Business

A Target store in Culver City, California. Mark Ralston | AFP | Getty Images Target on Tuesday outpaced fourth-quarter earnings expectations, but revenue fell short because of weak sales of toys, electronics and home goods over the holidays. Shares were up fractionally in premarket trading. Here’s what Target reported compared with what analysts were expecting, based
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Microsoft founder Bill Gates Lintao Zhang/Getty Images Billionaire and Microsoft co-founder Bill Gates said the coronavirus that has killed at least 2,859 people and infected more than 83,700 globally may be the “once-in-a-century pathogen we’ve been worried about.” “I hope it’s not that bad, but we should assume it will be until we know otherwise,”
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Walmart logo is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Yichuan Cao | NurPhoto | Getty Images Walmart has named Jamie Iannone its chief operating officer for U.S. e-commerce, after the Sam’s Club executive helped oversee digital initiatives for the retailer’s membership-based subsidiary. In a company memo
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Laboratory technicians work on testing samples from people to be tested for the COVID-19 coronavirus at a laboratory in Shenyang in China’s northeastern Liaoning province on February 12, 2020. STR | AFP | Getty Images The Centers for Disease Control and Prevention said it’s increasing coronavirus testing capabilities at state and local labs after California
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Bob Chapek (C) Chairman of Parks, Experiences, and Products for the Walt Disney Company speaks during the dedication ceremony for the “Rise of the Resistance” attraction opening at Galaxy’s Edge at Disney’s Hollywood Studios on December 04, 2019 in Orlando, Florida. Gerardo Mora The head of Disney’s parks, experiences and products is now its new
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At least a few executives at major automakers have indicated that electric cars are the way of the future, and several of them are making big bets on battery-powered vehicles. But at least in the United States, the market seems to belong almost entirely to Tesla. The California carmaker’s Model 3 midsize sedan far outstripped
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The eighth-generation Chevrolet Corvette started its life as a Frankenstein test vehicle that parts of the previous generation sports car and Australian-made pickup called the Holden Ute, codenamed internally as “Blackjack.” That included exterior features of the pickup. Michael Wayland / CNBC LAS VEGAS – General Motors took unprecedented steps in an attempt to hide
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A health worker sprays disinfectant inside a Vietnam Airlines airplane to protect from the recent coronavirus outbreak, at Noi Bai airport in Hanoi, Vietnam February 21, 2020. Kham | Reuters Airlines have canceled more than 200,000 flights as the coronavirus continues to spread, prompting travel restrictions and a sharp drop in demand for trips to
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2020 Chevrolet Corvette Michael Wayland / CNBC LAS VEGAS – The success of the 2020 Chevrolet Corvette won’t solely be defined by the car’s profits, performance or initial sales, which the company is describing as “unprecedented.” The success of the eighth-generation Corvette will largely rest on whether the mid-engine vehicle can attract a new generation
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This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 75,200 Total deaths: At least 2,007 12:49 pm: Fed’s Kashkari warns US could feel economic impact from persistent outbreak Minneapolis Federal Reserve President Neel Kashkari warned the U.S. would likely feel economic effects
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