Analysis: Investors gauge US stocks rebound: ‘suckers’ rally’ or market bottom?

NEW YORK, July 27 (Reuters) – As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of a weeks-long US stock market rally that followed a vicious first-half selloff. Even after Tuesday’s sharp fall, the S&P 500 remained up 7% from its June 16 low, buoyed in part by … Read more

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

July 28 (Reuters) – Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. The Silicon Valley giant’s shares rose 2.6% after hours following the release of the results. Apple said … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartphone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

Analysis: Investors gauge US stocks rebound: ‘suckers’ rally’ or market bottom?

A Wall Street sign outside the New York Stock Exchange in New York City, New York, US, October 2, 2020. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 27 (Reuters) – As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of … Read more

Soup kitchens feed Sri Lanka’s poor amid bleak economic crisis

COLOMBO, July 27 (Reuters) – With no fuel and no money for food, HG Indrani and her family of nine trudged for an hour to a community kitchen in Colombo, in hopes of finding a simple vegetarian meal. Rampant food inflation and chronic shortages of cooking gas and petrol are making daily life a battle … Read more

Luxury group LVMH beats expectations despite China’s drag on sales

A logo of LVMH is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register PARIS, July 26 (Reuters) – Luxury goods group LVMH (LVMH.PA) is optimistic … Read more

Snap shares plunge 25% as economy, fierce competition slow revenue growth

July 21 (Reuters) – Snap Inc (SNAP.N) on Thursday painted a grim picture of the effects of a weakening economy on social media and declined to make a forecast in “incredibly challenging” conditions, sending its shares down 25% and setting off a chain reaction of stocks among rivals. read more The Snapchat owner said some … Read more

Scientists find an exotic black hole deemed a ‘needle in a haystack’

An artist’s impression showing what the binary star system VFTS 243 – containing a black hole and a large luminous star orbiting each other – might look like if we were observing it up close is seen in this undated handout image. The system, which is located in the Tarantula Nebula in the Large Magellanic … Read more

TikTok maker ByteDance takes aim at lifestyle leader Xiaohongshu with a new app

The logo of TikTok’s parent company ByteDance is seen at its booth during an organized media tour to the Zhongguancun National Innovation Demonstration Zone Exhibition Center in Beijing, China, Feb. 10, 2022. REUTERS/Florence Lo Register now for FREE unlimited access to Reuters.com Register BEIJING, July 14 (Reuters) – TikTok’s Chinese owner ByteDance is looking for … Read more

Analysis: Volatile US markets boost appeal of dividend stocks

NEW YORK, July 12 (Reuters) – Investors are giving the shares of dividend-paying companies a second look as they seek to buttress their portfolios against surging inflation and sharp declines in asset prices. Often overlooked in favor of trendy growth names prior to the recent spike in consumer prices, the appeal of dividend payers has … Read more