INSIDER
A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Read full article: A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarterTarget has reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items.
A tale of two retailers: Target reverses sales slump while Macy's reports another quarterly decline
Read full article: A tale of two retailers: Target reverses sales slump while Macy's reports another quarterly declineGrocery aisle deals for cash-strapped customers and an emphasis on affordable but stylish clothes has helped Target reverse a year-long sales slump.
Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
Read full article: Stock market today: Wall Street pulls closer to records after retailers top profit forecastsU.S. stocks ticked higher after more big companies delivered profit reports that topped analystsโ expectations.
Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in that
Read full article: Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in thatWith Pride Month in full gear, U.S. shoppers can find the usual merchandise many stores stock for the June celebration of LGBTQ+ culture and rights.
Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
Read full article: Target to reduce number of stores carrying Pride-themed merchandise after last year's backlashTarget confirmed that it wonโt be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment.
US consumer sentiment falls slightly as outlook for inflation worsens
Read full article: US consumer sentiment falls slightly as outlook for inflation worsensConsumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americansโ outlook largely unchanged this year.
US consumers remain confident, but their feelings about the near future is a bit more cloudy
Read full article: US consumers remain confident, but their feelings about the near future is a bit more cloudyU.S. consumer confidence held steady this month even as Americans are still concerned about high prices and feeling less optimistic about the short-term future.
Target launches new paid membership program in a bid to drive sales at a time of cautious spending
Read full article: Target launches new paid membership program in a bid to drive sales at a time of cautious spendingTarget, looking for ways to reverse a sales malaise, is getting into Amazon territory: the paid membership game.
Target stops selling product dedicated to Civil Rights icons after TikTok video shows errors
Read full article: Target stops selling product dedicated to Civil Rights icons after TikTok video shows errorsTarget says it will stop selling a product dedicated to Civil Rights icons after a now-viral TikTok video spotlighted some significant errors.
The secret life of gift cards: Here's what happens to the billions that go unspent each year
Read full article: The secret life of gift cards: Here's what happens to the billions that go unspent each yearAmericans are expected to spend nearly $30 billion on gift cards this holiday, according to the National Retail Federation.
What stores are open and closed on Christmas Day in 2023? Hours for Walmart, Kroger, CVS and more
Read full article: What stores are open and closed on Christmas Day in 2023? Hours for Walmart, Kroger, CVS and moreWith Christmas right around the corner, you might want to check the list of what stores are open (and closed) twice.
Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concerns
Read full article: Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concernsThree major U.S. retailers โ Amazon, Target and Walmart โ say theyโre suspending sales of water-bead products marketed to young children due to growing safety concerns.
Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue
Read full article: Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenueMacyโs third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Streetโs expectations.
Target tops third quarter profit expectations, but inflation weighs on shoppers
Read full article: Target tops third quarter profit expectations, but inflation weighs on shoppersTarget on Wednesday reported a hefty third-quarter profit increase that handily beat Wall Street expectations, benefiting from efforts to hold down costs.
Stock market today: Asian shares fall over China-US jitters following Biden's meeting with Xi
Read full article: Stock market today: Asian shares fall over China-US jitters following Biden's meeting with XiAsian shares have retreated after Wall Street added a bit more to its big rally from a day before.
Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concerns
Read full article: Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concernsTarget says it's closing nine stores in four states, including one in New York Cityโs East Harlem neighborhood, and three in the San Francisco Bay Area.
Retail sales rise 0.6% in August largely due to a spike in gas prices
Read full article: Retail sales rise 0.6% in August largely due to a spike in gas pricesAmericans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school.
Wholesale price inflation accelerated in August from low level
Read full article: Wholesale price inflation accelerated in August from low levelU.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve.
Target Q2 sales fall on muted spending, Pride month backlash, and it cuts profit outlook for 2023
Read full article: Target Q2 sales fall on muted spending, Pride month backlash, and it cuts profit outlook for 2023Target reported its first quarterly sales drop in six years, dragged down by shoppers' inflation worries and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise.
Consumers are spending, but Wall Street and businesses expect a tighter squeeze ahead
Read full article: Consumers are spending, but Wall Street and businesses expect a tighter squeeze aheadMacyโs, Target and Dollar General are warning investors their sales will suffer this year as consumers shift spending to essentials.
Pride becomes a minefield for big companies, but many continue their support
Read full article: Pride becomes a minefield for big companies, but many continue their supportDozens of big companies from Delta and Coca-Cola to Walmart are sponsoring LGBTQ+ Pride events and displaying racks of Pride-themed merchandise.
LGBTQ+ activists call for new strategies to promote equality after Target backlash
Read full article: LGBTQ+ activists call for new strategies to promote equality after Target backlashActivists in the LGBTQ+ community are calling for new ways to mobilize against threats to their long fight for equality.
Why is Target pulling some Pride merch? The retailer's response to hostile backlash, explained
Read full article: Why is Target pulling some Pride merch? The retailer's response to hostile backlash, explainedTarget is removing some items and making other changes to its LGBTQ+ merchandise nationwide after intense backlash from some shoppers ahead of Pride month.
Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing
Read full article: Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothingTarget is removing certain items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers.
Target recalls nearly 5 million Threshold candles after severe burns, lacerations reported
Read full article: Target recalls nearly 5 million Threshold candles after severe burns, lacerations reportedTarget is recalling almost 5 million candles over laceration and burn hazards, according to a Thursday notice from the U.S. Consumer Product Safety Commission. The recall impacts Threshold-branded glass jar candles in multiple sizes and various scents. According to the CPSC, Target received 137 reports of the Threshold candlesโ jars breaking or cracking during use. Six injuries โ which included lacerations and severe burns โ were reported. Consumers with the recalled Threshold products should โshould immediately stop usingโ them, Thursdayโs notice said. The candles can be returned to any Target store or by mail for a full refund.
Walmart shines in rough retail environment, ratchets up outlook after strong first quarter
Read full article: Walmart shines in rough retail environment, ratchets up outlook after strong first quarterWalmart reported strong first-quarter sales results as the nationโs largest retailerโs low-prices continue to draw budget conscious consumers in a challenging economic environment of stubbornly high inflation.
Target wrestles with pullback in spending and theft that may cost retailer more than $1B this year
Read full article: Target wrestles with pullback in spending and theft that may cost retailer more than $1B this yearTarget has reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period.
Tepid outlook from Target after 4th quarterly profit dip
Read full article: Tepid outlook from Target after 4th quarterly profit dipTarget plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping.
Nebraska man who shot inside Target got rifle 4 days earlier
Read full article: Nebraska man who shot inside Target got rifle 4 days earlierPolice say the man who was fatally shot by police after entering a Target store in Omaha, Nebraska, armed with an AR-15-style rifle had obtained the weapon just four days earlier at a sporting goods store.
US retail sales rose 1.3% last month, a sign of resilience
Read full article: US retail sales rose 1.3% last month, a sign of resilienceAmericans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates.
Target's 3Q profit drops 52% as shoppers force price cuts
Read full article: Target's 3Q profit drops 52% as shoppers force price cutsAn unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.
Looking ahead: Which big retailers will be closed on Thanksgiving in 2022?
Read full article: Looking ahead: Which big retailers will be closed on Thanksgiving in 2022?If youโre planning on doing some last-minute shopping on Thanksgiving Day, you might want to check ahead and ensure your go-to store is open.
Trade your old car seat at Target during trade-in event for app, online discount for baby gear
Read full article: Trade your old car seat at Target during trade-in event for app, online discount for baby gearDuring the event, Target said that shoppers will have the chance to recycle an old, expired, or damaged car seat to get a coupon on the Target app or online for 20% off one car seat, stroller, or some baby gear.
Target takes a hit after heavy discounts to clear inventory
Read full article: Target takes a hit after heavy discounts to clear inventoryTarget has reported solid sales for the fiscal second quarter but its profits plunged nearly 90% because it slashed prices to clear unwanted inventories of clothing, home goods and other discretionary items.
Indian government approves new emissions targets
Read full article: Indian government approves new emissions targetsNine months after India announced its target of โnet zeroโ emissions by 2070 at the United Nations climate conference in Glasgow, the countryโs federal cabinet finally approved a new climate plan on Wednesday.
US growth in Q4 revised lower to 6.9%, slower growth to come
Read full article: US growth in Q4 revised lower to 6.9%, slower growth to comeThe U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates.
Target to invest up to $5 billion to fuel more growth
Read full article: Target to invest up to $5 billion to fuel more growthTarget will invest up to $5 billion this year in physical stores, new brands and expanding its online fulfilment as the discounter continues to drive sales growth and differentiate itself from rivals.
Target seeks to entice workers with pay of up to $24 an hour
Read full article: Target seeks to entice workers with pay of up to $24 an hourWorkers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
This storeโs Black-created products will have you wanting all the things
Read full article: This storeโs Black-created products will have you wanting all the thingsThese items โhonor the sacrifice of Black leaders of the past while amplifying and celebrating the voices of the Black community today.โ
Minnesota State Patrol purged messages after Floyd protests
Read full article: Minnesota State Patrol purged messages after Floyd protestsCourt testimony shows that the Minnesota State Patrol purged emails and text messages immediately after protests over the death of George Floyd during which the agency is accused of targeting journalists.
Target's profit surges as Americans cast restrictions aside
Read full article: Target's profit surges as Americans cast restrictions asideTargetโs sales and profits surged in the first quarter as its customers, emerging from the pandemic, returned in big numbers to its stores for dresses, cosmetics and luggage.
Hereโs how you can trade an old car seat to get new one 20% off at Target
Read full article: Hereโs how you can trade an old car seat to get new one 20% off at TargetIf youโre in a need of a new car seat or baby stroller, youโre in luck. Targetโs semi-annual Car Seat Trade-In program that allows customers to trade in their old seats for a 20% off coupon on a new car seat, booster seat, stroller or other select baby items will return to stores in April. From April 5 to April 17, customers can trade in their old car seats which will be recycled by Waste Management, Targetโs partner, and turned into an assortment of items such as pallets, plastic buckets and carpet padding. The Car Seat Trade-In programs have been held since April 2016, and Target officials say since then the company has recycled more than 1,100,000 car seats, or more than 17 million pounds of plastic and counting. Coupons can be used until May 1 in stores or online.
What side are you on: Gen Z or Millennial?
Read full article: What side are you on: Gen Z or Millennial?Join Bridget and Lindsey as they talk more about the Gen Z vs. Millennial Battle and how Target is contributing to it and the possibility of a new rule where screaming wonโt be allowed on roller coasters.
Jump in hiring fuels optimism for US economic recovery
Read full article: Jump in hiring fuels optimism for US economic recoveryThat is down dramatically from 14.8% last April, just after the virus erupted in the United States. AdโThe recovery really has some legs, some momentum now,โ said Odeta Kushi, deputy chief economist at First American Financial Corp. AdAlso hiring last month were retailers, which added 41,000 jobs, health care companies, with 46,000, and manufacturers, with 21,000. But state and local governments have slashed 1.4 million jobs since the pandemic erupted, including 86,000 last month, and most have instituted hiring freezes. The Congressional Budget Office projects the nation will add a substantial 6.2 million jobs this year.
Target powers through a pandemic; 2020 sales growth explodes
Read full article: Target powers through a pandemic; 2020 sales growth explodesFILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. The moves come as Target extended its sales streak through the holiday quarter and sales grew by more than $15 billion. Online sales soared 118%. In the previous quarter, same-store sales rose 10%, while online sales spiked 155%. Late last year, it signed a deal with beauty chain Ulta Beauty that will place Ulta shops in more than 100 Target stores by mid-2021.
US jobless claims at 730K, still high but fewest in 3 months
Read full article: US jobless claims at 730K, still high but fewest in 3 monthsThe Federal Reserve says theres evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. Jobless claims declined by 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday. Still, before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000. The latest figures coincide with a weakened job market that has made scant progress in the past three months. AdAll told, 19 million people were receiving unemployment aid as of Feb. 6, up from 18.3 million the previous week.
Federal Reserve sees modest pickup in hiring this month
Read full article: Federal Reserve sees modest pickup in hiring this monthThe Federal Reserve says theres evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. (AP Photo/Steven Senne, File)WASHINGTON โ The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. In its semi-annual monetary policy report released Friday, the Fed said it has been watching job data compiled by payroll processor ADP. AdThe report will form the basis for Federal Reserve Chair Jerome Powell's testimony next week before committees in the House and Senate. Hiring has stalled in the past three months, with job gains averaging just 90,000 a month from November through January.
US consumer prices up 0.3% in January, led by energy spike
Read full article: US consumer prices up 0.3% in January, led by energy spikeU.S. consumer prices were unchanged in October, the lowest reading in five months and an indication that the price spike seen this summer is beginning to fade as coronavirus cases start to increase. (AP Photo/Rogelio V. Solis)WASHINGTON โ U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest. Core inflation, which excludes volatile food and energy costs, is also up 1.4% with core prices unchanged in January. โConsumer price inflation remains very tame,โ said Kathy Bostjancic, chief U.S. financial economist at Oxford Economics, predicting that the upcoming rise in year-over-year inflation figures should be transitory.
Roanoke womanโs pictures go viral as part of #TargetDressChallenge
Read full article: Roanoke womanโs pictures go viral as part of #TargetDressChallengeROANOKE, Va. โ The internet has had a field day with the pandemic as different quarantine videos and memes have gone viral for nearly a year. Now, a Roanoke woman is trending after snapping a few photos in a Target dress. Lesley Butterfield picked up a floral smock after seeing the hashtag on social media. Now, Butterfieldโs pictures have been shared thousands of times. โI really think people are hitting a pandemic wall right now and they just really appreciate the humor and it just keeps going on and on,โ said Butterfield.
36 CVS stores will be administering coronavirus vaccines to eligible Virginians
Read full article: 36 CVS stores will be administering coronavirus vaccines to eligible VirginiansYou may soon be able to get your COVID-19 vaccine at your local CVS Pharmacy. Starting Feb. 12, CVS will start administering vaccines to eligible people at 36 locations throughout the Commonwealth. CVS plans to administer up to 26,000 vaccine doses at 36 Virginia stores covering the following 33 areas within Virginia:AbingdonAlexandriaArlingtonBedfordBlacksburgCharlottesvilleChathamChesapeakeDanvilleDublinFairfaxFredericksburgGainesvilleHamptonHarrisonburgLeesburgLynchburgMartinsvilleMechanicsvilleMidlothianNewport NewsNorfolkPortsmouthRichmondRoanokeRocky MountStaffordSuffolkVirginia BeachWarringtonWilliamsburgWinchesterWoodstock[Where are Virginiaโs coronavirus cases? The health departmentโs interactive map]Now, starting Feb. 11, people can start making appointments either online, on the CVS Pharmacy App or by calling CVS customer service at 1-800-746-7287. Please do not call CVS before Feb. 9 and try to make an appointment.
Biden boosting vaccine allotments, financing for virus costs
Read full article: Biden boosting vaccine allotments, financing for virus costsStarting next week, 1 million doses will be distributed to some 6,500 pharmacies across the country, the White House said. The administration is also boosting by 500,000 the weekly allocation of vaccines sent directly to states and territories for the coming weeks, up to 10.5 million. It is allowing state and local governments to receive additional federal dollars to cover previously incurred expenses relating to the pandemic. The number of participating pharmacies and the allocation of vaccines are expected to accelerate as drug makers increase production. The Biden administration has sought to increase certainty to state governments on their upcoming allocations to streamline deliveries and prevent stockpiling of second doses for the two-dose regimens.
Target thanking its employees with $500+ coronavirus pandemic bonus
Read full article: Target thanking its employees with $500+ coronavirus pandemic bonusA major retailer is thanking its employees in a major way. Target announced Monday that itโs โgiving $500 bonuses to all hourly team members in stores, distribution centers and our headquarters and field-based offices.โNot only that, all store directors, executive team leaders and salaried distribution center leaders, 12,000 in total, will receive a bonus ranging from $1,000 to $2,000. These bonuses will be going to more than 375,000 employees, in what Target is calling an investment of more than $200 million.
Retail group: holiday sales up 8.3% amid big spending shift
Read full article: Retail group: holiday sales up 8.3% amid big spending shiftThe nations largest retail trade group says Friday, Jan. 15, 2021, that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. (AP Photo/Rogelio V. Solis, File)NEW YORK โ The nationโs largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. The retail sales figures exclude sales from autos, restaurants and gas. The non-seasonably adjusted holiday figures, contrast with a downbeat report Friday from the Commerce Department that retail sales fell a seasonally adjusted 0.7% in December from the month before. However, the government reported a 3.7% retail sales gain in November and a 2.9% gain in December compared to the year-ago periods.
U.S. retail sales fell in December for 3rd straight month
Read full article: U.S. retail sales fell in December for 3rd straight month(AP Photo/John Raoux)NEW YORK โ Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season. The U.S. Commerce Department said retail sales fell a seasonally adjusted 0.7% in December from the month before. Department store chain Nordstrom, lingerie seller Victoriaโs Secret and clothing retailer Urban Outfitters all said sales fell during the holidays. The Commerce Department said shoppers cut back on spending at electronic and department stores. At clothing stores, sales rose 2.4% after dropping 16% for the year.
Target continues to thrive in whirlwind retail environment
Read full article: Target continues to thrive in whirlwind retail environmentTargets strong sales streak extended through the holiday season, as shoppers snapped up everything from clothing to home goods during the pandemic. The Minneapolis company reported Wednesday, Jan. 13, 2021, that its online sales surged 102% for the November and December period. The retailer reported Wednesday that online sales surged 102% between November and December. A fuller picture of the holiday season sales will come on Friday when the U.S. government releases its December retail sales figure. Tiffany & Co. last week reported a 2% gain in preliminary holiday sales, helped by strong sales in China and online.
Sephora to take over cosmetics in Kohl's stores
Read full article: Sephora to take over cosmetics in Kohl's storesNEW YORK โ Sephora will be replacing all cosmetics areas at Kohl's with 2,500 square foot shops, starting with 200 locations in the fall of year. Earlier this month, Target said it would be opening Ulta Beauty shops in more than 100 stores next year. J.C. Penney said its developing its own cosmetics area to replace Sephora when that agreement ends. Rougeot said Sephora was attracted to Kohl's because of its network of 1,100 stores, mostly outside of malls. The Sephora shops, which will feature about 100 brands, will be at the front of Kohl's stores.
Coat drive for Roanoke students in need
Read full article: Coat drive for Roanoke students in needROANOKE, Va. โ Keeping kids warm this winter. Thatโs the goal of a local coat drive. For the fourth year, Humble Hustle is collecting new coats for Roanoke Valley schools. The organization got $670 dollars from the Junior League of Roanoke Valley to buy coats. Humble Hustle is collecting coats (new, with tags) until Friday, December 4.
Target gains steam heading into crucial holiday season
Read full article: Target gains steam heading into crucial holiday seasonThe Minneapolis company reported Wednesday that its online sales surged 155% in the three months that ended Oct. 31. It joined Walmart and Home Depot in reporting strong third quarter sales. Last week, Target announced a deal with nationโs largest beauty store chain, Ulta Beauty, that will place Ulta shops in more than 100 Target stores by mid-2021. During the latest quarter, drive-up sales increased more than fivefold, while order pickup continues to increase with more than a 50% increase. Target is pushing shoppers to start early this holiday season to avoid a crush of customers online and in stores during the pandemic.
Ulta to open beauty shops at 100 Target stores in 2021
Read full article: Ulta to open beauty shops at 100 Target stores in 2021FILE - In this Nov. 5, 2020 file photo, women walk to an Ulta Beauty store in Schaumburg, Ill. The nations largest beauty chain has a deal to place shops in more than 100 Target stores by mid-2021. Ulta Beauty and Target said Tuesday, Nov. 10 that the shops will be located next to Targets existing beauty sections. (AP Photo/Nam Y. Huh, File)NEW YORK โ The nation's largest beauty store chain, Ulta Beauty, has a deal to place shops in more than 100 Target stores by mid-2021. โMore than ever before, now is the time for innovation in retail,โ said Mary Dillon, CEO of Ulta Beauty.
Hereโs what stores will be closed on Thanksgiving
Read full article: Hereโs what stores will be closed on ThanksgivingLooks like several big retailers across the country will be closed on Turkey Day. Many stores, including Walmart and Target, have announced they will close their doors on Thanksgiving this year. The company said in a press release that they plan on extending holiday sale prices for several weeks afterward. Meanwhile, Walmart wants to let its employees spend the holiday with their loved ones instead of working. Hereโs a list of some stores that will be closed on Thanksgiving this year:
Pandemic pushes start of holiday shopping earlier than ever
Read full article: Pandemic pushes start of holiday shopping earlier than ever(AP Photo/David Zalubowski)NEW YORK โ Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Black Friday has long been the unofficial start to the U.S. holiday season, though retailers have been pushing holiday shopping earlier for the last decade or so. The first big holiday push will come from Amazon, which is positioning its mid-October Prime Day as a kickoff to the holiday shopping season. Even with the early start to the season, holiday sales are expected to deliver smaller gains than in recent years. Joel Bines, who runs the retail practice at AlixPartners, thinks the earlier shopping will stick even when the pandemic is over.
US layoffs remain elevated as incomes and spending weaken
Read full article: US layoffs remain elevated as incomes and spending weakenOverall jobless aid has shrunk in recent weeks even as roughly 25 million people rely upon it. Total paid unemployment benefits plunged by more than half in August, according to the Commerce Department. Most of them are transitioning to an extended jobless aid program that provides benefits for an additional three months. Weekly applications for unemployment benefits are typically watched as a proxy for layoffs, although the data has become muddied in recent months. On Friday, the government will issue the jobs report for September, the final such report before Election Day, Nov. 3.
Twisted Sister to anti-maskers: Donโt use our protest song
Read full article: Twisted Sister to anti-maskers: Donโt use our protest songSnider said the group doesn't have his โpermission or blessing to use my song for their moronic cause." Target was fined for not enforcing the county's mask law and citations were mailed to the protesters, the South Florida Sun Sentinel reported. Fort Lauderdale resident Chris Nelson told the newspaper that his group, ReOpen South Florida, organized the โflash mob." Danielle Schumann, a Target corporate spokeswoman, said Target requires shoppers to wear masks inside stores. Nelson told the Sun Sentinel he will continue to use the Twisted Sister song, despite Snider's criticism.
COVID-19 danger continues to drive joblessness in US
Read full article: COVID-19 danger continues to drive joblessness in USUntil the pandemic upended the operations of American companies, from factories to family diners, weekly jobless aid applications had never exceeded 700,000 in the U.S. Theyโve topped 700,000 for 26 consecutive weeks. An extra $600 in weekly unemployment benefits ran out July 31, squeezing households that had depended on the beefed-up payments. President Donald Trump issued an executive order Aug. 8 providing a scaled-back version of the expanded jobless aid. Most states signed up for federal grants that let them increase weekly benefits by $300 or $400. The extra $600 in weekly jobless benefits didnโt replace all her lost income but helped.