Target Corp.’s new chief executive officer, Michael Fiddelke, said the big-box retailer has lost trust with shoppers and employees and pledged to rebuild that connection, Bloomberg News reported Wednesday.“We weren’t clear enough about who we are as a company,” Fiddelke told staff on his first town hall, according to a recording viewed by Bloomberg News. “When we aren’t clear enough, that confuses people. We didn’t do enough to correct that confusion in the moment.”Target was not immediately available to re ...

Walmart Inc (NYSE:WMT) has been one of the market's bright spots, with the security gaining roughly 11% on a year-to-date basis. Although there's no single positive catalyst that explains the rise of WMT stock, it appears that the big-box retailer's expanding dominance in durable segments — such as groceries and healthcare — has helped buoy sentiment. Still, that leaves concerns about WMT being overheated.Fundamentally, it's difficult to overlook Walmart's relevance. At a time when artificial intelligence i ...

Target's new CEO won't get a honeymoon period. Michael Fiddelke, the company's chief operating officer who started as a finance intern, is taking over at a moment when the retailer is under pressure on nearly every front, grappling with a weakening business, political backlash, and growing employee strain.Fiddelke, who officially takes the helm this weekend, will have to contend with 10 of the past 12 quarters having flat or declining comparable sales, as civil unrest unfolds in Minneapolis, where Target i ...

U.S. stock market holiday schedule: The holiday season is here, and many Americans are planning their last-minute shopping, travel, and financial moves. If you’re wondering whether the stock market is open on Christmas Eve or how mail and banks will operate, it’s important to plan ahead. In 2025, Christmas falls on Thursday, December 25, meaning Wednesday, December 24, will see early closures across major financial and government institutions. Knowing these schedules can help avoid disruptions in trading, b ...

A month has gone by since the last earnings report for Target (TGT) . Shares have added about 18.4% in that time frame, outperforming the S&P 500.But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Target due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Target Corporation before we dive into how investors and analysts have reacted as of late. ...

Economic Overview - Wall Street's main indexes rose for a fourth consecutive session, with the Dow Jones Industrial Average increasing by 416 points (0.9%) to 47,528, and both the Nasdaq and S&P 500 gaining 0.9% [1] - Mixed economic data was released, showing jobless claims fell to 216,000, below expectations of 225,000, while new orders for capital goods surged in September [2] Federal Reserve Insights - The economy is not slipping into recession, but it is weak enough to allow for another interest rate cut by the Federal Reserve, as there remains a high number of unemployed individuals [3] - Traders are pricing in an 84.9% chance of a 25-basis-point rate cut next month, nearly double the odds from the previous week, influenced by softer consumer demand signals and dovish remarks from Fed officials [4] Company Performance - Dell's stock rose by 2.3% after its quarterly forecasts surpassed expectations, driven by strong demand for servers in AI data centers, contributing to the S&P 500 and Nasdaq reaching two-week highs [5] - HP's stock fell by 2.3% following the announcement of disappointing profit forecasts and job cut plans [8] Retail Sector Outlook - The upcoming holiday shopping period is crucial for big-box retailers, with expectations of holiday sales surpassing $1 trillion for the first time, despite mixed results from retailers like Walmart and Target [7][8] - The trading volumes are expected to thin out during the holiday period, which could lead to sharper price swings [7]

Group 1: Market Overview - US stocks experienced a significant surge, driven by strong Nvidia earnings and improved rate-cut expectations following the September jobs report [1][2] - The Nasdaq Composite led the gains, rising approximately 2.5%, while the S&P 500 increased by over 1.8%, and the Dow Jones Industrial Average rose by 1.3%, or over 500 points [2] Group 2: Nvidia Performance - Nvidia's stock rose nearly 5% in early trading after the company reported earnings that exceeded expectations and provided a stronger-than-expected revenue outlook for Q4 [3] - CEO Jensen Huang highlighted that demand for Blackwell processors is "off the charts," alleviating concerns about a potential long-term slowdown in AI-related stocks [3] Group 3: Employment Data and Economic Outlook - The September nonfarm payrolls report indicated that the US economy added 119,000 jobs, significantly surpassing the expected gain of 51,000 [4] - The unemployment rate increased to 4.4%, up from 4.3% in August, contrary to expectations that it would remain unchanged [4] - Following the jobs report, options traders adjusted their expectations, pricing in approximately 42% odds of a rate cut at the Federal Reserve's next meeting in December, up from 28% earlier that morning [5] Group 4: Federal Reserve Insights - Minutes from the Fed's October meeting revealed a divide among policymakers regarding whether a cooling labor market or persistent inflation poses a greater risk to the economy [7] - This uncertainty contributed to speculation about the Fed's decision in December, with some officials indicating no further rate cuts are anticipated [7] Group 5: Walmart Earnings - Walmart raised its full-year forecasts after reporting better-than-expected profit and sales in Q3, reflecting consumer strength ahead of the holiday season [8]

Group 1: Market Performance - US stocks experienced a significant surge, with the Nasdaq Composite rising approximately 2.5%, the S&P 500 increasing over 1.8%, and the Dow Jones Industrial Average up 1.3% or over 500 points [1][2] - The surge was primarily driven by Nvidia's strong earnings report, which helped restore confidence in the AI sector [1][3] Group 2: Nvidia's Earnings - Nvidia's stock rose nearly 5% in early trading following an earnings beat and a stronger-than-expected revenue outlook for Q4 [3] - CEO Jensen Huang highlighted that demand for the company's Blackwell processors is "off the charts," alleviating concerns about a potential long-term slowdown in AI-related stocks [3] Group 3: Employment Data and Economic Outlook - The September nonfarm payrolls report indicated that the US economy added 119,000 jobs, significantly exceeding the expected gain of 51,000 [4] - The unemployment rate increased to 4.4%, up from 4.3% in August, contrary to expectations of it remaining unchanged [4] - Following the jobs report, options traders adjusted their expectations, pricing in around 42% odds of a rate cut at the Fed's next meeting in December, up from 28% earlier that morning [5] Group 4: Federal Reserve Insights - Minutes from the Fed's October meeting revealed a divide among policymakers regarding the risks posed by a cooling labor market versus persistent inflation [7] - This uncertainty contributed to speculation about the Fed's decision on interest rates in December, with some officials indicating no further rate cuts are anticipated [7] Group 5: Walmart's Performance - Walmart raised its full-year forecasts after reporting better-than-expected profit and sales in Q3, leading to a jump in its shares [8] - The retailer's performance is viewed as an indicator of consumer strength heading into the holiday season [8]

Market Overview - The US stock rally experienced a reversal as investors reacted to Nvidia's earnings and the September jobs report [1][2] - The Nasdaq Composite fell approximately 0.3% after an earlier rise of about 2.5%, while the S&P 500 decreased around 0.2% after gaining as much as 1.8% [2] Nvidia Performance - Nvidia's stock initially surged nearly 5% following a strong earnings report and an optimistic revenue outlook for Q4, but later turned negative [3] - CEO Jensen Huang highlighted that demand for Blackwell processors is "off the charts," alleviating concerns about a potential long-term slowdown in AI-linked stocks [3] Employment Data - The September nonfarm payrolls report indicated the US economy added 119,000 jobs, significantly exceeding the expected gain of 51,000 [4] - The unemployment rate increased to 4.4%, up from 4.3% in August [4] Federal Reserve Outlook - Following the jobs report, options traders estimated a 38% chance of a rate cut at the Fed's next meeting in December, reflecting a divided view among policymakers [5][6] - The recent data provided insights into the US economy post the longest government shutdown, with differing opinions on whether a cooling labor market or persistent inflation poses greater risks [6] Walmart Earnings - Walmart raised its full-year forecasts after surpassing profit and sales expectations in Q3, leading to a rise in its shares [7] - The retailer's performance is viewed as indicative of consumer strength heading into the holiday season [7]

Group 1: Market Overview - US stocks experienced a climb on Thursday, with the Nasdaq Composite leading the way, rising approximately 0.5% after an earlier increase of about 2.5% [2] - The S&P 500 added nearly 0.4% after gaining as much as 1.8% in early trading, while the Dow Jones Industrial Average rose about 0.3% [2] Group 2: Nvidia Earnings - Nvidia's stock surged nearly 5% in early trading following an earnings beat and a stronger-than-expected revenue outlook for Q4, with CEO Jensen Huang noting that demand for Blackwell processors is "off the charts" [3] Group 3: Employment Data - The September nonfarm payrolls report indicated that the US economy added 119,000 jobs, significantly above the expected 51,000, although the unemployment rate rose to 4.4% from 4.3% in August [4] - Following the jobs report, options traders adjusted their expectations, pricing in around 42% odds of a rate cut at the Fed's next meeting in December, up from 28% earlier that morning [5] Group 4: Federal Reserve Insights - Minutes from the Fed's October meeting revealed a divide among policymakers regarding whether a cooling labor market or persistent inflation poses a greater risk to the economy, contributing to uncertainty about the December decision [7] Group 5: Walmart Earnings - Walmart raised its full-year forecasts after beating profit and sales expectations in Q3, with shares jumping as investors viewed the report as indicative of consumer strength heading into the holiday season [8]