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Target wrestles with pullback in spending and theft that may cost retailer more than $1B this year

Published Wed, 26 Feb 2025 01:33:28 GMT

NEW YORK (AP) — Target on Wednesday reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period.The Minneapolis company is dealing with rising costs, which includes rising theft as a big factor, and consumers who have become more cautious about spending.The company still topped Wall Street expectations and stuck to annual profit guidance above industry analyst projections. Shares rose 1.4% before the opening bell. Target is among the first major U.S. retailers to report quarterly results, and a lot of attention will be paid to the impact that stubbornly high inflation and tightening credit are having on customers. Walmart reports earnings Thursday. Macy’s, Kohl’s and Nordstrom post quarterly results later this month.Home Depot, the nation’s largest home improvement retailer, said Tuesday that sales for the first quarter fell 4.2%, and it expects its first annual revenue decline since 2009. Also on Tuesday, U.S. data sho...

Última hora de Guillermo Lasso y la disolución de la Asamblea Nacional de Ecuador, en vivo

Published Wed, 26 Feb 2025 01:33:28 GMT

Haz clic aquí para ver las actualizaciones más recientesMiembros de la Asamblea Nacional votan a favor de la destitución del presidente ecuatoriano Guillermo Lasso por presunta corrupción durante una sesión en Quito el 9 de mayo de 2023. (Foto de RODRIGO BUENDIA/AFP vía Getty Images)The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.Source

Miami Springs PD releases surveillance video after armed suspect assaults 67-year-old hotel clerk

Published Wed, 26 Feb 2025 01:33:28 GMT

The Miami Springs Police Department released a new surveillance video Wednesday on their official Twitter page that showed a 67-year-old hotel clerk at Miami Springs Inn getting brutally beaten by an armed suspect. On May 4, authorities responded to the hotel, located on the 600 block of East Drive, after reports of a stabbing. When officers arrived on the scene, they found the stabbing victim incoherent with a cut on his left cheek. According to police, the elderly man was able to explain to officers what happened shortly after he woke up. The victim said two people, later identified as Wayne A. Bromfield Jr. and Tanya Frazier Williams, entered the office to rent a room reserved under Bromfield Jr.’s name. Williams provided her ID for the rental, but when there was an issue with payment, the three of them got into an argument.Bromfield Jr. threatened the 67-year-old man’s life and left the room after Williams advised him not to. Then, Williams demanded and snatched mone...

Brawl breaks out at Disney’s Magic Kingdom

Published Wed, 26 Feb 2025 01:33:28 GMT

LAKE BUENA VISTA, Fla. (WSVN) — Cell phone video captured an altercation between two families at the most magical place on earth.The fight happened Monday when authorities said a family stepped in front of another family who was trying to take a picture.One family member then punched a member of the other family in the face.Orange County deputies said at least one person was treated for minor injuries at the scene but did not want to press charges. Two people involved were removed from the theme park.

Rishi Sunak walks away from leadership pledge to close China-backed Confucius Institutes

Published Wed, 26 Feb 2025 01:33:28 GMT

LONDON — The U.K. government won’t shut down Chinese-state sponsored Confucius Institutes across the country despite a Conservative leadership pledge made by Prime Minister Rishi Sunak.A British government spokesman confirmed Wednesday it would be “disproportionate” to ban the 30 institutes, which promote and teach Chinese culture and Mandarin language and which are attached to universities across the U.K.Sunak had promised to close all of them during his first run for the Conservative leadership in July 2022, arguing that they serve as a tool to promote Chinese soft power.“We recognise concerns about overseas interference in our higher education sector, including through Confucius Institutes, and regularly assess the risks facing academia,” the spokesman said. “We are taking action to remove any government funding from Confucius Institutes in the U.K., but currently judge that it would be disproportionate to ban them.”The U-turn, first reported by TalkTV, has already infuriated som...

Inflation? Don’t blame us, says bank chief

Published Wed, 26 Feb 2025 01:33:28 GMT

LONDON — Bank of England Governor Andrew Bailey hit back at critics of the central bank’s record on Wednesday, insisting that it shouldn’t be blamed for rampant inflation.“Even if we had had the benefit of full hindsight in the run-up to the war in Ukraine, and ample advanced warning,” Bailey said in a keynote speech to the British Chambers of Commerce, “then in order to keep inflation at around 2 percent, we would have had to raise Bank Rate well into double digits, sending unemployment much higher than it is today, and we would have had to do so in the middle of the worst pandemic in more than a century.”Bailey is due in parliament on Thursday to face questions from the Treasury Select Committee on the impact of the Bank’s ‘quantitative easing’ policies over the last decade, which some economists argue has played a large role in preparing the ground for last year’s surge in prices. The Bank has already tried to push back ...

EU Commission delays flagship Green Deal package

Published Wed, 26 Feb 2025 01:33:28 GMT

The European Commission has delayed four key pieces of Green Deal legislation, according to the new Commission program seen by POLITICO. With European elections now set for June 6-9, 2024, the holdup will increase pressure on Ursula von der Leyen’s Commission to push through its green agenda before the clock runs down on its mandate.The executive will not publish the food and biodiversity package until July 5 — a month later than originally planned. This package includes a new Soil Health Law, regulation on plants produced by new genomic techniques (NGTs) and revisions of the food waste and textiles aspects in the EU Waste Framework Directive and of legislation on seeds and other plant and forest reproductive material. The delay comes as the EU’s green policies face pushback from the center-right European People’s Party (EPP), which has been pitching itself as a defender of farmers ahead of next year’s vote.The conservative party recently adopted a resolution re...

New Yorker wins big in Bay State after buying winning Lucky for Life ticket at Hannaford supermarket in Waltham

Published Wed, 26 Feb 2025 01:33:28 GMT

A man from New York who stopped by a grocery store for popsicles ended up with a winning Lucky for Life ticket and a nearly $400,000 prize.Robert Ayebale, who hails from Willsboro, New York, won big after the first five numbers on his Quic Pic ticket matched the digits selected during a May 10 drawing.According to the Massachusetts State Lottery, Ayebale works as a private aid and bought the ticket after he had stopped at the Hannaford supermarket in Waltham to buy popsicles for the person he works for.That ticket ended up having the right combination for the game’s $25,000 a year for life prize.According to lottery officials, Ayebale opted for the prize’s cash option and received a one-time payment of $390,000 (before taxes). He also said he hoped to use the money to buy a house and help his community.The Hannaford supermarket on Russell Street also received a $5,000 bonus for selling the winning ticket.

Two suspects arrested in connection with violent robbery in Manchester, NH

Published Wed, 26 Feb 2025 01:33:28 GMT

Police in Manchester took two men into custody following a violent robbery that happened in the city earlier in the month.Officials said David Hoffens, 30, and Adrian Hardisty, 26, were arrested in connection with a theft that occurred on May 2, involving a victim who was assaulted on Calef Road.According to the department, it was around 9 p.m. when the victim was walking through the area and was approached from behind by an SUV. Police said two males exited the vehicle and proceeded to grab the victim, drag him to the ground, and assault him before taking the victim’s iPhone and other items and driving away.“Through the course of the investigation, Manchester Police were able to identify the two suspects as 30-year-old David Hoffens and 26-year-old Adrian Hardisty, both of Manchester,” the department stated in a news release.Both suspects were arrested and charged with Felony Robbery. Police also discovered Hardisty had multiple warrants for his arrest, with charg...

Blue Jays bring Aaron Judge, coaching suspicions to MLB, but Yankees not expecting investigation

Published Wed, 26 Feb 2025 01:33:28 GMT

TORONTO — A night after Aaron Judge’s wandering eyes drew suspicions from Blue Jays broadcasters and manager John Schneider, Major League Baseball is aware of Toronto’s concerns.Schneider said Toronto talked to the league about Yankees coaches being out of place — such as first base coach Travis Chapman being well outside the box to the side of first base so that he could relay pitches — in Monday’s series opener. This happened after broadcasters Dan Shulman and Buck Martinez noticed Judge looking away from the mound before clobbering a 462-foot home run in the Yankees’ Monday win.Judge and Aaron Boone claimed that the slugger looked toward the Yankees’ dugout because peers were still “chirping” at home plate umpire Clint Vondrak after Boone was ejected, which annoyed Judge as he tried to focus on his at-bat.“I’m kind of looking like, ‘Who’s still talking?’ It’s 6-0,” Judge said Mon...