Apple-0.42%PostInvestors are getting a little jittery about the outlook for Apple iPhone sales.Apple generates more than half of its revenue from the smartphones, without even counting the billions of dollars brought in by the App Store and the growing suite of iPhone-based services. And right now, there are worries that the combination of Covid-related manufacturing shutdowns in China, component shortages, and signs of softening in the consumer economy are putting current Street expectations for the iPhone at risk.

US STOCKS-Wall St Jumps with Tech, Energy; Target News Weighs on RetailersReuters07:05DJIA+0.80%NASDAQ+0.94%* Target's margin cut hits some retail stocks* Kohl's climbs on sale talks with Franchise Group* Indexes: Dow up 0.8%, S&P 500 up 1%, Nasdaq up 0.9%NEW YORK, June 7 (Reuters) - U.S. stocks rallied late on Tuesday to end higher for a second straight day as technology and energy shares gained, while Target Corp's warning about excess inventory weighed on retail stocks for much of the session.Apple Inc shares climbed 1.8% despite news earlier in the day that the company must change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed to a single charging port for mobile phones, tablets and cameras.The S&P 500 technology index rose 1% and gave t

Straits Times Index-0.22%The Singapore stock market has finished lower in seven straight sessions, sinking more than 135 points or 4.4 percent along the way. The Straits Times Index now rests just beneath the 3,100-point plateau and it's predicted to open in the red again on Friday.The global forecast for the Asian markets suggests further consolidation on worldwide recession fears. The European and U.S. markets finished with deep losses and the Asian bourse are also tipped to open in the red.The STI finished slightly lower on Thursday following mixed performances from the financial shares, property stocks and industrial issues.For the day, the index slipped 8.42 points or 0.27 percent to finish at 3,097.43 after trading between 3,094.57 and 3,150.11. Volume was 1.74 billion shares worth 1

Apple+0.23%PostApple is one of the world's best-known companies. But one of the characteristics it is least known for is its dividend payment. The company is relatively new to the dividend-paying list of stocks and is far from reaching Dividend King status. The tech giant resumed paying a dividend in 2012 after a 17-year pause.Still, Apple could be an excellent dividend stock for investors who buy it today. Let's look at its capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock.

Helbiz, Inc. (Nasdaq: HLBZ) 40% HIGHER; announced that today Salvatore Palella, Founder and Chief Executive Officer of Helbiz, purchased 2,044,676 shares of Class A Common Stock (the Class A Common Stock) from a seller for an aggregate price of $2,019,935 which represents about 6% of the common stock.GitLab Inc (NASDAQ: GTLB) 10% HIGHER; reported Q1 EPS of ($0.18), $0.09 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $87.4 million versus the consensus estimate of $77.8 million. GitLab Inc sees FY2023 EPS of ($0.93)-($0.89), versus the consensus of ($0.97). GitLab Inc sees FY2023 revenue of $398-402 million, versus the consensus of $390 million. GitLab Inc sees Q2 2023 EPS of ($0.24)-($0.23), versus the consensus of ($0.25). GitLab Inc sees Q2 2023 revenue o

Apple+0.18%PostAirbnb, Inc.+0.08%Growth stocks are falling out of favor with investors in 2022. Interest rates are rising quickly, a trend that makes the present value of future cash flows worth less.Despite how the market feels about growth stocks, Apple, Roblox, and Airbnb are operating excellent businesses that seem unstoppable. Their stocks are already trading at discounts after the sell-off. Investors should consider adding these three growth stocks if the market crash gains further momentum. Here's why.Apple has decades of proven innovationApple's business is centered around a unique capability to deliver innovative consumer technology products that drive billions in sales -- starting with the Mac computer, iPod, iPhone, iPad, Apple Watch, AirPods, and more. What's important for inve

DJIA+1.61%NASDAQ+2.68%Macy's, discount retailers' stocks climb after raising outlooksWeekly jobless claims dip; Q1 economic contraction confirmedIndexes up: Dow 1.61%, S&P 1.99%, Nasdaq 2.68%(Reuters) - Wall Street closed sharply higher on Thursday after optimistic retail earnings outlooks and waning concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood.

SINARMAS LAND LIMITED+0.00%Incredible+0.00%THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 28):Singtel(Z74): Singtel dismisses report of Optus listing; analyst says flotation of Aussie unit now not optimal. Singtel is looking to list its Australian subsidiary, Optus, through an initial public offering (IPO), according to news outletThe Australianon Monday (Jun 27).UOB(U11): United Overseas Bank (UOB) says it intends to issue $400 million worth of perpetual capital securities that will be first callable in 2027.The SGD-denominated perpetual capital securities will be drawn down under the US$30 billion ($41.57 billion) global medium-term note programme.The perpetual capital securities will bear a fixed distribution rate of 4.25% per an

SoFi Technologies Inc. topped expectations with its latest results Tuesday but delivered a mixed forecast in an earnings report that came out several hours before it was officially expected.SoFi (SOFI) reported its results shortly before 1:30 p.m. ET on Tuesday, after its stock had been halted for more than two hours. Reports indicated that the results had mistakenly gone up early, prior to the halt.The financial services and loans company posted a net loss of $110.4 million, or 14 cents a share, compared with a loss of $177.6 million, or $1.61 a share, in the year-prior period. Analysts tracked by FactSet were expecting 13 cents a share in net earnings.

Apple’s (AAPL)annual WWDC (Worldwide Developers Conference) will take place throughout next week and the tech giant’s global fanbase will get an opportunity to find out what products Apple plans on bringing to market.iOS 16, the latest version of Apple’s mobile operating system is expected to get an introduction with the lock screen, messaging and health all boasting meaningful upgrades.Wedbush analyst Daniel Ives also thinks the next major Apple Watch OS will be announced along with a new MacBook Air 2022 version.But Ives anticipates some other, more intriguing surprises, ones which are non-software related. “We importantly believe that Cook & Co. will hit on a number of AR/VR technologies to developers that the company plans to introduce and ultimately this strategy is laying the bre

Tesla Motors-0.57%Tesla’s (NASDAQ:TSLA) big bet on Bitcoin (BTC-USD) is beginning to look like a blunder amid a violent crash for cryptocurrencies.While adding Bitcoin (BTC-USD -14.6%) in early 2021 looked like a wise decision throughout the year and even into early 2022, the tables have turned rather quickly in recent months. The price of Bitcoin specifically has fallen just over 50% in the current quarter, which bodes poorly for Tesla’s (TSLA -7.1%) upcoming quarterly report.With shares down nearly 50% year to date, bookended by an over 7% drop on Monday, the Bitcoin issue adds yet another headwind to contend with as a number of adverse impacts bear down on the Austin-based automaker.

After months of weakness, NIO’s deliveries soared back strongly in June.ET7 sedan deliveries increased 155.7% month over month and now represent a third of all of NIO's product deliveries.ET5 and ET7 production are set to exceed volume production of the ES6 this year.NIO's (NYSE:NIO) first-quarter production and delivery performance was greatly impacted by a variety of factors, including Chinese holidays and COVID-related shutdowns that limited factory output levels. In June, however, NIO experienced a surge in deliveries due to factories coming back online and accelerating demand for NIO’s first sedan product, the ET7. While COVID-19 shutdowns remain a significant risk factor going forward, a recovery in delivery volumes could drive an upwards revaluation of NIO’s shares.Why NIO’s growth

Coinbase Global, Inc.-0.33%MW Bitcoin's nosedive through the $20,000 mark is a Minsky Moment for crypto: 'Psychologically for a lot of people, this is galling'Mark DeCambre'Bitcoin has already broken down [and is] now seeing significant downside follow-through,' says Katie Stockton of Fairlead Strategies. Bitcoin believer Yves Lamoureux of Lamoureux & Co., though, thinks 'bitcoin is fine.'Is bitcoin facing a breaking point? That's what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency's descent accelerates over the weekend. The world's No. 1 digital asset was last trading at $18,654, down more than 70% from its peak of around $65,000, with the broader crypto market feeling to some as if it were in free fall."Psychologically for a lot of people this i

Reuters14:09Apple-0.01%Bank of America+0.22%PostA lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner's identity could not immediately be determined.

Skillsoft (NYSE: SKIL) 8% LOWER; reported Q1 revenue of $170 million versus the consensus estimate of $170.41 million. Skillsoft sees Q2 2023 revenue of $765-790 million, versus the consensus of $773.57 million.Oxford Industries (NYSE: OXM) 6% HIGHER; reported Q1 EPS of $3.50, $0.75 better than the analyst estimate of $2.75. Revenue for the quarter came in at $353 million versus the consensus estimate of $329.02 million. Oxford Industries sees FY2022 EPS of $9.60-$10.00, versus the consensus of $8.86. Oxford Industries sees FY2022 revenue of $1.285-1.325 billion, versus the consensus of $1.24 billion. Oxford Industries sees Q2 2022 EPS of $3.30-$3.50, versus the consensus of $3.29. Oxford Industries sees Q2 2022 revenue of $350-370 billion, versus the consensus of $347 billion.Five Below (

Tesla's June quarter deliveries could be in-line or slightly miss estimates.Tesla, though seeing a slight hit in the near term, could bounce big once consumer spending stabilizes.Tesla, Inc. chief executive officer Elon Musk created a furor this week by communicating to employees his intent to slash 10% of salaried jobs at the company. He blamed the proposed action on the economy.Tesla analyst and Loup Funds co-founder Gene Munster offered his take on the development.Tesla Not Immune to Recession: Musk's comments about job cuts suggests a recession would have a "small negative" effect on Tesla, Munster said. The analyst noted that there are already signs of a dip in the broader U.S. auto market.

Straits Times Index-0.97%The Singapore stock market has finished lower in five straight sessions, sinking more than 120 points or 4 percent along the way. The Straits Times Index now rests just beneath the 3,110-point plateau although it may find traction on Wednesday.The global forecast is cautious ahead of the U.S. interest rate decision later today. The European markets were down and the U.S. bourses were mixed and little changed, and the oversold Asian markets figure to see little movement ahead of the rate decision.The STI finished modestly lower on Tuesday following losses from the financial shares and property stocks, while the industrials were mixed.For the day, the index dropped 30.46 points or 0.97 percent to finish at 3,108.89 after trading between 3,104.39 and 3,125.37. Volume

DJIA-1.05%NASDAQ-2.47%Apple, Tesla are S&P's biggest dragsSolid jobs report keeps focus on rate hike expectationsIndexes fall: Dow 1.05%, S&P 1.63%, Nasdaq 2.47%(Reuters) - Wall Street's three major stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve's aggressive policy-tightening which is needed to cool decades-high inflation.The technology-heavy Nasdaq led the declines, falling 2.5% as shares of market heavyweights Apple Inc and Tesla Inc were the biggest drags on the market.Earlier, the Labor Department's closely watched report showed nonfarm payrolls rose by 390,000 jobs last month and wages grew, while the unemployment rate held steady at 3.6% - all signs of a tight labor market.Economists polled by Reuters had forec

DJIA-0.82%NASDAQ-1.33%* U.S. May consumer spending rises moderately; inflation stays hot* Nasdaq notches biggest-ever Jan-June percentage drop* Indexes down: Dow 0.82%, S&P 0.88%, Nasdaq 1.33%NEW YORK, June 30 (Reuters) - Wall Street ended lower on Thursday, crossing the finish line of a grim month and quarter, a dismal coda to the S&P 500's worst first half in more than half a century.All three major U.S. stock indexes finished the month and the second quarter in negative territory, with the S&P 500 notching its steepest first-half percentage drop since 1970.The Nasdaq had its largest-ever January-June percentage drop, while the Dow suffered its biggest first-half percentage plunge since 1962.All three indexes posted their second straight quarterly declines. The last time that

Apple(NASDAQ:AAPL) stock has been trading in the red after it predicted a $4 billion to $8 billion reduction in sales due to ongoing supply constraints.Coronavirus-led restrictions in China are likely to take a toll on the company’s quarterly performance in June. Its fiscal second-quarter profits and revenues came ahead of analyst estimates, fueling strong demand for its digital services and the iPhone. Hence, the troubling outlook has cast a shadow on another rock-solid performance by the iPhone maker.