Tag: Target Corp.

Profit warnings kicked into high gear, and there’s still no slowdown in sight

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US companies are warning of earnings misses at a historically high rate and there are signs that the pace could accelerate, but Wall Street analysts don’t seem to be listening too closely, yet. The downbeat outlooks for the current quarter, as inflation and continued supply-chain challenges lead to slowing demand, muddied what has been a…

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Weekend reads: New ideas for retirement planning and enjoying financial freedom

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How to plan for and enjoy life after your career Illustration by Mark Long The daily grind of work can take its toll, especially after decades. What if you had more flexibility and could work part time from home, while still using your expertise to help people? Georgia McManus is doing exactly that. Read on:…

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Investment

Dow, S&P 500 book worst day in 3 weeks, Nasdaq tumbles 2.8% ahead of key inflation number

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US stocks tumbled late Thursday to close sharply lower, with the Nasdaq skidding 2.8%, as jittery investors looked ahead to a reading on May inflation due Friday morning. What happened The Dow Jones Industrial Average DJIA, -1.94% tumbled 638.11 points or 1.9%, to close at 32,272.79 The S&P 500 SPX, -2.38% skidded 97.95 points, or…

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Biden meets with CEOs of baby-formula makers as shortage worsens: ‘There’s still a lot more to do’

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President Joe Biden on Wednesday met with executives from baby-formula makers, with the huddle coming as new data suggest that the country’s formula shortage is deepening. “There’s still a lot more to do, so I ask you to keep focused, stay focused, stay in high gear,” Biden said during the meeting. “We can’t let up…

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