Tiffany Co TIF Earnings Report | Yield Curve Inverts Further

Tiffany Expected to Earn $1.04 a Share

Luxury goods maker Tiffany & Co. (TIF – Get Report) is expected to report net income of $127.9 million, or $1.04 a share, on sales of $1.1 billion before the market opens on Wednesday, based on a FactSet survey of 22 analysts.

In the same period a year ago, the company posted earnings of $1.17 a share on sales of $1.1 billion. It reported net income of $142.3 million.

thestreet.com/earnings/tiffany-expected

Here’s how 2019’s top-performing hedge fund has made a killing this year

His approach is NOT for the faint of heart.

In 2016, Chong Chin Eai raised $24 million from friends and family and launched his Singapore-based Vanda Global Fund. Then Trump won the election, and, according to Bloomberg, the hedge fund suddenly was off more than 50%.

“A lot of fund managers would’ve just given up after six months to start a brand new track record,” Chong told Bloomberg in an interview. “But I wanted to show investors the flow of the fund and the growth of the fund, both in terms of the performance and also in myself.”

marketwatch.com/2019-top-performing-hedge-fund

Key yield curve inverts even further as 30-year yield hits new record low

At around 03:20 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.4593%, while the yield on the 30-year Treasury bond hit record low to trade at 1.9072%.

A 10-year rate below the 2-year yield is viewed by fixed income traders as an important recession prognosticator, marking an unusual phenomenon as bondholders receive better compensation in the short term.

cnbc.com/bonds-key-yield-curve-inverts-further