Target's red flag, Walmart vs. Trump, and Elon Musk vs. Bill Gates: Business news roundup

High-income U.S. consumers are pulling back. Mortgage applications are down, Walmart (WMT) is reporting grocery gains from monied households suddenly keen for deals on eggs and bananas. And now Target joins a growing list of beloved brands waving the red flag that a recession may be coming. Read more...

May 24, 2025 - 12:16
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Target's red flag, Walmart vs. Trump, and Elon Musk vs. Bill Gates: Business news roundup

High-income U.S. consumers are pulling back. Mortgage applications are down, Walmart (WMT) is reporting grocery gains from monied households suddenly keen for deals on eggs and bananas. And now Target joins a growing list of beloved brands waving the red flag that a recession may be coming.

Read more...