Image Image Image Image Image Image Image Image Image Image Image Image

| November 15, 2018

Scroll to top


sink Archives -

Plunging Oil Prices Sink Energy Stocks

November 13, 2018 |

The steepest fall in oil prices in more than three years pulled energy stocks lower on Wall Street, extending a losing streak for the S&P 500 index to a fourth day, the AP reports. The price of US crude plunged 7.1% Tuesday, to $ 55 a barrel, the lowest since…

Post-election stock surge fades, and oil prices sink again

November 8, 2018 |

U.S. stocks slipped Thursday as oil prices’ ninth consecutive drop hurt energy companies. U.S. markets were coming off huge gains from the day before.

U.S. crude oil has slumped more than 20% since early October, meeting Wall Street’s definition of a bear market.

Government fuel stockpiles have…

L.A. Times – Business

Stocks sink again, falling back into the red for the year

October 27, 2018 |

Stocks are back in the red for the year after another wave of selling hit Wall Street on Friday.

The decline capped an unusually turbulent week of trading that had one solid gain sandwiched between substantial losses.

A three-week slide has left the benchmark Standard & Poor’s 500 index on track…

L.A. Times – Business

ZTE Profits Sink, But Sales Are Recovering ‘Rapidly’ After U.S. Ban

October 27, 2018 |

ZTE Corp., the Chinese telecom giant, said profit for the third quarter fell 65% from a year ago but business is “rapidly recovering” after a three-month ban forbidding it to buy from U.S. suppliers ended this summer. What’s News Asia

Stocks sink on weak industrial earnings; tech skid resumes

October 19, 2018 |

U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrial firms and companies that rely on consumer spending.

Several industrial companies tumbled after releasing weak quarterly reports, and European stocks also fell as European Union…

L.A. Times – Business

Dow Falls Again as Industrial Stocks Sink

October 18, 2018 |

Stocks are closing broadly lower on Wall Street after erasing part of an earlier plunge, the AP reports. Industrial companies sustained some of the biggest losses Thursday after several of them reported dismal results. Aircraft maker Textron dropped 11.3% after reporting results that came in well short of forecasts….

Retail stocks sink as Amazon raises hourly pay; Dow sets new record high

October 3, 2018 |

U.S. stocks ended mixed Tuesday, with retailers sinking after Amazon said it will raise hourly wages for U.S. employees and smaller companies continuing to stumble. Several big industrial companies rose, pushing the Dow Jones industrial average to a record high.

Amazon, one of the nation’s largest…

L.A. Times – Business

Stocks Sink as China Reportedly Rebuffs Talks

September 24, 2018 |

Stocks are closing mostly lower on Wall Street after China and the US put tariffs on more of each other’s goods, the AP reports. Investors were also discouraged Monday by a report that China rebuffed a plan for more talks on trade. Oil prices rose after OPEC decided against increasing…

Tech Stocks Sink as Execs Testify

September 5, 2018 |

US stocks are closing with losses as technology and consumer-focused companies decline, the AP reports. Facebook shed 2.3% and Twitter fell 6.1% as top executives from those companies testified before Congress about issues including their efforts to prevent disinformation and election meddling. Some of the market’s recent leaders…

Stocks sink on growth concerns and jitters over Turkey

August 15, 2018 |

Global stocks are sinking Wednesday as an unexpected drop in profits for Chinese tech giant Tencent has investors worrying about economic growth. Oil and copper prices are falling.

Technology and energy companies are taking some of the worst losses in the United States. Retailers are falling despite…

L.A. Times – Business