Thursday, February 6

Author: Grace Thompson

Target stock falls 21% as big discounting effort falls short
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Target stock falls 21% as big discounting effort falls short

Target blamed slower-than-expected demand for its profits on Wednesday, which were far below Wall Street's projections. The company reported 20% lower-than-expected profits, the largest shortfall in two years. Meanwhile, for the first time in almost a year, revenues fell short of projections. As a result, Target's shares dropped more than 21% on Wednesday. Despite a much-publicized drive to reduce thousands of items and a pushed-up holiday sale, the disappointing results were still obtained. Target CEO Brian Cornell blamed the poor quarter on the costs of getting ready for the short-lived October port strike and persistent slowness in discretionary categories during a call with reporters. Michael Fiddelke, the chief operating officer of Target, adding that it was sad that after boosting ou...
Bargain-hungry shoppers prove choosy about where to spend their holiday dollars
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Bargain-hungry shoppers prove choosy about where to spend their holiday dollars

As the holiday shopping season begins, the fortunes of major merchants are diverging. Walmart nailed it, while Target missed the goal. Analysts attribute this discrepancy in part to bargain-hunting consumers' picky tastes for unnecessary items. The primary conclusion is that American consumers continue to be extremely cost-conscious and are progressively choosing Walmart over numerous other businesses, such as Target, according to Brad Thomas, managing director at KeyBanc Capital Markets. Target stated on Wednesday that a major contributing factor to its poor third-quarter sales was the persistent slowness in discretionary categories, as many shoppers on a tight budget continue to prioritize basics. It's the most recent indication that, like they have been for a large portion of this year,...
Alec Baldwin’s ‘Rust’ earns polite response at world premiere as Halyna Hutchins honored
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Alec Baldwin’s ‘Rust’ earns polite response at world premiere as Halyna Hutchins honored

Alec Baldwin's Western film Rustre received a courteous reception during its contentious debut on Wednesday at the EnergaCamerimage festival in Toru, Poland, more than three years after cinematographer Halyna Hutchins died unintentionally on shoot. The audience cheered during the movie's final credits, and their cheers got louder as a tribute to Hutchins was shown. But before the credits rolled and before a Q&A with director Joel Souza—who was also hurt in the October 2021 shooting accident that happened during production in New Mexico—and cinematographer Bianca Cline, who finished the film, a good number of attendees exited the auditorium. According to an event spokeswoman, Alec Baldwin, the producer and celebrity who was in charge of the prop pistol at the time of the mishap, was not...
Shakes on a plane: Delta to serve Shake Shack cheeseburgers on flights leaving Boston
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Shakes on a plane: Delta to serve Shake Shack cheeseburgers on flights leaving Boston

As part of a new collaboration with the New York-based burger chain, Delta Air Lines will start experimenting with its menu by serving Shake Shack cheeseburgers on flights from Boston starting in December. However, not all Delta passengers will have access to airborne hamburgers. Beginning on December 1, Delta Airlines said in a news release that only first-class passengers traveling more than 900 miles will be allowed to choose a Shake Shack cheeseburger as their meal option. Beginning seven days prior to departure, customers can use the Fly Delta app or a link in their email to make and modify their entry selection up to 24 hours in advance. According to Stephanie Laster, Managing Director of Onboard Service at Delta, "We're excited to elevate the offering with Shake Shack because our cu...
TikTokers highlight the wacky products in their local HomeGoods stores
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TikTokers highlight the wacky products in their local HomeGoods stores

A visit to HomeGoods is like going on a treasure hunt for Aubrey Gavello and Alex Wood. The couple from San Francisco recently participated in a TikTok fad where customers display the oddball objects they bought from their neighborhood HomeGoods stores. The trend emphasizes furnishings and home décor that are occasionally strange but appear to be exclusive to the store. Since it disappears the following day, you feel compelled to take it with you. Gavello, 27, discussed the allure of HomeGoods merchandise. A Christmas mannequin with a pine needle skirt, a bust of a woman with bubbles on her head, a lanky horse statue, and other items were discovered by Gavello and Wood.Their TikTokis video is one of many that have received millions of views on the chain of home decor stores. Wood, 31, sta...
The best new products this month from Apple, Dagne Dover and more
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The best new products this month from Apple, Dagne Dover and more

Our favorite product debuts are highlighted in the NBC Select sNew & Notable column, which includes this story. Throughout the month, we will keep this post updated with any new releases that we believe you should be aware of. Tech launches Apple Apple Mac Mini (M4) Apple Mac Mini (M4) Compared to earlier models, this new Mac mini is considerably different. The exterior features a revolutionary design that weighs only 1.5 pounds (down from 2.6 pounds) and is less than half as large as previous models, measuring five by five by two inches. By default, it has 16GB of RAM (up from 8GB on previous models) and Apple's most recent M4 CPU. NBC Select reporter Harry Rabinowitz claims that in his years of covering technology, he has never seen a computer this compact with such...
U.S. shuts Kyiv embassy over ‘significant air attack’ threat
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U.S. shuts Kyiv embassy over ‘significant air attack’ threat

Ukraine's KYIV The United States announced on Wednesday that it has closed its embassy in Kyiv, the capital of Ukraine, on specific notification of a possible major airstrike. Following Ukraine's initial attack on Russian territory using long-range weapons provided by the United States and President Joe Biden's approval of the transfer of antipersonnel land mines to Ukraine to aid in repelling Moscow's soldiers, the decision was made. In a security advisory, the embassy stated that it had closed out of extreme caution and that staff members were being told to stay indoors. It further stated that in the event of an air alert, Americans should seek shelter. In light of the war, which entered its 1,000th day on Tuesday, closing the embassy is not a novel tactic. Following the U.S. warning,...
The best wireless earbuds of 2024, tested and reviewed
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The best wireless earbuds of 2024, tested and reviewed

Wireless earbuds are a daily need for most people, whether they are using them to listen to podcasts or answer calls at work. Apple headphones are now the most preferred option in the US. They are not, however, the sole choice available. GO Ahead and Skip2024's top wireless earbuds | How to buy wireless earbuds | Why NBC Select is a reliable source? I examined dozens of options, including some of the most well-known brands available, to help you narrow down your search for the best wireless earbuds. In order to better meet your unique daily demands, I concentrated on important elements like comfort and quality. Selected. Our top picks Best for iPhone Apple AirPods Pro (2nd Gen, USB-C) $189.00 $249.00 Ama...
‘Air Bud’ creator and San Diego native battling health concerns and homelessness
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‘Air Bud’ creator and San Diego native battling health concerns and homelessness

Kevin DiCicco, a native of San Diego, gets prepared for his second performance. The man who is credited with making the film Air Bud has been homeless and dealing with a number of health problems, but he is getting back on his feet thanks to the generosity of others. Generations of children were inspired by the basketball-playing golden retriever that was the face of Air Bud. The film franchise made its debut in 1997, and its spinoffs have made over $200 million. "This amazing canine athlete was created by the combination of my obsession with sports and his obsession with playing with a ball," DiCicco said of Buddy. DiCicco, the owner of the celebrity dog, claimed that he didn't see much of the profit despite the popularity, adding that he was under more stress because he lost his job as a...
Chuck Todd: Trump is burning his political capital quickly
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Chuck Todd: Trump is burning his political capital quickly

We want to teach our children a variety of competitive skills, the most important of which are how to be a good loser and a good winner. Winners may discover that the long-term advantages of choosing the high road require them to be more polite, even if they don't feel particularly polite. This is especially true when it comes to governing, especially when doing so in a divisive environment. Losers who aspire to have futures typically exhibit the trait of not seeming resentful. Naturally, Donald Trump has not always adhered to these fundamental principles of political civility. The president-elect has, in fact, been a little more gracious since winning this election, in part because he prevailed by a greater margin than he did in 2016. He's feeling quite good about himself, especially when...