Off-price retail-store operator TJX Cos. on Tuesday reported third-quarter earnings. Revenue for the company — which runs TJ Maxx and Marshalls, along with furniture shops HomeGoods and Homesense — was expected to rise 5% to $10.282 billion. Same-store sales at TJ Maxx and Marhsalls stores in the U.S. were expected to notch a 2.2% gain.
As its losses swelled to almost $100 million during the first three quarters of 2019, funeral home and cemetery owner StoneMor Partners moved to phase two of its cost-cutting efforts. During a recent call with investors after reporting a third quarter loss of $42.7 million, StoneMor CEO Joe Redling said the company had consolidated its executive ranks and is looking to divest assets in an effort to pay down debt. He said Trevose-based StoneMor (NYSE: STON), which owns and operates 321 cemeteries and 89 funeral homes in 27 states and Puerto Rico, has hired business management consultant Johnson Consulting Group to help evaluate its asset base and determine the most effective strategy to divest.
Multi-Collateral Dai (MCD) has activated on the MakerDAO system after MKR token stakeholders made an executive vote last Friday to pass it through. MCD, as its name states, will enable users to create Dai stablecoin coins backed by multiple collateral types. The initial collaterals for MCD will be ether and basic attention tokens.
Richard Harris, chief executive officer at Port Shelter Investment Management, discusses the U.S.-China trade talks and his outlook for the negotiations and the markets. He speaks on “Bloomberg Markets: Asia.
It wouldn't take much to rake in a lot of tax money, according to research published Monday by former Treasury Secretary Lawrence Summers, a high-profile economist who served in two Democratic presidential administrations. The federal government could have $535 billion more in its coffers in the coming decade if the Internal Revenue Serviceaudited returns as often as it did back in 2011 — when audit rates were higher than they are now — and focused those audits on millionaires and billionaires, Summers said. “Under-reporting is more than five times as high for individuals who earn $10 million or more annual than it is for those who make under $200,000 a year,” Summers wrote.
The U.S. Department of Commerce has granted three months extension to Huawei Technologies Co. Ltd. (SHE: 002502) to conduct business with the U.S. companies. The expiry date of the temporary general license has been extended to Feb. 16, 2020, from the previous deadline of Nov.18. President Trump planned to give only a two-week reprieve to the company, a Reuters report suggested, but ran into bureaucratic hurdles.
The Trump administration has granted an extension for US companies to do business with blacklisted Chinese telecoms group Huawei as regulators continue to hammer out rules on companies that pose national security risks and negotiators strive for progress in trade talks. The Commerce Department announced on Monday they issued a new 90-day extension allowing US companies “specific, limited engagements” with Huawei and its non-US affiliates. put the Chinese company on an economic blacklist, citing worries the group poses a national security risk.
Buy a stock with a great dividend yield -- significantly higher than what the average S&P stock pays -- and you've gone a long way towards ensuring that your total profits in a given year are at least average, and maybe significantly above average. With this goal in mind, we've employed the Stock Screener at TipRanks to dig up for us a few likely candidates -- stocks paying generous dividend yields of 5% or better, and stocks scoring a "strong buy" rating from Wall Street analysts to boot. First up is oil and natural gas pipeline operator Enterprise Products Partners, and of the three this one offers income investors the biggest dividend yield: 6.8%.
A Roth IRA is a tax-exempt retirement savings account that holds investments that you choose using after-tax money. If you're thinking about opening an account, consider the disadvantages of Roth IRAs first. Roth and traditional IRAs are excellent ways to stash money away for retirement.
According to Freddie Mac's quarterly refinance report, borrowers pulled out just under $1 trillion from their homes between 2004 and 2007. This total includes only prime first-lien conventional mortgages, and excludes subprime, other non-prime, and second mortgages. The peak of the cash-out refi madness came in 2005 and 2006, as the desire to turn equity into real cash spread to millions of U.S. homeowners.
Home Depot (HD) missed top-line expectations in the fiscal third quarter and lowered its guidance for the full year, as sales results in the company's home market fell short of expectations. The nation's largest home improvement retailer said impacts from its multi-year investment plan created a drag on results. Here were the main results from the report compared to consensus expectations compiled by Bloomberg: Earnings per share: $2.53 vs. $2.53 expected Revenue: $27.22 billion vs. $27.5 billion expected Comparable same-store sales: +3.6% vs. +4.6% expected In the U.S. alone, closely monitored comparable same-store sales rose just 3.8%, well short of the 5.4% increase expected for the third...
HP Inc. s board unanimously rejected Xerox Holdings Corp. s unsolicited takeover proposal, saying the $22-a-share offer is too low.
Musk has called the truck a “'Blade Runner' pickup truck,” “out of a sci-fi movie” and unrecognizable from the pickups that have been sold in the past decades. Roughly one in five vehicles sold in the U.S. January through October was a pickup truck, up from 17% of the vehicles sold in all of 2018, according to Edmunds. “We expect focus to be on how well the actual design resonates with pickup buyers,” Emmanuel Rosner at Deutsche Bank said in a note Monday.
But that's only about half the value of the $103.3 billion Berkshire invested in 17 financials stocks, according to data from S&P Global Market Intelligence. Apple and tech stocks account for 30% of Berkshire's portfolio, well below the 43.5% it has invested in financials. And seven of Buffett's top 10 holdings are financials.
Every October the Social Security Administration (SSA) announces its annual changes to the Social Security program for the coming year. Here are the Social Security changes that were announced in October 2018 and took effect on Jan. 1, 2019, according to the SSA's annual fact sheet. Keep them in mind when you update your social security information.
Some online investments didn't pan out as early as expected, and the benefits will take longer to materialize, Home Depot said in a statement Tuesday. Home Depot gets scrutinized because it can be seen as a harbinger of the American consumer and the real estate market. Home Depot had advanced 39% this year through Monday's close, exceeding gains in the S&P 500 Index.
California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota, Fiat Chrysler and other automakers backing U.S. President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions. Between 2016 and 2018, California purchased $58.6 million in vehicles from General Motors Co , $55.8 million from Fiat Chrysler Automobiles NV , $10.6 million from Toyota Motor Corp and $9 million from Nissan Motor Co .
Nultiple users have expressed privacy related concerns and have no interest in being part of the Google ecosystem. A Fitbit user named Mike Carpenter told CNBC he's concerned what Google will do with all the data it collects "once their AI advances in 10 or 20 years." Google will have a trove of data that "health insurance companies would love to get their hands on."
Around 2,000 of these funding platforms have offered a total of 5.9 trillion yuan ($842 billion) worth of credit guarantees to domestic firms, representing nearly a quarter of their combined net assets, said Liu Yu, an analyst from Guosheng Securities Co. It also amounts to around 70% of the LGFVs' total onshore bonds outstanding. The pledges help private firms secure financing as they suffer from limited access to a banking sector that prefers lending to politically influential state-owned companies While the bulk of these guarantees have gone to fellow LGFVs, a sizable amount is tied to borrowings from the private sector that has seen a majority of the bond defaults, analysts say.
In a competitive labor market, FedEx plans to increase its 401(k) match for employees as a way to attract and retain talent. Patrick Fitzgerald, senior vice president of integrated marketing and communications for FedEx, detailed the plans to the Memphis Business Journal during a phone interview Monday, Nov. 18. Effective Jan. 1, 2021, FedEx Corp. will implement a new 401(k) plan for its U.S.-based employees that will have an up to 8% employer match across all of its operating companies.
The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. You can get all of my trade ideas by opting into my free market trend signals newsletter. When the VIX falls to levels below 12~13, this typically very low level is usually associated with an extreme peak in price.
Do you have the personality to retire rich — and stay that way? Your personality and other personal traits may have more of an impact on how fast you spend your retirement savings than factors such as your age, marital status, desire to leave an inheritance, and whether you continue to work during retirement, according to a study published Monday in the journal Psychology and Aging. Two traits — conscientiousness (for example, you are organized, thorough, hardworking and cautious) and financial self-efficacy (which is a sense of resilience and control over financial situations) — had the strongest direct relationship with the rate in which people withdrew from their retirement savings accounts.
On the back of his analysis, Konik reiterated a Buy rating on Yeti, with a price target of $47.00, providing potential upside of almost 60%. To watch Konik's track record, click here) Another analyst singing YETI's praises is Piper Jaffrey's Peter Keith, who said, “Business momentum remains strong and we see upside to implied Q4 guidance. Importantly, we believe YETI is demonstrating longer-term growth potential, considering success with new product launches, steady/consistent gross margin expansion, intriguing store expansion opportunity both w/ Wholesale and DTC, and engaging marketing.
Cannabis companies just suffered through possibly the ugliest week of an ugly year, but they all have excuses. In a flood of earnings reports that pot companies released just ahead of the mandated deadline for quarterly updates, companies proved that they have not been very good at figuring out how to grow, package, distribute and sell the long-illegal plant. Much more was expected amid the anniversary of weed being legalized for adult recreational use in Canada, the first industrialized nation to do so, and ahead of the coming launch of legal edible and vaping products, commonly referred to as “Cannabis 2.0” in the industry.
Pan-African e-commerce giant Jumia has suspended its Marketplace business in Cameroon. Jumia did not publicly announced it imminent closure in the country and the move took many customers and local staff by surprise. The company that has positioned itself as the first African tech firm to be listed on the New York Stock Exchange, indicated the decision to quit the market is due to unfavorable conditions on their path to achieve success.