It could have been worse, and it’s not like Wall Street expected much anyway. In short, this is Target’s third-quarter earnings as of Wednesday morning. After nearly two years of brutal results due to execution errors, rising retail theft and increasingly cautious consumer sentiment, Target has crushed analysts’ lowered estimates for sales, margins and profit. … [Read more…]
3 hours ago Chinese EV Inventories Rise; Keep an eye on Xpeng’s quarterly results Hong Kong-listed shares of Chinese electric vehicle makers jumped in early afternoon trading. Shares of BYD, Nio, Xpeng and Li Auto rose between 2.47% and 6.11%. The markets in Asia rose across the board following positive economic data from China. A … [Read more…]
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, December 7, 2023. Brendan Mcdermid | Portal U.S. stock futures were slightly higher on Sunday evening as investors await the Federal Reserve’s final meeting of 2023 this week for signals on when central bankers will begin cutting interest … [Read more…]