Stock News

Morrison Supermarkets Kicks Off British Christmas Period Results With Lackluster Retail Sales

Morrison Supermarkets (MRW.L), one of the biggest grocery stores in the UK, reported early Tuesday lackluster like-for-like retail revenue growth during the Christmas holiday period, citing a “change in consumer behavior.” Retail’s contribution to group like-for-like sales was 0.6% over the nine weeks that ended Jan. 6, compared with 2.1% over 10 weeks to Jan. 7 in 2018, the company, […]

Bluefin tuna sells for record $3.1 million at Tokyo market

Bluefin tuna sells for record $3.1 million at Tokyo market

A bluefin tuna sold for a record $3.1 million at the first auction of the year at Tokyo‘s new fish market on Saturday, but behind the celebrations hides a worrying tale of overfishing and dwindling stocks. Kiyoshi Kimura, who owns the Sushi Zanmai restaurant chain, paid 333.6 million yen for the 613-lb fish at the first auction of the year, […]

Dow Jones Jumps Over 800 Points

By David Hodari and Corrie Driebusch *US Stock-Gains Accelerate in Afternoon Trading *DJIA Now Up 820 Points (3.6%) *S&P 500 Climbs 3.6%; Nasdaq Composite Rises 4.4% (Article below will update) U.S. stocks rose sharply Friday, bouncing back from their worst two-day start to a year since 2000, after a strong jobs report and signs that the Federal Reserve will be […]

Apple’s sales forecast spooks stocks in Asia & Europe

Apple’s sales forecast spooks stocks in Asia & Europe

Apple’s sales forecast spooks stocks in Asia & Europe European and Asian stocks mostly tumbled after US giant Apple worsened its revenues forecast, triggering more investors’ concerns on slowing global growth. US stocks indexes are also expected to have a tough trading day. Apple CEO Tim Cook revealed on Wednesday that the company expects up to a $9 billion drop […]

Looking back on a wild year for oil prices

Looking back on a wild year for oil prices

Looking back on a wild year for oil prices For the oil market, 2018 has been a roller coaster ride. Ups and downs are always expected, but the twists and turns seen this year were exceptional by any standard. In January 2018, oil prices had climbed to multi-year highs, with the supply surplus finally ebbing, after several years of a […]

A series of unfortunate events: Stocks close on worst week in 7+ years

A series of unfortunate events: Stocks close on worst week in 7+ years

A series of unfortunate events: Stocks close on worst week in 7+ years The US stock market has finished a week-long downward spiral that has many investors fearing a recession is on the way. Barring a Christmas miracle, this could be the worst December the market has had since the Great Depression. The Nasdaq led Friday’s plunge, dropping three percent […]

Stocks plunge again as slowdown fears worsen; Dow sinks another 464 points

Stocks plunge again as slowdown fears worsen; Dow sinks another 464 points

Stocks went into another slide Thursday in what is shaping up as the worst December on Wall Street since the depths of the Great Depression, with prices dragged down by rising fears of a recession somewhere on the horizon. The Dow Jones Industrial Average dropped 464 points, bringing its losses to more than 1,700 since last Friday. The broader S&P […]