London's Push to Ease Share-Sale Rules Poses Conundrum for Banks
The UK's Financial Conduct Authority this week finalized plans that will require listed companies to produce a prospectus only if they are raising 75% or more of existing share capital, up from 20%. London-listed companies have raised nearly $3 billion so far this year via capital increases.
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Why Investors Include Target Corporation (TGT) in Their Portfolio of Retirement Dividend Stocks
Target Corporation (NYSE:TGT) is included among the 10 Best Dividend Stocks to Buy for Retirement. A woman purchasing groceries at a Target store, with a cart full of products. Target Corporation (NYSE:TGT) is an American retailer known for its chain of discount department stores and hypermarkets. The company has been making strides in several critical areas. Efforts to manage costs effectively have contributed to a 19% year-over-year increase in operating income. It continues to excel in its omnichannel strategy, with digital comparable sales rising 4.7% in the first quarter and same-day delivery sales through its membership program growing by 35%. To enhance efficiency and responsiveness, management has launched a new enterprise acceleration office aimed at using technology and data to boost connectivity and agility across the organization. This initiative is designed to improve operational speed and functionality, further strengthening Target Corporation (NYSE:TGT)'s digital capabilities. In addition, Target Corporation (NYSE:TGT) is also grabbing investors' attention due to its consistent dividend policy. In June this year, the company declared a 2% hike in its quarterly dividend to $1.14 per share. Through this increase, the company stretched its dividend growth streak to 54 years, which makes it one of the best dividend stocks for retirement. The stock has a dividend yield of 4.42%, as of July 30. While we acknowledge the potential of TGT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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18 minutes ago
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Asian Stocks Decline on Tariffs, Dollar Edges Up: Markets Wrap
(Bloomberg) -- Asian stocks fell for a sixth straight session — the longest losing streak this year — as President Donald Trump announced new tariff rates and solid earnings from megacap tech firms failed to lift sentiment. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival We Should All Be Biking Along the Beach Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus The MSCI Asia Pacific Index dropped 0.6% as South Korean shares sank 3%. Contracts for the S&P 500 and European stocks fell 0.2%. Trump announced a slew of new tariffs, including a 10% global minimum and 15% or higher duties for countries with trade surpluses with the US. The dollar edged higher Friday after posting its first monthly gain since Trump took office in January. The Taiwan dollar fell for a seventh consecutive day, the longest losing streak since June 2023, as the island got a 20% tariff rate. The Swiss franc edged lower after Trump put a 39% levy on the country's exports to the US. The moves signaled that concerns over tariffs and economic growth were starting to outweigh the AI-driven optimism that has buoyed megacap tech stocks. While artificial intelligence remains a pillar of long-term bullishness, investors are bracing for potential trade disruptions as the US and key partners weigh new levies. 'The announcement brings clarity on paper, but uncertainty in practice,' said Charu Chanana, chief investment strategist at Saxo Markets. 'While markets now know the numbers, the lack of a clear framework behind these tariffs — and the seemingly arbitrary rates — only reinforces the sense of policy unpredictability. This makes it harder for businesses and investors to plan ahead.' The White House issued a statement just hours before midnight, the deadline Trump set last month after pausing his country-based tariffs for a second time to allow for negotiations. It was unclear exactly when the new rates would take effect. Markets Live Strategist Garfield Reynolds says: We're now officially entering the era of substantial barriers to trade. The impact will hurt global trade and growth, and that's likely to bring equities down from their recent peaks. Lingering uncertainty will also weigh on corporate decision-making, further chilling growth. While most of the levies just announced are lower than the extremes flagged on April 2, there's a lack of rationale for many of the rates set that will add to the air of policy volatility. Some of the tariffs were expected, such as a 25% levy on Indian exports. Others included charges of 20% on Taiwanese products, 39% on Swiss goods and 30% on South African products. Thailand and Cambodia, two countries that were said to have struck a last-minute deal, received a 19% duty. Taiwan and the US haven't yet held a summary meeting due to scheduling conflicts and the tariff rate of 20% is temporary, according to a statement from Taiwan's cabinet. Taiwan will work to reach an agreement with the US as soon as possible to seek a further reduction in reciprocal tariffs. Read the Full List of US Tariff Rates on Global Trading Partners US stocks fell Thursday, erasing an initial advance on tech earnings that sent Microsoft Corp. above $4 trillion in market value. Apple Inc. shares rose in after-market trading following a sales beat, while those for Inc. fell as its outlook underwhelmed. Meanwhile, Trump sent letters to 17 of the largest pharmaceutical companies in a bid to lower prices, weakening their shares Thursday. Trump is also asking bank chief executive officers for their pitches on monetizing mortgage giants Fannie Mae and Freddie Mac, including a major public offering of stock, according to people familiar with the matter. The market's attention will soon turn to Friday's jobs report for July, which is forecast to show companies are becoming more deliberate in their hiring. Employment likely moderated after a June increase, while the unemployment rate is seen ticking up to 4.2%. In the run-up, the Fed's preferred measure of underlying inflation accelerated in June to one of the fastest paces this year while consumer spending barely rose, underscoring the dueling forces dividing policymakers over the path of rates. The core personal consumption expenditures price index rose 0.3% from May. It advanced 2.8% on an annual basis, a pickup from June 2024 that underscores limited progress on taming inflation in the past year. The data also showed inflation-adjusted consumer spending edged up last month. Corporate Highlights: Apple Inc. reported its fastest quarterly revenue growth in more than three years, easily topping Wall Street estimates. Inc. dropped in late trading after projecting weaker-than-expected operating income. Tokyo Electron Ltd. shares dived 18% — the most in nearly a year — after the chip tool maker slashed its full-year earnings outlook. Oversea-Chinese Banking Corp.'s second-quarter profit topped estimates thanks to a fee jump. Shein Group Ltd.'s net income rose to over $400 million and revenue was almost $10 billion in the first quarter as consumers snapped up the fast-fashion retailer's products ahead of US tariffs. Asian pharmaceutical companies that sell products in the US slid after Trump demanded drug companies lower US prices. Some of the main moves in markets: Stocks S&P 500 futures fell 0.2% as of 10:54 a.m. Tokyo time Japan's Topix rose 0.4% Australia's S&P/ASX 200 fell 0.8% Hong Kong's Hang Seng was little changed The Shanghai Composite fell 0.1% Euro Stoxx 50 futures fell 0.2% Currencies The Bloomberg Dollar Spot Index rose 0.1% The euro was little changed at $1.1406 The Japanese yen was little changed at 150.90 per dollar The offshore yuan fell 0.2% to 7.2202 per dollar Cryptocurrencies Bitcoin fell 1% to $115,321.97 Ether fell 1.3% to $3,684.9 Bonds The yield on 10-year Treasuries was little changed at 4.38% Japan's 10-year yield was little changed at 1.540% Australia's 10-year yield advanced five basis points to 4.31% Commodities West Texas Intermediate crude was little changed Spot gold fell 0.2% to $3,282.52 an ounce This story was produced with the assistance of Bloomberg Automation. --With assistance from Winnie Hsu and Richard Henderson. 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Washington Post
20 minutes ago
- Washington Post
Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7
WASHINGTON — For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place . It was an ironclad deadline, administration officials assured the public. But when Trump signed the order Thursday night imposing new tariffs on 68 countries and the European Union, the start date of the punishing import taxes was pushed back seven days so that the tariff schedule could be updated. The change — while potentially welcome news to countries that had not yet reached a deal with the U.S. — injected a new dose of uncertainty for consumers and businesses still wondering what's going to happen and when.
