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President-Elect Donald Trump Could Enact Tariffs on Chinese Imports in 2025. Here's Why That Could Hurt Dollar Tree More Than Dollar General Next Year.
The Motley Fool· 2024-12-14 09:56
Core Viewpoint - The potential increase in import tariffs on Chinese goods proposed by President-elect Trump could significantly impact discount retail companies, particularly Dollar Tree, which imports a larger percentage of its products from China compared to Dollar General [1][10]. Company Analysis - Dollar Tree has approximately 8,900 locations and over 7,700 Family Dollar locations, while Dollar General operates more than 20,500 locations [3]. - Dollar Tree imports between 41% and 43% of its products from China, whereas Dollar General only imports about 4% [10]. - The proposed 10% tariff on Chinese imports would increase the cost of goods, leading Dollar Tree to face tough pricing decisions for nearly half of its inventory [6][11]. - Dollar General may not face immediate issues but could experience second-order impacts due to price increases from name-brand products that it stocks [12]. Market Implications - The discount retail sector is concerned about profit margins being squeezed due to the tariffs, as companies may have to raise prices or absorb costs [2][7]. - Historical context shows that previous import tariffs during Trump's first term had little impact on the gross and operating margins of both Dollar Tree and Dollar General [13][14]. - Dollar Tree's gross profit margin is 30.32%, while Dollar General's is slightly higher at 31.56% [14].
General Motors Scraps Cruise, Alphabet's Waymo A Big Part Of The Reason Why
Seeking Alpha· 2024-12-14 00:41
General Motors (NYSE: GM ) has reportedly spent about $10 billion on San Francisco-based Cruise since buying the start up in 2016, including investments to develop robotaxi operations. With the announcement that GM is dropping out of the global robotaxi business, the automaker said itI am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books an ...
Cramer's week ahead: Fed decision and earnings from General Mills, Darden and Nike
CNBC· 2024-12-13 23:33
Group 1: Federal Reserve and Economic Indicators - The Federal Reserve is expected to cut interest rates by a quarter percent during its meeting on Wednesday, which may distract investors from long-term performance [3] - Retail sales numbers will be released on Tuesday, leading to debates on consumer behavior during the shortened timeframe between Thanksgiving and Christmas [2] - The personal consumption expenditures index will be published on Friday, with potential negative discussions if the number is high [5] Group 2: Company Earnings and Performance - Earnings reports from General Mills, Micron, and Lennar are anticipated on Wednesday, with concerns about General Mills due to Robert F. Kennedy Jr.'s healthy-eating approach impacting profits [3] - Darden Restaurants, Nike, and FedEx will report earnings on Thursday, with Darden facing potential pushback on high prices and Nike needing more innovation to compete [4] - Carnival is expected to outperform Wall Street estimates, with cruises seen as a bullish sector within the S&P 500 [5] Group 3: Legal Developments - The trial between Qualcomm and Arm Holdings begins on Monday, with a potential victory for Arm Holdings threatening Qualcomm's license for key chips used in cellphones and laptops [1]
Enduro Metals Reports Voting Results at Annual General Meeting of Shareholders
Newsfile· 2024-12-13 23:00
Core Points - Enduro Metals Corporation held its annual general meeting of shareholders on December 13, 2024, in Kelowna, British Columbia, where key decisions were made regarding the company's governance and operational plans [2][3]. Governance Decisions - Shareholders fixed the number of directors at five and re-elected Cole Evans, Susanne Hermans, David Watkins, Lawrence Roulston, and Maurizio Napoli for the upcoming year [3]. - The re-appointment of Manning Elliot LLP as auditors for the next year was approved, along with authorization for the board to determine the auditor's remuneration [4]. Equity Incentive Plan - The shareholders approved the Company's 10% rolling Equity Incentive Plan as detailed in the management information circular [4]. Company Overview - Enduro Metals is focused on its Newmont Lake Project, which spans a total area of 688 square kilometers located in British Columbia's Golden Triangle [6]. - The geological team has identified multiple deposit environments of interest, including high-grade epithermal/skarn gold and copper-gold alkalic porphyry mineralization [6].
District Reports Voting Results from its Annual General and Special Meeting of Shareholders
Newsfile· 2024-12-13 22:40
District Reports Voting Results from its Annual General and Special Meeting of ShareholdersDecember 13, 2024 5:40 PM EST | Source: District Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) ("District" or the "Company") is pleased to report the voting results for the Company's annual general and special meeting of shareholders (the "Meeting") held on December 12, 2024, in Vancouver, British Columbia.A to ...
Vext Announces Voting Results of Annual General Meeting
Newsfile· 2024-12-13 22:30
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) ("VEXT" or the "Company") a U.S.-based cannabis operator with vertical operations in Arizona and Ohio, today announced final voting results from its annual general meeting of shareholders held on December 13, 2024 in Vancouver, British Columbia (the "Meeting").The shareholders of the Company voted in favour of all matters included in the management information circular for the Meeting, demonstr ...
Newpath Resources Announces Annual General Meeting Mailing Update
Newsfile· 2024-12-13 22:07
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) ("Newpath" or the "Company") announces that it will hold its annual general meeting (the "Meeting") on January 10, 2025 at Suite 220, 333 Terminal Avenue, Vancouver, BC, V6A 4C1 at 10:00 a.m. (PST). Due to the ongoing Canada Post strike (the "Postal Strike"), the information circular and related materials (the "Meeting Materials") for the Meeting, are posted under the Company' ...
General Mills To Gain Strength From Rebound In Pet Segment And Stabilizing Retail Growth, Analyst Upgrades Stock
Benzinga· 2024-12-13 18:17
BofA Securities analyst Peter T. Galbo upgraded General Mills, Inc. GIS to Buy from Neutral, raising the price forecast to $80 from $78.The analyst suggests that General Mills is expected to return to organic sales growth at a faster and more sustainable rate compared to other center-store food peers.This growth will be driven by factors such as the re-acceleration in the Pet segment (specifically Blue Buffalo) and stabilization in North America Retail, as issues in the dough category are moving behind the ...
Wah Fu Education Group Ltd. to Hold Annual General Meeting on January 10, 2025
GlobeNewswire News Room· 2024-12-12 22:17
Beijing, China, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Wah Fu Education Group Ltd. (NASDAQ: WAFU, the “Company”) today announced that it will hold its Annual General Meeting (“AGM”), which will be held at L207b, Hesheng Fortune Plaza, No.13 Deshengmenwai Street Xicheng District, Beijing, China 100088, at 10:30 AM, Beijing Time, on January 10, 2025. Holders of record of the Company’s ordinary shares of par value US $0.01 each on the close of business on December 12, 2024, Eastern Standard Time (the “Record Date”) ...
FRNT Financial Reports Voting Results from Annual General and Special Meeting
Newsfile· 2024-12-12 22:00
FRNT Financial Reports Voting Results from Annual General and Special MeetingDecember 12, 2024 5:00 PM EST | Source: FRNT Financial Inc.Toronto, Ontario--(Newsfile Corp. - December 12, 2024) - FRNT Financial Inc. (TSXV: FRNT) (OTCQB: FRFLF) (FSE: XZ3) ("FRNT" or the "Company") is pleased to announce the voting results from the Company's Annual General and Special Meeting of the Shareholders (the "Meeting") held on December 12, 2024. A total of 21,849,481 common shares were voted, representing ...