Sunday, 9 May 2021

EARNINGS SUMMARY: Details of Grainger (W.W.) Inc. Q1 Earnings Report

This couple retired at 38 in 1991 with $500,000 in savings. Here's how their investments have lasted over the years

Billy and Akaisha Kaderli feel like they have seen it all.

The couple retired in 1991 at the age of 38 after saving $500,000.

The former restaurateurs, now both 68, have watched as their money survived a series of booms and busts. After 30 years of retirement, their nest egg currently sits at $1 million.

The Kaderli's initially invested their money in a mix of index funds with a plan on maintaining an inexpensive lifestyle while living off their returns.

Check out this video to learn more about how the couple's retirement spending and lifestyle have changed over the years.

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CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

Core sector output up 6.8% in March

Coal, crude oil, refinery products and fertiliser segments recorded negative growth during the month under review

The output of eight core sectors grew by 6.8% in March, driven by base effect-led uptick in production of natural gas, steel, cement and electricity, official data showed on Friday.

The growth rate of the eight infrastructure sectors – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity – stood at (-) 8.6 per cent in March 2020.

According to the commerce and industry ministry data, production of natural gas, steel, cement and electricity jumped by 12.3%, 23%, 32.5% and 21.6% in March, as against (-) 15.1%, (-) 21.9%, (-) 25.1% and (-) 8.2% in March 2020, respectively.

Coal, crude oil, refinery products and fertiliser segments recorded negative growth during the month under review.

During 2020-21 (April-March), output of the eight sectors contracted by 7% as against a positive growth of 0.4% in 2019-20.

European Economics Preview: Germany, France GDP Data Due

Quarterly national accounts from Germany and France are due on Friday, headlining a busy day for the European economic news.

At 1.30 am ET, France’s Insee releases first quarter GDP data. The economy is forecast to grow 0.1 percent sequentially, in contrast to a 1.4 percent drop in the fourth quarter.

At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to grow 5 percent on year in April versus 5.7 percent in March.

At 2.45 am ET, France’s Insee publishes flash consumer prices, consumer spending and producer price data. Flash HICP inflation is seen at 1.4 percent in April, the same rate as seen in March.

At 3.00 am ET, Spain’s INE releases GDP and retail sales data. The economy is expected to shrink 0.5 percent sequentially, reversing the 16.4 percent growth in the fourth quarter.

At 4.00 am ET, Destatis publishes Germany’s GDP data for the first quarter. The economy is forecast to shrink 1.5 percent sequentially, reversing a 0.3 percent rise in the fourth quarter.

Also, Italy’s GDP data is due. The economy is expected to shrink 0.5 percent sequentially in the first quarter.

At 5.00 am ET, Eurostat releases Eurozone GDP, unemployment and flash consumer price data. Inflation is forecast to rise to 1.6 percent in April from 1.3 percent in March. The jobless rate is forecast to remain unchanged at 8.3 percent in March.

In the meantime, Italy’s Istat releases flash consumer price data for April. Economists forecast inflation to rise to 1 percent from 0.8 percent in March.

The Ian King Business Podcast: House prices jump, Barclays boost, and AstraZeneca profits up

Ian King speaks to Nationwide’s chief economist Robert Gardiner about a jump in house prices.

Plus, hear from The Times banking editor Katherine Griffiths about Barclays’ biggest quarterly profits in 13 years.

And Hannah Kuchler, the global pharmaceuticals correspondent for the Financial Times, joins the show to discuss drugmaker AstraZeneca’s sharp rise in profits – and it’s not because of the COVID-19 vaccine.

Despite major injury, Nuggets still confident they can continue to roll to NBA title

In the immediate aftermath of Jamal Murray’s season-ending injury, conventional wisdom suggested the Denver Nuggets’ season was essentially over.

Th Nuggets, who improved to 42-21 after their win over the Toronto Raptors on Thursday, had gone all-in on a championship this season when they acquired Aaron Gordon from the Orlando Magic at the trade deadline. And the Nuggets won the first seven games with him in the lineup.

Then Murray, who had a star turn during the NBA bubble last season in Orlando, suffered a season-ending ACL injury on April 12 against the Warriors. The trajectory changed for a team that was thought to have a legitimate title shot, and their fully-loaded bandwagon suddenly had plenty of space available.

The Nuggets have gone 8-1 since Murray’s injury. And those seemingly dashed title hopes don’t seem as far-fetched.

EARNINGS SUMMARY: Details of Grainger (W.W.) Inc. Q1 Earnings Report

Below are the earnings highlights for Grainger (W.W.) Inc. (GWW):

-Earnings: $230 million in Q1 vs. $238 million in the same period last year.
-EPS: $4.48 in Q1 vs. $4.24 in the same period last year.
-Revenue: $3.08 billion in Q1 vs. $3.0 billion in the same period last year.

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