Text size If you only looked at the headline indexes on Thursday, you would think that the market had done a good job of hanging in there, especially after a disappointing report on unemployment claims. However, a look at the actual stocks that make up the indices tells a very …
Read More »News publishers are taking part in a lawsuit against Apple over App Store terms
Major news organizations are joining the growing chorus of companies pushing for more favorable terms in Apple Inc.’s App Store, a crucial link to new digital customers. In a letter to Apple CEO Tim Cook on Thursday, a retailer representing the New York Times, the Washington Post, The Wall Street …
Read More »Why Target Stock jumped and Walmart slipped even though both had strong earnings
Both Walmart (WMT) and Target (TGT) delivered fantastic second-quarter reports this week, and Barron’s had noted for the reports that Target was likely to receive a major boost from its results. That’s the way it’s been played, with Target stock jumping 12% on Wednesday afternoon, while Walmart reported losses after …
Read More »Target sales are jumping as pandemic speed e-commerce shift
The coronavirus pandemic has widened the gap between winners and losers of retail, increasing the capacity of large U.S. chains that could remain open throughout the pandemic and feed America’s basic needs. The evidence was strong this week when nationwide retailers revealed they were heading out the summer months in …
Read More »Amazon is betting on office work with expansion in big cities
Amazon.com Inc. expands its physical offices into six U.S. cities and adds thousands of business jobs in those areas, an indication that the tech giant is making long-term plans for office work, even if other businesses include continued remote employment. Amazon is preparing to add 3,500 business jobs across hubs …
Read More »