Target to expand online marketplace, boost product assortment as it aims for $15 billion in sales growth by 2030

• Dell forecasts $15 billion of AI server sales this year

  Dell said that it sold about $10 billion of AI-optimized servers in its fiscal 2025, and expects to sell about $15 billion in AI system sales this year.
  
  CNBC - 4d

• Yum Brands reveals Taco Bell growth target as its same-store sales shine

  Taco Bell’s same-store sales are expected to rise 8% in the first quarter.
  
  MarketWatch - 4h
• 

  Stocks tumble as Walmart sales growth forecast disappoints

  Stocks tumbled from all-time highs Thursday in the wake of Walmart projecting a lower-than-expected sales outlook.
  
  NBC News - Feb. 20

• Lucid aims to double EV production this year, stock rallies nearly 10%

  Shares of Lucid Group Inc. shot up in after-hours trading Tuesday after the luxury EV maker narrowed its quarterly loss and announced a CEO change.
  
  MarketWatch - 6d
• 

  Walmart Racks Up Sales Record but Sees Slower Growth Ahead

  The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from stubborn inflation and the risk of tariffs.
  
  The New York Times - Feb. 20

• Huawei improves AI chip production in boost for China’s tech goals

  Chinese company improves ‘yield’ of latest semiconductor, despite US efforts to prevent manufacturing advances
  
  Financial Times - Feb. 25

• How the EU wants to tweak its merger rules to boost growth

  Also in this newsletter: Brussels sets the record straight on women’s rights
  
  Financial Times - 6d

• EU president aims for €800 billion of defense funding. How it would work.

  European Union President Ursula von der Leyen on Tuesday proposed a funding program that she says could mobilize close to €800 billion ($844 billion) of defense spending.
  
  MarketWatch - 6h
• 

  Target’s Sales Forecast Is Down Thanks to Tariffs and a Customer Spending Slump

  CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices “over the next couple of days.”
  
  Inc. - 1h

More from CNBC

• Trump's tariffs showcase his extraordinary presidential power — and its limitations

  President Donald Trump's 25% tariffs on imports from Canada and Mexico took effect Tuesday. But actually collecting them is proving complicated.
  
  CNBC - 1h

• Trump 'bump' disappears as the S&P 500 is now negative since the election

  The S&P 500 is on track to close below its preelection levels, while small caps and energy stocks are performing even worse since Trump's victory.
  
  CNBC - 37m

• CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud

  Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.
  
  CNBC - 5m

• Trump's tariffs could quickly cut North American auto production by a third

  A third of North American vehicle production could be cut by next week as a result of Trump's 25% tariffs on Mexico and Canada, S&P Global Mobility reports.
  
  CNBC - 17m

• Here's how tariffs will hit the U.S. housing market

  Tariffs could increase builder costs anywhere from $7,500 to $10,000 per home, according to the chief economist of the National Association of Home Builders.
  
  CNBC - 39m

More in Business

• CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud

  Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.
  
  CNBC - 5m

• Southwest Airlines closing 2 more crew bases in cost-cutting push

  Southwest plans to close crew bases in Fort Lauderdale, Florida, and Austin, Texas.
  
  CNBC - 13m

• 'People should be worried' about measles, expert says: What to know about the disease, vaccine—and how to stay healthy

  Since late January, 146 cases of measles have been identified in West Texas. Here's what public health experts say you should do for protection.
  
  CNBC - 13m

• 'People should be worried' about measles, expert says: What to know about the disease, vaccine—and how to stay healthy

  Since late January, 146 cases of measles have been identified in West Texas. Here's what public health experts say you should do for protection.
  
  CNBC - 13m

• Will Trump’s tariffs push the U.S. economy into recession? Many economists think so.

  Tariffs will affect corporate hiring and put U.S. manufacturers operating globally in a difficult situation, economists say.
  
  MarketWatch - 14m