Walmart boosts outlook after a strong first quarter and rising online sales
Walmart reported fiscal first quarter profits and sales that beat Wall Street estimates as the nation’s largest retailer keeps drawing budget conscious consumers to its aisles looking for food and other items in a challenging economic environment.
An inflation gauge tracked by the Fed slows to still-high 6%
A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
Target's 3Q profit drops 52% as shoppers force price cuts
An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.
Police identify 3 men accused of robbing teen in Sterling Heights, running across Warren freeway
Police have identified three men who were arrested on accusations that they robbed a teenager at gunpoint outside of a Walmart in Sterling Heights, fled into Warren and ran across a freeway with officers in pursuit.
Consumer confidence up slightly in July
U.S. consumer confidence was relatively unchanged from June to July, but remains at its highest level since February 2020, just before the coronavirus pandemic hit the U.S. The Conference Board reported Tuesday that its consumer confidence index inched up in July to 129.1, up from last month’s reading of 128.9.