Kellogg Co. reported fourth-quarter earnings and sales that beat expectations despite a worker strike, a plant fire and broader shortages and disruptions impacting many consumer companies. Still, the cereal and snack company was downgraded to underweight from neutral at JPMorgan. Analysts cut their price target for Kellogg K, +0.96% to $57 from $64. “There’s still
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When you pay off a loan in equal installments, the calculation that is used to figure out what you owe the lender is called amortization. To ensure that the lender gets as much of your money up front as possible, loans are structured so that you pay off more of the interest owed early in
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Earnings season continues, and while there have been some notable high profile misses for the fourth and final quarter of 2021, FactSet reports that with 56% of S&P 500 companies having issued earnings reports, 76% announced a positive earnings per share (EPS) surprise and 77% reported a positive revenue surprise. Also, the blended earnings growth
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Just as tax season heats up, inflation data shows the economy still running hot. On Thursday morning, Consumer Price Index data from the Labor Department showed a 0.6% increase month over month on the January prices people paid for everyday goods. That’s a 7.5% increase year over year, topping Wall Street expectations. This pace of
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In this article ON SNAP RIOT SPOT LYFT Reuters Investors kicked off 2022 in a swirl of uncertainty, including the Federal Reserve’s move to tighten monetary policy, rising inflation and tension between Russia and Ukraine. Indeed, these factors so unsettled the market, the major indexes ended the prior week firmly in negative territory. Finding long-term
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Digital World Acquisition Group (NASDAQ:DWAC) is likely to fall shortly after the SPAC (special purpose acquisition corp) merger with Trump Media & Technology Group (TMTG) closes. DWAC stock is at an exorbitantly high valuation, especially considering its potential earnings and dilution issues. Source: rafapress / Shutterstock This is way too high for a company that
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Wire transfers offer a way to send money electronically from one person or entity to another. It’s possible to wire money between banks in the U.S. as well as international financial institutions and non-bank money transfer providers. A wire transfer may be preferable for situations in which you need to move larger amounts of money
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In this article ACB-CA EXPE ZG NWL ZEN UAA Check out the companies making headlines before the bell: Under Armour (UAA) – The athletic apparel maker reported an adjusted quarterly profit of 14 cents per share, doubling consensus estimates, with better-than-expected revenue. Under Armour saw strong demand for its athletic wear and was also helped
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If you’re going to buy a home, you’ll likely need a mortgage. It will probably be the biggest loan you’ve ever taken out—and getting it wrong can be a mistake that will cost you for years. So getting it right means educating yourself. Start by checking our mortgage rates tables, which are updated on a daily
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