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P&G's initial decline had nothing to do with earnings. The market later agreed
19 Apr 2024 23:41 GMT
Procter & Gamble shares were down sharply early in Friday's session after the consumer products giant reported a mixed quarter. We viewed the action as a bit of profit-taking — and not a reflection of the results. The stock entered the session on a …
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Stock market today: Tech stocks smoked, Nvidia tumbles 10% to cap worst week of the year
19 Apr 2024 22:01 GMT
Wall Street retreated on Friday as dimming hopes for a coming interest rate cut and geopolitical uncertainty intensified a sell off in Big Tech.
The S&P 500 (^GSPC) fell about 0.9%, notching its sixth consecutive losing day, and suffering its worst …
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Is the FTC Really Going to Stop Tapestry and Capri From Merging?
19 Apr 2024 19:46 GMT
For months, short-selling investors have been placing a wager that Tapestry’s $8.5 billion acquisition of competitor Capri Holdings would never happen. It seemed like a longshot bet: the deal, announced in August, was enthusiastically supported by …
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Aleve's 'Painful Truth' Takes On Opioids
19 Apr 2024 12:30 GMT
Aleve takes aim at a notorious competitor --
opioids -- in “The Painful Truth,” a recently launched campaign that encourages consumers to explore the possibility of non-opioid pain relief options with their doctors.
While the
Bayer pain relief brand’s name …
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P&G Announces Fiscal Year 2024 Third Quarter Results
19 Apr 2024 11:01 GMT
The Procter & Gamble Company (NYSE:PG) reported third quarter fiscal year 2024 net sales of $20.2 billion, an increase of one percent versus the prior year. Organic sales, which excludes the impacts of foreign exchange and acquisitions and divestitures …
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For multinationals, Africa’s allure is fading, hurting jobs and wealth creation
19 Apr 2024 08:48 GMT
Nestlé SA in August shuttered production of Nesquik chocolate milk powder in South Africa, citing falling demand. A year ago, Unilever Plc pulled the plug on the manufacturing of home-care and skin-cleansing products in Nigeria to “sustain profitability.” …
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3 top US dividend stocks for value investors to consider in 2024
19 Apr 2024 04:55 GMT
Having largely covered every valuable dividend stock in the UK market, I decided to see what’s happening across the pond. US stocks on average don’t appear to pay as high dividends as the UK, with a stronger focus on growth. However, I’ve uncovered three …
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7 Stocks to Buy Now: Q2 Edition
18 Apr 2024 16:39 GMT
Buying and holding stocks for the long run is a time-tested strategy that can generate sizable long-term returns. Investors can simplify the experience by purchasing shares of top-tier ETFs with low expense ratios, but also by picking up stocks to buy now …
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Corporate South Africa dips its toes into the AI waters
18 Apr 2024 11:18 GMT
Microsoft South Africa MD Kalane Rampai
Early adopters of generative AI in South Africa are seeing the benefits of using the technology in their organisations, according to Microsoft South Africa MD Kalane Rampai.
Speaking to TechCentral in a recent …
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3 Safe Stocks to Set You Up for a Comfortable Retirement
18 Apr 2024 10:25 GMT
Source: Dan Kosmayer / Shutterstock
If you’re looking for reliable investments to secure your retirement, safe retirement stocks offer a compelling solution. These stocks belong to well-established companies with a proven track record of stability and …