Target stock could stay in the penalty box as the retailer aggressively sells slow-moving inventory and industry discounting picks up amid the economic slowdown, Jefferies analyst Stephanie Wissink warns. Wissink, citing “profit warnings from peers & suppliers and pressure on discretionary wallets,” slashed her EPS estimates on Target for the balance of 2022 and 2023 in a new note on Monday. “The cut to our model appears drastic at face value, fully discounting Target’s ability to bounce back… Source link

The design of the experience was inspired by nostalgic, throwback car wash elements such as shimmery plastic strip curtains, spinning buffers, and retro signage.Photo: Courtesy of SuperflyWhile most brands activate around LGBTQIA+ rights in June to commemorate the 1969 Stonewall riots in New York City, Yahoo is celebrating all summer long as part of its “Let’s Glow” campaign. After kicking off during Pride month in Washington, D.C. on June 12, Yahoo has plans to pop up at other Pride… Source link

Another day, another training camp practice for the entire league. Some of the biggest questions were answered this week, especially for Seattle Seahawks wideout D.K. Metcalf, who signed a three-year, $72 million deal Thursday. There are few major deals left on the table, though, including San Francisco 49ers receiver Deebo Samuel, Cincinnati Bengals safety Jessie Bates and Los Angeles Chargers safety Derwin James. Another safety, Bills’ Micah Hyde, avoided major injury this week after… Source link

Intel CEO Pat Gelsinger has tasked his team with finding new cost savings as the chip giant tries to battle back from a challenging second quarter while also rebuilding the company for the future. “This is a time for a bit of austerity,” Gelsinger told Yahoo Finance on Friday (video above). “We had stuff we created over the last decade that needed to be cleaned up. It helps drive a more accelerated pace to the transformation we have under way.” Gelsinger told investors on the company’s second… Source link

Ken Griffin — who needs him? Nobody at the announcement last week of Google taking over the Thompson Center uttered anything close to that sentiment, but it hung in the air of the building’s atrium as Gov. J.B. Pritzker and others paraded to a podium to heap praise on Chicago’s new BBF — best business friend. Joining the governor were… Source link

Errol Musk, left, the father of the tech billionaire Elon Musk.GIANLUIGI GUERCIA / AFP) (Photo by GIANLUIGI GUERCIA/AFP via Getty Images/Dimitrios Kambouris/Getty Images for The Met Museum/Vogue Elon Musk’s father, Errol, said on an Australian radio show he wasn’t proud of his billionaire son alone. Errol said the family had done “a lot of things,” though he added Elon had “really surpassed the mark.” Errol said Elon’s younger brother, Kimbal, was his “pride and joy.” Elon Musk’s dad has said he… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, August 1, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. This earnings season feels toxic: seemingly one word away from everything falling apart at any given time. And that underlying volatility, friends, is why it’s a terrible time right now… Source link

SG Americas Securities LLC raised its stake in Yandex (NASDAQ:YNDX – Get Rating) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,440 shares of the information services provider’s stock after purchasing an additional 11,304 shares during the quarter. SG Americas Securities LLC’s holdings in Yandex were worth $862,000 at the end of the most… Source link

The founder of Russian internet major Yandex, Arkady Volozh, could agree to a new shareholder and management structure for the company in exchange for the Kremlin’s permission to develop some of Yandex assets independently abroad, The Bell reported citing unnamed sources. bne IntelliNews covered… Source link

The founder of Russian internet major Yandex, Arkady Volozh, could agree to a new shareholder and management structure for the company in exchange for the Kremlin’s permission to develop some of Yandex assets independently abroad, The Bell reported citing unnamed sources. bne IntelliNews covered… Source link