Costco Wholesale (COST -0.52%) has been a top retail stock to own in recent years. The company has been able to generate fantastic results amid challenging economic conditions, proving to be a versatile and adaptable business. That has pushed the stock to new heights and it is valued so highly it now trades at more than 50 times its trailing earnings. But could the stock have finally hit a peak? The company’s sales have been slowing down and one number in particular may suggest that investors should be thinking twice about Costco’s high valuation, and whether it’s still a good…
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BEIJING (Reuters) – China’s finance ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the flagging economy and achieving the government’s growth target, though it did not disclose the size of the new measures.The ministry said at a press conference that it would “significantly” increase government debt issuance to provide subsidies to low-income households, support the property market, and replenish state banks’ capital as part of efforts to jumpstart economic growth.The much-anticipated briefing comes after the central bank and other regulators in late September announced the most aggressive monetary stimulus measures since COVID-19, including steps to revive the…
A SpaceX Falcon 9 rocket lifts off from launch complex-40 carrying the European Space Agency Hera spacecraft on a mission to the asteroid Dimorphos, at the Cape Canaveral Space Force Station, in Cape Canaveral, Florida, U.S., October 7, 2024.Steve Nesius | ReutersThe Federal Aviation Administration said on Friday it had approved the return to flight of the SpaceX Falcon 9 vehicle after it reviewed and accepted the SpaceX-led investigation findings and corrective actions for the mishap that occurred Sept. 28.The FAA on Sept. 30 said SpaceX had to investigate why the second stage of its Falcon 9 malfunctioned after a…
Image source: Getty Images Despite rising more than 650% over two years, I reckon the Rolls-Royce (LSE: RR) share price may go higher still over time. The business has a skill-base and engineering prowess built over decades. In that sense, it has a technical and economic advantage in the markets it targets. An exciting new business line On top of its strongly-performing divisions in civil aerospace, defence and power systems, the company’s making strides entering the new market of Small Modular Reactors (SMRs). In August’s half-year results report, the company said it has completed step-two of the Generic Design Assessment…
Investing.com — A declining working age population, once thought to be isolated to the East where Japan and South Korea have fought the economic toll of a diminishing labor pool for decades, has now washed up on Europe’s shores, causing significant concern. But just how big of a problem is Europe’s declining working age population? “The working age population in the euro area is projected to fall by 6.4% by 2040,” Morgan Stanley in its Future of Europe Bluepaper published Oct. 9, estimating a 4% hit to euro area GDP by 2040. As a country or region’s working age population…
Investing.com — Whitestone REIT (NYSE:) “will carefully consider” the $15-per-share offer officially made by MCB Real Estate earlier this week, which values the shopping mall operator at around $1.45 billion, the company told Investing.com exclusively. “As a fiduciary, our Board will carefully consider the proposal we received from MCB Real Estate to determine if it is in the best interests of our company and shareholders,” the company added. “We will continue to stay focused on executing our long-term value creation strategy throughout the evaluation process.” But as WSR evaluates MCB’s sweetened proposal, the debate about the company’s near and mid-term outlook, as…
Image source: Getty Images Volatility has been a recurring stock market theme over the last couple of years. First the pandemic came along, followed by inflation. Today, economic conditions are improving. Yet higher interest rates, political uncertainty, and international conflicts are keeping investors on edge. However, while navigating volatile markets can be frustrating, it also can create some exciting opportunities. And if executed correctly, investors can use these price fluctuations to supercharge their long-term returns. Capitalise, diversify, defend In the short term, stock markets can be pretty erratic. Investors panicking to protect their wealth often send stocks into the gutter,…
The mutual fund industry in India has witnessed remarkable growth over the past decade, transforming into one of the fastest-growing markets globally. The industry is experiencing significant increase in investor participation, driven by rising financial literacy, digital penetration, and the growing popularity of systematic investment plans (SIPs). Last 10 years has seen emergence of Index Funds and ETFs in India. From a 2% of overall AUM in 2014, it has grown to over 17% in June 2024 (with total AUM greater than 10,00,000 crores). This rapid expansion has prompted Asset Management Companies (AMCs) to innovate and introduce new strategies to…
BEIJING (Reuters) – China’s finance ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the flagging economy and achieving the government’s growth target, though it did not disclose the size of the new measures. The ministry said at a press conference that it would “significantly” increase government debt issuance to provide subsidies to low-income households, support the property market, and replenish state banks’ capital as part of efforts to jumpstart economic growth. The much-anticipated briefing comes after the central bank and other regulators in late September announced the most aggressive monetary stimulus measures since COVID-19, including steps to…
By Samuel Shen, Ankur Banerjee and Tom WestbrookSHANGHAI/SINGAPORE (Reuters) – China’s highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable details that investors need to ratify their recent return to the world’s second-biggest stock market.Saturday’s news conference by Finance Minister Lan Foan reiterated Beijing’s broad plans to revive the ailing economy, with promises made on significant increases to government debt and support for consumers and the property sector.But for investors who were hoping to hear authorities spell out exactly how much the government will throw at the crisis, the briefing was…