Target shares pop more than 12% as retailer boosts profits, despite lackluster sales forecast
Target grew profits even as sales stagnated, and said it plans to launch a new membership program.
Singapore’s Sea Limited posts first profitable year amid efforts to defend market share against Lazada, TikTok
Net income in 2023 was $162.7 million, as compared to a net loss of $1.7 billion in 2022.
Will Nikkei’s record-breaking rally sustain even as Japan’s economy sputters?
Japan’s Nikkei stock index has been on a record-breaking spree, but the country’s ailing economy has experts divided over this sustainability of this rally.
CNBC Daily Open: No rate cuts in 2024?
No interest rate cuts in 2024? That would seem pretty far-fetched for many market watchers. But not for Torsten Slok, chief economist at Apollo Global Management.
China boosts military spending by 7.2%, vows to ‘resolutely’ deter Taiwan ‘separatist activities’
Beijing vowed to “resolutely oppose separatist activities aimed at ‘Taiwan independence’ and external interference.”
China sets GDP 2024 target of ‘around 5%,’ plans to issue ‘ultra-long’ special bonds for major projects
The targets for GDP and other economic indicators were published as part of the opening of the National People’s Congress annual meeting.
China stocks hit over three-month highs as Beijing targets 5% GDP growth; Hong Kong slides 2.5%
China has projected a GDP growth target of “around 5%” for 2024, and expects the inflation rate in the country to increase to “around 3%.”
Sergey Brin says Google ‘definitely messed up’ Gemini image launch
Google’s Sergey Brin spoke to a roomful of entrepreneurs over the weekend at the “AGI House” in Hillsborough, California.
We’re in a ‘boomer renaissance,’ top hedge fund manager says — naming sectors and stocks to play it
Sectors such as tourism, health care and biotech will benefit from it, according to David Neuhauser of Livermore Partners, who named stocks with “great moves.”
Skip EV stocks like Tesla, says fund manager, naming a ‘phenomenal’ alternative
Fund manager Freddie Lait says “avoid it all” when it comes to EVs — including Tesla — and names a favorite alternative.
