huang, Eric

Jack Daniel’s Parent Tops S&P 500: Stronger-Than-Expected Results

Earnings / Leave a Comment

Key Takeaways: Brown-Forman, owner of Jack Daniel’s whiskey, was the S&P 500’s best-performing company on Thursday. The alcohol maker reported fiscal second-quarter revenue of $1.11 billion, down 1% year-over-year but above the analyst consensus from Visible Alpha. Net income was $242 million, or 50 cents per share, compared to $258 million or 55 cents per […]

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Nissan and Honda Consider Merger, Stock Prices React

Companies / Leave a Comment

Nissan and Honda have publicly acknowledged the possibility of a merger, sparking significant interest in the automotive sector. According to a statement from Nissan and various media reports, the two companies have been in discussions regarding a potential merger for months, although no final decisions have been made. Nissan shares experienced a dramatic increase of

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Rocket Pharmaceuticals Stock Surges as Jefferies Initiates ‘Buy’ Coverage

Markets / Leave a Comment

Jefferies has initiated a ‘buy’ rating on Rocket Pharmaceuticals. The biotech firm’s experimental gene therapies are the basis for this rating. Jefferies also set a price target of $29. The analysts are optimistic about Rocket’s treatment for a rare genetic heart condition, which they believe could be a $1 billion opportunity for the company. Shares

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Kamala Harris’s Economic Plan: Impacts and Details

Government And Policy / Leave a Comment

Kamala Harris, as Vice President and presidential candidate, has outlined an economic plan that targets the reduction of living costs for middle and working-class families, fosters economic growth in underserved areas, and bolsters social service programs. Her plan, while sharing similarities with Bidenomics, also presents distinct differences. Key aspects of Harris’s economic strategy include tax

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North Myrtle Beach: South Carolina’s Ultimate Retirement Haven

Retirement / Leave a Comment

Imagine retiring to a place where the ocean air greets you every morning. North Myrtle Beach, South Carolina, could be that ideal destination. With 38.6% of its population over 65 years old and an average age of 60.2, it’s a retirement hotspot. Unlike its more commercial counterpart, Myrtle Beach, North Myrtle Beach offers a quieter,

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Annual Equivalent Rate (AER): Definition, Formula, and Examples

Savings Accounts / Leave a Comment

What is the Annual Equivalent Rate (AER)? The AER is the interest rate for a savings account or investment product with multiple compounding periods. It’s calculated assuming interest paid is included in the principal balance, and the next interest payment is based on the slightly higher account balance. Key Takeaways: The AER is the actual

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