Latest Target Corp News
US inflation at new 40-year high as price increases spread
WASHINGTON (AP) — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from a year earlier, faster than April’s...
White supremacists are riling up thousands on social media
WASHINGTON (AP) — The social media posts are of a distinct type. They hint darkly that the CIA or the FBI are behind mass shootings. They traffic in racist, sexist and homophobic tropes. They revel in the prospect of a “white boy summer.” White nationalists and supremacists, on...
Asian shares mostly higher after wobbly rally on Wall St
BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after U.S. stocks rallied on heavy buying of technology companies. Advancing Chinese technology shares also pushed Hong Kong sharply higher. Benchmarks likewise rose in Tokyo, Seoul and Sydney. Shanghai declined. Oil...
Kohl's, JM Smucker rise; Target, Encompass fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Target Corp., down $3.69 to $155.98. The retailer is canceling orders from suppliers and slashing prices as consumers shift spending from goods to services. Kohl's...
Facing huge inventory, Target cuts vendor orders, prices
NEW YORK (AP) — Target is canceling orders from suppliers, particularly for home goods and clothing, and it's slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions, announced Tuesday, come after a pronounced...
Target plans to cut prices to cut burgeoning inventory
MINNEAPOLIS (AP) — Retail giant Target Corp. plans to cut prices on some merchandise and cancel orders as the company works to reduce its burgeoning inventory. The Minneapolis Star Tribune reported Tuesday that the company’s inventory grew 43% from February to April. ...
More job gains point to a solid economy and Fed rate hikes
WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates. Last month’s gain reflects a resilient job market that has so far shrugged off concerns that...
Wall Street breaks 7-week losing streak, longest since 2001
NEW YORK (AP) — Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001. The S&P 500 rose 2.5% and finished 6.6% higher for the...
Asian shares' rise broadly cheered by US earnings, rally
TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent U.S. shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk...
Macy's raises annual profit outlook on strong Q1 results
NEW YORK (AP) — Shoppers' return to occasion dressing helped to power Macy's fiscal first-quarter results, and the department store chain raised its annual earnings outlook even as surging inflation is crimping Americans' budgets. The results announced Thursday were among the few...
