Target is still catering to shoppers who are hungry for deals and aren’t buying much more than the necessities.
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TJX Cos. raises guidance again, says it expects a strong holiday as shoppers hunt for deals
TJX Cos. raised its full-year guidance again and said it’s expecting a strong holiday as inflation-weary consumers continue to flock to its stores.
Continue readingRed Bull’s F1 dominance is translating to higher energy drink sales, team’s principal says
Red Bull has won 19 of the 20 Grand Prix weekends so far this season, led by world champion driver Max Verstappen.
Continue readingThanksgiving dinner will be cheaper this year thanks to lower turkey costs, survey shows
While Thanksgiving food costs less than it did a year ago, it’s still much more expensive than it was before the pandemic.
Continue readingCitigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Under pressure to improve Citigroup’s performance, the bank will announce layoffs starting Wednesday, CNBC has learned.
Continue readingJudge sides with Paramount on some claims in Warner Bros. ‘South Park’ streaming lawsuit
The judge’s ruling leaves intact parts of Warner Bros. Discovery’s lawsuit over a “South Park” streaming deal.
Continue readingTarget’s new favorite buzzword is ‘value’
Target is riffing off the playbook of rivals like Walmart this holiday shopping season.
Continue readingFAA clears SpaceX to launch second Starship flight
SpaceX posted on the social media platform X shortly after the greenlight that it was “targeting Friday, November 17 for Starship’s second flight test.”
Continue readingTarget CEO claims customers are saying ‘a big thank you’ for locking up merchandise
Target CEO Brian Cornell spoke about the retailer’s moves to lock up items as it reported better-than-expected earnings for the fiscal third quarter.
Continue readingGM-UAW deal back on track for ratification after major plant approves pact
As of Wednesday afternoon, the deal had the support of about 54% of the roughly 30,700 autoworkers whose votes had been finalized by the union.
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