Tag Archives: drop;

Bank of America Reports Earnings Drop in Q1, Stock Dips

Bank of America has announced its first-quarter results and the outcome is not very positive. The multinational banking corporation has reported a 13 percent decline in first-quarter profit. On a positive note though loan growth and expense cuts have prompted investors to be hopeful about the future. “It wasn’t a great quarter, but it was a normal quarter,” Nancy Bush, ... Read More »

Famed Investor Predicts Historic Market Drop

The market may be due for a harsh correction. That’s the view of John Hussman, president of the mutual fund Hussman Investment Trust, seasoned investor, and Stanford University economics PhD. Hussman says you can expect the S&P 500 to return no more than 1% on average over the next decade. Sooner than that, he predicts, the stock market may plunge ... Read More »

Is timing right for stocks to suffer a 5% drop?

See what could jeopardize the second-longest bull market in Wall Street history. USA TODAY NETWORK A stock market pullback, or a drop of 5% or more, to be more precise. At least that’s what Wall Street skeptics keep saying as stocks take a breather. It’s hard to call Monday’s 0.33% slide for the Standard & Poor’s 500, which pushed the ... Read More »

FTSE poised for biggest drop since June

UK shares fell at the open, set for their biggest drop since June 27 as stocks and bonds were sold off across the world on nervousness about central bank policies. Equities dropped as bond yields rose in the U.S. and Asia on the back of a possible September U.S. rate hike and questions about whether central banks had reached the ... Read More »

VW faces Allianz suit over share drop; jobs under threat after scandal

German insurer Allianz (ALVG.DE) plans to sue Volkswagen (VOWG_p.DE) over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit would add to financial pressures on Volkswagen that its chief executive said on Tuesday would be “substantial and painful”. At the same time, ... Read More »