ANZ may need to keep more profits in New Zealand

ANZ Bank says it may need to retain a higher proportion of its profits in New Zealand, as regulators on both sides of the Tasman take a tougher line on capital requirements, which are aimed at making banks more shock-proof. ANZ, which owns the largest bank in New Zealand, said it would be affected by an Australian Prudential Regulation Authority […]

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United Technologies beats profit estimates on airplane boom, lifts forecast

Corporate earnings may help stocks rally Bullseye Brief founder Adam Johnson on the recent market selloff and the release of third-quarter earnings. (Reuters) – United Technologies Corp reported a better-than-expected quarterly profit and raised its full-year profit forecast on Tuesday as it benefited from higher sales of aircraft parts, driven by record production at planemakers Boeing and Airbus. Continue Reading Below […]

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4 Reasons Marijuana Stock Profits Will Disappoint Investors

The marijuana industry is being reshaped before our eyes. In only 12 days, Canada will make history by becoming the first developed country in the world to legalize recreational marijuana. When that happens, consumer euphoria, along with domestic and foreign demand, should allow the legalized Canadian industry to bring in around $5 billion in added annual revenue. Based on the […]

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Brown-Forman posts higher profit in 1st quarter

Brown-Forman Corp. reported higher first-quarter net income Wednesday, fueled partly by strong overseas sales aimed at softening the short-term impact from tariffs. But the spirits company best known for its Jack Daniel's Tennessee Whiskey brand cautioned it's bracing for a period of uncertainty from trade disputes in some key markets. Continue Reading Below Sales surged in its top European markets […]

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