|
 President Donald Trump on Wednesday backed away from a proposal to tax capital gains indexed for inflation. His comment to reporters came a day after he said he was considering the move among other proposals to stimulate the economy. "I'm not looking to do that," since it's for higher-earning Americans, he said before departing the White House for a speech in Kentucky.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
 Wall Street's main indexes rose about 1%
on Wednesday, as upbeat earnings from retailers Lowe's and
Target reinforced confidence in consumer demand, while investors
awaited the release of the Fed minutes for further clues on the
path of interest rate cuts.
|
|
Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year. In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The contract had settled flat at $1,515.70 an ounce on Comex, ahead of the news.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
 A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
|
RELATED ARTICLES | | |
|
 Gold futures inch lower on Thursday as strength in the stock market dulls investor interest in the metal, ahead of the publication of minutes of the Fed's July 30-31 meeting which could provide a catalyst gold prices.
|
RELATED ARTICLES | | |
|
 Target is soaring, up roughly 20% after a surprising earnings report. lowe's also jumped after beating forecasts.
|
RELATED ARTICLES | | |
|
Shares of Target Corp. rocketed 18.2% in morning trading Wednesday, which puts them on track for the biggest one-day gain in its history, after the retailer reported better-than-expected fiscal second-quarter results and raised its outlook. The stock was trading well above the Sept. 10, 2018 record close of $89.26 and all-time intraday high of $90.39. The stock's percentage gain would be bigger than the current record rally of 17.8% on Oct. 28, 2008. Target went public in October 1968. The current price gain of $15.61 is adding about $8 billion to the retailer's market capitalization, which would lift the market cap to about $51.9 billion. That's still well below the market cap of rival Walmart Inc. of $323.1 billion. Target's stock has gained 2.7% over the past 22% over the past months, while Walmart shares have advanced 18% and the Dow Jones Industrial Average has tacked on 1.5%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
The world's No. 1 cryptocurrency, bitcoin, has enjoyed a very loose relationship with other assets during its brief history, but that could be changing a recent chart shows.
|
RELATED ARTICLES | | |
|
Booking Holdings' stock has largely traded sideways since early 2017 despite the company reporting revenue growth of nearly 20% since 2016. Trefis analyzed the operational performance of Booking Holdings over recent years to understand the reasons for this inconsistency, and determined that...
|
|
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
|
|
Names on the move ahead of the open.
|
|
Minneapolis Fed President Neel Kashkari, in an op-ed in the Financial Times, said that the central bank should not only cut interest rates in September but also use forward guidance. "At a minimum, we should commit to not raising rates again until core inflation returns to our 2% target on a sustained basis," Kashkari wrote. Kashkari rotates onto the Federal Open Market Committee next year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Stifel analysts think Estee Lauder Cos.'s growth is sustainable thanks to increasing use of beauty products, "trade-up" to luxury beauty brands, and growing access to Estée Lauder merchandise, notably online in China. Estée Lauder brands include La Mer, the namesake brand, and MAC, which all grew in the most recent quarter. Geographically, China was strong. "Notably, the tensions in Hong Kong, ~4% of sales, have not had a significant effect on Estée Lauder's business," analysts wrote. "Management noted that it is working to recover part of the tourist revenue in other markets and to reach those consumers online, as well as reaching the local consumer through target marketing and product innovation." Stifel rates Estée Lauder stock buy with a $210 price target, up from $205. Raymond James also raised its price target, to $216 from $181. Analysts there rate Estée Lauder stock outperform. And Wells Fargo lifted its price target to $190 from $175, with a market perform stock rating. Estée Lauder stock has gained 55.4% for the year to date while the S&P 500 index is up 16.6% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Is the case method, one of the most used teaching methodologies at Harvard Business School and elsewhere, showing its age? asks James Heskett.
|
|
Private Label