Latest Target Corp News

Demand for grocery delivery cools as food costs rise

Aug. 07, 2022 09:28 AM EDT

Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store. Then earlier this spring, Raschke learned her rent was increasing by $617 per month. Delivery...

Stocks start August with slide after best month since 2020

Aug. 02, 2022 03:07 AM EDT

Stocks on Wall Street gave up early gains and closed slightly lower Monday as investors began another busy week of company earnings and economic reports. The S&P 500 gave up an early gain to end down 0.3%. The Dow Jones Industrial Average dipped 0.1% and the Nasdaq fell 0.2%....

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Jul. 28, 2022 22:52 PM EDT

NEW YORK (AP) — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. The Seattle-based e-commerce giant also said it is making progress in controlling some of the excess costs from its...

Asian stocks follow Wall St lower before likely US rate hike

Jul. 27, 2022 01:42 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo and Sydney advanced. Oil prices were little changed,...

Asian stocks follow Wall Street ahead of likely US rate hike

Jul. 26, 2022 23:38 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo advanced. Oil prices were little changed, staying...

Walmart cuts profit outlook as shoppers adapt to inflation

Jul. 25, 2022 18:30 PM EDT

NEW YORK (AP) — Walmart Inc. on Monday lowered its profit outlook for the second quarter and the full year, saying rising prices on food and gas are forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins. That behavior is...

US inflation surges again in June, raising risks for economy

Jul. 13, 2022 18:12 PM EDT

WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession. The...

Amazon Prime Day: What consumers are buying

Jul. 12, 2022 17:11 PM EDT

Amazon will be offering discounts on a variety of items during its two-day Prime Day shopping event that began Tuesday. The Seattle-based ecommerce giant started the sales event in 2015 in response to Singles’ Day, a shopping holiday in China popularized by Chinese e-commerce...

Kimberly Palmer: How to afford big-ticket items for the year

Jul. 11, 2022 09:43 AM EDT

When Brandy Baxter needed to replace her home’s entire heating and air conditioning system several years ago, she asked contractors if they offered deals at certain times of the year. She learned that if she waited until February, the slow season for such work, she could get a lower price....

Retailers scale back hiring as worry about a slowdown grows

Jul. 07, 2022 14:14 PM EDT

NEW YORK (AP) — After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America's retailers are starting to temper their recruiting. The changing mindset comes as companies confront a pullback in consumer spending, the prospect of an economic...