Business

Stocks, oil prices plunge on recession fears

(AFP) — Equities and oil prices tumbled Wednesday after a brief respite from last week’s painful rout across world markets, with recession fears building as central banks hike interest rates to combat decades-high inflation. While Asia, Wall Street and Europe…

US stocks fall as Amazon, Intel plunge

(AFP) — Wall Street stocks declined early Friday following mixed US data that highlighted strong consumer spending and elevated inflation, while Amazon sank on disappointing results. The Commerce Department reported personal consumption expenditures climbed 1.1 percent, almost twice what analysts…

US stocks rise on Tesla results, airline optimism

(AFP) — Wall Street stocks rose early Thursday as blowout earnings from Tesla and optimistic forecasts from airlines lifted sentiment after disappointing company reports earlier in the week. Tesla surged more than 10 percent as it reported a record $3.3…

Netflix shares plunge as subscribers drop

By Glenn ChapmanAgence France-Presse (AFP) — Netflix shares lost a quarter of their value Tuesday after the company revealed its ranks of subscribers shrank in the first quarter of this year. It was the first time in a decade that…