© Reuters. FILE PHOTO: Logo of an Apple store is in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts/File Photo/File Photo (Reuters) – Apple Inc (NASDAQ:) shares fell 4% in premarket trading on Wednesday and piled pressure on other growth stocks following a report that the tech giant was dropping its plans to boost production of the latest model of its...

Athletic footwear, clothes, and accessory maker Nike, Inc. (NYSE:NKE) is set to release its first quarter Fiscal 2023 results on September 29, after the market closes. The Street expects Nike to post diluted earnings of $0.92 per share in Q1, significantly lower than its comparative prior year period’s figure of $1.16 per share. Meanwhile, revenue is pegged at $12.29 billion, almost...

2/2 © Reuters. An Alzheimer’s patient rests on a bench after a walk at the Village Landais Alzheimer site in Dax, France, September 24, 2020. Picture taken on September 24, 2020. REUTERS/Gonzalo Fuentes/File Photo 2/2 By Deena Beasley and Julie Steenhuysen (Reuters) -Eisai Co Ltd and Biogen Inc (NASDAQ:) on Tuesday said their experimental Alzheimer’s drug significantly slowed cognitive and...

The U.S. housing market is locked in a paradox of sorts. Homebuilders have too many unsold properties in hand now, but the U.S. is still suffering from a housing shortage. The only apparent way to bring an equilibrium is for homebuilders to turn inconveniences into opportunities during downturns. If this narrative is anything to go by, two stocks that will...

© Reuters. FILE PHOTO: A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman/ By Lucy Raitano and Andres Gonzalez LONDON (Reuters) – Porsche’s landmark listing is defying market turmoil giving a welcome boost to a battered pipeline of share sales but the deal is...

Procter & Gamble (NYSE: PG) stock price gained almost 50% from around $92 at 2018 end to $135 currently, primarily due to favorable changes in its revenues and P/S multiple. Additionally, the company witnessed a steady rise in its revenue per share, helped by a drop in the outstanding share count. The stock’s gains have helped PG outperform the S&P,...

© Reuters. FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration By Sarah Wu TAIPEI (Reuters) – Taiwan’s ASE Technology Holding Co (NYSE:) Ltd, one of the world’s largest semiconductor testing and packaging firms, said on Wednesday that it would build a more advanced smart factory,...

Such has been the force of the cumulative headwinds in 2022 that trying to make headway in this year’s downtrending market has been a struggle for most. A slowing economy, decades-high inflation and the accompanying rate hikes in the attempt to tame it, not to mention Russia’s invasion of Ukraine and the impact on energy prices have all played their...

© Reuters. FILE PHOTO: Isao Teshirogi, President and CEO at Shionogi & Co Ltd, speaks during an interview with Reuters in Tokyo, Japan June 11, 2019. REUTERS/Issei Kato TOKYO (Reuters) – Japan’s Shionogi & Co Ltd said on Wednesday its oral treatment for COVID-19 demonstrated a significant reduction in symptoms compared to a placebo in a Phase III trial in...