NEW YORK — Grocery aisle deals and an emphasis on affordable but stylish clothes helped Target reverse a year-long sales slump, while Macy’s on Wednesday reported another quarterly decline and said sales for the fiscal year will be weaker than expected due to a “more discriminating consumer” outlook. Macy’s posted a profit of $150 million, or 53 cents per share, …
The US Federal Reserve, which has spent nearly two years raising interest rates to combat inflation, will announce its monetary policy decision on Wednesday, January 31. However, the Fed's decision on rate increase will be announced by the Chair of Federal Reserve, Jerome Powell, in a press conference today at 2.30 pm ET. While the Federal Reserve forecasts three rate …
Oil-and-gas companies have built up a mountain of cash with few precedents in recent history. View Full Image FactSet/WSJ Six companies often described as Big Oil—Italy’s Eni, France’s TotalEnergies, the U.K.’s Shell and BP, and domestically headquartered Chevron and Exxon Mobil—reported nearly $160 billion in cash and cash equivalents across their balance sheets at the end of the first quarter. …
