Process involves allocating varying amounts of cash to envelopes or pouches labelled with savings priorities Author of the article: The Canadian Press Tara Deschamps Published Aug 24, 2023 • Last updated 19 hours ago • 4 minute read ‘Cash-stuffing’ has picked up a fervent following in recent years as social media influencers adopted the technique. Photo… Continue reading ‘Cash stuffing’ offers path to savings with fresh take on an old budgeting trick
Stock Market Today: Stocks Erase Nvidia Gains Ahead of Powell Speech
It appeared early Thursday as if a positive reaction to Nvidia’s (NVDA) blowout earnings was going to lift stocks across the board, with the main benchmarks climbing out of the gate. But the broad-market buying power fizzled mid-morning as investors turned their attention to disappointing economic data and the start of the Federal Reserve’s annual… Continue reading Stock Market Today: Stocks Erase Nvidia Gains Ahead of Powell Speech
Dollar Tree Eyes Higher-Income Shoppers, Q2 Sales Rise
Dollar Tree (DLTR) posted second-quarter results that beat estimates but expects a weak third quarter and narrowed its full-year earnings outlook. The discount variety store operator, which includes Dollar Tree and Family Dollar stores, cited several issues weighing on margins, including “elevated shrink,” the industry’s term for retail theft. Dollar Tree’s shares fell more than… Continue reading Dollar Tree Eyes Higher-Income Shoppers, Q2 Sales Rise
Petco Cites Consumer Spending Pressures, Cuts 2023 Guidance
Petco Health and Wellness (WOOF) beat revenue and met earnings expectations for the second quarter but said that a shift in consumer spending and pressures on its discretionary business led it to issue a full-year profit warning. The pet supply retailer’s stock fell on the news by over 15% at the start of the today’s… Continue reading Petco Cites Consumer Spending Pressures, Cuts 2023 Guidance
The 2023 stock market rally is over as the Fed isn’t easing anytime soon and a hard landing of the economy is inevitable, JPMorgan’s chief stock strategist says
The rally in the S&P 500 is capped through the rest of the year, JPMorgan’s Dubravko Lakos said. That’s because there are a litany of negative factors heading into 2024 that will weigh on equities. The strength of the US economy has only postponed a coming recession, not averted one, he added. Loading Something is… Continue reading The 2023 stock market rally is over as the Fed isn’t easing anytime soon and a hard landing of the economy is inevitable, JPMorgan’s chief stock strategist says
The housing market will be stuck in a rut for a long time even if the US avoids a recession, Fannie Mae says
The downturn in the US housing market isn’t ending anytime soon, Fannie Mae warned. That’s because mortgage rates are set to stay elevated if the US avoids a recession. Even if the US does tip into recession, tight financial conditions will still weigh on home sales. Loading Something is loading. Thanks for signing up! Access… Continue reading The housing market will be stuck in a rut for a long time even if the US avoids a recession, Fannie Mae says
A ‘drop the mic’ moment: Here’s how Wall Street is reacting to Nvidia’s stunning 2nd-quarter earnings results
Nvidia’s blockbuster second-quarter earnings and third-quarter guidance blew away Wall Street’s expectations. “This AI demand story is as REAL as any tech trend we have seen in the last 30 years only comparable to the Internet in 1995 and Apple’s iPhone launch in 2007,” Wedbush said. Here’s how Wall Street is reacting to Nvidia’s stunning… Continue reading A ‘drop the mic’ moment: Here’s how Wall Street is reacting to Nvidia’s stunning 2nd-quarter earnings results
Advance Auto Parts Updates Guidance As Profits Fall
Advance Auto Parts’ (AAP) second-quarter revenue rose slightly but earnings sank as price increases could not offset higher product costs and supply chain deleverage. For the quarter ended July 15, Advance reported net sales growth of 0.8% to $2.7 billion, which beat analysts’ expectations, and diluted earnings per share down 39.9% to $1.43, which missed… Continue reading Advance Auto Parts Updates Guidance As Profits Fall
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