No Picture
Trading Ideas

Target posts best comparable sales growth in 13 years, shares hit record

The Minneapolis-based retailer also raised its annual profit forecast and said its quarterly performance was driven by demand for home products, toys and electronics as well as a rebound in seasonal merchandise sales after cold weather in the first quarter hurt demand. Chief Executive Officer Brian Cornell said the jump in customer traffic during the second quarter was unprecedented. The retailer recorded market share gains across most categories, he added. …read more […]

No Picture
Trading Ideas

US Rep Duncan Hunter, wife indicted on corruption charges

U.S. Rep. Duncan Hunter and his wife were charged Tuesday with using more than $250,000 in campaign funds to finance family trips to Italy and Hawaii, golf outings, school tuition, theater tickets — even fast food purchases — and attempting to disguise the illegal spending in federal records, prosecutors said. A 48-page federal indictment depicts the couple as binge spenders who over eight years pocketed a steady stream of dollars intended for campaign purposes, while their household budget was awash in red ink. In March 2015, Hunter told his wife he wanted to buy “Hawaii shorts” but ran …read more […]