US stock futures were lower but digging themselves out of a deeper sell-off on Friday, after Israel’s retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold. Dow Jones Industrial Average (^DJI) futures were down roughly 0.3%, coming back from a 1.4% drop in after-hours trading. S&P 500 […]
Tag: tumble
Tesla Stock Is Down 60%. How Much Further Could It Tumble?
The growth story at Tesla (NASDAQ: TSLA) is starting to look shaky. After years of ever-rising deliveries of its popular electric vehicles (EVs), the company has crashed head-first into economic reality. Demand for EVs is softening, so much so that traditional automakers are pulling back on their ambitious plans. In China, cheaper alternatives are eating Tesla’s […]
Dow plunges 470 points as US stocks tumble on hot inflation report
The stock market is mimicking 2 other financial bubbles of the past before bursting, according to one investment advisor.REUTERS/Lucas Jackson US stocks tumbled on Wednesday as traders took in hotter-than-expected inflation. Consumer prices rose 3.8% year-per-year in March, higher than what economists had expected. The odds of a June Fed rate cut have been completely […]
Stock Market Today: Indexes Tumble As Tesla Rises And Nvidia Falls
The Dow Jones and other major stock indexes plunged in morning trades Tuesday, as the markets braced for a key inflation report. Meanwhile, Tesla rose as investors weighed major developments at the electric-car maker, and Nvidia fell on the stock market today in spite of analysts’ bullish views on its China sales.
Long-time Teladoc leader departs as virtual care provider struggles with post-COVID tumble
The leader of struggling telemedicine provider Teladoc Health has left effective immediately, the company announced Friday. Teladoc gave no reason for the departure of CEO Jason Gorevic. The 52-year-old executive had led the company and served as a director since 2009. Teladoc said Chief Financial Officer Mala Murthy would serve as acting CEO while the […]
Tesla shares tumble toward make-or-break level in latest wipeout
(Bloomberg) — Tesla Inc.’s disastrous sales report on Tuesday, and traders’ aggressive selling of the stock in the months leading up to it, have the share price plunging toward a critical level for investors. Most Read from Bloomberg The electric-vehicle giant’s stock price has sunk more than 33% this year, making it the worst performer […]
Health Insurers Tumble as Final Medicare Advantage Rates Disappoint
(Bloomberg) — Health insurance stocks fell sharply Monday in late trading after US regulators didn’t boost payments for private Medicare plans like the industry had come to expect. Most Read from Bloomberg The decision by the administration of President Joe Biden to hold firm on proposed Medicare Advantage rates for 2025 shows a break with […]
UnitedHealth, Other Health Insurers Tumble On Medicare Advantage Rates
UnitedHealth (UNH) and Humana (HUM) tumbled late Monday while other health insurers such as CVS Health (CVS) and Cigna (CI) ended mixed after the Biden Administration announced that final Medicare Advantage rates in 2025 won’t change from initial plans in January. X The Centers for Medicare and Medicaid Services announced late Monday that private Medicare […]
Trump’s media company raises going-concern doubts; shares tumble
(Reuters) -Shares of Trump Media & Technology Group fell nearly 18% on Monday as the parent of Truth Social platform raised going-concern doubts due to struggles to meet its financial liabilities just days after going public through a blank-check merger. The company posted a net loss of $58.2 million in the year ended December 2023, […]
Trump’s media company raises going-concern doubts; shares tumble
(Reuters) -Shares of Trump Media & Technology Group fell nearly 18% on Monday as the parent of Truth Social platform raised going-concern doubts due to struggles to meet its financial liabilities just days after going public through a blank-check merger. The company posted a net loss of $58.2 million in the year ended December 2023, […]
B&Q owner sees profits tumble and warns over earnings for the year ahead
B&Q owner Kingfisher has revealed annual profits slumped by more than a quarter and warned over another steep fall in earnings this year as it overhauls its French arm to help revive its fortunes. The group reported a 25.1 per cent drop in underlying pre-tax profits to £568 million (€662 million) for the year to […]
New Record of $73K, Tumble to $69K, Rebound to $71K, $360M in Liquidations
Bitcoin’s sudden dip from its all-time highs was quickly bought up, but altcoins lagged in the rebound. The sudden burst of volatility liquidated $360 million of leveraged derivatives positions across all digital assets, CoinGlass data shows. The hotter-than-expected inflation reading will not impact the crypto bull market, a Nansen analyst said. The cryptocurrency market saw […]