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Stocks tank after retailer earnings plummet because of rising fuel costs, inflation

(The Center Square) – Stocks tanked Wednesday after major retailers’ earnings reports were down significantly because of inflation, sparking a selling frenzy. Wall Street closed with the largest drop in

Ryan detrickBrian cornellCenter squareDow jones industrial averageSeeking alphaWall streetChief executive brian cornellDow jones industrial averageWall streetStock exchangeS ampp 500

Target profit halves as rising costs hit margins, shares sink

Target profit halves as rising costs hit margins, shares sink
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Aishwarya venugopalUday sampath kumarBrian cornellMichael fiddelkeArun koyyurUday sampathWalmart incTarget corpChief executive brian cornell

Target profit halves on rising costs, warns of bigger margin hit

The bleak results come a day after larger rival Walmart Inc cut its annual profit view, even though both retailers clocked better-than-expected quarterly sales.

Aishwarya venugopalBrian cornellMichael fiddelkeArun koyyurWalmart incTarget corpChief executive brian cornell

More Bad News for Biden s Economy: Target Profit Down 52 Percent, Dow Plunges Again

Given Biden's disastrous economy, November 2024 can't come soon enough.

Karine jean pierreBrian cornellJoe bidenDow jonesReuters businessChief executive brian cornellWall street journalWall streetPress secretary karine jean pierreJoe bidenStock marketKarine jean pierre

Target Warns of Margin Hit as Rising Costs Dent Profit, Shares Slump 26 Percent

Target Corp.'s quarterly profit halved and it warned on Wednesday of a bigger margin hit this year due .

Greg melichArun sundaramBrian cornellWalmart incChief executive brian cornellThe epoch times

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