Target comes up short after having shown signs of improvement in its business to cap off 2023.
As inflation persistently squeezes consumer wallets, its impact on food security for American households is becoming increasingly apparent. Alarmingly, a study by the Urban Institute reveals that nearly one in five adults have resorted to dipping into savings intended for other purposes to cover their grocery bills. Yahoo Finance's Brad Smith discusses the far-reaching implications of inflationary pressures within the food industry. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Target stock and TJX diverged after announcing earnings results early Wednesday. Target announced price cuts to thousands of items this week.