Target Falls on Weak Profit, Amazon Gets a Boost

Shares of Target fell Tuesday morning after the company said higher wages put pressure on profits during the holiday quarter. The company also said it's investing $7 billion to open up smaller stores and remodel current locations. And Amazon shares are at a new record high, thanks to a new $2,000 price target from Monness Crespi. The company also said it's rolling out free delivery of Whole Foods orders for Prime customers in San Francisco and Atlanta. UPS also got a boost Tuesday after analysts said concerns over competition from Amazon in the delivery space were overblown.

More In Business

The Trending, Fastest-Growing Summer Destinations Will Surprise You

From the Vegas strip to breathtaking national parks, we’re obsessed.

Nvidia's Blockbuster Run Is Just Getting Started

Nvidia did a record $26 billion in sales in the latest quarter. And get ready for the stock to keep climbing, because the A.I. boom is just getting started.

Perspective Therapeutics Is Creating New Ways to Fight Cancer

In honor of National Cancer Research Month, Perspective Therapeutics discusses its latest treatment — currently in clinical trials — that targets cancer cells d

When It Comes to the Economy, There’s ‘A Lot to Be Optimistic About’

Business is booming, interest rate cuts aren’t desperately needed, and, consumers are in what one analyst calls ‘pretty good shape.’

More People Are Making 'no-buy year' Pledges. Should You?

The self-imposed rules of a no-buy challenge are simple: participants pledge to stop buying non-essential items.

Forget Inflation: American Consumers Want Travel and Experiences

Americans may be exhausted by inflation, but they aren't holding back when to comes to spending on travel and experiences.

The U.S. Can Avoid a Recession – But Higher Prices Are Here to Stay

Companies like Target, Walmart, and Amazon may be cutting prices – but consumers should get used to paying more than they did pre-pandemic.

Buy Now, Pay Later Must Act Like A Credit Card Company

The Consumer Financial Protection Bureau says that buy now, pay later lenders are basically credit card providers and must provide the same protections.

Here’s Why You Might Want a Second Passport

You don’t have to be a millionaire to take advantage of a second passport.

Millennials, Rejoice! Mortgage Rates Drop Again

If interest rate cuts materialize later in the year, rates heading towards 5% could start to unstick the stubborn housing market, this analyst says.

Load More