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Business

“Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election”

“…The sporting goods store comes behind a string of other retailers that issued muted or cautious guidance for the back half of the fiscal year as companies prepare for the presidential election in November and what some fear could lead… Continue Reading…

Stocks

“Target shares spike as profits rise, despite cautious sales outlook”

“Target said Wednesday that sales grew about 3% in its fiscal second quarter, a return to growth after a prolonged stretch of sluggish sales and squeezed profits… Even so, the company stuck by its previous full-year sales forecast and struck a… Continue Reading…

Business, Energy

“Ford will postpone about $12 billion in EV investment as buyers become more cautious”

“Ford Motor said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative. As a result, it’s postponing about $12 billion in planned spending on new… Continue Reading…

Economy

“Hedge funds cautious on oil, wait for economy: Kemp”

“Hedge funds are becoming slightly more pessimistic about the outlook for oil and the economy, though position changes remain small owing to the holiday season in North America and Europe… Fund managers sold a total of 26 million barrels in… Continue Reading…