NEW YORK—Target delivered another strong quarter, overcoming a slew of challenges from inflationary pressures to congested ports. Third-quarter profits rose nearly 47 percent, while sales increased 13.2 percent, both exceeding expectations and the Minneapolis company raised projections for fourth-quarter comparable-store sales. Target joins Walmart heading into the holiday shopping season with momentum. The biggest U.S….
Target Tames Global Supply Backups; Sales Surge 13.2 percent in Q3
Third-Quarter Profits to Sparkle for Shale Producers Without Hedges
October 26, 2021
admin
Business & EconomyCompaniesEconomieseconomyEuropeGasInvestmentOilproducersprofitsshaleUSUS NewsWorld
0 Comment
With oil and gas prices at multi-year highs, U.S. shale producers are poised to deliver the strongest earnings since the onset of the coronavirus pandemic, so long as they didn’t lock in sales tied to much lower prices. Sky-high oil and gas prices will fill energy companies’ bottom line, rewarding investors who hung on through…
Wall Street Flat on Concerns Over Inflation Impact on Profits
October 12, 2021
admin
Business & EconomyCompaniesEconomieseconomyflatinflationInvestmentMarket WatchMarketsMedia & Big TechprofitsUSUS NewsWall Street
0 Comment
U.S. stock indexes were trading largely flat in a choppy session on Tuesday on worries over the impact of rising inflation on upcoming third-quarter earnings, while Tesla gained after record China-made vehicles sales. Eight of the 11 major S&P 500 sector rose, led by defensive utilities, real estate, and consumer staples shares, which investors prefer…
Japan Wholesale Inflation Hits 13-Year High, Squeezing Corporate Profits
TOKYO—Japan’s wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting pressure on corporate margins and raising the risk of unwanted consumer price hikes. Rising input costs are adding strain for manufacturers already hit by supply constraints and clouding the outlook for the…
Rising Chip Prices Fuel Samsung’s Best Quarterly Profit in 3 Years
SEOUL—Samsung Electronics Co. Ltd. on Friday flagged a 28 percent jump in its third-quarter operating profit to the highest in three years, driven by rising memory chip prices and display sales for new flagship smartphone launches. The preliminary result was up 26 percent from the second quarter, although just below forecasts, while the market reaction was…
US Bank Profits Drop as Industry Slows Reductions in Credit Loss Provisions: FDIC
WASHINGTON—U.S. bank profits fell 8.3 percent to $70.4 billion in the second quarter of 2021 as firms slowed their reductions in credit loss provisions, the Federal Deposit Insurance Corporation reported on Wednesday. While profits were still significantly higher than they were a year ago—up 281 percent from the second quarter of 2020—banks slowed the rate…
European Banks Still Booking Profits in Tax Havens, Says Report
LONDON—Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday. The independent research body, co-financed by the European Union, said disclosures from 36 major European banks showed they…
Consumers Not Companies Bearing Brunt of Inflation: Report
WASHINGTON—Widespread commodity shortages are raising production costs for many consumer brands from Coca Cola to Hershey’s chocolate to Colgate. However, companies so far see inflation as a boon to their profits since they can pass higher costs on to consumers without facing competitive pressure. More S&P 500 companies are commenting on inflation than normal during…
Amazon Expects Spring Windfall as US Economy Reopens, Posts Record Profits
Amazon.com Inc, one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave. Since the start of the coronavirus outbreak, shoppers have relied increasingly on Amazon for delivery of home staples,…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`