Investors were rushing to unload stocks as May begins, given unspectacular earnings from tech giants such as Amazon, and renewed tensions between the U.S. and China.
A few factors are driving equities lower today, including share price pressure for Apple (AAPL) and Amazon (AMZN), two of the less than a dozen stocks that were responsible for powering equities higher in recent weeks
NEW YORK (Reuters Breakingviews) - A must-have gadget has become a can-probably-wait. Apple’s sales of iPhones fell 7% in the quarter ending March 28, and the fall in the following three months should be worse. That is both predictable, and self-limiting. Apple should
U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the close of the S&P 500's best month in 33 years, a remarkable run driven by expectations the economy will soon start recovering from crushing restrictions enacted to curb the coronavirus pandemic.
LONDON/MUMBAI/NEW YORK/DALLAS (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the close of the S&P 500's best month in 33 years, a remarkable run driven by expectations the economy will soon start recovering from crushing restrictions enacted to curb the coronavirus pandemic.
U.S. stocks fell on Thursday as grim economic data and mixed earnings prompted investors to take some profits at the close of Wall Street's best month in decades.
Wall Street's main indexes fell on Thursday after a strong month of gains as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla.
Berkshire Hathaway Inc's annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers.
The stock market was already weak before headlines about possible retaliation against hit the newswires. Abiomed stock is gaining, Textron is tumbling.
LG Display's (NYSE: LPL) stock plunged nearly 70% over the past five years as the display panel maker struggled with intense competition from rivals like Samsung and China's BOE. Cooling demand for smartphones and TVs exacerbated the pain and wiped out its profits, and the COVI
The Justice Department should carefully scrutinize Alphabet Inc's plan to buy Fitbit because the fitness tracker company is a source of nascent competition for Google, which is dominant in search and advertising, two public advocacy groups said on Thursday.
U.S. stocks fell on Thursday as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla.
LONDON/MUMBAI/NEW YORK/DALLAS (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock markets globally, but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq.