Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE US stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in…
Tag: Business
Lowe’s (LOW) earnings Q1 2022
A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday missed Wall Street’s sales expectations for the first quarter, as cooler spring weather hurts demand for supplies for outdoor do-it-yourself projects. Shares were…
Target (TGT) Q1 2022 earnings
Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 22% in premarket trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with…
Saudi Arabia’s Public Investment Fund Now Owns 5% Of Nintendo
picture: Nintendo Saudi Arabia’s Public Investment Fund, a near-bottomless pit of cash tasked with diversifying the nation’s economy (and whitewashing their human rights record), has acquired a 5.01% stake in Nintendo. The news was announced in a filing made with Japan’s Finance Ministry, Bloomberg reports. It follows similar investments made last year in Capcom, EA,…
Thinking about selling your home? This may be the time
Home prices are at record highs and still rising, but there are some early indications that the market may be starting to cool. For sellers looking to get top dollar for their home, the time to sell is now. But homeowners are still holding back from listing their homes, said Jeff Tucker, senior economist at…
Europe dodges to gas crisis
London CNN Business — Europe can’t make up its mind on how to pay for Russia natural gas imports that continue to fuel homes, businesses and power stations. The confusion centers on the logistics of the payments themselves. Several European gas buyers have been preparing to work around the Kremlin’s demand that gas bills be…
AerCap Holdings: Largest aircraft owner lost 113 plans to Russia due to sanctions
New York CNN Business — AerCap Holdings, the aircraft leasing giant that is the world’s largest owner of jets, lost 113 plans when Russia seized them in response to sanctions triggered by the war in Ukraine. The seizures of the planes and 11 jet engines by Russian authorities caused AerCap to take a $2.7 billion…
Gold medal winner teaches students importance of personal finance
Former Olympic athlete wants to help kids learn financial literacy Most educated young people are still pretty uneducated about personal finances. Olympic gold medalist Amy Rodriguez wants to change that with an online game that teaches while kids have fun. ATLANTA – Educated young people remain pretty uneducated about personal finance. Georgia is on the…
NASA’s InSight Mars lander set to end mission on Red Planet this summer
1/7 As the Mars InSight lander’s power diminishes because of dust on its solar panels, preventing it from charging, NASA engineers plan to power down most of its instruments — but hold out hope it will be able to wake back up at some point. Photo courtesy NASA/Twitter ORLANDO, Fla., May 17 (UPI) — NASA…
House Democrats to hold hearings, introduce legislation
House Democrats will hold hearings on the baby formula shortage in the US, and move to pass legislation to increase Food and Drug Administration inspection staff to ensure that imported products are safe for infants to consume. Rep. Rosa DeLauro, chair of the House Appropriations Committee, introduced legislation on Tuesday that would provide the FDA…