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Business

“Target blamed theft and violence for 9 store closures…”

“On Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail crime had made them too dangerous to run. On its face, Target’s announcement was evidence that retail crime… Continue Reading…

Business, Stocks

“Costco Stock Climbs After Earnings Beat, $15 Dividend Payout; Analysts Raise Price Targets”

“…The retailer reported a 16.6% increase in earnings to $3.58 per share on 6.2% revenue growth to $57.8 billion in revenue. FactSet analysts expected 11% earnings growth to $3.41 per share on $57.79 billion in revenue. Net sales rose 6.2%… Continue Reading…

Business

“Sony profit slumps 29% on chip weakness but maintains 25 million unit PlayStation 5 target”

“Sony on Thursday reported a 29% drop in operating profit in the fiscal second quarter as the Japanese electronics giant suffered from weakness in its imaging sensor — or chip — business. Here’s how Sony did in the September quarter versus… Continue Reading…

Business

“Boycotts hit stocks hard. Here’s what might be next for Bud, Target and others caught in the anti-Pride backlash”

“One by one, companies have come under an expanding attack. Anheuser-Busch,Target, Kohl’s and VF Corp.’s North Face brand have all felt the vitriol of this latest push from the right. And the list keeps growing. These companies have been branded as “woke capitalists” — and… Continue Reading…

Banking

“JPMorgan Chase raises key revenue target to $84 billion after First Republic takeover”

“JPMorgan Chase raised a key performance target on the heels of its government-brokered takeover of First Republic earlier this month. The bank will generate about $84 billion in net interest income this year, New York-based JPMorgan said Monday in slides… Continue Reading…

Business, Economy, Energy

“Oil major BP braces itself for shareholder revolt after scaling back its climate targets”

“BP is bracing itself for a shareholder revolt at its annual general meeting on Thursday — some of the U.K.’s biggest pension funds are planning to ratchet up the pressure on the oil major after it rolled back its emission… Continue Reading…

Banking

“Canada Targets Banks for Billions With Dividend Tax Change”

“Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms… In a measure that officials billed as closing a loophole, Canada will… Continue Reading…

Business

“Target’s earnings take a huge hit as retailer sells off unwanted inventory”

“Target on Wednesday said its quarterly profit fell nearly 90% from a year ago, as the retailer followed through on its warning that steep markdowns on unwanted merchandise would weigh on its bottom line. The big-box retailer missed Wall Street’s expectations by a… Continue Reading…

Cryptocurrencies

Beware, Next Target Cryptocurrency: “Lawmakers fear cryptocurrencies could be back door for sanctioned rubles”

“…The anonymity provided by bitcoin and other cryptocurrencies could undermine the effectiveness of sanctions against Russia after its invasion of Ukraine, the lawmakers say. Industry advocates, however, say the technology provides greater transparency for law enforcement and warn against an overreaction… Continue Reading…

Business, Stocks

“Alphabet Could Scale to Fresh Record High on Upbeat Q2 Earnings; Target Price $3,000”

“The parent of Google and the world’s largest search engine that dominates internet search activity globally, Alphabet, is expected to report its second-quarter earnings of $19.33 per share, which represents year-over-year growth of about 90% from $10.13 per share seen in the same… Continue Reading…