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Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall
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Shares of Target collapsed Wednesday after the brick-and-mortar retailer posted disappointing first-quarter earnings spurred by unexpectedly high costs that offset rising sales—spelling more...
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‘Pharma Bro’ Shkreli freed from prison for halfway house
Convicted pharmaceutical executive Martin Shkreli has been freed from prison after serving much of a seven-year prison sentence for lying to hedge fund...
Business
Convicted Insurance Mogul Ordered to Give Up Control of Companies
Businesses owned by Greg Lindberg could be sold to repay insurers Under the ruling, released Wednesday, the bulk of Mr. Lindberg's private...
Business
Billionaire Yusaku Maezawa Sells Basquiat Painting For $85 Million As Market For Artist’s Work Heats Up
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Japanese e-commerce billionaire Yusaku Maezawa sold one of his Jean-Michel Basquiat paintings for $85 million including fees at Phillips auction house...
Tech
Google’s Russian subsidiary to file for bankruptcy after bank account seized
Google's Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors.But free...
Business
Biden invokes Defense Production Act for formula shortage
President Joe Biden has invoked the Defense Production Act to speed production of infant formula and has authorized flights to import supply from...
Business
Biden invokes Defense Production Act for formula shortage
President Joe Biden has invoked the Defense Production Act to speed production of infant formula and has authorized flights to import supply from...