Latest in Industry Slump
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Jim Cramer wants to buy more shares of 2 portfolio companies with favorable catalysts
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.Business - CNBC - October 28 -
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter salesBusiness - MarketWatch - October 16 -
Stellantis Car Deliveries Slump on U.S. Woes
Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.Business - The Wall Street Journal - October 16 -
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European Union’s car market slumps further in September
New car registrations dropped by 6.1% in September driven by lower sales in Europe’s top three markets, France, Italy and GermanyBusiness - MarketWatch - October 22 -
Starbucks Suspends Guidance as Sales Slump Persists
The coffee chain needs to “fundamentally change” strategy, the new CEO, Brian Niccol, said. Shares fell in premarket trading.Business - The Wall Street Journal - October 23 -
Durable-goods orders retreat due to Boeing. Manufacturing slump goes on.
Orders at U.S. factories fell almost 1% in September — mostly due to fewer aircraft bookings — and showed little sign of a rebound in a slump-ridden manufacturing industry.Business - MarketWatch - October 25 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - 6 days ago -
Carbon removal industry calls on U.S. government for regulation in new industry report
The nascent industry for removing carbon dioxide directly from the air is calling on the U.S. government to adopt standards and regulations to boost confidence in the businessTech - ABC News - October 23 -
Is China cannibalising the EU car industry?
Troubles at VW point to growing doubts about future of Europe-wide sector as imports of cheap EVs rise. For decades Germany has enjoyed a reputation as Europe’s car capital, with slogans such as ...World - The Guardian - October 20 -
The water industry is in crisis. Can it be fixed?
Simon Jack asks what reform of the troubled sector could mean for customers and their bills.Top stories - BBC News - October 25 -
Oil prices lose 2% after China offers little detail on stimulus plans
Oil futures ended lower Monday to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to ...Business - MarketWatch - October 14 -
Aaron Judge’s Playoff Slump Is Over. Now He Needs to Carry the Yankees.
Judge’s home run in Game 2 let the Yankees exhale, for so many reasons.Sports - The New York Times - October 16 -
ASML says chip-market slump will mainly impact sales to China
A day after a profit warning that rocked the stock market, executives at ASML Holding said the slower-than-expected recovery in the microchip market will have the sharpest impact on sales to China ...Business - MarketWatch - October 16 -
Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges
Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...Business - MarketWatch - October 17 -
Schlumberger’s stock slumps as falling oil prices turn customers cautious
Schlumberger’s stock slumps after revenue misses expectations amid “cautious spending” by some international customers as oil prices fell.Business - MarketWatch - October 18 -
Starbucks boss shakes up menu to win back customers
The coffee shop chain has also promised to look at pricing and staffing to prevent bottlenecksTop stories - BBC News - October 23 -
Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.Business - CNBC - October 23 -
Mercedes-Benz Earnings Slump on Tough Economic Backdrop, Fierce Competition
The luxury-car maker’s net profit halved in the third quarter and it said profitability in its main cars business was weaker due to softer pricing and lower sales of its higher-margin models.Business - The Wall Street Journal - October 25 -
Estée Lauder shares plunge as China sales slump prompts dividend cut
Beauty group’s stock drops 25% after guidance withdrawn for rest of yearBusiness - Financial Times - 5 days ago -
Trump's wealth slumps by $1.9 billion amid DJT stock plunge
Trump Media & Technology Group's stock, which trades under DJT, is plunging just days before the November 5 election.Top stories - CBS News - 5 days ago -
Three Potential Trade Targets For Slumping Avalanche Team In Need Of Depth
The Colorado Avalanche are a Jekyll-and-Hyde team — and Adam Proteau has a handful of trade options for Avs brass to consider as they try and correct the team's course.Sports - Yahoo Sports - Yesterday -
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Olive oil heartlands battle over the industry’s future
Mega farms are encroaching on a market long dominated by smallholders, as prices remain near record highsWorld - Financial Times - October 14 -
'Sorry' water boss has plan to end sewage spillages
Water UK chief apologises for the industry's performance as the sector faces a "root and branch" review.Top stories - BBC News - October 23 -
How gen AI is revolutionizing the fitness industry
CONTRIBUTOR CONTENT: Since the introduction of generative AI, many industries have undergone significant transformations. Recently, the new amp fitness machine was launched, showcasing how gen ...Tech - VentureBeat - October 23 -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - October 27 -
The Music Industry Is Hoping Halloween Can Be the New Christmas
Eyeing the big business of holiday music, a few of pop’s major players are trying to expand the market for Halloween hits.Top stories - The New York Times - October 28 -
Sean Combs Is a Chance to Remake the Music Industry
Music hasn’t had its #MeToo moment. But a transformation in how the industry works means toxic gatekeepers no longer wield the power they once did.Top stories - The New York Times - 5 days ago -
How a San Francisco Vineyard Is Changing the Wine Industry
With eight rows of vines in San Francisco and a vision of inclusivity, Christopher Renfro and Project Two Eighty are training the next generation of winemakers.Top stories - The New York Times - 4 days ago -
No, tariffs did not make American industry great
New research suggests that America’s manufacturing rise came despite high tariffs, not because of them.Business - MarketWatch - 9 hours ago -
The Guardian view on Europe’s struggling EV industry: driving in the slow lane | Editorial
Insufficient investment and the withdrawal of subsidies and incentives are damaging a sector that is vital to the green transition. Earlier this year, a French experiment offered a startling ...World - The Guardian - October 13 -
Limp Bizkit’s fraud lawsuit rattles music industry: ‘These accusations are massive’
Band alleges that Universal Music Group owes it more than $200m after concealing royalties. One of the world’s largest music companies has been accused of depriving “potentially hundreds” of ...World - The Guardian - October 13 -
U.K. Gambling Stocks Fall on Reports of New Industry Taxes
Shares in Evoke, Entain, Flutter Entertainment and Rank Group tumbled on the back of the reports, which suggest that the U.K. government is aiming to raise up to $3.9 billion from the sector.Business - The Wall Street Journal - October 14 -
BMW chief says EU combustion engine ban will shrink car industry
Oliver Zipse tells Paris motor show 2035 cutoff point for CO2-emitting cars is ‘no longer realistic’. Business live – latest updates The EU’s plans to ban the manufacture of traditional ...World - The Guardian - October 15 -
Chip industry faces talent shortage as revenues head to $1 trillion | Deloitte
Deloitte says the chip industry will hit $1T in 2030, but a huge talent shortage looms across the entire world.Tech - VentureBeat - October 15 -
Innovators to watch: Brands aiming to disrupt their industries with new approaches
CONTRIBUTOR CONTENT: Change is inevitable; instead of resisting it, some companies are embracing it by stepping up with fresh ideas that make a real difference in our everyday lives. These ...Tech - VentureBeat - October 14
