Facing huge inventory, Target cuts vendor orders, prices
NEW YORK — Target is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices to clear out amassed inventory ahead…
AP Wire
Kohl’s stock surges on buyout talks with Franchise Group
Shares of Kohl’s are up more than 12% before the opening bell today after the retailer said that it is in advanced talks to be…
Amid crypto turmoil, senators propose sweeping oversight
WASHINGTON — A bipartisan pair of senators has unveiled what would be the most wide-ranging legislative proposal to regulate cryptocurrencies and other digital assets, following…
U.S. wins case to seize Russian superyacht in Fiji, sails away
WELLINGTON, New Zealand — The United States won a legal battle today to seize a Russian-owned superyacht in Fiji and wasted no time in taking…
Australian central bank hikes rate for 2nd time in 5 weeks
CANBERRA, Australia — Australia’s central bank today lifted its benchmark interest rate for a second time in five weeks, changing the cash rate to 0.85%…
Stocks climb on Wall Street, led by more gains in tech
NEW YORK — Stocks are off to a higher start on Wall Street today led by more gains in big tech companies. The S&P 500…
Musk threatens to walk away from Twitter deal
DETROIT — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him…
British Prime Minister Johnson survives no-confidence vote
LONDON (AP) — British Prime Minister Boris Johnson has survived a no-confidence vote, securing enough support in his party to remain in office despite a…
Lebanon urges US envoy to end maritime dispute with Israel
BEIRUT (AP) — The Lebanese government invited on Monday a U.S. envoy mediating between Lebanon and Israel over their disputed maritime border to return to…
Canada fund invests $5 billion in DP World’s Dubai home base
DUBAI, United Arab Emirates — International port operator DP World said today it sold a stake in its home base, the Jebel Ali Port, and…