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Nestle Shares Plunge Most Since Dot-Com Bust As Weak Volume Shatters High Hopes Of Turnaround
Nestle Shares Plunge Most Since Dot-Com Bust As Weak Volume Shatters High Hopes Of Turnaround
Nestlé shares in Switzerland tumbled the most in 24 years after North American sales volumes unexpectedly contracted, undercutting investor confidence in CEO Philipp Navratil's turnaround efforts.
Organic sales rose a better-than-expected 3.7% in the second quarter, but real internal growth in North America fell 0.6%, while an infant formula recall and the Gulf conflict weighed on operations.
"Given the rally, we don't think the real internal growth print is quite good enough and expect some profit taking,"...
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Oct 2, 2026 / Tyler Durden
Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife
Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife
Nike shares are down nearly 10% in pre-market trading in New York after the struggling athletic footwear and apparel company warned its sales slump will deepen and unveiled a restructuring that will eliminate jobs.
As of Thursday's close, year-to-date performance had been absolutely abysmal, with shares down 45%. The extended decline could now put the stock on track for its worst annual loss on record.
The decline follows the sportswear giant's earnings release after hours on Thursday, when it...
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May 1, 2026 / Tyler Durden
"We Shouldn't Have To Live Like This": UK Terror Level Raised To 'Severe' After Stabbing Attacks
"We Shouldn't Have To Live Like This": UK Terror Level Raised To 'Severe' After Stabbing Attacks
Britain's terrorism threat level was raised from “substantial” to “severe” on Thursday afternoon after a 45-year-old British national, reportedly born in Somalia, stabbed two Jewish men in North London. The elevation in the terrorism threat level suggests another terror attack is highly likely within the next six months, as Britain's experiment with mass migration is backfiring.
The suspect is 45-year-old Essa Suleiman from south-east London, the BBC understands. He came to the UK from...
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Oct 1, 2026 / Jason Ditz
New IDF Website Frames Slain Gaza Journalists as Terrorists
Since October 2023, no nation’s military has killed nearly as many journalists as Israel, a fact that often opens them up to considerable criticism. The IDF, aims to quell those concerns with a new round of official narrative that portrays nearly all the journalists they’ve killed as secretly terrorists. The narrative includes a new webpage […]
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