Latest in Plunge Week Wipes
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Super Micro's 45% plunge this week wipes out stock's gains for the year
Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.Business - CNBC - 4 hours ago -
ASML share plunge wipes over $50 billion off Dutch chip giant's value
ASML published its third-quarter earnings Tuesday, a day earlier than expected.Business - CNBC - October 16 -
Kentucky lawmaker dies weeks after plunging into an empty swimming pool on a mower
Kentucky state Sen. Johnnie Turner has died weeks after being injured when the lawn mower he was riding plunged into an empty swimming pool at his homeTop stories - ABC News - October 23 -
Kentucky state senator dies weeks after plunging into an empty swimming pool on a mower
Kentucky state Sen. Johnnie Turner has died after being injured at home last month when he plunged into an empty swimming pool while aboard a lawn mower. He was 76.Top stories - NBC News - October 24 -
FirstFT: Japan plunges into political chaos
Also in today’s newsletter, oil price falls and Franklin Templeton hit by record outflowsWorld - Financial Times - 4 days ago -
Lebanon: 'Whole neighbourhood wiped out' in Israel air strike
Fouad Hassan, who lost family in the attack on south Beirut’s Jnah neighbourhood, describes how buildings were brought down on residents with no warning.Top stories - BBC News - October 24 -
Tech stock sell-off wipes out Wall Street’s October gains
Disappointing earnings from Microsoft help put US equities on track for biggest one-day drop since early SeptemberWorld - Financial Times - Yesterday -
Their fireworks lit up Delhi at Diwali for decades. Pollution wiped them out.
Efforts by Indian officials to combat air pollution in New Delhi have upended the livelihoods of family-run businesses that produced fireworks for generations.Top stories - NBC News - 15 hours ago -
Mortgage rates surge, putting a damper on home buying and refinancing
Mortgage applications fell 17% in the past week, the Mortgage Bankers Association said.Business - MarketWatch - October 16 -
Cuba plunged into crisis by prolonged power blackouts
President warns against ‘vandalism’ after fuel shortages exacerbate economic strugglesBusiness - Financial Times - October 21 -
Kering warns on profit as Gucci sales plunge
French luxury group grapples with turnaround at its biggest brand as demand dips in AsiaBusiness - Financial Times - October 24 -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - 5 days ago -
Japan’s PM vows to stay on after election debacle
Shigeru Ishiba has presided over a result that threatens to plunge country’s politics into paralysisBusiness - Financial Times - 4 days ago -
Wise chief executive fined £350,000 over ‘tax issues’
UK financial regulator says Kristo Käärmann breached conduct rules but clears him to continue in his jobBusiness - Financial Times - 4 days ago -
From intern to CEO: does it pay to be a company lifer?
Executives who spend their career at one place can boost morale and loyalty but risk stifling innovationBusiness - Financial Times - 4 days ago -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - 2 days ago -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - 2 days ago -
EstéeLauder Shares Plunge 21% After It Slashes Dividend
The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.Business - The Wall Street Journal - Yesterday -
Texas apologizes to Georgia players, staff, SEC and game officials after fans throw trash on field
Texas has apologized after fans littered the field with water bottles and other trash after an interception for the top-ranked Longhorns against No. 5 Georgia was initially wiped out by a ...Sports - ABC News - October 20 -
Dominant Anthony Davis helps Lakers wipe out 22-point deficit to defeat Suns
Anthony Davis again dominated inside for 36 points, Austin Reaves makes five of seven from deep to score 26, and LeBron James had 21 points and eight assists in the Lakers' 123-116 win.Sports - Yahoo Sports - 6 days ago -
How to prevent one wrong trade from wiping out your investment account
Successful trading isn’t about finding the perfect system. It’s more about knowing yourself, says Shay Huang, a.k.a. ‘Humbled Trader.’Business - MarketWatch - 4 days ago -
UK savings plans overhauled with planned pension tax changes
Advisers race to rethink approach after Rachel Reeves pledges to bring retirement pots under inheritance levy regimeBusiness - Financial Times - Yesterday -
OpenAI brings online search to ChatGPT
Move takes aim at rivals including Google and PerplexityBusiness - Financial Times - Yesterday -
Parents to be hit by ‘nanny tax’ after national insurance changes
Families affected will be worse off by more than £1,000 a yearBusiness - Financial Times - Yesterday -
Jets rookie Malachi Corley drops ball before crossing goal line, wiping out his 1st career TD
Malachi Corley is on a list of players who cost themselves TDs with a bad mistake.Sports - Yahoo Sports - 23 hours ago -
Trump Media shares fall nearly 10% after DJT plunge triggers trading halt
Trading in Trump Media shares was briefly halted due to volatility, after the Truth Social owner's stock suddenly plunged in price.Business - CNBC - October 15 -
Eric Adams’s Campaign Donations Plunge After Federal Indictment
Donations to the New York City mayor’s re-election campaign ceased after a five-count federal corruption indictment against him was unsealed last month.Top stories - The New York Times - October 15 -
Trump Media's stock is halted after sudden plunge in DJT shares
Trading in Trump Media, owner of Truth Social, was halted briefly on Tuesday after the stock suddenly plunged.Top stories - CBS News - October 15 -
What to know about the electrical grid failure that plunged Cuba into darkness
A few things to know after millions of people in Cuba were left without electricity for two days when the nation's electrical grid collapsedWorld - ABC News - October 20 -
FirstFT: Shares in McDonald’s plunge on links to E. coli outbreak
Also in today’s newsletter, Israel claims Nasrallah’s heir killed and Starbucks scraps financial guidanceWorld - Financial Times - October 23 -
Lawmaker dies after plunging into swimming pool on lawn mower
Kentucky state Sen. Johnnie Turner was known for his staunch support for the coal industry and other causes in his Appalachian district.Top stories - CBS News - October 24 -
Kentucky lawmaker dies after lawnmower plunges into swimming pool
Kentucky state Sen. Johnnie Turner (R) died Tuesday from injuries he suffered after being thrown into an empty swimming pool while riding his lawnmower just over a month ago. Turner, 76, formerly ...Politics - The Hill - October 24 -
Chapel Down shares plunge after winemaker pulls back on sale plans
England’s largest producer says it will remain independent and also downgrades sales guidanceWorld - Financial Times - October 25 -
Remy Cointreau Warns of Sales Plunge as U.S., China Woes Persist
The maker of Remy Martin and Cointreau ditched its forecast of a gradual organic sales recovery over the course of the year to March 2025 and projected, instead, a decline in the double-digit ...Business - The Wall Street Journal - October 25 -
China's industrial profits plunge at fastest pace since the pandemic
The country's industrial profits declined 27.1% year-on-year in September.Business - CNBC - 4 days ago -
Japan plunged into political turmoil after voters punish ruling LDP
Coalition led by Prime Minister Shigeru Ishiba’s Liberal Democratic party loses parliamentary majorityBusiness - Financial Times - 4 days ago -
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Business - CNBC - 2 days ago -
Lilly’s Mounjaro, Zepbound drugs see strong demand. So why did sales disappoint?
Eli Lilly’s stock heads for biggest selloff in more than three years after sales of anti-obesity drugs Mounjaro and Zepbound came up well short of forecasts.Business - MarketWatch - 2 days ago