Target Corp
Walmart lays off corporate employees after slashing forecast
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart confirmed on Wednesday that it has begun to lay off corporate employees about a week after the company slashed its profit outlook and warned consumers had pulled back on discretionary spending […]
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The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle […]
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Mall owners say retailers are still opening stores in spite of recession fears
The biggest shopping mall owners in the United States say retailers are still forging ahead with plans to open new stores in spite of growing recession fears and decades-high inflation that’s squeezing shoppers’ budgets. Simon Property Group, the country’s largest mall owner, said the pipeline of businesses slated to open up at its properties remains […]
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Amazon emissions increased 18% last year as Covid drove online shopping surge
Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Amazon’s carbon emissions jumped 18% last year, as the company reckoned with a pandemic-driven surge in e-commerce and grew its business to meet that demand. In its […]
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Stocks making the biggest moves midday: PerkinElmer, Boeing, Global Payments, Bumble and more
Displays outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Mike Segar | Reuters Check out the companies making headlines in midday trading Monday. Boeing — Shares of the […]
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Amazon launches same-day delivery from some brick-and-mortar retail brands
An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Amazon said Monday it’s adding a handful of brick-and-mortar retail brands to its same-day delivery offering for Prime members. To start, Amazon is offering same-day delivery from […]
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Target is oversold and could jump nearly 20% from here, Wells Fargo says in upgrade to buy
It’s time to snap up shares of Target at a bargain as they could surge nearly 20% from current levels, according to Wells Fargo. Analyst Edward Kelly upgraded shares of Target to overweight from equal weight, saying in a Monday note that the retailer is oversold. Target tumbled 25% after its calendar first-quarter earnings report, […]
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Amazon says consumer spending remains strong, bucking broader retail gloom
An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Earlier this week, Walmart and Best Buy both lowered their profit outlook for the second quarter and full year, setting off alarm bells across the retail sector […]
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Jim Cramer warns investors not to miss their window to buy stocks
CNBC’s Jim Cramer on Thursday advised investors to seize the moment and buy some stocks, since the Federal Reserve appears to be nearing the end of its tightening cycle. “When the Fed gets out of the way, you have a real window and you’ve got to jump through it. … When a recession comes, the […]
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Best Buy cuts forecast for fiscal year, citing weaker demand
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Wednesday cut its forecast for the year and the second quarter, saying it has seen weaker demand for consumer electronics amid inflation. Shares recovered after initially dropping more than 10% following the announcement. […]
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