Archive List for Money

Target’s (TGT) latest earnings report did not meet Wall Street’s expectations, as the retail giant reported a 3% year-over-year decline in sales and missed estimates for adjusted earnings. Storch Advisors CEO Jerry Storch joins Catalysts to discuss what these results mean for the broader state of the consumer. Storch suggests that the consumer slowdown has been brewing for some time, but its effects have been “disguised” by inflation. He notes, “The consumer is spending more and getting less, and they know it” — forcing consumers to prioritize essential expenditures like food and healthcare. With Target having “made its name around nice-to-have fun products,” Storch argues this is what is causing […]

The auto industry has faced various obstacles, from tariffs and dips in electric vehicle demand to auto worker strikes. It has also been challenging for consumers as prices for used cars have been higher, though shoppers recently felt some relief. Cars Commerce Senior Director of Industry Data and Insights Rebecca Lindland joins Wealth! to give insight into the auto industry moving forward and what consumers need to keep in mind when shopping for vehicles. On the shifts occurring in the industry, Lindland claims, “We do see some signs of stabilization. So when we look at particularly month over month, when we look at year over year, we are still seeing […]

China’s Chamber of Commerce to the European Union (CCCEU) signaled that it “could raise its temporary tariff rate on imported large-engine vehicles to a maximum of 25 percent.” The potential tariff comes after the Biden administration announced an increase in tariffs on Chinese electric vehicles, among other imports. Yahoo Finance’s Akiko Fujita joins Catalysts to break down the potential tariff increase from China and in the impacts it will have on global vehicle imports. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and […]