The Target logo is seen on its store on 42nd Street in Times Square, New York City.Deb Cohn-Orbach | UCG | Universal Images Group | Getty ImagesTarget on Tuesday posted holiday-quarter revenue and earnings that topped Wall Street's expectations, but the company said it expects another year of weak sales. The...
Category: News
Airlines Avelo and Breeze, three years after their pandemic debut, prepare for a profitable year
The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021.Patrick T. Fallon | AFP | Getty ImagesIn the nearly four years since the Covid-19 pandemic upended air travel, the largest U.S. airlines...
Christie’s just sold a Rothko painting for $100 million in a secret sale. Here are the details
Christie's auction house in New York.CNBCA version of this first article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Auction house Christie's just sold a painting for more than $100 million, although the...
Macy’s will close about 150 department stores, but open new locations of better performing chains
People shop at the Macy's Herald Square store in New York City, Jan. 19, 2024.Michael M. Santiago | Getty Images News | Getty ImagesAs Macy's chases sales growth, the department store operator said Tuesday that it will close about 150 of its namesake stores and open more shops with better...
Consumers are tired of inflation. But some retailers fear falling prices
A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center. Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary...