New York (CNN Business)Target is stuck with too much home decor and too many TVs. To clear out the glut, it will ramp up discounts. The retail giant said Tuesday that it would mark down prices on some bigger-ticket items that consumers have pulled back on purchasing and cancel pending orders from suppliers. It’s a sharp reversal from much of […]

With a couple of exceptions, solar industry stocks were posting decent gains Monday morning following President Joe Biden’s announced steps to boost solar manufacturing in the United States and roll back tariffs on solar modules and cells manufactured abroad for a period of 24 months. Biden authorized the Department of Energy to use the power of the Defense Production Act […]

New York (CNN Business)The pandemic brought a wave of new investors into the stock market. And now those newbies are facing their first major market downturn. Some Millennials and Gen Z-ers found themselves jobless and bored during peak Covid, yet flush with sudden access to cash through stimulus programs and increased federal unemployment payments. And the pandemic-fueled market dip provided […]

Gold prices drifted lower on Friday as the dollar moved up amid rising prospects of aggressive rate hikes by the Federal Reserve after data showed a stronger than expected growth in U.S. non-farm payroll employment in the month of May. Hawkish comments from Fed Vice Chair Lael Brainard weighed on gold prices earlier in the day. Brainard told CNBC it’s […]

Over the course of the pandemic, and now the Ukraine conflict, weaknesses within the supply chain were exposed. Brick-and-mortar retail was devastated. On the other hand, internet retailers suffered some but largely weathered the storm. With some weaknesses abating, one analyst believes that there very well could be an upswing for everyone who survived the market carnage—a lot of these […]

After an early move to the upside, treasuries turned in a lackluster performance over the course of the trading session on Thursday. Bond prices pulled back off their early highs and spent much of the rest of the session lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down […]

Gold prices drifted lower on Tuesday as the dollar climbed higher against most of its major peers and bond yields moved up amid rising prospects of stricter policy measures by the Federal Reserve and the European Central Bank to combat soaring inflation. The dollar index climbed to 102.17 in early New York session, but pared most of its gains subsequently […]