Walmart on Thursday raised its full-year earnings and sales outlook as its online business posted another quarter of double-digit gains, even as the company said costs are rising from higher tariffs. The big-box retailer topped Wall Street’s quarterly sales estimates but fell short of earnings expectations, the first time it…
NORTH KINGSTOWN, R.I. — The winged passenger ferry gliding over the surface of Narragansett Bay could be a new method of coastal transportation or a new kind of warship. Its maker, Regent Craft, is betting on both. Twelve quietly buzzing propellers line the 65-foot wingspan of Paladin, a sleek ship…
President Donald Trump is back in the headlines, this time for a major investment spree while in office. Since returning to the presidency in January 2025, he’s bought over $100 million in bonds, according to recent filings with the US Office of Government Ethics. Spread across more than 600 transactions…
Target (NYSE: TGT) has named insider Michael Fiddelke its next chief executive (CEO). Fiddelke has been with the retail behemoth for more than 20 years and will replace Brian Cornell on Feb 1.But the announcement didn’t sit well with investors as evidenced in a 6.0% decline in TGT shares on…
A powerful divergence is splitting global markets on Thursday, as most of Asia defiantly charts its own course, shrugging off a tech-led selloff on Wall Street that had sent key benchmarks tumbling. While a mood of caution prevails in Tokyo, strong gains in Seoul and Sydney paint a picture of…
China is considering allowing yuan-backed stablecoins for the first time in a move aimed at boosting international adoption of its currency, Reuters reported citing people familiar with the matter. The proposal, now under review, would represent a significant departure from Beijing’s strict stance on digital assets, which saw cryptocurrency trading…
A dramatic day of reckoning is unfolding in European markets, as a shocking corporate collapse sends a chill through London while the broader continent holds its breath ahead of a pivotal week of economic tests. The session is a tale of two markets: one of quiet, nervous anticipation, the other…
Australia’s economy looks very conflicting on paper. The headline economy feels slow. Interest rates have come down and markets are expecting a more favorable environment.National indicators point to soft momentum and fading tailwinds. On the ground, brand-led consumer companies are scaling and exporting. This split is important for policy and…
Australian shares surged past the key 9,000 mark for the first time on Thursday, lifted by financials and a string of upbeat corporate earnings. The S&P/ASX 200 index gained 1.1% to 9,019.10, marking an all-time high and closing record. The benchmark has risen in seven of the past 15 sessions…
Global crude and condensate departures remained high in the first half of August, reaching approximately 41 million barrels per day, Vortexa said in an update. The figure is 2% higher than the seasonal average from 2016-2024 and surpasses both 2023 and 2024 levels.“Nevertheless, despite fears that the swift unwinding of production…