National House Price Index increased 18.6% year-over-year in June
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- August 31, 2021
Text size Target earnings fall well short of analysts’ expectations. AFP via Getty Images Target stock was tanking after the retailer reported first-quarter adjusted earnings of $2.19 a share, well below analysts’ forecasts. It wasn’t just the past quarter that is causing Target stock, down nearly 22%, to tumble. The retailer also said for the
READ MOREText size Tencent headquarters in the southern Chinese city of Shenzhen. Noel Celis/AFP via Getty Images Tencent , the Chinese videogame maker and social media company, reported first-quarter revenue of 135.5 billion yuan, missing analysts’ forecasts. Net earnings at Tencent (ticker: TCEHY) fell 51% from a year earlier to 23.41 billion yuan. Analysts surveyed by
READ MOREWalmart like many of the families that shop in its stores, is getting squeezed by higher food prices and other rising costs. The country’s largest retailer by revenue said sales increased in the most recent quarter, but higher product, supply-chain and employee costs ate into profits, sending the retailer’s stock sharply lower Tuesday. Source link
READ MOREText size Barclays analyst Tim Long says order growth at Cisco is likely to slow down. Josep Lago/AFP via Getty Images Wall Street is optimistic about Cisco Systems’ quarterly results, due after the close of trading Wednesday, but concerns remain about how the networking giant’s outlook might be affected by difficult macroeconomic conditions. For the
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