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Target Q2 sales fall on inflation, Pride month shopper backlash and it cuts profit outlook for 2023

Published Mon, 23 Dec 2024 17:56:54 GMT

NEW YORK (AP) — Target reported a second-quarter sales drop, dragged down by shoppers’ inflation worries and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise.The Minneapolis retailer expects high interest rates, which makes credit cards more expensive to use, and higher prices on food to continue to put a strain on customers and on Wednesday, the chain cut its profit outlook for the year. It also expects sales will decline for the remainder of the year. In lowering its forecast, Target also cited the end of the student loan moratorium, which had provided one-time college students a little more financial breathing room. Profit came in above expectations, however, as Target brought inventories closer in line with cautionary spending on discretionary items by customers. Shares rose nearly 6% in early morning trading Wednesday despite trimming profit expectations for the year. Target is among the first major U.S. retailers to repor...

Correction: IndyCar-RLL Changes story

Published Mon, 23 Dec 2024 17:56:54 GMT

In a story published Aug. 15, 2023, about Rahal Letterman Lanigan Racing replacing driver Jack Harvey with Conor Daly in its No. 30 car, The Associated Press erroneously reported the injured driver Daly has been filling in for. It is Simon Pagenaud, not Helio Castroneves.Source

Rosie’s Gaming Emporium clears final hurdle for ballot initiative to open Manassas Park location

Published Mon, 23 Dec 2024 17:56:54 GMT

The interior of the Rosie's Gaming Emporium in Dumfries.(Courtesy InsideNoVa) The interior of the Rosie's Gaming Emporium in Dumfries.(Courtesy InsideNoVa) This article was written by WTOP’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today.A ballot initiative to bring a Rosie’s Gaming Emporium to Manassas Park cleared its final hurdle Friday.A question asking voters whether they wish to allow pari-mutuel gambling in the city to make way for a new Rosie’s location will appear on the November ballot after Prince William County Circuit Court Judge Kimberly A. Irving signed off on a 533-signature petition (450 signatures, or 5% of the city’s voters...

Raise a glass: Virginia’s ABC is making changes to its online alcohol lottery system

Published Mon, 23 Dec 2024 17:56:54 GMT

It’s not Mega Millions or Powerball, but changes are being made to a lottery — of a different sort — in Virginia.Following “statistically abnormal” results earlier this year, Virginia Alcoholic Beverage Control Authority (Virginia ABC) is updating how it runs lotteries for special releases of alcoholic products, according to its website.Virginians, who are over 21 years old, can buy products like sought bourbons, whiskeys and other small batch spirits through periodic online lotteries.New changes to how the lottery is run include:Removing the one-per-household entry restrictionRequiring that the person picking up the beverage must be a winner — not a surrogate.Proof of ID is being restricted to only those issued by the Virginia DMV or the military.Last spring, the lottery honored results of a drawing where the same participants won multiple times after a review found no proof of inappropriate administration of the lottery drawing, or intentional m...

Stock market today: Wall Street is mixed a day after latest August tumble

Published Mon, 23 Dec 2024 17:56:54 GMT

NEW YORK (AP) — Wall Street is drifting at the open of trading, and stocks are mixed a day after their latest tumble. The S&P 500 was 0.1% lower Wednesday, coming off a loss of 1.2%. The Dow was virtually unchanged, and the Nasdaq composite was 0.4% lower. Stocks have been pulling back in August amid several concerns, including worries that their gains in the first seven months of the year were overdone and that interest rates may stay higher for longer. The Federal Reserve may offer more clues about where rates are heading when it releases the minutes from its latest meeting in the afternoon.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street trading is stable early Wednesday, a day after another economic red flag for China’s economy overshadowed more evidence that consumer spending in America, a dominant driver of the U.S. economy, remains very strong. Futures for the Dow Jones industrials and S&P 500 were essentially unchanged before the ope...

Bonmati wants another championship soccer trophy for Spain. This time a Women’s World Cup title

Published Mon, 23 Dec 2024 17:56:54 GMT

AUCKLAND, New Zealand (AP) — Aitana Bonmati remembers the moment Andres Iniesta scored at the 2010 World Cup clearly, even though she was only 12 years old.Iniesta’s extra-time goal in the championship match against the Netherlands at Johannesburg gave Spain a 1-0 win for its first and only men’s World Cup trophy.Bonmati says it’s time for a new Spanish champion, this time at the Women’s World Cup. Spain will play England in Sunday’s final in Sydney after the Lionesses beat Australia 3-1 in a semifinal Wednesday.“I hope we can repeat the history with our team,” Bonmati said. Spain advanced to the final with a 2-1 victory over Sweden on Tuesday, a game that saw all three goals come in the final 10 minutes. Bonmati calls Iniesta and teammate Xavi her idols. Iniesta, 39, now plays with Emirates in the UAE Pro League. He celebrated La Roja’s victory on social media, proclaiming “Enormous!”Spain broke through the scoreless stalemate with Sweden in the ...

Poudre School District is changing how kids adjust going back to school

Published Mon, 23 Dec 2024 17:56:54 GMT

FORT COLLINS, Colo. (KDVR) — Wednesday morning, some students in the Poudre School District are headed back to school. Aug. 16 is what the district calls "Transition Day" for middle and high school students.Many districts are coming around to the idea that transitions are tough and kids might need a little extra time adjusting. Poudre School District is dedicating a day to doing just that, allowing new students to get the lay of the land before any school work starts. How to get your kids into the back-to-school routine Poudre School District said research shows the transition from middle to high school, and what happens during the freshman year, is as important as what happens for students in early childhood education. High school is a completely different environment with a completely different set of expectations, so parents should expect and plan for an adjustment period, according to Undivided. Poudre High School gave students a chance to go through their schedule and act...

Biden is set to mark the anniversary of his signing of a major climate, health and tax law

Published Mon, 23 Dec 2024 17:56:54 GMT

WASHINGTON (AP) — The White House is ramping up its efforts to illustrate the real-world impact of President Joe Biden’s signature climate, health care and tax law by showing how various Americans say they’ve benefited from his economic policies on the anniversary of the so-called Inflation Reduction Act.At a White House event Wednesday afternoon to celebrate a year since he signed the bill, Biden will stand alongside people — from union workers to small business owners to consumers — who the White House says have been aided by the law. That sweeping package, along with the bipartisan infrastructure law and a massive bill that bolsters production of semiconductor chips, make up the core of what the White House has branded “Bidenomics.” It’s aggressively promoting the concept as Biden seeks to improve his standing with voters amid his re-election campaign.Before the East Room event, the administration is rolling out a new online tool on invest.gov that relays stories from...

Pembroke Pines Police searching for escaped prisoner

Published Mon, 23 Dec 2024 17:56:54 GMT

Authorities are searching for a 32-year-old man who escaped from custody at South Florida State Hospital around midnight. Jeremiah Garza is a white male, and stands at 5’9″ with shoulder-length dark hair and was seen wearing a red and black striped shirt, camouflage pants and a brown coat.https://twitter.com/PPinesPD/status/1691813388836299144?s=20According to Pembroke Pines Police, Garza is diagnosed with bipolar disorder and schizophrenia and residents should not approach him. Anyone with information regarding his whereabouts is urged to call 911 or 954-431-2200.

Australian surfers ‘stoked to be alive’ as they heap praise on Indonesia rescuers

Published Mon, 23 Dec 2024 17:56:54 GMT

(CNN) — Four Australian surfers who were saved after 38 hours at sea have spoken publicly for the first time after their miraculous rescue, thanking those involved in the operation, as the search continues for one more person still missing.Australians Steph Weisse, Will Teagle, Jordan Short and Elliot Foote, and two unnamed Indonesian nationals were found floating on their surfboards on Tuesday morning. They had gone missing Sunday off the Sumatran coast in western Indonesia, after their boat was struck by a storm.According to their families, the four Australians were on a surf trip in Indonesia to celebrate Foote’s 30th birthday. One Indonesian among the group remains missing.“We’re really happy to be back on land now, dry, hydrated, fed, back with our friends,” said Foote in a video supplied to CNN by a spokesperson for the families. The video shows all four Australians sitting outdoors surrounded by greenery, some still just wearing their swimwear.Teagle chimed in, saying he was ...