Gap Inc’s Old Navy brand plans to nearly double its store count in North America as the apparel retailer readies itself to split from the parent company next year.
The S&P 500 inched closer to its all-time high on Thursday, after a stimulus drive by the European Central Bank added to an upbeat mood from trade concessions by Washington and Beijing ahead of planned negotiations in October.
Chinese importers bought at least 10 boatloads of U.S. soybeans on Thursday, their most significant purchases since at least June, traders said, ahead of high-level talks next month aimed at ending a bilateral trade war that has lasted more than a year.
A grand jury in Alaska this week indicted General Electric’s Baker Hughes , two of its subsidiaries and an employee, for 25 felony charges of assault relating to toxic chemical releases at a construction site, according to authorities.
Financial analysts crunch a seemingly infinite amount of data in an attempt to divine the future of the market.
But as Nicholas Vardy explains today, their long-term predictions often miss the mark.
“Prediction is hard, especially about the future.”
– Yogi Berra
The Greeks turned to the Oracle of Delphi. The Romans interpreted animal entrails. Today, Wall Street analysts crunch endless data to divine the future.
In today’s tradition, Boston money management firm GMO just published its annual outlook for all major asset classes for the seven years ahead.
Two predictions stood out.
First, GMO expects emerging market stocks to rise an average of 5.2% per year …read more […]
Shares of SmileDirectClub , a teeth alignment company, tumbled 10.7% in their market debut on Thursday, after the company’s initial public offering was priced above expectations.
The National Highway Traffic Safety Administration has opened a preliminary investigation into 553,000 Nissan Rogue sport utility vehicles after reports of their automatic emergency braking systems engaging without warning or an obstruction, the agency said on Thursday.
U.S. stocks were on track for a second straight session of gains on Thursday, after a stimulus drive by the European Central Bank added to an upbeat mood from trade concessions by Washington and Beijing ahead of planned negotiations in October.
The U.S. Senate voted on Thursday to confirm Federal Reserve Governor Michelle Bowman to a full 14-year term.
Kroger Co on Thursday raised doubts about its profit targets from an ongoing turnaround plan, even as the supermarket chain operator posted a better-than-expected quarterly profit, helped by its investments in delivery and online operations.
Investors are always on the hunt for the next big thing. And in cannabis, we may have already found ours…
Latin America.
The countries here are home to more than 620 million consumers.
And Latin America is shaping up to be one of the fastest-growing cannabis markets in the world. Projections have it exploding from $125 million in 2018 to nearly $13 billion by 2028.
This provides tremendous opportunities for first movers. And the leader here is Khiron Life Sciences Corp. (OTC: KHRNF).
Based out of Colombia, Khiron has one of the largest grow operations in Latin America. It has a 1.9 million-square-foot facility in …read more […]
European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump.
The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.
Three U.S. senators on Thursday said Amazon.com Inc should stop working with delivery contractors that violate labor laws by imposing unfair conditions on drivers delivering packages for the e-commerce company.
The United States on Thursday welcomed China’s promise to buy agricultural goods while maintaining the threat of U.S. tariff hikes as the world’s two largest economies sought to prepare the ground for upcoming in-person talks.
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