Jabil stock surges toward 2-decade high after profit, revenue beats and raised outlook

Jabil stock surges toward 2-decade high after profit, revenue beats and raised outlook

For 2021, the company raised its revenue outlook to $28.5 billion from $27.5 billion and its core EPS guidance to about $5.00 from $4.60. Jabil’s stock, which has soared 16.1% amid a 7-day win streak through Monday, is on track to open at the highest price …
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What Is the REIT Dividend Tax Rate?

Does a REIT dividend meet the IRS definition of a qualified dividend, or is it considered ordinary income? The answer could be yes to both. In most cases, REIT dividends are made up of as …
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Amazon commits $750K toward UT College of Business professorship, Haslam family matches

KNOXVILLE, Tenn. — The University of Tennessee, Knoxville announced Tuesday that Amazon has committed $750,000 for an endowed professorship in its Haslam College of Business. The Haslam family said they will match Amazon for a total of $1.5 …
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Toys R Us parent sells controlling stake to WHP Global

Both physical stores have closed. Toys R Us’ website remains active, and sales are done through Amazon. WHP is now a significant shareholder of Tru among a group of investors including funds managed by Solus …
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Indiana unemployment rate falls to 4.2% January

Indiana’s labor force — the total number of people working and actively seeking work — grew by 3,803 in January, according to the Indiana Department of Workforce Development. A total of 12,700 fewer Hoosiers were unemployed last month, and 16,503 more …
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