Check out which companies are making headlines before the bell: Target – The retailer reported adjusted quarterly profit of $1.23 per share, four cents a share above estimates. Target also beat forecasts on the top line, in its second quarter comparable sales, and in its third-quarter and full-year outlook. Target saw increased customer traffic in […]
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President Donald Trump blasted Amazon on social media Wednesday, saying the e-commerce giant is hurting retailers and causing U.S. job losses. Tweet Link Amazon shares fell as much as 1 percent in Wednesday’s premarket session after Trump’s tweet. Amazon did not immediately respond to a request for comment. Amazon premarket chart Source: FactSet Trump bashed […]
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Superior dividends and great valuations: why investors should consider oil stocks
While the global oversupply of oil continues to weigh on crude prices and suppressed stock prices for oil companies, the sector offers attractive value to investors, experts argue. “The sector has been underperforming, there’s great value, so you have to play the sector,” Beat Wittmann, partner at Swiss financial advisory Porta Advisors, told CNBC’s Squawk […]
Read morePresident Donald Trump‘s bid to open Sydney’s first casino 30 years ago was thwarted after regulators expressed concern over his alleged “mafia connections”, it was revealed on Wednesday. Australia’s New South Wales (NSW) police board recommended against approving an offer from the former New York businessman and a local developer, according to a report from […]
Read moreDenmark’s A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares as investors looked beyond one-off second-quarter charges. Maersk has been hit by low oil prices at its energy arm and sliding prices in its shipping business in recent years due to lackluster global trade and a glut of available […]
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UK unemployment falls again to lowest since 1975, wage growth still lacklustre
Britain’s unemployment labor market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. The unemployment rate in the three months to the end of June fell to 4.4 percent, against the average forecast for it to hold at 4.5 percent […]
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ECB's Draghi will not deliver fresh policy steer at Jackson Hole: Sources
European Central Bank President Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve’s Jackson Hole conference, two sources familiar with the situation said, tempering expectations for the bank to start charting the course out of stimulus. An ECB spokesman said that Draghi will focus on the theme of the symposium, […]
Read moreThe debate over the rise of online video streaming is usually framed as a battle between new streaming platforms and traditional television services, but one serial tech entrepreneur begs to differ. “We believe our number-one competitor is not linear TV. We believe our number-one competitor is digital and physical piracy,” iFlix Co-founder and Chairman Patrick […]
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Uber investor Shervin Pishevar claims Benchmark wants to remove Arianna Huffington from the board
Early Uber investor Shervin Pishevar sent Benchmark Capital another letter asking the firm to step away from the company’s board of directors. In the letter, which Recode obtained, Pishevar claims that Benchmark is working with another major investor — Lowercase Capital — in its effort to remove former CEO Travis Kalanick from the board. Pishevar […]
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First far-right party set to enter German parliament since 1945 claims Merkel’s days are numbered
Angela Merkel may be poised to enter her fourth term as German Chancellor, but the chances of her serving the full four years are becoming increasingly slim, according to her far-right challengers the AfD. The incumbent leader and her Christian Democratic Union (CDU) party are expected to enjoy an easy slide to victory when Germany […]
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