European stocks weaken after U.S. downgrade; risk sentiment hit hard
European stock markets traded lower Wednesday, with risk sentiment hit by the surprise downgrade to the U.S.’s top-tier sovereign rating…
S&P 500, Nasdaq fall after mixed pharma earnings, economic data
(Reuters) – The S&P 500 and Nasdaq fell on Tuesday as investors assessed mixed earnings from pharma heavyweights and digested…
Apple iPhone sell-through down 1% in June quarter – UBS
Apple’s (NASDAQ:AAPL) iPhone sell-through in the June quarter was down 1%, partially offset by 7% growth in China, UBS analysts…
Marriott raises annual profit on rebounding demand in China
(Reuters) – Marriott International Inc raised its full-year profit forecast on Tuesday, as the U.S. hotel operator bets on higher…
Norwegian Cruise forecasts downbeat profit as higher costs hit; shares plunge
(Reuters) – Norwegian Cruise Line on Tuesday forecast downbeat third-quarter profit after a strong second quarter, as elevated costs offset…
HSBC rides rising rates to double its income, launches $2 billion share buyback
(Reuters) – HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as…
Pfizer considers cost cuts as demand for COVID products wanes
(Reuters) – Pfizer will launch a cost-cutting program if demand for its COVID-19 products keeps underperforming expectations this fall, the…
Ford revs up electric truck output, testing mainstream EV demand
(Reuters) – Ford said Tuesday it has restarted assembly of its F-150 Lightning electric truck and is now driving to…
Oppenheimer says take advantage of Target dips
Oppenheimer analysts told investors in a note previewing Target ‘s (NYSE:TGT) upcoming earnings that the firm is positive on the…
Marathon Petroleum quarterly profit slumps 63% on lower refining margins
(Reuters) – U.S. refiner Marathon Petroleum Corp (NYSE:MPC) reported a 63% drop in second-quarter profit on Tuesday, as improved fuel…