Word: pullbacks
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...September at $37.80 per bbl., oil prices have tumbled to below $25. This breather from high energy costs is going to be short-lived. In the past two years, members of the cartel have stuck close to their output quotas, which they demonstrated in last week's announced production pullback. That will bring crude prices above $25 per bbl. again. Should crude top $30 for a prolonged period, it will further eviscerate U.S. corporate profits and have a deeply corrosive effect on the entire U.S. economy...
...ensuing busts included a fake-out rally of at least 30% and lasted at least two years before fully washing out, says Barton Biggs, chief global strategist at Morgan Stanley. "This kind of bounce is what you expect," he adds. You also expect it won't last. The pullback, when it comes, will be severe if accompanied by news that suggests the economy won't rebound this year...
...speed. There's also a market factor: Because of fierce competition at the street level, the Exxons and Shells of the world tend to raise prices as slowly as they can in times of scarcity - and then make up the lost profits by lagging their decreases behind market pullback...
...telecom firms are in serious distress. Last week, just one day after celebrating its listing on the New York Stock Exchange, German electronics giant Siemens announced it would not meet its earlier sales and earnings targets. The firm's Infineon Technologies semiconductor unit was a victim of a global pullback in technology spending, which has sent memory chip prices plummeting. Sweden's Ericsson, owned directly or indirectly by half of that country's population, has announced that it will lose as much as $510 million in the first quarter instead of breaking even as expected, in large part because...
...wealth on every jaunty entrepreneur with the gleam of an idea but not a clue about earnings. In the past, the stock market would rarely show its checkbook to a start-up sans profits. And now that Wall Street has been burned, the fear is that the current stock pullback could leave even companies with real potential starved for cash--thereby stifling innovation...