The United States and China are close to a trade agreement, White House adviser Kellyanne Conway said on Tuesday, but three of the biggest sticking points remain.
Volkswagen’s luxury car unit Audi on Tuesday said it would cut one in ten jobs, freeing up billions of euros to fund its shift toward electric vehicle production.
Best Buy Co Inc signaled it expected a strong holiday shopping season by forecasting fourth-quarter profit above Wall Street estimates on Tuesday, sending the shares of the biggest U.S. tech retailer up 5% in premarket trading.
Abercrombie & Fitch Co reported a better-than-expected 3% rise in same-store sales at its flagship brand on Tuesday, but said tariffs would hurt gross profit in the current quarter.
Dollar Tree Inc on Tuesday forecast holiday-quarter profit below Wall Street expectations, as the discount store operator expects a hit from U.S. tariffs on Chinese imports, sending its shares down about 8% before the opening bell.
The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But in contrast you can… …read more […]
London Stock Exchange shareholders overwhelmingly backed the exchange’s $27 billion takeover of data and analytics company Refinitiv on Tuesday, a deal designed to broaden LSE’s trading business and make it a major distributor of market data.
(Bloomberg) — A four-day-old coalition government led by the Bharatiya Janata Party collapsed in the western Indian state of Maharashtra after it failed to muster a majority.Chief Minister Devendra Fadnavis resigned in Mumbai, the state’s capital, which is also home to India’s benchmark stock exchange and leading conglomerates, Reliance Industries Ltd. and the Tata group.The latest twist in the state’s ongoing political drama is a setback for Prime Minister Narendra Modi who had backed Fadnavis’ candidacy for the top job as his party laid out its ambition to govern all of India’s states. The BJP found itself in a minority …read more […]
It may not be great to have too many vices. But it sure feels good to profit off of them. Enter: sin stocks.
In the following, I will define what sin stocks are, look at the various sectors under which they fall and take stock of some important ones to watch.
What Are Sin Stocks?
A sin stock is a share of any publicly traded company whose primary business activities are often considered unethical or immoral. For example, many people consider tobacco stocks unethical because firms like Altria (NYSE: MO) directly profit off of people smoking. Smoking, of course, is bad for a …read more […]
Discount store operator Dollar Tree Inc reported better-than-expected quarterly sales on Tuesday, as revamped stores and new products drew more shoppers to its namesake and the Family Dollar chain.
Audi on Tuesday announced a major restructuring scheme, slashing around 9,500 jobs until 2025 in an effort to adopt production to the e-mobility era and achieve billion-euro cost savings.
U.S. stock index futures treaded water on Tuesday, a day after Wall Street closed at record highs, as investors waited for the latest on the trade talks between the United States and China.
Fed Chair Jerome Powell said on Monday monetary policy was “well positioned” to support the strong labor market. Focus now turns to the Conference Board’s U.S. consumer confidence survey for November, due at 10 a.m. ET. …read more […]
Best Buy Co Inc forecast fourth-quarter profit above Wall Street estimates on Tuesday, pointing to hopes of strong demand in the crucial holiday shopping season and sending the shares of the biggest U.S. tech retailer up nearly 5%.
Scotiabank reported adjusted earnings attributable to common shareholders of C$2.23 billion ($1.68 billion), or C$1.82 a share, compared with estimates of C$1.81. Provisions for credit losses during the quarter jumped 28% to C$753 million. Growing economic uncertainties that have raised the prospect of interest rate cuts at home, higher provisions for loan losses and sluggish deal-making have weighed on Canadian banks in recent quarters. …read more […]
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