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Keyword: plunge

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  • "It's Probably Nothing": Truck Orders Plunge 37% As Unsold Inventories Soar Most Since 2007

    04/07/2016 10:02:43 PM PDT · by Nachum · 40 replies
    zero hedge ^ | 4/7/16 | tyler durden
      When we last looked at order of heavy, or Class 8, truck one quarter ago - that all-important, forward looking barometer of domestic trade - we said that even with 2015 in the history books, and as we start 2016 where the base effect was supposed to make the annual comps far more palatable, the latest, January data, as abysmal: "the drop continues to be one of Great Recession proportions, manifesting in yet another massive 48% collapse in truck orders in the first month of the year as demand appears to have gone in a state of deep hibernation."Fast...
  • Apple Watch may not be ticking with customers (APPLE Watch Sales Plunge 90%)

    07/07/2015 8:25:40 AM PDT · by Enlightened1 · 73 replies
    Market Watch ^ | 07/07/15 | Brett Arends
    Sales of the new Apple Watch have plunged by 90% since the opening week, according to a new market research report. Apple AAPL, -1.27% has been selling fewer than 20,000 watches a day in the U.S. since the initial surge in April, and on some days fewer than 10,000, according to data from Slice Intelligence, a Palo Alto, Calif.-based market research company. That is a sharp decline from week of the April 10 launch, when Apple sold about 1.5 million watches, or an average of about 200,000 a day, Slice estimates. Furthermore, two-thirds of the watches sold so far have...
  • Gas price plunge threatens fuel-cell and electric cars

    12/25/2014 12:23:13 PM PST · by NormsRevenge · 73 replies
    SFGate.com ^ | 12/25/14 | David R. Baker
    ehicles, as did concern about global warming. But now gasoline prices have plunged to their lowest level since the Great Recession, averaging $2.50 nationwide for a gallon of regular. If gas prices stay low — granted, a very big “if” — one of the most powerful arguments for alternative fuel cars will be wiped out. “You have an early-adopter group that’s much more interested in these vehicles as a way of doing something 'green,’ and the cost of fuel is not going to be a big factor for them,” said John O’Dell, a senior editor at the Edmunds.com auto information...
  • Comet Makes Suicidal Plunge Into Sun (Video)

    08/21/2013 12:33:23 PM PDT · by LibWhacker · 26 replies
    Space.com ^ | 8/20/13 | Mike Wall
    A small comet dove headlong toward the sun this week in a cosmic death-dive captured on camera by a spacecraft — an opening act of sorts for the highly anticipated close solar approach of another comet, Comet ISON, in a few months' time. The minuscule and apparently nameless comet was captured barreling toward our star Monday (Aug. 19) by the Solar and Heliospheric Observatory (SOHO) spacecraft operated by NASA and the European Space Agency. Scientists created of video of the comet's dive toward the sun using the SOHO images. The little comet failed to emerge on the other side of...
  • Minus Palin, Convention’s TV Ratings Plunge

    Viewership for the Republican National Convention plunged sharply on its second night compared with the same evening of 2008, when Sarah Palin made her debut as the vice presidential nominee. An average of 21.9 million viewers tuned into the nine broadcast and cable networks that were broadcasting convention proceedings Wednesday night between 10 p.m. and 11 p.m., according to Nielsen. That was 41% less than the 37.2 million who tuned in the same night four years ago, the research firm said.
  • Stocks plunge after Fed announces stimulus steps

    09/21/2011 2:46:24 PM PDT · by NormsRevenge · 32 replies
    Yahoo ^ | 9/21/11 | Chip Cutter and Francesca Levy - AP
    NEW YORK (AP) — The Federal Reserve did what investors expected — it said it would buy Treasury bonds to help the economy. Stocks then plunged because investors saw a grim forecast behind the Fed's plans. The Fed said Wednesday it would buy long-term Treasurys and sell short-term ones to help the economy regain momentum. It surprised investors when it said it would include more 30-year bonds in its purchases than expected. Financial analysts said stocks dropped as investors came to the conclusion that the Fed expects the economy to take years to recover. "It's being viewed as perhaps an...
  • Gold prices plunge as economic fears ease, for now

    08/24/2011 1:15:58 PM PDT · by NormsRevenge · 21 replies
    Yahoo ^ | 8/24/11 | Associated Press
    Gold prices are plunging as investors grow more confident about the global economy. Gold fell $104, or 5.6 percent, to settle at $1,757 an ounce Wednesday. It's the steepest percentage drop since March 2008. Gold is still is up 24 percent for the year. Investors have been buying gold because of concerns about economic weakness in the United States and Europe .. Recent economic news has been more encouraging...
  • South Korea Shares Pounded By Morning Selling; Kospi Falls 9.9%

    08/08/2011 8:58:56 PM PDT · by TigerLikesRooster · 16 replies · 1+ views
    WSJ ^ | 08/08/11
    South Korea Shares Pounded By Morning Selling; Kospi Falls 9.9% SEOUL (Dow Jones)--South Korean shares were hammered by waves of selling Tuesday morning, driving the main Kospi stock index down as much as 9.9% and prompting the market operator to briefly suspend program trading. Selling dragged down most of the market, with banks and brokerages particularly hard hit. A surge of sell orders from foreign investors was the main driving force behind the selloff. At 0250 GMT the Kospi was down 8.4%. The market is in "panic" and "making any kind of comment would be meaningless...people are throwing stocks away...
  • S&P 500, Nasdaq, (and DOW) fall more than 4 percent

    08/04/2011 11:54:58 AM PDT · by NormsRevenge · 141 replies
    Reuters ^ | 8/4/11 | Caroline Valetkevitch
    NEW YORK (Reuters) - Investors fled stocks on Thursday, putting the S&P 500 into correction territory, as worries about the U.S. economy and European debt escalated. All three indexes were down 2 percent, having fallen more than 3 percent each at one point. Decliners beat advancers on the New York Stock Exchange by 14 to 1. "People are throwing in the towel because they can't find relief on any front. There are a lot of worries about the economy," said Milton Ezrati, market strategist at Lord Abbett Co. in Jersey City, New Jersey, which manages $110 billion in assets. The...
  • Stocks plunge on economic news, slumping oil price ('Bull(y) Market' Day? - March 10, 2011)

    03/10/2011 11:50:05 AM PST · by NormsRevenge · 14 replies
    Yahoo ^ | 3/10/11 | Francesca Levy - AP
    NEW YORK (AP) -- Weak economic news from China, the U.S. and Spain combined with a slump in oil companies sent stocks sharply lower Thursday. Investors were jarred when China reported a surprise trade deficit in February. China's exports fell as businesses closed for the weeklong Lunar New Year holiday, but imports of higher-priced oil and other goods jumped, widening the country's deficit to $7.3 billion. Meanwhile Moody's downgraded Spain's debt, re-igniting fears about the European debt crisis. The downgrade also sent the dollar higher against the euro.
  • U.S. money supply plunges at 1930s pace as Obama eyes fresh stimulus

    05/27/2010 11:21:12 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 53 replies · 1,411+ views
    telegraph.co.uk ^ | 9:40PM BST 26 May 2010 | Ambrose Evans-Pritchard
    The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history. By Ambrose Evans-Pritchard Published: 9:40PM BST 26 May 2010 Reverse side of a US twenty dollar bill matched up with the north side of the White House in Washington, DC The stock of money in the US fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6pc Photo: AFP The M3...
  • UPDATE: SEC, US Exchanges Agree On Market-Wide Circuit Breaker

    05/11/2010 5:46:11 AM PDT · by TigerLikesRooster · 6 replies · 243+ views
    WSJ ^ | 05/10/10
    * MAY 10, 2010, 6:50 P.M. ET UPDATE: SEC, US Exchanges Agree On Market-Wide Circuit Breaker (Updates with comment from the Treasury Department, CFTC Chairman Gary Gensler, and additional detail.) WASHINGTON (Dow Jones)--The U.S. Securities and Exchange Commission and the major trading exchanges agreed Monday a market-wide "circuit-breaker" system should be established to handle the type of market volatility demonstrated in Thursday's unsettling market plunge, according to people familiar with the matter. At the meeting, the exchanges each agreed to give regulators a plan for how to alter their own rules to meet a more unified standard within 24 hours,...
  • World markets plunge despite strong US jobs data

    05/07/2010 11:26:55 AM PDT · by NormsRevenge · 82 replies · 1,545+ views
    AP on Yahoo ^ | 5/7/10 | Pan Pylas - ap
    LONDON – A strong set of U.S. jobs data Friday failed to shore up confidence in world markets as stocks plunged again amid mounting fears that Europe's debt crisis could spread and derail the global economic recovery. In Britain, where investors were grappling with uncertain general election results, the FTSE 100 index slid 209.98 points, or 4 percent, at 5,051.01, while the pound oscillated wildly. Germany's DAX slid 226.05 points, or 3.8 percent, to 5,682.21 while the CAC-40 in France was 112.56 points, or 3.2 percent, lower at 3,443.55. And on Wall Street, the Dow Jones industrial average plunged 210.09...
  • Stock Selloff May Have Been Triggered by a Trader Error

    05/06/2010 1:58:32 PM PDT · by Newton · 107 replies · 4,389+ views
    cnbc ^ | 05/06/2010 | CNBC.com
    In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses in what possibly could have been a trader error. According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble [PG 60.75 -1.41 (-2.27%) ], a component in the Dow. (CNBC's Jim Cramer noted suspicious price movement in P&G stock on air during the height of the market selloff. Watch.) Sources tell CNBC the firm in question that handled the erroneous trade is Citigroup [C...
  • Goldman Sachs shares plunge as feds open criminal probe

    04/30/2010 1:30:23 PM PDT · by NormsRevenge · 6 replies · 305+ views
    AP on Mercury News ^ | 4/30/10 | Marcy Gordon - ap
    WASHINGTON (AP) — Shares of Goldman Sachs Group Inc. plunged 9 percent Friday after word that the Justice Department had opened a criminal investigation of the Wall Street powerhouse over mortgage securities deals it arranged. The criminal inquiry follows civil fraud charges filed by the government against Goldman two weeks ago and as Congress pushes toward enacting sweeping legislation aimed at preventing another near-meltdown of the financial system. The investigation by the U.S. attorney's office in Manhattan stems from a criminal referral by the Securities and Exchange Commission, a knowledgeable person said Thursday. The person spoke on condition of anonymity...
  • Big Freeze: Earth Could Plunge into Sudden Ice Age

    12/02/2009 7:29:29 PM PST · by NormsRevenge · 62 replies · 2,347+ views
    LiveScience.com ^ | 12/2/09 | Charles Q. Choi
    In the film, "The Day After Tomorrow," the world gets gripped in ice within the span of just a few weeks. Now research now suggests an eerily similar event might indeed have occurred in the past. Looking ahead to the future, there is no reason why such a freeze shouldn't happen again - and in ironic fashion it could be precipitated if ongoing changes in climate force the Greenland ice sheet to suddenly melt, scientists say. Starting roughly 12,800 years ago, the Northern Hemisphere was gripped by a chill that lasted some 1,300 years. Known by scientists as the Younger...
  • Wall Street fear gauge jumps to July levels (+24% in a single day)

    10/30/2009 6:52:52 PM PDT · by TigerLikesRooster · 16 replies · 841+ views
    Market Watch ^ | 10/30/09 | Laura Mandaro
    Wall Street fear gauge jumps to July levels By Laura Mandaro, MarketWatch SAN FRANCISCO (MarketWatch) -- An options index known as Wall Street's fear gauge surged Friday to a nearly four-month high, as a fresh round of worries about the sustainability of recent months' rally surfaced. The CBOE's Volatility Index (INDEX:VIX) gained 24% to 30.69 by the exchange's close, its highest closing level since July 8. For the index, which uses options contracts based on the S&P 500 Index (INDEX:SPX) to measure market expectations of near-term volatility, it was the biggest percentage gain since late 2008, near the peak of...
  • Shanghai stocks skid 4.7% on a down day for Asia

    08/12/2009 4:27:35 AM PDT · by TigerLikesRooster · 12 replies · 598+ views
    MarketWatch ^ | 08/12/09 | V. Phani Kumar, Matthew Allen & Kirsty Green
    Shanghai stocks skid 4.7% on a down day for Asia By V. Phani Kumar, Matthew Allen & Kirsty Green HONG KONG (MarketWatch) -- China's benchmark stock index skidded 4.7% Wednesday on fears an expected fall in bank lending in the remainder of the year could affect liquidity, a crucial factor behind the heady rally on the mainland markets over the past few months. The drop led a generally down day for Asian stocks. Indian stocks were hurt by persistent concerns that deficient rainfall in several parts of the country would affect rural incomes and delay economic recovery. Most other markets...
  • US Stocks In Sharp, Broad-Based Decline; DJIA Down 200 Points

    06/15/2009 8:58:10 AM PDT · by TigerLikesRooster · 23 replies · 1,355+ views
    Market Watch ^ | 06/15/09 | Peter A. McKay
    Jun 15, 2009, 11:04 a.m. EST US Stocks In Sharp, Broad-Based Decline; DJIA Down 200 Points Peter A. McKay U.S. stocks and commodities suffered sharp, broad-based declines on Monday as investors unwound some of the bets that pushed blue chips into positive territory for the year-to-date last week. The Dow Jones Industrial Average came into Monday's action up almost 23 points for 2009 but recently gave back more than 200 points, trading down 2.3% at 8593.16. All 30 of its components fell. Among the big losers were Alcoa, down 6%; Boeing, down 4.4% and Wal-Mart Stores, down 2.5%. A rebound...
  • Fall in exports hits German hopes of recovery

    06/09/2009 11:17:24 PM PDT · by TigerLikesRooster · 2 replies · 319+ views
    FT ^ | 06/09/09 | Ralph Atkins
    Fall in exports hits German hopes of recovery By Ralph Atkins in Frankfurt Published: June 9 2009 12:09 | Last updated: June 10 2009 01:25 Germany’s hopes of economic recovery have been set back by unexpectedly sharp falls in exports and industrial production that underline the fragility of Europe’s largest economy. German exports in April were 4.8 per cent lower than in March, and 28.7 per cent down on a year earlier, official figures show – the steepest annual fall since records began in 1950, although officials said that April 2008 had been exceptionally buoyant.