Wednesday, August 19

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Tech Thirteen years after the 60 Minutes reveal, Amazon's drone bet is finally scaling Economy China holds its benchmark lending rates for a 15th straight month Companies Target raises its outlook as a $994 million tariff refund flatters a real recovery Markets Washington tightens the screws on Iran as tanker escorts revive Hormuz traffic Personal Finance When driving across town for cheaper gas actually pays off Tech OpenAI counters Anthropic with a no-retention approach to AI safety monitoring Economy Trump pauses 50% tariffs as the US and Canada close in on a trade deal Companies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says no Tech Thirteen years after the 60 Minutes reveal, Amazon's drone bet is finally scaling Economy China holds its benchmark lending rates for a 15th straight month Companies Target raises its outlook as a $994 million tariff refund flatters a real recovery Markets Washington tightens the screws on Iran as tanker escorts revive Hormuz traffic Personal Finance When driving across town for cheaper gas actually pays off Tech OpenAI counters Anthropic with a no-retention approach to AI safety monitoring Economy Trump pauses 50% tariffs as the US and Canada close in on a trade deal Companies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says no

Topic: target

The exterior of a Target store

Wednesday, 8/19, 09:54 PM

Target raises its outlook as a $994 million tariff refund flatters a real recovery

Target lifted its full-year earnings guidance to $9.90-$10.90 per share and projected about 5% net sales growth after a second quarter in which comparable sales rose 3.8%.
The headline number got a large one-time boost: a $994 million tariff refund worth about $1.65 per share, which investors should strip out to see the underlying turnaround.

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