When Target Corp. (NYSE: TGT) reported its fiscal second-quarter financial results before the market opened on Wednesday, the retailer said that it had $1.23 in earnings per share (EPS) and $16.43 billion in revenue.
On the books, Target’s cash and cash equivalents totaled $2.29 billion at the end of the quarter, down from $2.51 billion at the end of the previous fiscal year.comparable consensus EPS fiscal quarter results Revenue sales second Wednesday
Tushar Pradhan, chief investment officer at (India), in an interview tells Hamsini Karthik that flows from shouldn’t matter much for equities any more.
Earnings misses in the recent quarters have been on the back of a sharp fall in commodity prices, significantly higher than expected provisioning at financial institutions and a challenging global market for Indian information technology (IT) and pharmaceutical companies.bond earnings equities global interest investors market matter mid cap rate
LONDON — Akzo Nobel, the Dutch paint and chemicals company, said on Wednesday that it had reached a truce with Elliott Management, ending a dispute that had been the latest example of an activist investor looking to reshape a major business.
The dispute had centered on repeated efforts by PPG Industries, an American rival, to take over Akzo Nobel, which counts Dulux paint among its brands.activist Akzo Nobel American dispute Elliott fund hedge major paint PPG
At a competition last week at New Mexico’s Holloman Air Force Base, the U.S. Air Force kicked off its Light Attack Experiment, an effort to find a low-cost, light-attack fighter plane that would require reasonably little work to develop. At the event, Air Force Secretary Heather Wilson announced that the service is “going to have a big competition” soon, “a rapid prototyping event, … to investigate swarms and platforms and effects and data science of small unmanned aerial vehicles.” It’s name is ThunderDrone.Air attack base competition experiment Holloman light Mexico prototyping ThunderDrone
Chicago police clashed with members of a local Antifa group outside a Cook County courthouse Tuesday evening. The violent Antifa activists gathered outside the Cook County courthouse at Belmont and Western starting ...
Three protesters were detained.activists Antifa Belmont Cook County Courthouse detained gathered Protesters violent
Atlanta Fed President Raphael Bostic said Wednesday the Great Recession caused people to distrust long-term investments.
Regarding politics, Bostic said it appears U.S. businesses were optimistic before President Donald Trump and didn't change their plans when he was elected.Atlanta Bostic caused Fed growth President Raphael recession Trump Wednesday
MUMBAI: RBI Governor Urjit Patel had opted for a moderate rate cut of 25 basis points arguing that low food prices were unusual and vulnerable to upward pressures, said minutes of the last Monetary Policy Committee (MPC) meet released today.Patel had also opined that effective transmission of policy rate was key to non-inflationary growth and banks have still space to cut lending rates.The RBI Governor-headed six-member MPC had met on August 1 and 2 to decide this fiscal's third bimonthly monetary policy.Based on the majority view at the MPC meet, the central bank reduced the key policy rate (repo) by 25 basis points to 6 per cent, although the industry and other stakeholders were expecting more than that.Four of the six members had recommended 0.25 per cent cut in repo rate . While external member Ravindra H Dholakia (Professor, IIM, Ahmedabad) suggested 0.5 per cent reduction, another member Michael Debabrata Patra (RBI Executive Director) was in favour of status quo.As per the minutes, Patel cautioned that "the present low level of food prices is unusual and is vulnerable to upward pressures".He said an assessment of whether the recent deflation in food items is sustainable, despite a normal monsoon, would require more hard data going forward.The RBI governor further said that effective transmission of a policy rate cut is the key to achieving the goal of supporting non-inflationary growth.cut food Governor key member MPC Patel policy rate RBI
So it would appear. But I’d continue to question for how long, because the market projected a Trump ‘reflation’ (which would of course feature a weakened USD) based on fiscal policy, which has been tardy at best and a non-starter at worst.bullish Contrary downtrend June market NFTRH remain sneaky stock USD
We’re pleased to see the number of U.S.-based asset managers we cover that provide preliminary monthly data on assets under management increase from five to seven.
While we would like to see BlackRock and Affiliated Managers Group provide monthly data as well, given that they do a lot of business with institutional clients, we’ve never gotten the sense that either company would be willing to go that route.active AUM BlackRock earnings multiple fair estimate fees growth passive price earnings Rowe
It’s easy to understand the allure of dividend-paying stocks.
Investors can avoid stepping on land mines in the field of dividend-oriented ETFs by understanding how these funds target and weight dividend-paying stocks, and seek to reduce the risks of holding high-yielding companies.dividend dividend payment dividend yield fund holding PEY stock weighting XLE yield