Yahoo Finance Plus Among the earnings stories for Wednesday, May 29, from AP Business News:
— The shoe retailer DSW Inc. said that its first-quarter net income fell 13 percent, as hefty one-time charges offset sales contributions from new stores.
— Brown Shoe Co., which operates Famous Footwear and Naturalizer stores, said that it swung to a loss in the first quarter from a year ago as results were dragged down by certain restructuring charges.
The software company has closed an all-cash acquisition deal with a group of buyout firms led by Hellman & Friedman LLC and Permira.
Its buyout is worth about $6.6 billion less than a previous offer, but the software maker had boxed itself in.
As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and some estimates are showing 0% growth in Q2. Such results would meet the technical definition of a recession – and recession is hardly the usual environment to find robust earnings growth. Looking at current
Recessions seems to be the talk of the town these days. So: if "everyone" knows a recession is coming, does that change what the downturn looks like?
When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
At current levels, investors need a 7% to 8% return just to preserve their wealth.
These rapidly growing companies are begging to be bought following a peak decline of 34% for the Nasdaq.
Global biopharmaceutical company Sanofi (NASDAQ: SNY) encountered setbacks while developing its COVID-19 vaccine, and only this year reported results from late-stage clinical trials. Sanofi opted for the more traditional protein-based technology for its COVID-19 vaccine, Vidprevtyn, rather than the mRNA technology of Pfizer-BioNTech's Comirnaty and Moderna's Spikevax. The mRNA technology delivers genetic code instructing the body's cells to make the protein, while the more traditional approach produces the protein in a lab before injecting it into the body.
Russia’s fiddling with gas flows to Europe could create an economic spillover effect, warns Germany’s top economy minister.
In March, Tesla (NASDAQ: TSLA) revealed its intentions to pursue a stock split, and now we have more details. A company's path to a stock split can be a bit confusing. Here's what you as a retail investor need to know about Tesla's plan.
Dividend stocks are the new darlings in S&P 500. But investors are getting burned on those stocks, too.
The first half of 2022 is all but over, and it's been a lousy one for the stock market. The Nasdaq Composite index is down 29.3% year to date. Take Advanced Micro Devices (NASDAQ: AMD); it's down 42.7% so far this year.
The wireless companies are boosting monthly fees and increasing the cost of mostly older cellphone plans.
Tesla plant near Shanghai is going to shut down temporarily, according to reports. On Wednesday, Reuters reported that Tesla (ticker: TSLA) will shut down production in China for a couple of weeks at the start of July to upgrade equipment. Tesla didn’t return a request for comment.
The car giant is spending billions to build a broad, impressive lineup of electric vehicles. The stock is cheap and the opportunity to buy into that future is a steal.
A Woman's World reacts to Roe v. Wade overturned
A bill is headed for consideration by the full Senate that would move the age at which you have to start drawing down your retirement plan savings to 75. The House of Representatives passed a similar measure, so sponsors are … Continue reading → The post You're One Step Closer to Being Able to Delay Your RMDs in Retirement appeared first on SmartAsset Blog.
(Bloomberg) -- Shares of China’s electric-vehicle makers are trouncing global industry leader Tesla Inc., bolstered by Beijing’s consumption incentives and heavy dip-buying from investors.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightProtest Latest: Tear Gas Used in Arizona; Driver Hits ProtestersJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionStocks Roar Back With Best Week in a Month: Markets WrapEnding Roe Is Institutional Suicide
Bitcoin bear markets aren't unusual. But cryptocurrencies have never faced such an aggressive Federal Reserve. Welcome to the crypto ice age.
Many popular companies have announced stock splits in 2022. With that in mind, we asked a panel of Motley Fool contributors to share their top picks from the list of upcoming stock splits. Nicholas Rossolillo (Fortinet): In the years leading up to and during the beginning of the pandemic, there was much talk about how cybersecurity needs have changed.
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