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If Walmart Inc signalled better times ahead for the broader economy, Target Corp’s profit collapse is a reminder that battered big-box stores aren’t in the clear yet. Target laid bare the damage from marking down its mountain of inventory, with an almost 90% slump in second-quarter profits. That’s in stark contrast to Walmart’s forecast that earnings wouldn’t fall as much ...

  Federal Reserve policy makers don’t have an explicit target for US stocks or consumer borrowing costs, but they know something’s off when they see it, and there’s a chance that now is one of those times. The S&P 500 Index has rallied 17% from its June lows through August 16, and consumer credit is growing at one of the ...

  It is not true that we need to gut our environmental protections in order to scale up green energy,” said Mahyar Sorour, deputy legislative director for Beyond Dirty Fuels at the Sierra Club. And thus goes the next chapter in the political war over whether and how the United States will join the battle against climate change. Unlike America’s ...

Bloomberg Target Corp is betting heavily on a dramatic financial comeback the rest of this year after badly trailing its own forecast as well as Wall Street’s estimates in the second quarter. The retailer stuck with its outlook for operating income of about 6% of sales during its fiscal second half after taking a painful hit from aggressive moves to ...

  Bloomberg Cabin crew staff of International Consolidated Airlines Group SA’s low-cost Spanish carrier Iberia Express plan to strike after talks over pay stalled. The USO union has called walkouts from August 28 to September 6 after failing to reach an accord with the company to link pay to inflation and then increase salaries, an official for the union said. ...

  Bloomberg American Airlines Group Inc agreed to buy 20 Overture jets from Boom Supersonic, gambling that a market will emerge for a new generation of sleek aircraft that can cut transatlantic travel times by half. The world’s largest airline also has an option to purchase another 40 of the gull-winged jets that Boom plans to roll out by mid-decade, ...

  Bloomberg Walmart Inc surged the most in almost two years as a less-dire profit forecast signalled that the retail giant is finding its footing after slashing its outlook three weeks ago. Results improved more than expected in July thanks to robust back-to-school sales, lower fuel prices and more buying by wealthier customers seeking bargains, Walmart CEO Doug McMillon said. ...

  Bloomberg Ryanair Holdings Plc is adding 500 flights to its autumn schedule from its base at London Stansted airport as the discount carrier looks to win more customers after Heathrow extended a cap on capacity. The extra flights will give Ryanair an additional 100,000 seats during the mid-term school holidays to destinations including Spain, Italy, Portugal and Greece, the ...

  Bloomberg Bed Bath & Beyond Inc, the struggling retailer turned meme-trader darling, skidded as much as 21% in postmarket trading after a top investor suggested he has soured on the stock. Ryan Cohen’s RC Ventures said in a filing with the US Securities and Exchange Commission that it might sell as much as 7.78 million shares of Bed Bath ...

Bloomberg Turkish President Recep Tayyip Erdogan and United Nations Secretary General Antonio Guterres met Thursday in Lviv, in western Ukraine, with Ukraine’s President Volodymyr Zelenskiy. Zelenskiy had discussions with each before tripartite talks started. Among the topics in Zelenskiy’s talks with Guterres was the situation at the Zaporizhizhia nuclear power plant, occupied by Russian forces since March and recently subject ...