Business

Locked up merchandise, to prevent theft in Target store, Queens, New York.  Lindsey Nicholson | Universal Images Group | Getty Images Target said Wednesday that organized retail crime will fuel $500 million more in stolen and lost merchandise this year compared with a year ago. Target’s shrink totaled about $763 …

Carrier aircraft VMS Eve is seen in the background shortly after releasing VSS Unity, which is firing its engine and acclerating during the company’s fourth spaceflight test, Unity 22, carrying founder Richard Branson on July 11, 2021. Virgin Galactic Virgin Galactic is targeting as early as May 25 for the …

Target on Wednesday topped Wall Street’s earnings expectations, even as the discounter’s sales barely grew year-over-year and its shoppers bought more necessities. Shares were choppy in premarket trading as investors processed the report and the company’s second-quarter guidance. Target said it expects sales to remain sluggish in the current quarter, …

Elon Musk told CNBC’s David Faber on Tuesday that he doesn’t care if his inflammatory tweets scare advertisers away from Twitter. “I’ll say what I want, and if the consequence of that is losing money, so be it,” said Musk, who owns Twitter. Musk has for years tweeted controversial items, …

World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty Images World Wrestling Entertainment and Endeavor’s UFC announced last month they would merge later this …

Ben Johns leaps across the kitchen for a backhand shot during the PPA Carvana Arizona Grand Slam Pro Men’s Doubles Championship match at Legacy Sports USA on February 19, 2023 in Mesa, Arizona. Bruce Yeung | Getty Images Amazon Prime members can now add pickleball coverage to their list of …

Target and The Home Depot store signage. Robyn Beck | AFP | Getty Images Home Depot and Target may sell very different kinds of merchandise. But the home improvement retailer’s slashed forecast could be seen as a warning sign for the cheap chic retailer. Target will report its fiscal first-quarter …

Ted Soqui | Corbis | Getty Images Comcast will likely sell its 33% stake in Hulu to Disney at the beginning of 2024, Comcast Chief Executive Brian Roberts said Tuesday. Comcast and Disney struck a deal in 2019 that allowed Disney the option to buy out Comcast’s minority stake in …

Homebuilders are getting a big boost from the lack of existing homes for sale, and that appears to be outweighing some of the challenges they’re facing from financial markets. Builder confidence in the market for newly built single-family homes rose 5 points in May to 50, according to the National …

Did someone say superhero fatigue? Not with James Gunn at the helm. In its second week in theaters, the director’s “Guardians of the Galaxy: Vol. 3” proved that audiences are still willing to venture out to see costumed heroes on the big screen. Most blockbuster films’ ticket sales drop between …