Target just sent up a giant red flag about the U.S. consumer

Why is Wolfspeed facing bankruptcy fears? How did Trump's tariffs impact Target's sales? What is OpenAI's $6.5B deal with Jony Ive? Why did US 20-year bond yields spike recently? How is Google expanding AI in search? What caused Dow's recent sharp decline? Why did the Senate pass the no tax on tips bill? How are retail companies managing tariff costs? What impact do US-China chip export curbs have?

Target just sent up a giant red flag about the U.S. consumer

qz.com/tgt-wmt-earnings-may-21-consumer-signals-1851781659

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…

This story appeared on qz.com, 2025-05-21 13:17:12.660000.