Reported 3 months ago
Wells Fargo has downgraded its price target for Target Corp. (TGT) from $135 to $115 while maintaining an Overweight rating after the company reported disappointing fiscal Q1 2025 results, including a 3.8% drop in comparable sales. Target also revised its sales projections for the fiscal year 2025, expecting a low-single-digit decline in sales and adjusted EPS between $7.00 and $9.00, amidst broader economic concerns and reduced visibility for recovery.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
If you had invested $1000 in Paycom Software a decade ago, it would now be valued at approximately $7,230.17, marking a significant gain of 623.02% as of May 26, 2025. Paycom has demonstrated strong growth in its cloud-based human capital management solutions, with continued revenue increases despite economic challenges. Analysts expect further growth, although potential setbacks from reduced client headcount and increased marketing expenses could impact future profitability.
Source: YAHOO
Reported 3 months ago
A newly proposed US bill, dubbed the 'revenge tax,' aims to impose higher tax rates on income from countries considered to have unfair tax regimes, impacting allies such as Canada, the UK, France, and Australia. Specifically targeting nations that enforce digital services taxes on large tech firms, the measure could lead to significant additional taxes for Canadian investors and institutions, possibly costing them up to C$81 billion over seven years. Critics argue that this legislation undermines longstanding tax treaties and may ignite a global tax conflict.
Source: YAHOO
Reported 3 months ago
German Chancellor Friedrich Merz has indicated that the EU may retaliate against US technology companies if trade tensions escalate with the Trump administration. While seeking to reduce tariffs and foster cooperation, Merz emphasized the need to protect European interests, especially due to the US's trade surplus in services. He cautioned that if necessary, the EU might implement tariffs on American goods, especially in light of Trump's threats of high tariffs that could negatively impact the US economy.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
This week, investors will be closely watching earnings reports from major companies including Nvidia, Salesforce, Dick's Sporting Goods, and Kohl's. Nvidia is set to release its results on Wednesday, while Salesforce will disclose its first-quarter earnings post-market on the same day. Dick's Sporting Goods will also report first-quarter results before the market opens on Wednesday, and Kohl's will follow with its earnings announcement on Thursday amid leadership changes.
Source: YAHOO
Reported 3 months ago
As of May 26, 2025, high-yield savings accounts continue to offer appealing annual percentage yields (APYs) exceeding 4%, despite recent economic challenges such as the U.S. government's credit downgrade by Moody's. With the Federal Reserve likely to keep interest rates unchanged in its upcoming June meeting, savers can still benefit from competitive yields. The top yield currently stands at 4.40% from Openbank, while several banks offer solid returns with low or no minimum deposit requirements. It remains a favorable time for consumers to open or maintain high-yield savings accounts.
Source: YAHOO
Reported 3 months ago
This article discusses the rules surrounding Required Minimum Distributions (RMDs) for IRAs inherited from a deceased parent. It explains that if the deceased was already taking RMDs, the beneficiary must continue to do so based on their own life expectancy, while also emphasizing the 10-year rule that requires the account to be fully depleted within that time. It also clarifies that for inherited Roth IRAs, no RMDs are needed, but the account must still be emptied by the end of the tenth year.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
President Trump has delayed the implementation of a proposed 50% tariff on European Union goods from June 1 to July 9, following a phone call with EU Commission President Ursula von der Leyen. This conversation provided a 'new impetus' for trade negotiations that had been stalled. The EU has prepared significant retaliatory tariffs should discussions not yield satisfactory results, highlighting the importance of this relationship in international trade.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
In a recent podcast, billionaire investor Mark Cuban advised against investing in flashy sectors like restaurants, clothing, and liquor, which he believes lack barriers to entry and can lead to poor financial outcomes. Instead, he recommends hiring experienced professionals to manage investments and suggests exploring industries with higher barriers to entry, such as real estate and 'boring' sectors like pest control or insurance, which can offer greater stability and profitability.
Source: YAHOO
Reported 3 months ago
HKBN's CEO, William Yeung, has stated that China Mobile's HK$7.8 billion offer for the broadband operator, which translates to HK$5.23 per share, is inadequate and does not represent the company's growth or capital investments. Yeung is open to discussions with additional bidders to ensure the best outcome for shareholders, emphasizing that HKBN is actively considering various options beyond the current offers.
Source: YAHOO
Reported 3 months ago
European stocks and US equity futures gained after President Trump postponed the implementation of aggressive tariffs on the EU, easing tensions in the markets. This follows a pattern of Trump's unpredictable trade threats, leading to market fluctuations. The dollar remains near a two-year low as trade tensions and weak asset demand affect its value. Investors are awaiting significant reports, including Nvidia's earnings, which could influence market sentiment further.
Source: YAHOO
Reported 3 months ago
Shares of major Chinese automakers, including BYD, Nio, and Geely, fell sharply after BYD announced new trade-in incentives for over 20 models amid increasing competition and price wars in the industry. The CEO of Great Wall Motors expressed concerns about the health of the auto sector, likening it to the struggles faced by the Evergrande property developer, highlighting issues such as heavy losses and declining product quality due to aggressive price reductions.
Source: YAHOO
Reported 3 months ago
Nvidia has seen a staggering 700% increase in stock value since the launch of ChatGPT in late 2022, far outpacing the S&P 500's 45% gain. The company has solidified its role as a leading provider of AI chips, contributing significantly to the rise of the 'Magnificent Seven' tech companies, which now hold 32% of the S&P 500 market cap. Nvidia's quarterly revenue jumped from $6.3 billion to $35.3 billion over two years, driven largely by its booming data center segment.
Source: YAHOO
Reported 3 months ago
E2open, a provider of supply chain software, has been acquired by Australian logistics technology company WiseTech Global for $2.1 billion, marking a significant strategic shift following a period of operational challenges. The acquisition, valued at $3.30 per share, represents a 28.4% premium over E2open's previous closing price and concludes its brief tenure as a publicly traded entity since its SPAC debut in October 2020. CEO Andrew Appel highlighted the synergy between E2open and WiseTech, aiming to enhance offerings for complex supply chains despite E2open's recent financial struggles.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Source: YAHOO