Back-to-school shopping at a Target store in West Hollywood, California. Joe Scarnici | Getty Images Target‘s second-quarter profit jumped 17%, beating Wall Street estimates and propelling the company to raise its outlook for the rest of the year, the company said Wednesday. CEO Brian Cornell said the company had “outstanding performance” during the first half
Robert Kaplan at Jackson Hole, Wyoming David A. Grogan | CNBC Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an “open mind.” “I’d like to avoid having to take further action but I think I’m going to have an open mind about taking action over the next number of
Google had its IPO 15 years ago, and it was a big deal for a couple of reasons. First of all, Google’s IPO was a glimmer of hope after the dotcom bust. And Google was trying to reinvent the IPO by making it more transparent, using a process called a Dutch Auction. Today, the IPO
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Arturo Estrella, the economist who first discovered the predictive power of the yield curve, has a message for recession naysayers: It could hit sooner than you think. “It’s been 50 years and 7 recessions with a perfect record,” Estrella told
Experts have a message for anyone thinking about relying on basic Medicare with no extra coverage: Don’t do it. With deductibles, copays, coinsurance and — this is a biggie — no out-of-pocket maximum, the program has a variety of costs that make having no backup insurance a huge financial risk. “All it takes is one
As broke investors worry more and more about a stock market crash, billionaires are quietly loading up on their favorite dividend paying stocks. Investing for growth and income, these “country clubbers” know how to 4X their yields without taking on any additional risk. Who would you rather invest with? Obviously, the rich guy or gal
Former U.S. Federal Reserve Chairman Paul Volcker In an unfortunate decision, three of the four voting members of the board of the Federal Deposit Insurance Corporation (FDIC) voted to significantly gut the Volcker Rule, a risk reduction cornerstone of the Obama era financial reform law, The Wall Street Reform and Consumer Protection Act (Dodd-Frank). The
This ranch-style home in Ojai, California mixes frontier charm with contemporary design. Douglas Elliman Aside from the boutique hotels and hip art galleries, Ojai, California is virtually Los Angeles’ frontier—chock-full of ranches, horse trails, and arresting heroes ready to claim their stake in town. For its 7,500-plus residents, life here represents a change of pace, a
Customers exit a Target Corp. store in Colma, California David Paul Morris | Bloomberg | Getty Images Target shares ended the trading day Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts’ expectations. And at least one analyst thinks there’s still more room to
Elsa Hosk, Adriana Lima, Behati Prinsloo, and Candice Swanepoel pose during the finale of the 2018 Victoria’s Secret Fashion Show at Pier 94 on November 8, 2018 in New York City. Taylor Hill | FilmMagic | Getty Images Lingerie maker Victoria’s Secret dragged on parent company L Brands‘s second-quarter earnings, which topped analysts’ expectations on profit while