Target‘s digital sales fueled first-quarter gains, but the big-box retailer’s earnings results Wednesday showed it paid a hefty price for that growth as labor costs rose and sales of higher-margin items like apparel dropped. Shares were down less than 1% Wednesday morning. Target stores have remained open across the country during the coronavirus pandemic, but
It may be time to explore contrarian plays. Wells Fargo Securities’ Christopher Harvey is telling investors the best opportunities are in the hardest hit parts of the stock market. He believes the potential rewards outweigh the risks. “Start adding cyclicality. Start adding value. Start adding risk,” the firm’s head of equity strategy told CNBC’s “Trading
On Friday, President Donald Trump announced a “massive scientific, industrial, and logistical endeavor” called “Operation Warp Speed,” to find, manufacture and distribute a proven vaccine against Covid-19, hopefully before the end of the year. To achieve this “great national project,” as Trump called it, will take a collaboration of American businesses, scientists, the federal government
Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Sir Richard Branson‘s Virgin Orbit is set to conduct its first orbital rocket launch as
Tom Werner Next year, the IRS will allow people to put away even more money in health savings accounts, a tax-advantaged account you can use for medical expenses. Health savings accounts work alongside high deductible health plans. You can save money on a pretax or tax-deductible basis, have it grow tax free and then use
Tracy Singleton, owner of Birchwood Café in Minneapolis, Minnesota, remains cautious about reopening. “I don’t feel safe having people walk into my environment yet,” she says. Tracy Singleton Like many small business owners, Edgar Comellas, owner of Aces Wild Entertainment in Florida, has seen business grind to a halt since March. His company, which arranges
U.S. law enforcement authorities on Wednesday arrested two American men, including a former special forces soldier, wanted by Japan for their alleged involvement in helping former Nissan Motor boss Carlos Ghosn escape that country in December. The U.S. Attorney’s Office for the District of Massachusetts said that Michael Taylor, 59, and his 27-year-old son Peter
With the coronavirus shutdown keeping so many at home, people are playing a lot of video games these days. That captive audience has been a huge boost for Take-Two Interactive, which closed at an all-time high on Tuesday and is trading even higher ahead of Wednesday afternoon’s earnings report. The publisher of leading sports franchises such
Please, let’s stop all the tax cut talk. The Trump Administration has become quite single-minded when it comes to policies that could help the economy rebound from the coronavirus-induced coma that has gripped the country since March. My good friend and former colleague, Larry Kudlow, who sits atop the National Economic Council, has proposed cutting
Almost all states are starting to reopen this week, but that doesn’t mean Americans should expect the economy, or their own finances, to suddenly return to normal. Although it can be tempting to start spending normally as businesses reopen, some Americans still need to “hunker down” and continue to be frugal, says Tiffany Aliche, personal