Target says its holiday sales were better than expected — but its profits weren't

• Target’s holiday sales show a rebound from third-quarter doldrums

  Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events.
  
  MarketWatch - 20m

• Stock market plunges after better-than-expected December jobs report

  The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...
  
  CBS News - 5d

• Nordstrom raises sales outlook after holiday season was better than feared

  CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."
  
  CNBC - 5d
• 

  DOGE’s Anti-Regulatory Offensive May Have Merit but Mistakes Its Target

  The Elon Musk-led government-slashing initiative seeks to eliminate thousands of costly federal agency regulations, but needs to fix a broken Congress to succeed.
  
  Inc. - 5d
• 

  Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views

  The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.
  
  The Wall Street Journal - 6d

• Costco’s holiday-season sales jump was not just about food, analyst says

  Costco Wholesale Corp. on Wednesday reported a 9.9% year-over-year sales gain through the final stretch of the holiday-shopping season, marked by a big jump in online sales.
  
  MarketWatch - Jan. 8
• 

  'Liverpool were flustered and rattled - but still weren't beaten'

  MOTD2 pundit Alan Shearer explains why there is no need for Premier League leaders Liverpool to panic after their thrilling draw with Manchester United.
  
  BBC News - Jan. 6

• Rivian meets its 2024 vehicle production target after lowering projections

  Rivian on Friday said it produced 49,476 electric vehicles last year.
  
  CNBC - Jan. 3

More from CNBC

• Bank of America tops estimates on better-than-expected investment banking, interest income

  The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
  
  CNBC - 1h

• EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024

  CNBC - 30m

• Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

  Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.
  
  CNBC - 1h

• TikTok CEO expected to attend Trump's inauguration, NBC reports

  TikTok's CEO Shou Chew is expected to attend President's Trump inauguration next week, NBC News reports.
  
  CNBC - 30m

• Biden administration launches cybersecurity executive order

  With this executive order, the Biden White House is looking to boost digital security in the U.S. for the government and the private sector.
  
  CNBC - 1h

More in Business

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  Trump Treasury Pick Scott Bessent to Face Grilling

  Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.
  
  The New York Times - 12m

• UnitedHealth fights back: Blame drugmakers for high costs, not the ‘middlemen.’

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  MarketWatch - 17m

• Outsourcing giant Infosys raised sales guidance for a third time. AI is helping.

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  MarketWatch - 18m

• Oil inches lower, with U.S. prices failing to hold above $80 a barrel

  Oil futures traded modestly lower on Thursday, pulling back as news of an Israel-Hamas cease-fire deal helped to ease some worries about risks to global supplies, though the agreement has yet to ...
  
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• Target’s holiday sales show a rebound from third-quarter doldrums

  Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events.
  
  MarketWatch - 20m