While reporting financial results for the first quarter on Wednesday, sporting goods retailer DICK’S Sporting Goods Inc. (DKS) slashed its earnings, adjusted earning and consolidated same store sales guidance for the full-year 2022. For fiscal 2022, the company now projects earnings in a range of $7.95 to $10.15 per share and adjusted earnings in a range of $9.15 to 11.70 […]
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Federal election 2022 It is a truth (almost) universally acknowledged by Labor politicians that it’s near impossible to reform from opposition. Be too ambitious, make yourself too big a target, and the government will happily use the many advantages of incumbency to shoot you down. That’s because all reforms have opponents, and most create losers as well as winners. That’s […]
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Few parts of the stockmarket have cratered as spectacularly as the buy now, pay later (BNPL) sector – the much-hyped fintechs that were once the market darlings of retail investors. These companies, including Afterpay and Zip, hit eye-watering valuations at their peak during the COVID-19 pandemic last year. Shares in buy now, pay later operators have collapsed this year.Credit:Louie Douvis […]
Read morevideo The Fed ‘can’t avoid’ a recession: Dick Bove Odeon Capital Group chief financial strategist Dick Bove provides insight into how the Fed is handling inflation. The Federal Reserve is officially at war with inflation, raising interest rates at the fastest pace in decades as it looks to reduce demand in the economy. But the U.S. central bank is playing […]
Read morevideo Indiana economy feeling inflation ‘headwind’: Gov. Holcomb Indiana Gov. Eric Holcomb on the ‘hopefully short-term’ crises exacerbated by inflation and financial stress. Live from the World Economic Forum in Davos, Switzerland, Indiana Gov. Eric Holcomb previewed his panel at the conference on "Mornings with Maria" Monday, claiming the state's economy is "humming like an Indy car engine" thanks to […]
Read moreThe world’s top leaders from politics, business, civil society and media will meet in Davos, Switzerland, for the World Economic Forum's Annual Meeting 2022. The event is set to take place from May 22-26, when nearly 2,500 public figures gather to address global issues and find solutions to urgent challenges. This marks the first in-person annual meeting hosted by the […]
Read moreMarkets haven’t hit bottom: Expert Jim Lowell of Advisers Investments discusses the economy and volatility in the market. The S&P 500 has gotten obliterated in a widespread sell-off this month, and the benchmark index is likely to drop even lower if the economy experiences a return to 1970s-style stagflation, according to Bank of America analysts. In a recent analyst note, […]
Read moreEarly heat arrival puts a strain on energy grids Early heat waves mean more people turning up their air conditioners and using more electricity, which could spark trouble later in the year, an expert warns. A combination of high temperatures, extreme drought, and supply chain problems could cause blackouts from Texas to California this summer, the North American Electric Reliability […]
Read moreMarkets experiencing ‘worst downturn’ since dot-com crash: Venture capitalist Craft Ventures co-founder and general partner David Sacks warns of a recession later this year. Craft Ventures co-founder and general partner David Sacks warned on Thursday that the U.S. is headed for a "very serious" recession later this year as markets have been experiencing the "worst downturn since the dot-com crash." […]
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