The real warning in Target's holiday sales: Toys are in trouble

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The real warning in Target's holiday sales: Toys are in trouble

Target didn’t have the strong holiday in the toy department that many expected, ringing alarm bells for the entire industry. The retailer on Wednesday reported its toy sales were about flat over the 2019 holidays compared with the prior year, though it said it …
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Fed's Harker Says Rates Should Hold Steady For Now, Money Markets Calm

NEW YORK—Federal Reserve Bank of Philadelphia leader Patrick Harker said Wednesday that while he was very skeptical of last year’s central bank rate cuts, he believes monetary policy is now in a “good place.” “I don’t think we need to move rates in either …
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Chicago May Ban Styrofoam Containers at Restaurants

If the last few years made enemies of plastic straws, it looks like 2020’s villain could be single-use polystyrene (Styrofoam) food containers. Two Chicago council members want to ban the disposable containers and curb the use of plastic silverware and …
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Renewable energy is growing fast in the US, but fossil fuels still dominate

Most Americans (77%) say it’s more important for the United States to develop alternative energy sources, such as solar and wind power, than to produce more coal, oil and other fossil fuels, according to a recent Pew Research Center survey. Which raises the …
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Why Shares of Chinese Electric-Car Maker NIO Are Flying High Today

Shares of Chinese electric-car maker NIO (NYSE:NIO) were sharply higher on Wednesday morning after a Chinese business-news outlet reported that the cash-strapped company had secured new financing from a major automaker. As of 12 p.m. EST, NIO’s …
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