Target posts strongest sales growth in years: Is growth back for good?

Shares of TGT rose on Wednesday after the retailer reported stronger-than-expected quarterly earnings and raised its full-year sales outlook, signaling that its turnaround strategy is beginning to gain traction despite ongoing macroeconomic uncertainty. Target stock gained about 1.5% in premarket trading to $129.18 after the company posted first-quarter adjusted earnings of $1.71 per share on… Continue reading Target posts strongest sales growth in years: Is growth back for good?

Cava stock jumps 9% after earnings beat as analysts raise price targets

Shares of CAVA Group jumped 9% in premarket trading on Wednesday after the Mediterranean fast-casual chain posted stronger-than-expected first-quarter 2026 results and raised its full-year outlook, reinforcing investor confidence in the company’s growth trajectory. The company reported revenue of about $434 million to $438 million for the quarter, representing a 32.2% increase from the same… Continue reading Cava stock jumps 9% after earnings beat as analysts raise price targets

Intel snaps losing streak as semis rally ahead of Nvidia earnings

Semiconductor stocks advanced in premarket trading on Wednesday as investors positioned for Nvidia’s closely watched first-quarter earnings report, with Intel leading gains after snapping a sharp five-day losing streak. Intel (INTC) shares rose more than 4% before the opening bell, following a 2.4% gain on Tuesday that ended a five-session slide during which the shares… Continue reading Intel snaps losing streak as semis rally ahead of Nvidia earnings

UK shares edge higher as softer inflation eases rate hike concerns

UK shares traded slightly higher on Wednesday after softer-than-expected inflation data for April eased investor concerns over aggressive interest rate hikes, although some analysts warned the relief may prove temporary. The blue-chip FTSE 100 gained 0.13% by 10:40 am GMT, while the midcap FTSE 250 rose 0.29%. The gains came after fresh data showed consumer… Continue reading UK shares edge higher as softer inflation eases rate hike concerns

AI financing fuels record US convertible bond boom

Corporate America is turning to the convertible bond market at a record pace as artificial intelligence-related companies fuel strong demand for debt instruments that can later convert into equity. US convertible bond issuance reached around $34 billion during the first four months of 2026, according to data from Bank of America Global Research and Barclays… Continue reading AI financing fuels record US convertible bond boom

Dow futures rise 75 points: 5 things to know before market opens

US stock-index futures edged higher on Wednesday as chipmakers steadied before Nvidia’s results, a release set to test whether Wall Street’s AI trade still has room to run. The move came after a bond-driven selloff pressured equities, with the 10-year Treasury yield easing from a 16-month high hit in the previous session. Oil also slipped… Continue reading Dow futures rise 75 points: 5 things to know before market opens

Here’s why the Tesco share price is falling today (May 20)

Tesco share price retreated by over 2% on Wednesday, before paring back some of the losses as the UK government pushed retailers to cap price increases amid the ongoing Iran war. It slipped to 443p, its lowest level since February 4, and 10.85% below its highest point this year. UK government pushes retailers to limit… Continue reading Here’s why the Tesco share price is falling today (May 20)

USD/ZAR forecast: rand outlook as South African inflation jumps to 4%

The USD/ZAR exchange rate remained in a narrow range this month, even as the US Dollar Index (DXY) continued its strong rally. This consolidation may end soon as South Africa’s inflation rises and a carry-trade opportunity emerges amid rising Fed and SARB divergence. South African rand in focus as inflation jumps A report by South… Continue reading USD/ZAR forecast: rand outlook as South African inflation jumps to 4%