Coca-Cola sales volumes plunge as coronavirus guzzles demand

Coca-Cola’s sales volumes have plunged 25 percent this month as the coronavirus crisis sucks up commercial demand for soft drinks, the company said Tuesday. Almost all of that global decline has come from places such as restaurants, bars and movie theaters, which have been closed across the world to contain the bug, the beverage maker said as it reported its […]

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Goldman Sachs profits plunge amid 1MDB corruption scandal

Goldman Sachs watched profits plummet in the fourth quarter as it prepared to pay out billions punished for its role in the 1MDB scandal. The Wall Street giant announced Wednesday morning that it set aside $1.24 billion last year as it tries to settle with both US and Malaysian authorities in what could require a guilty plea for its role […]

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Equities plunge amid global sell-off over West Asia fears

HDFC, RIL and SBI among key losers in Sensex pack; rupee drops 13 paise Indian equities lost heavy ground on Monday amid a global sell-off as investors turned jittery due to increasing geopolitical tension in the West Asia region which threatens to push up international price of crude, of which India is one of the biggest importers globally. The 30-share […]

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Mortgage rates plunge, here's how far

Owning a home still the American dream? Rogers Healy & Assoc. Real Estate owner Rogers Healy on the state of the housing market. Mortgage rates tumbled to a multi-year low, as concerns about economic growth persisted among investors. Continue Reading Below The 30-year fixed-rate mortgage fell to 3.6 percent, its lowest level since November 2016, according to Freddie Mac. “There […]

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Quiz shares plunge after fresh profit warning

Shares in fashion retailer Quiz have collapsed by 50% after it issued a second warning on profits this year amid an “uncertain consumer spending backdrop”. The company – which is promoted by stars of reality TV show The Only Way Is Essex – said like-for-like sales across its 71 UK stores and 169 concessions had slumped by 11.1% in the […]

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Stocks plunge more than 500 points on weak Apple sales, China worries

Market volatility continues into 2019 Moody’s chief economist John Lonski on the recent market volatility and the Federal Reserve’s interest rate hikes. U.S. stocks plunged Thursday, with the Dow Jones Industrial Average dropping more than 500 points after tech giant Apple said its quarterly revenue for the crucial holiday sales season would be lower than anticipated. Continue Reading Below Apple CEO […]

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US stocks plunge, record gains cut in half

The wild market swings due to high-frequency trading? Former SEC attorney Teresa Goody on mounting concerns over the market impact from computerized trading. U.S. stocks plummeted Thursday, with the blue-chip Dow Jones Industrial Average dropping in mid-afternoon more than 500 points to cut the previous session's gains in half. Continue Reading Below The decline in equities Thursday was broad based, […]

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