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November 27, 2021

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Boeing, airline stocks tumble as new Covid variant spurs travel curbs

CNBC
CNBC – For more and to sign up click here Boeing, airlines and other travel stocks tumbled on Friday after several European and Asian countries announced new travel restrictions from southern Africa because of a new Covid variant. European Union member nations on Friday agreed to suspend travel from the......

Markets and oil tumble as a new coronavirus variant brings back travel restrictions.

New York Times
New York Times – For more and to sign up click here Futures of West Texas Intermediate oil, the U.S. crude benchmark, plummeted more than 13 percent to $68.04 a barrel, the lowest since early September. The price of oil has been especially sensitive to virus restrictions that keep people......

From cruise operators to airlines: ‘Reopening’ stocks tumble on variant fears

Reuters
Nov 26 (Reuters) – Companies benefiting from this year’s economic reopening, including AMC Entertainment, United Airlines and Carnival Corp, were hammered on Friday by fears over a new and possibly-vaccine resistant coronavirus variant. The variant, discovered in South Africa, prompted several countries to tighten border controls and investors to dump......

South African markets tumble on new COVID-19 variant

Reuters
A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon Bulawayo Register now for FREE unlimited access to reuters.com Register JOHANNESBURG, Nov 26 (Reuters) – The South African rand sank below 16.00 to the dollar for the first time this year on Friday as, with......

Nordstrom shares tumble 18% as earnings fall short, hurt by higher labor costs, weak Nordstrom Rack sales

CNBC
CNBC – For more and to sign up click here A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Tuesday reported earnings that fell short of analysts’ expectations as labor costs ate into profits and sales and its Nordstrom......

Twitter shares tumble after a weak report on U.S. user growth and analyst price cuts

CNBC
CNBC – For more and to sign up click here Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.......

S&P 500, Dow tumble as Wall Street heads for monthly losses

Reuters
A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo S&P 500 set to snap seven-month winning streak Indexes down: Dow 1.25%, S&P 0.86%, Nasdaq 0.30% Sept 30 (Reuters) – The S&P 500 and the......

Cryptocurrencies tumble after China’s latest crackdown. Here’s why traders see opportunity

CNBC
CNBC – For more and to sign up click here Bitcoin and other cryptocurrencies sold off Friday after China took a hard line against the space. The People’s Bank of China in a Q&A overnight called all crypto-related activities illegal — the latest in a regulatory crackdown that had previously......

Disney shares tumble as CEO projects lower fourth-quarter subscriber growth than estimates

CNBC
CNBC – For more and to sign up click here Tom Hiddleston stars as Loki in the Disney+ series “Loki.” Disney Disney‘s CEO Bob Chapek said Tuesday that his company’s streaming service growth has “hit some headwinds” related to coronavirus, causing shares to drop more than 3%. Disney expects to......

Bitcoin drops 9% to below $44,000 as risky assets tumble globally, regulatory concerns intensify

CNBC
CNBC – For more and to sign up click here Bitcoin prices fell sharply amid the global sell-off in equities. Luke MacGregor  | Bloomberg | Getty Images The price of bitcoin dropped sharply Monday as investors began shedding risk amid an equity markets decline. While bitcoin is often called a......

Chewy shares tumble after pet retailer’s earnings and forecast disappoint

CNBC
CNBC – For more and to sign up click here Shares of Chewy sank in extended trading Wednesday after the online pet retailer’s second-quarter results and third-quarter outlook fell short of Wall Street forecasts. The stock was down more than 11% at one point, before parring some of the losses......

Chinese baijiu liquor stocks tumble amid regulatory concerns

CNBC
CNBC – For more and to sign up click here Signage for China Kweichow Moutai Distillery Co. baijiu liquor lines a road at the company’s facility in the Maotai section of the Renhuai District in Zunyi, Guizhou Province, China, on Thursday, April 7, 2011. Nelson Ching | Bloomberg | Getty......

Victoria’s Secret shares tumble, Bath & Body Works rises after first post-split earnings reports

CNBC
CNBC – For more and to sign up click here Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021. Bing Guan | Bloomberg | Getty Images Shares of Victoria’s Secret are tumbling while those of Bath & Body Works are......

Huawei’s sales tumble as phone buyers flee the Chinese giant.

New York Times
Sales are falling fast at Huawei, the Chinese tech titan that American officials have deemed a national security threat and sought doggedly to undermine. The company said on Friday that its shrinking smartphone business caused overall revenue for the first half of the year to slide by nearly 30 percent......

Royal Caribbean shares tumble as 6 Covid cases discovered on board a ship, cruise line expands U.S. testing policy

CNBC
CNBC – For more and to sign up click here The Royal Caribbean cruise ship, the Adventure of the Seas sits in its port at sunrise on August 24, 2018, in Bayonne, New Jersey. Gary Hershorn | Corbis News | Getty Images Royal Caribbean Cruises shares fell more than 4%......

China’s private education firms brace for hit from new rules, shares tumble

Reuters
People pick up children from a school in Beijing, China, April 6, 2021. REUTERS/Thomas Peter HONG KONG, July 26 (Reuters) – China’s private education firms are bracing for a “material” hit to their operations after Beijing announced new rules barring for-profit tutoring in core school subjects to ease financial pressures......

Futures tumble on growth worries, Chinese tech rout

Reuters
The New York Stock Exchange is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri Futures down: Dow 1.4%, S&P 1.3%, Nasdaq 1.3% July 8 (Reuters) – U.S. stock index futures fell more than 1% on......

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