Month: August 2018

Shares of Big Lots plunged in premarket trading Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 10 percent before the opening bell, set to add to its 14.7 percent decline so far this year. The Columbus, Ohio-based company reported quarterly net income
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Sure, those pugs on Instagram are cute. But they’re expensive, too. Most people estimate that owning a dog costs between $26 and $75 a month, according to pet sitting app Rover, which surveyed some 1,500 U.S. adults in July. The reality? More like $150. “When most people get a dog, they think of basic expenses,”
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President Donald Trump said Thursday he would consider linking capital gains taxes to inflation, repeating an idea previously floated by his administration that some see as tantamount to a tax cut for the rich. The president made the remarks in an interview Thursday with Bloomberg News. “I’m thinking about it,” Trump said Thursday in the
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Check out the companies making headlines after the bell: American Outdoor Brands shares skyrocketed 20 percent in the extended session after a first-quarter earnings beat. The Smith & Wesson parent company earned 21 cents per share for the quarter, up 9 cents from Wall Street’s expectations of 12 cents per share. It also beat estimates
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Dollar General‘s quarterly same-store sales topped analysts’ estimates on Thursday as more customers shopped for apparel and groceries at the discount store chain. Same-store sales rose 3.7 percent in the three months ended Aug. 3, above the 2.83 percent increase estimated by analysts on average, according to Thomson Reuters I/B/E/S. The company’s net income rose
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Shares of American Outdoor Brands jumped more than 12 percent after the bell on Thursday after the company reported second quarter earnings that beat Wall Street analysts’ expectations. Here’s how the company did compared with Thomson Reuters consensus estimates: Earnings per share: 21 cents vs. 12 cents expected Revenue: $138.8 million vs. $134.5 million expected
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Hong Kong’s burgeoning financial links with China hold enormous opportunities — but they carry risks for its banking sector as well. Compared to Hong Kong’s, mainland China’s financial regulatory regime can be less transparent. So, as financial institutions from the mainland increasingly operate in the semi-autonomous financial hub, potential business partners need to be aware
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Shares of Dick’s Sporting Goods plunged by as much as 12 percent in premarket trading Wednesday morning after the retailer said it sold less merchandise during the second quarter than analysts were expecting. Sales at Dick’s Sporting Goods stores open for at least 12 months also tumbled by a bigger-than-expected 4 percent during the quarter
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Federal authorities announced Wednesday that Cleveland Browns linebacker Mychal Kendricks and television writer/producer Damilare Sonoiki have been indicted on insider trading charges. U.S. Attorney William M. McSwain said in a news conference that Kendricks allegedly received non-public information about corporate mergers in 2014 from Sonoiki, who was an employee at Goldman Sachs at the time.
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