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Latest in Target CEO says ‘consumers continue to spend cautiously’ amid triple miss earnings report

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  • Target CEO says ‘consumers continue to spend cautiously’ amid triple-miss earnings report

    Target’s stock is set to suffer worst day in more than two years after profit, revenue, comparable sales and outlook all came in below expectations.
    Business - MarketWatch - 1 hour ago

  • FirstFT: US consumers continue to spend, spend, spend

    Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result
    World - Financial Times - October 31
  • Target Shares Plunge on Earnings Miss

    Target Shares Plunge on Earnings Miss

    The retailer says spending remains sluggish for apparel, TVs and home goods.
    Business - The Wall Street Journal - 6 hours ago
  • Uber shares slide on slowing bookings growth

    Uber shares slide on slowing bookings growth

    Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimates
    Business - Financial Times - October 31
  • Target's big discounting effort falls short as consumers spend less on some goods

    Target's big discounting effort falls short as consumers spend less on some goods

    Target reported earnings Wednesday that came in far below Wall Street's expectations, something the big-box retailer attributed to slower than expected demand.
    Top stories - NBC News - 1 hour ago
  • Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

    Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

    The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.
    Business - The New York Times - October 31

  • Home Depot’s sales are improving, but it says consumers are still cautious about spending

    Home Depot is mired in a sales slump as homeowners put off major projects.
    Business - CNBC - November 12

  • Block reports revenue miss but a slight beat on earnings

    Shares of Square parent Block tumbled in extended trading on Thursday after the company reported disappointing revenue for the third quarter.
    Business - CNBC - November 8

  • Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks

    Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.
    Business - CNBC - November 13

  • Target shares plunge 20% after discounter cuts forecast, posts biggest earnings miss in two years

    Target missed on earnings and revenue even as it cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shoppers.
    Business - CNBC - 3 hours ago
  • Target Stock Plunges After Weak Earnings Report Ahead of Holiday Season

    Target Stock Plunges After Weak Earnings Report Ahead of Holiday Season

    The retailer’s downbeat earnings report, which included lower profit and larger inventory, fell far short of Wall Street’s expectations.
    Business - The New York Times - 2 hours ago

  • Live Nation CEO talks consumer demand, says live music is 'a very scarce commodity'

    Live Nation CEO Michael Rapino explained that the nature of live music keeps it in demand.
    Business - CNBC - November 12

  • Yum Brands’ earnings fall short of estimates as Pizza Hut parent says consumers are still pressured

    Only Taco Bell managed same-store sales gains.
    Business - MarketWatch - November 5

  • The biggest U.S. homebuilder misses on earnings as it says buyers are staying on the sidelines

    D.R. Horton, the largest U.S. homebuilder by market cap, on Tuesday reported earnings well below estimates as it said interest rates were keeping buyers on the sidelines and forcing the company to ...
    Business - MarketWatch - October 29
  • EU should spend 20% of budget on security and climate disasters, report says

    EU should spend 20% of budget on security and climate disasters, report says

    Finland’s former president reports on cost of Europe’s preparedness for multiple crises
    Business - Financial Times - October 30

  • New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion

    Boeing had released preliminary results earlier this month showing a big loss and $5 billion in charges across its defense and commercial units.
    Business - CNBC - October 23

  • CVS posts mixed results, holds off on guidance in Joyner's first earnings report as CEO

    CVS expects elevated medical costs to continue to pressure its performance this year, "and as a result we are not providing a formal outlook at this time."
    Business - CNBC - November 6

  • CEO of Europe defense company says region faces ‘wake-up call’ to boost spending

    Countries have to start building capabilities and replenish stockpiles, said CEO of Swedish defense contractor Saab.
    Business - MarketWatch - October 22
  • Myanmar airstrikes indiscriminately target civilians a rights group says in a new report

    Myanmar airstrikes indiscriminately target civilians a rights group says in a new report

    Myanmar’s military has consistently targeted civilians and their communities as a form of collective punishment in the country’s southeast since the army seized power in early 2021
    World - ABC News - 4 days ago
  • Dana White and Francis Ngannou continue war of words as UFC CEO says former champion 'isn't a good guy'

    Dana White and Francis Ngannou continue war of words as UFC CEO says former champion 'isn't a good guy'

    Ngannou and White's relationship continues to deteriorate
    Sports - CBS Sports - October 27

  • Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

    KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.
    Business - CNBC - November 5

  • China consumer slowdown weighs on U.S. earnings again

    From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines.
    Business - CNBC - November 5

  • Franklin Templeton CEO says focus is on 'doing what's right' for clients amid SEC probe

    Franklin Templeton's largest subsidiary, Western Asset Management, saw $37 billion in outflows in the last three months.
    Business - CNBC - October 31

  • Carlsberg Misses Sales Expectations on Weak Consumer Backdrop

    The Copenhagen-based brewer didn’t meet revenue and sales volumes expectations due to a poor performance in China and other countries, but reiterated its full-year guidance.
    Business - The Wall Street Journal - October 31
  • Wells Fargo Tripled State-Level Political Spending Since 2014

    Wells Fargo Tripled State-Level Political Spending Since 2014

    The bank has steered donations to groups seeking to influence state legislatures, attorneys general, and gubernatorial elections.
    Business - Inc. - November 5

  • Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says

    Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.
    Business - CNBC - October 28

  • U.S. economy grew 2.8% last quarter, powered by consumer spending

    Consumer confidence soared in October, signaling that Americans may continue to open their wallets.
    Top stories - CBS News - October 30
  • US GDP rose at a 2.8% rate in third quarter on strong consumer spending

    US GDP rose at a 2.8% rate in third quarter on strong consumer spending

    Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health
    Business - Financial Times - October 30

  • Trump's proposed tariffs could raise prices for consumers and slow spending

    President-elect Donald Trump has proposed stiff tariffs on imported goods, which could lead to higher prices and softer spending.
    Business - CNBC - November 6
  • Japan's economy grows for a second straight quarter on the back of consumer spending

    Japan's economy grows for a second straight quarter on the back of consumer spending

    Japan’s economy eked out an annual rate of 0.9% growth in the July-September quarter as consumer spending held up
    World - ABC News - 5 days ago

  • PayPal shares fall on revenue miss, soft guidance

    PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.
    Business - CNBC - October 29
  • Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares

    Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares

    Warnings of slowing Azure growth and rising data centre costs damp initial optimism on tech giant’s quarterly earnings
    Business - Financial Times - October 31
  • Lobbying World: Consumer Brands Association taps next president and CEO

    Lobbying World: Consumer Brands Association taps next president and CEO

    The Consumer Brands Association has selected Melissa Hockstad as the organization’s new president and CEO effective Jan. 6, 2025. Hockstad joins from the American Cleaning Institute, where she has ...
    Politics - The Hill - October 23
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Topics
  • Target CEO Says
  • CEO Says Consumers
  • Says Consumers Continue
  • Consumers Continue Spend
  • Continue Spend Cautiously
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