lost

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones Industrial Average DJIA, -0.45% was down 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark S&P …

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%. Read More »

Howard Schultz vows Starbucks rebound after coffee chain ‘lost its way’

Howard Schultz vows Starbucks rebound after coffee chain ‘lost its way’

Starbucks will spend another $450mn to overhaul its coffee machines and stores as it seeks to accelerate its growth, catch up with changing consumer tastes and repair relations with restive baristas. The company had “lost its way” in recent years, said Howard Schultz, the founder who returned as interim chief executive in April. But, he …

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Meta is one of today's worst S&P 500 performers, but these 5 other stocks have lost $387 billion in value

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 1,276 points (or 3.9%) to 31,104, with all 30 …

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout Read More »

Meta is one of today's worst S&P 500 performers, but these 5 other stocks have lost $387 billion in value

Meta is one of today’s worst S&P 500 performers, but these 5 other stocks have lost $387 billion in value

A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average DJIA down 887 points (or 2.7%) to 31,494, with all 30 components …

Meta is one of today’s worst S&P 500 performers, but these 5 other stocks have lost $387 billion in value Read More »

What’s lost when a family-owned diner closes for good?

It was a hot Sunday morning in June, a typical summer’s day for St George, Utah. The sun beamed through the east-facing cathedral windows of DeDe’s, the beloved restaurant that has served Washington county residents for the past decade. Link Feesago leaned back in his seat with a satisfied sigh, having just finished a plate …

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Bay Area cities lost power due to miscommunication, say state regulators

Bay Area cities lost power due to miscommunication, say state regulators

PALO ALTO — Despite sweltering temperatures testing the capacity of the state’s electrical grid, California largely avoided rolling blackouts Tuesday just in time for cooler weather. So why did several thousand people in Palo Alto, Alameda and Healdsburg lose power? Those Northern California cities and others appear to have initiated rolling blackouts in error following …

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Ford World Headquarters in Dearborn, Michigan.

Ford salaried workers who lost jobs now review severance offers

Ford salaried employees, who were shocked when they were let go this week, are reviewing severance packages that could offer up to nine months of pay for longtime workers. David Kudla, CEO of Mainstay Capital Management in Troy, said he has seen severance packages from clients who are salaried workers at Ford that include nine …

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Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection

Voyager customer lost $1 million saved over 24 years and is one of many now desperate to recoup funds

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a customer named Magnolia was the …

Voyager customer lost $1 million saved over 24 years and is one of many now desperate to recoup funds Read More »