Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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Stocks making the biggest moves midday: Microsoft, Moderna, Mobileye, Chegg and more

Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading. J.B. Hunt Transport Services — The transportation stock jumped 4% after executives said on an earnings call that they expect to see the freight market rebound in second quarter going into third quarter as inventory resets. The company reported fourth-quarter results fell short of analysts’ expectations on both top and bottom lines, according to StreetAccount. Moderna — Shares rose 2.7% a day after the pharmaceutical company…

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Target hopes value-hungry shoppers will come to the rescue this holiday season

Target is stressing value this holiday season, as consumers feel pinched by inflation. At its store in New Jersey, signs that advertise low-priced items are more prominent than in previous years. Melissa Repko | CNBC FAIRFIELD, N.J. — Inside of this large store in the suburbs, Target is trying to create some holiday magic for shoppers. Christmas tunes play over the loudspeaker. Adult- and kid-sized mannequins show off matching family pajamas. Red and green pillows decorate the shelves. The big-box retailer is looking for some of its own magic, too.…

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Here’s what Black Friday sales tell us about the retail sector — and our top pick

The holiday shopping season got off to a solid start over the weekend, as Black Friday’s online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe’s online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. That’s up 2.3% over last year and well above expectations of a 1% increase. But that’s only one piece of the puzzle. In another early look report, traffic on Black Friday at brick-and-mortar retail stores rose about 3% over 2021, according…

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Retailers are under pressure to turn deep discounts into big sales on Black Friday

Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several of them reported a slowdown in sales heading into the do-or-die holiday shopping season. Macy’s, Target, Kohl’s, Gap and Nordstrom spoke about a lull in sales in late October and early November. Target cut its holiday-quarter outlook and Kohl’s pulled its forecast, citing the slow sales. Macy’s CEO Jeff…

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Stocks making the biggest moves midday: Ross Stores, Carvana, Coinbase, Rent the Runway and more

Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its top pick in the off-price retail sector. Analyst Michael Binetti boosted his price target to $123 from $99. On Thursday, Ross Stores reported third-quarter earnings-per-share of $1.00, versus a Refinitiv estimate of 81 cents. Foot Locker — Shares jumped 7% after…

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Stocks making the biggest moves premarket: Foot Locker, JD.com, Gap and others

Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares soared 14% in the premarket after beating top and bottom line estimates for its latest quarter. The apparel and footwear retailer also raised its full-year forecast and reported an unexpected rise in comparable store sales. JD.com (JD) – The China-based e-commerce company reported better-than-expected quarterly results as Covid-related lockdowns in China prompted more consumers to shop online. JD.com shares jumped 5.2% in premarket trading. Gap (GPS) – Gap shares rallied 5.1% in premarket trading…

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Stocks making the biggest moves after hours: Live Nation, Gap, Ross Stores, Palo Alto and more

Check out the companies making headlines in midday trading. Gap – The retailer popped 10% after beating Wall Street’s estimates for revenue. Gap also also gave a cautious outlook for the holiday season. Palo Alto Networks – Shares of the cybersecurity provider added 6.5% after beating expectations for revenue and per-share earnings, according to Refinitiv. Ross Stores – Shares shot up 15% following the discount retailer’s report of beats on per-share earnings and revenue for the latest quarter. Live Nation – The Ticketmaster parent gained nearly 3% following Ticketmaster’s announcement…

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Gap beats on third-quarter revenue, but tempers expectations for holiday season

Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. The apparel retailer — which includes its namesake brand, Banana Republic and Athleta — said it anticipates its overall net sales could be down mid-single digits year-over-year in the fourth quarter of fiscal 2022. Chief Financial Officer Katrina O’Connell said while the company made progress in reducing its bloated…

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5 things to know before the stock market opens Monday

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., November 11, 2022.  Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. A little fall sunshine Stocks are coming off a strong week, thanks in large part to a cooler-than-expected inflation reading that prompted hopes of lighter rate hikes from the Federal Reserve. The S&P 500 had its best week since June, while the Nasdaq had its best frame since…

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