Shares of Target fell Tuesday morning after the company said higher wages put pressure on profits during the holiday quarter. And Amazon shares are at a new record high, thanks to a new $2,000 price target from Monness Crespi.
Plus we speak with the SVP of global brands at Wyndham about the company's plans to spin off its vacation ownership business into a separate public company, as well as a new feature that gets you to unplug.
And Spotify and Dropbox have both filed to go public in recent weeks. We take a look at how the offerings may fare and what precedent they set for the IPO market this year.
Analysts at Baird reiterated their "outperform" rating on Apple stock, with a price target of $200. Kristen Scholer and Tim Stenovec walk you through setting a limit sell order on the TradeStation platform if you want to lock in gains if and when the stock hits that level.
Raina Moskowitz, CEO of The Knot Worldwide, unpacks the 2025 Global Wedding Report, from Gen Z trends to how Taylor Swift's wedding could reshape the industry.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
