Retailers are in for a mixed holiday season this year, marked by watchful consumers keeping big spending on a tight leash and vigilantly comparing prices on their mobile phones.
Read More Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, TargetTag: demand
Target Reports Largest Earnings Miss In 2 Years
Target reported earnings Wednesday that came in well below Wall Street’s expectations, which the big retail chain blamed on slower than expected demand.
Read More Target Reports Largest Earnings Miss In 2 YearsUS new home sales slump to six-month low in May
Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.
Read More US new home sales slump to six-month low in MayAstraZeneca Withdraws COVID-19 Vaccine Worldwide
The UK-based pharmaceutical company AstraZeneca announced on Wednesday that it would be withdrawing its COVID-19 vaccine, allegedly due to “decreased demand.”
Read More AstraZeneca Withdraws COVID-19 Vaccine WorldwideGreen Party Candidate Jill Stein Detained in Anti-Israel Protests at Washington University
Presidential candidate for the Green Party, Jill Stein, was one of 100 individuals arrested over the weekend at Washington University in St. Louis, Missouri.
Read More Green Party Candidate Jill Stein Detained in Anti-Israel Protests at Washington UniversityGM and Ford count on gas-powered trucks as EV growth slows
GM and Ford face a challenge in common when explaining to investors where profit growth will come from.
Read More GM and Ford count on gas-powered trucks as EV growth slows