Target (TGT) Q1 2024 earnings

A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items. The Minneapolis-based retailer has set low expectations for the year ahead. … Read more

Microsoft, Khan Academy provide free AI assistant for all US teachers

Microsoft is partnering with tutoring organization Khan Academy to provide a generative AI assistant to all teachers in the U.S. for free. Khanmigo for Teachers, which helps teachers prepare lessons for class, is free to all educators in the U.S. as of Tuesday, with the financial support of Microsoft. The program can help create lessons, … Read more

Chinese EV company Xpeng shares surge after forecasting delivery growth

The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries. The company’s Hong Kong-listed shares rose more than 13% in … Read more

Why workers may not want to tap retirement savings to buy a home

Some young retirement savers say they might raid their 401(k) accounts to buy a home. Doing so, however, could be to their detriment, experts warn. Nearly one-third (30%) of aspiring homeowners say they plan to withdraw funds from their 401(k) plan to fund a purchase, according to the Real Financial Progress Index by BMO Financial … Read more

New highs on Wall Street, Fed’s Waller says rate cuts months away

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City.  Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to … Read more

Lawmakers debate if child savings accounts may reduce wealth inequality

Urbazon | E+ | Getty Images An unequal distribution of wealth in the U.S. can make it so some children are behind from birth. Now lawmakers are considering whether federal children’s savings accounts can help. One proposal — the 401Kids Savings Act — would create savings accounts for all newborns. Low- and moderate- income families … Read more

Eli Lilly, Novo Nordisk develop weekly insulin

A patient injects herself with an insulin pen. Guido Krzikowski | Bloomberg | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! The rivalry between Eli Lilly and Novo Nordisk extends beyond a buzzy class of weight loss and diabetes drugs called GLP-1s.  … Read more

RFK Jr. says he invested $24,000 in GameStop after meme stock revival

Independent U.S. presidential candidate Robert F. Kennedy Jr. hikes in the Santa Monica Mountains in Los Angeles on March 18, 2024. Mike Blake | Reuters Robert F. Kennedy Jr., the third-party challenger to President Joe Biden and former President Donald Trump in the 2024 election, said Tuesday that he had invested $24,000 in the meme … Read more

Japan’s government issues ‘rules of life’ to help foreigners fit in

Japan recently introduced a Digital Nomad Visa that allows foreigners from 49 countries to live in the country for six months. But before they pack their bags, they may want to read Japan’s “Life and Work Guidebook,” which is aimed at helping foreigners fit in. The guidebook, published by Japan’s Immigration Services Agency, provides advice … Read more

Cramer looks at why enterprise, data tech companies are winning

CNBC’s Jim Cramer on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph. “Right now, you have to follow the money, and it’s currently flowing to businesses that cater to other businesses and the ones that need to interrogate … Read more