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Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

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Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing Rights Italy’s 40% one-off tax hit bank shares Moody’s downgrades 10 U.S. lenders, flags real estate exposure Regional bank stocks lower Aug 8 (Reuters) … Read more

Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

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Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Aug 3 (Reuters) – Apple (AAPL.O) on Thursday forecast that a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal … Read more

Booking Holdings boosts forecast as travel demand defies weak economy

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Booking Holdings boosts forecast as travel demand defies weak economy

Aug 3 (Reuters) – Booking Holdings (BKNG.O) on Thursday raised its forecast for third-quarter gross bookings as pent-up demand for travel outweighed rising costs and concerns around an uncertain economy, sending its shares up 10.25% in extended trading. It now expects gross bookings, which refers to the total dollar value of all travel services booked … Read more