not a single US firm got a contract. It is the latest sign of […]

Caterpillar sees lower second-quarter sales as machinery boom fades

(Reuters) -Caterpillar said on Thursday it expects sales to fall in the current quarter as demand for its construction equipment eases from last year’s boom, sending its shares down 4% in premarket trading. Caterpillar had benefited from President Joe Biden’s $1 trillion 2021 infrastructure law to upgrade roads, bridges and other transportation infrastructure that sent […]

US futures drift lower as faith in rate cuts fades

US stock futures pointed to more losses on Wednesday, as investors looked to a coming speech by Federal Reserve Chair Jerome Powell for clues to whether interest rates will stay higher for longer. S&P 500 (^GSPC) futures slipped 0.2%, while Dow Jones Industrial Average (^DJI) futures held just below the flatline. Contracts on the tech-heavy […]

Adam Schiff and Steve Garvey advance as Katie Porter fades

LOS ANGELES — Democratic Rep. Adam Schiff, a scourge of Donald Trump and his MAGA movement, on Tuesday successfully pulled Republican Steve Garvey into November, boxing out progressive Rep. Katie Porter. The setup ensures what’s expected to be an easy run for Schiff to the U.S. Senate from California. Garvey, a first-time candidate and former […]

Glencore Posts Steep Profit Fall as Energy Crisis Fades

(Bloomberg) — Glencore Plc reported a steep drop in annual profit and lowered its dividend, after markets retreated from the price spikes and wild swings that drove blockbuster earnings in the aftermath of Russia’s invasion of Ukraine. Most Read from Bloomberg Glencore reported core earnings of $17.1 billion, half the record number it posted a […]