Target on Wednesday blew past every forecast on Wall Street for its fiscal second quarter as it attracted millions of new customers online, setting a record for same-store sales that drove profits up by an eye-popping 80.3% to $1.7 billion. Sales online and at stores open for at least a year climbed by 24.3% during the
Month: August 2020
A man walks outside of a Walmart in China. Tomohiro Ohsumi | Bloomberg | Getty Images Walmart’s online shopping strategy is paying off in China, arguably one of the most developed e-commerce markets in the world. The giant discount retailer reported Tuesday that net e-commerce sales in China grew 104% from a year ago in the
Vehicles line up on streets around Boulder Station Hotel & Casino as they wait to get into a drive-through Three Square Food Bank emergency food distribution site on April 29 in Las Vegas, Nevada. DAVID BECKER/AFP via Getty Images Even if you find a new job, it often comes with lower wages relative to prior
Here is the thing about living in Houston: it’s a high rise city that loves its parks. Still, high rise dwellers here often crave a “backyard”, a touch of nature, even though their home may be on the 15th floor with glorious city views. That’s one reason why one of the city’s older, most storied
With a careful plan, you can spend money on travel and not worry about outliving your savings. getty “Enjoy life while you can. You just never know how long you’ll be healthy.” I hear this statement frequently from family and friends of mine who travelled during the initial years of their retirement, while they still
The S&P 500 hits a new all time intra-day high on August 18, but the volatile market took its toll … [+] on public pension plans this year. STRF/STAR MAX/IPx The S&P 500 hit a new all time intra-day high on Tuesday, highlighting a dramatic rebound — but the volatile market has left a scar
A plume of smoke rises from the Ranch 2 Fire on August 15, 2020 as seen from Azusa, California. Mario Tama | Getty Images California Gov. Gavin Newsom declared a state of emergency Tuesday to ensure the states receive vital resources amid wildfires that have exacerbated a stifling heat wave. At least 27 fires are raging
U.S. stock futures were flat in overnight trading on Tuesday, after the S&P 500 hit its highest level ever, wiping out all the losses from the coronavirus sell-off. Dow futures rose 18 points. The S&P 500 and Nasdaq 100 futures gained 0.04% and 0.05%, respectively. On Tuesday, the S&P 500 rose to its highest level ever,
Elon Musk’s net worth is soaring in 2020, as Tesla’s surging stock price has roughly quadrupled since the start of the year. Musk owns about 20% of Tesla’s stock, a stake that’s worth more than $50 billion, according to research firm Wealth-X. Overall, Musk’s personal net worth is estimated to be at least $66.7 billion,
Many retailers across the U.S. are shuttering storefronts like this Manhattan outlet in New York amid the ongoing Covid-19 downturn. Carlo Allegri | Reuters With negotiations between Republicans and Democrats over the shape of the next government stimulus package in deadlock, President Donald Trump took executive action earlier this month to pass a patchwork of federal aid. Which
Real estate visionary, Sr. Managing Partner at ABI Multifamily, and Co-founder of Neighborhood Ventures real estate crowdfunding company. getty Commercial real estate as a whole may be taking a hit during the pandemic, however among CRE investments, Phoenix multifamily has a number of factors that point toward long-term stability. And while I can’t give you a
By Richard Eisenberg, Next Avenue Editor kamalaharris.com Here’s a 2020 presidential election riddle: Is presumptive Democratic vice presidential nominee Sen. Kamala Harris a boomer, a member of Generation X or part of Generation Jones? The answer is complicated. And to get there, it helps to understand what Generation Jones means. Until a few days ago,
Economic Security Planning, Inc. Today’s column addresses questions about exactly when to file to get the full age 70 benefit rate, whether income from the current year is counted when calculating benefit amounts and ways to ensure larger benefits for a surviving spouse. Larry Kotlikoff is a Professor of Economics at Boston University and the
GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM Pressure is mounting from Wall Street for General Motors to spin off its electric vehicle business to better position the operations against Tesla and a
A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images Kohl’s revenue fell 23% during the fiscal second quarter, the retailer said Tuesday, which wasn’t as bad as analysts feared as the coronavirus pandemic forced stores to close across the U.S. and many shoppers stayed home. Instead, dollars
Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images Workers in a handful of states may soon see a $300-a-week bump in their unemployment benefits. The federal government has approved funding for seven
In the years since Michelle Obama first uttered her now-famous catchphrase, “When they go low, we go high,” during the 2016 Democratic National Convention, she says people always ask her if the strategy still works today. Her response: It’s “the only thing that works.” During Obama’s keynote speech during Monday night’s Democratic National Convention, the former first lady
A worker is seen wearing a mask while organizing merchandise at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters CNBC’s Jim Cramer said Tuesday that Walmart is a “remarkable juggernaut” but it won’t be able to keep up the blistering growth that it saw in the second quarter
Former vice president and presumptive Democratic presidential nominee Joe Biden and running mate Sen. Kamala Harris, D-Calif., hold a press conference after a briefing on Covid-19 in Wilmington, Delaware, on Aug. 13, 2020. Mandel Ngan | AFP | Getty Images The coronavirus pandemic could have a big impact on Social Security’s financial prospects. And that
Clark Twiddy is the President of Twiddy & Company, a hospitality and asset management firm along North Carolina’s Outer Banks. getty North Carolina’s Outer Banks have long been a favorite vacation destination for those looking to relax and enjoy the natural beauty the area has to offer. During the summer months, a year-long population of around
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