Latest Target Corp News

Newest meme stock, Bed Bath & Beyond, tumbles after big day

Aug. 17, 2022 18:22 PM EDT

NEW YORK (AP) — Now comes the downside of the meme-stock craze for investors in Bed Bath & Beyond. The stock fell 16% in after-hours trading Wednesday following reports that a big-name investor with a cult-like following may sell his stake in the struggling retailer. It's a...

Stocks slip on Wall Street, erasing weekly gains for S&P 500

Aug. 17, 2022 16:50 PM EDT

Stocks on Wall Street closed broadly lower Wednesday as drops by big technology companies wiped out the S&P 500′s gains for the week. The benchmark index fell 0.7%, snapping a three-day winning streak. The Dow Jones Industrial Average fell 0.5% and the tech-heavy Nasdaq slid...

How major US stock indexes fared Wednesday 8/17/2022

Aug. 17, 2022 16:34 PM EDT

Stocks closed lower on Wall Street, led by drops in big technology companies and erasing the S&P 500′s gains for the week. The S&P 500 fell 0.7% Wednesday, while the Dow Jones Industrial Average and the Nasdaq also fell. Small-company stocks fell more than the rest of the...

Target, Krispy Kreme fall; Hill International, Lowe's rise

Aug. 17, 2022 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $4.85 to $175.34. The retailer's second-quarter profit fell far short of Wall Street forecasts as it slashed prices to clear unwanted inventories of clothing,...

US retail sales were flat in July as inflation takes a toll

Aug. 17, 2022 10:30 AM EDT

WASHINGTON (AP) — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many Americans to spend more cautiously. Retail purchases were flat after having risen 0.8% in June, the Commerce Department reported...

Target takes a hit after heavy discounts to clear inventory

Aug. 17, 2022 09:59 AM EDT

NEW YORK (AP) — Target reported solid sales for the fiscal second quarter but its profit plunged nearly 90% after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics. In early June, Target warned that it was canceling orders from...

Asian shares rise on optimism about US, China economies

Aug. 17, 2022 00:02 AM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday as regional markets looked to strong economic signs out of the U.S. and China as drivers of growth. Benchmarks rose in morning trading in Japan, China and Australia, although shares dipped slightly in South Korea. Analysts...

Asian shares mostly higher, echoing Wall Street rebound

Aug. 15, 2022 23:12 PM EDT

TOKYO (AP) — Asian shares mostly rose Tuesday after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China. The benchmark in Tokyo was little changed, erasing earlier gains, but indexes in South Korea, Australia and China gained...

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%....