Slump

Burger King owner’s sales hurt by deepening restaurant slump
Burger King owner’s sales hurt by deepening restaurant slump
August 8, 2024
RESTAURANT Brands International’s sales grew less than anticipated in the second quarter, the latest sign of consumer malaise hitting restaurants. The company missed estimates for sales growth at restaurants open...
German carmaker mood darkens on slowing EV shift, China slump
German carmaker mood darkens on slowing EV shift, China slump
August 5, 2024
GERMANY’S carmakers are growing gloomier about their prospects after a disappointing earnings season marked by waning electric vehicle (EV) sales and weakness in China for companies including Volkswagen and...
Apple supplier stocks slump after Berkshire nearly halves stake
Apple supplier stocks slump after Berkshire nearly halves stake
August 5, 2024
THE shares of Apple’s suppliers slumped after Berkshire Hathaway nearly halved its stake in the iPhone maker. The decline came amid a broad market selloff on Monday (Aug 5).Taipei-listed...
Intel shares set for record 28% slump as turnaround struggle deepens
Intel shares set for record 28% slump as turnaround struggle deepens
August 2, 2024
INTEL shares sank nearly 28 per cent on Friday and were set for their worst day ever after the company suspended dividend and slashed workforce to fund a costly...
Lufthansa sees earnings slump in third quarter as costs rise
Lufthansa sees earnings slump in third quarter as costs rise
July 31, 2024
LUFTHANSA warned of a fall in third-quarter earnings on Wednesday (Jul 31) as the German airlines group grapples with higher wage costs and a squeeze on ticket prices. Airfares around...
Pinterest forecasts downbeat revenue as competition grows; shares slump
Pinterest forecasts downbeat revenue as competition grows; shares slump
July 31, 2024
PINTEREST forecast current-quarter revenue below Wall Street expectations on Tuesday (Jul 30) as the image-sharing platform faces tough competition in a stabilising digital advertising market, sending its shares down...
Big Tech stock slump amps up pressure to deliver on earnings
Big Tech stock slump amps up pressure to deliver on earnings
July 21, 2024
THE stakes were already elevated for technology giants heading into this earnings season. They just got a lot higher after the worst week for the Nasdaq 100 Index in...
Nomura reshuffles Asia investment bank team, cuts jobs in slump
Nomura reshuffles Asia investment bank team, cuts jobs in slump
July 17, 2024
NOMURA Holdings is reshuffling its Asia investment-banking team and cutting jobs in an effort to reduce costs amid a deals slump in China and Hong Kong.Patrick Kwan, head of...
Swiss luxury watch market succumbs to a brutal China-led slump
Swiss luxury watch market succumbs to a brutal China-led slump
July 16, 2024
SALES of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of the industry’s key markets. Fresh numbers...
Hawkish RBNZ seen unswayed by signs of deepening economic slump
Hawkish RBNZ seen unswayed by signs of deepening economic slump
July 7, 2024
NEW Zealand’s central bank will likely reiterate this week that interest rates need to stay high for a sustained period, even as households hunker down amid signs of a...