Target Stock on Track for Worst Day Since 2022
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22May
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22May
Existing home sales slip in April
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty ImagesSales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors. The...
22May
Pickleball courts boom to keep pace with rapid expansion
People play pickleball at Central Park on April 8, 2023 in New York City. Wang Fan | China News Service | Getty ImagesAmerica's fastest-growing sport is also rapidly growing its footprint.Over the past seven years, the number of outdoor public park pickleball courts in major cities has skyrocketed 650%, according...
22May
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22May
Stocks making the biggest moves premarket: TGT, LULU, SHOP
Check out the companies making headlines before the bell. Target — Target's shares tumbled more than 7% after first-quarter earnings missed estimates, driven by a year-over-year sales decline of about 3% as consumers bought fewer discretionary items. Analog Devices — The semiconductor manufacturing company jumped 6.2% after exceeding quarterly...
22May
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22May
Buy now, pay later firms must comply with U.S. credit card laws
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry must abide by the same federal...
22May
Fed officials seem to have ‘no idea’ about inflation, strategist says
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg | Getty ImagesFederal Reserve officials appear to have "no idea" what is happening when it comes to the inflation picture in the U.S., according to Julian Howard,...
22May
UK inflation, April 2024
The war between Russia and Ukraine — both major producers of food commodities and energy — has disrupted global production, trade and supply in these areas, leading to a surge in prices.Solstock | E+ | Getty ImagesU.K. inflation fell to 2.3% in April, the Office for National Statistics said...
22May
Digital Payments: Fintech Revolutionising Transactions
Digital payments are at the forefront of transformation. Fintech, by nature a blend of finance and technology, is revolutionising how transactions are conducted worldwide. From tapping a phone at a checkout to transferring money across borders without hefty fees, the convenience and efficiency of digital payments are unmatched. This...