As the fiscal bulwark of a young democracy, South Africa’s revenue service was renowned as one of the continent’s most effective tax gatherers. Yet after several meetings with then-president Jacob Zuma, management consultant Bain & Co won major work to restructure it from the ground up. As a result, it has this month been criticised
For the 55 calendar years from 1965 through 2019, Berkshire Hathaway’s stock rose at an 18.6% annualized pace, versus 11.8% for the S&P 500 SPX, -0.82% . (Both returns reflect reinvested dividends.) Warren Buffett can take credit for this, and he appears to be very much in charge of Berkshire. But, given that he just
Clean-energy stocks and exchange-traded funds are on a tear this year, sharply outperforming the broader market and traditional fossil-fuel investments. The clean-tech ETFs with the most powerful year-to-date rallies include Invesco Solar ETF TAN, -2.75%, up 81% through Thursday; First Trust NASDAQ Clean Edge Green Energy Index Fund QCLN, -1.84%, up 58%; and iShares Global
Two proposed rulemakings from the Labor Department in the past eight weeks would largely gut sustainable investing options and strategies in retirement plans. These proposals would reverse the Labor Department’s 2015 and 2016 guidance while ignoring the growing consensus among academics, retirement plan fiduciaries and professional money managers that responsible companies are likely to outperform
Vanguard Wellesley Income Fund celebrated its 50th birthday in July. A mutual fund being in business that long has become about as rare as couples reaching their 50th wedding anniversary, and so the fund’s longevity is noteworthy in its own right. But, by analyzing this mutual fund’s performance, we can draw important investment lessons for
A century after winning the right to vote and in the midst of a pandemic, female fund managers are outperforming their male colleagues on Wall Street. That is according to a team of equity strategists at Goldman Sachs, who crunched the numbers in honor of 2020, which marks the 100th anniversary of the 19th amendment’s
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike Inc., and KB Home. DuPont DD, -1.30% : The chemical company late Thursday cut its second-quarter and full year profit outlook due to worse-than-expected performance of its agriculture unit. Shares fell 1.9% in extended
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Bed Bath & Beyond Inc., GoPro Inc., and Nike Inc. After Wednesday’s closing bell, Bed Bath & Beyond BBBY, +0.93% reported quarterly earnings that fell short of analysts’ estimate. Shares fell 5.7% in after hours.
NEW YORK (MarketWatch) — A spurt of acquisition announcements or talk of deals involving Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may set those shares up for active trading in Monday’s session. Wisconsin Energy Corp. WEC, +1.71% said it would buy Integrys Energy Group Inc. US:TEG in a cash-and-stock purchase valued at $9.1
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Oracle Corp., Smith & Wesson Holding Corp., and Family Dollar Stores Inc. After Thursday’s closing bell, Oracle ORCL, -0.80% said its fiscal fourth-quarter profit fell to $3.65 billion from $3.81 billion a year earlier. Per-share earnings
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are BlackBerry Ltd., Oracle Corp., and Kroger Co. BlackBerry US:BBRY BB, -5.75% is projected to report a loss of 27 cents a share in the first quarter, according to a consensus survey by FactSet. The Canadian
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are FedEx Corp., Jabil Circuit Inc., and Red Hat Inc. FedEx FDX, -0.38% is projected to post fourth-quarter earnings of $2.36 a share, according to a consensus survey by FactSet. Analysts at Nomura said they will look
MADRID (MarketWatch) — Among the companies whose shares are expected to see active trading in Monday’s session are Medtronic Inc. and Covidien PLC , as well as Layne Christensen Co. Medtronic MDT, +0.10% announced a deal on Sunday to buy Ireland-based Covidien PLC US:COV in a $42.9 billion cash-and-stock deal. Layne Christensen US:LAYN is
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trading in Friday’s session are Intel Corp. and Finisar Corp. After Thursday’s closing bell, Intel INTC, -0.86% said it is raising its second-quarter revenue outlook on improving PC demand. Intel now expects sales for the current quarter at $13.7 billion, plus
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, -2.74% is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance