With the decline of stimulus-driven spending and persistently high interest rates, the Retail – Discount Stores industry finds itself at a pivotal juncture. Inflationary pressures are causing consumers to be more judicious with their disposable income, affecting various merchandise categories and creating hurdles for retailers. The drop in U.S. consumer sentiment in June signals further potential challenges as decreased consumer confidence could lead to reduced spending, exacerbating the industry's struggle ...

Firm's largest ever fundraise closes on $5.6 billion in commitments from a diverse international investor baseFund closing surpasses predecessor by more than 40%CONSHOHOCKEN, Pa., June 18, 2024 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced the final closing of Hamilton Lane Secondary Fund VI ("the Fund" or "Fund VI") with $5.6 billion in commitments, marking the largest fundraise in the firm's history.Fund VI materially exceeded its original ...

Key Takeaways Bank of America raised its price target on Micron Technology, which it called its top pick among U.S. memory chipmakers. BofA pointed to rising demand for more artificial intelligence (AI)-powered PCs for the optimism about Micron. The researchers also lifted their outlook for Micron's sales and earnings per share. Shares of Micron Technology (MU) traded at an intraday record Monday after Bank of America raised its price target, saying the chipmaker will benefit from the booming demand for art ...

MINNEAPOLIS, June 14, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced voting results from its 2024 Annual Meeting of Shareholders held on June 12, 2024 ("Annual Meeting"). Shareholders elected all 12 nominees for the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the advisory "Say on Pay" management proposal, and rejected five shareholder proposals.The Carideo Group, the independent Inspector of Election, has certified all ...

Target reportedly lost market share in several of its key product categories in the first quarter.The retailer’s share shrank in food and household goods, clothing, electronics, homewares and furniture — categories that collectively account for 60% of its revenue, Reuters reported Friday (June 14), citing data from market research firm GlobalData.In addition, Target’s purchase rates and average spending per shopper have dropped, the report said, pointing to data from online shopping tracker PriceSpider.A Ta ...

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NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Target Hospitality Corp. (“Target Hospitality” or the “Company”) (NASDAQ: TH). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Target Hospitality and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the cla ...

Target Corporation (TGT) announced a quarterly dividend increase, reflecting the company's ongoing commitment to returning value to its shareholders. It declared a dividend of $1.12 per common share, marking a 1.8% increase from the previous level of $1.10. This dividend is set to be paid on Sep 10, 2024, to shareholders of record at the close of business on Aug 21.This announcement highlights Target's consistent dividend growth, underscoring its financial stability and shareholder-centric approach. The thi ...

SBTi validation further supports Carrier's decarbonization leadershipPALM BEACH GARDENS, Fla., June 13, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced its ambitious greenhouse gas emission reduction goals, including a target to reach net-zero greenhouse gas emissions by 2050, have been validated by the Science Based Targets initiative (SBTi). A corporate climate action organization, SBTi enables companies and financial ...

Loading...Loading...Ark Invest CEO and founder Cathie Wood may be best known for her 2018 price prediction on Tesla Inc TSLA shares. The price prediction was heavily scrutinized but came true years later and helped boost the profile of Wood and the price of many Ark Invest ETFs.Wood and Ark are back with an updated Tesla price prediction that revolves heavily on the company's autonomous vehicle ambitions.What Happened: In 2023, Ark Invest set a price target of $2,000 for Tesla for 2027. Then on Wednesday, t ...