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Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio Stocks closed sharply lower on Wall Street Wednesday as dismal results from Target renewed fears that inflation is battering U.S. companies.Target lost a quarter of its value, dragging other retailers down with it, after saying its profit fell by half in the latest quarter as costs for freight and transportation spiked. That comes a day after Walmart cited inflation for its own weak results.

COVID-19 cases are increasing in the United States – and could get even worse over the coming months, federal health officials warned in urging areas hardest hit to consider reissuing calls for indoor masking. Wednesday's development comes just as Turkey renewed its objections to the two Nordic countries joining.

Lane and prosecutors have agreed to a recommended sentence of three years, which is below state sentencing guidelines. New York Gov. Kathy Hochul is touting a package of executive orders and gun control bills in the aftermath of a racist attack on a Buffalo supermarket. Shkreli's attorney, Ben Brafman, said in a statement Wednesday that the 39-year-old Shkreli, often referred to as the "Pharma bro" in reports, was released from a prison in Allenwood, Pennsylvania. He said his client was transferred to a Bureau of Prisons halfway house after completing programs that enabled him to earn early release.

It will be interactive, featuring audience engagement, and celebrate performers from around the world, displaying what it calls"incredible feats that push the limits of human potential.” Sgt. Vadim Shishimarin could get life in prison for shooting a a 62-year-old Ukrainian man in the head through an open car window on Feb. 28.

Printing mistakes will force local election officials in Pennsylvania and Oregon to redo thousands of mailed ballots, a laborious process that could delay results for some closely contested races in Tuesday’s primaries.

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Stocks fall sharply as Target's woes renew inflation fearsThe Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday.
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Stocks fall sharply as Target's woes renew inflation fearsNEW YORK (AP) — The Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday, as big earnings misses by Target and other major retailers stoked investors' fears that surging inflation could cut deeply into corporate profits. I was telling my wife a joke about inflation, but she didn't get it. It really fell flat. If you have to spend all you money on gasoline, other purchases will be cut back. Companies doing deliberately inflation to profit
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Nasdaq, S&P 500 drop 3% as growth stocks rally wanesThe Nasdaq and the S&P 500 dropped 3% on Wednesday as a rally in growth shares faded amid economic growth concerns, while Target plunged to the bottom of the S&P 500 after the retailer became the latest victim of surging prices.
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Inflation and rising interest rates driving investors away from stocks and into cashThe combination of soaring inflation and monetary policy tightening by the Federal Reserve is leading investors into cash as the stock market continues to decline and fears of a recession grow.
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Morgan Stanley names 5 cheap global stocks — and gives all at least 20% upsideMorgan Stanley analysts have shared their top global stock picks in a choppy market. At least. The manager of CPODX should be fired 🚨 Bag holder alert 🚨
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