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| December 12, 2017

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Energy Slump Pulls Stock Market Lower

December 7, 2017 |

Stocks closed mostly lower after an up-and-down day of trading as energy companies and retailers dragged the market down, the AP reports. A steep drop in the price of oil Wednesday pulled the energy sector lower. Devon Energy slumped 3.9%. Benchmark US crude fell 2.9%. Home improvement retailers…
Newser

China stock slump weighs on global markets

November 23, 2017 |

European stock markets were weighed down Thursday by the earlier slump in China’s main stock market to its lowest level since September. Trading levels were relatively modest, though, with U.S. markets closed for the Thanksgiving holiday.

In Europe, Britain’s FTSE 100 fell 0.1% to 7,410, while…


L.A. Times – Business

Stocks slip; retailers and media companies slump

October 12, 2017 |

U.S. stocks were slipping in early trading Thursday as retailers and communications and media companies declined. Women’s clothing retailer J. Jill was tumbling after it slashed its forecast for the third quarter. AT&T was falling after it said it expects to lose DirecTV subscribers, while cable…


L.A. Times – Business

Slowdown in international visitors may be the ‘Trump Slump’ experts have predicted

September 9, 2017 |

The harsh words uttered by Donald Trump about Muslims and Mexicans had travel industry leaders worried that international visitors would feel unwelcome and stay away from the U.S. if he became president.

Until now, travel data had showed little, if any, change in the popularity of the U.S. as a…


L.A. Times – Business

Lego: Time to Simplify as Profits Slump

September 5, 2017 |

Danish toy maker Lego will cut 1,400 jobs, or about 8% of its global workforce, after reporting a decline in sales and profits in the first half of 2017. The privately held company said Tuesday that its revenue dropped 5% to $ 2.4 billion in the first six months…
Newser

Macy’s and Kohl’s Slow Sales Slump, but Investors Still Spooked

August 10, 2017 |

Macy’s and Kohl’s reported another quarter of shrinking sales that spooked investors, though the latest declines weren’t as deep as they have been in recent quarters.
WSJ.com: US Business

US Tourism Isn’t Seeing a ‘Trump Slump’

July 18, 2017 |

Last winter, the US tourism industry fretted that Trump administration policies might lead to a “Trump slump” in travel. But those fears may have been premature. International arrivals and travel-related spending are up in 2017 compared with the same period in 2016. There might even be a “Trump bump,” says…
Newser

Stocks falter as oil prices slump

June 20, 2017 |

The price of oil slumped Tuesday to its lowest level of the year and helped to restrain U.S. stock indexes, which were at record highs the day before.

KEEPING SCORE: The Standard & Poor’s 500 index fell 7 points, or 0.3%, to 2,446, as of 10 a.m. EDT. The Dow Jones industrial average fell 15 points,…


L.A. Times – Business

Tech Slump Drags Stocks Lower

June 12, 2017 |

Technology stocks continued to slump, pulling the broader market lower, the AP reports. Netflix, Apple, and Amazon all fell sharply on Monday. Tech has been far outpacing the rest of the market this year. Energy and phone companies, which have lagged the market, rose. Verizon climbed 1% and AT&T gained…
Newser

Stocks Recover Ground Day After Big Slump

May 18, 2017 |

Solid gains in phone companies and some retailers pushed US stock indexes modestly higher on Wall Street, recouping some of the ground they lost a day earlier, the AP reports. AT&T and Verizon each rose 1.3% Thursday. Walmart Stores rose 3.2% and L Brands climbed 2.7% after…
Newser