Target, Lowe’s fall; TJX, Agilysys rise

May 18, 2022, 1:15 PM | Updated: 1:25 pm

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

Target Corp., down $53.67 to $161.61.

The retailer’s first-quarter profits were squeezed by higher costs amid persistently rising inflation.

Lowe’s Companies Inc., down $10.21 to $183.32.

The home improvement retailer reported disappointing sales.

TJX Companies Inc., up $4 to $60.19.

The owner of T.J. Maxx and Marshalls reported strong first-quarter earnings.

The Container Store Group Inc., up 51 cents to $7.72.

The storage products retailer handily beat Wall Street’s fiscal fourth-quarter profit forecasts.

Agilysys Inc., up $3.66 to $39.60.

The software provider for the lodging and leisure sectors gave investors a strong revenue forecast.

Triumph Group Inc., down $3.98 to $17.90.

The aircraft component manufacturer’s quarterly earnings and revenue fell short of analysts’ forecasts.

Shoe Carnival Inc., down $5.23 to $26.49.

The footwear retailer gave investors a disappointing profit forecast.

Citigroup Inc., down $1.73 to $49.32.

Falling bond yields weighed on banks, which rely on higher yields to charge more lucrative interest on loans.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Olga Rudneva walks along the edge of a crater Thursday, Aug. 18, 2022, from a rocket strike yesterd...
Associated Press

2 Russian villages evacuated after fire at munitions depot

KYIV, Ukraine (AP) — The residents of two villages in Russia’s Belgorod region on Ukraine’s northeastern border were evacuated after a fire at a munitions depot near the village of Timonovo, the region’s governor said Friday. There were no casualties in the late Thursday blaze, Gov. Vyacheslav Gladkov said. The fire came days after another […]
4 hours ago
In this photo provided by the Malacanang Presidential Photographers Division, Philippine President ...
Associated Press

US lawmakers meet detained Philippine opposition leader

MANILA, Philippines (AP) — U.S. Sen. Edward Markey, who was once banned from the Philippines by former President Rodrigo Duterte, on Friday met a long-detained Filipino opposition leader, whom he says was wrongfully imprisoned under Duterte and should be freed. Markey, a Democrat from Massachusetts, and a group of U.S. legislators met former Sen. Leila […]
4 hours ago
FILE - President Joe Biden speaks during an event in the East Room of the White House, Aug. 10, 202...
Associated Press

Biden to host ‘unity’ summit against hate-fueled violence

WILMINGTON, Del. (AP) — President Joe Biden will host a White House summit next month aimed at combating a spate of hate-fueled violence in the U.S., as he works to deliver on his campaign pledge to “heal the soul of the nation.” The White House announced Friday that Biden will host the United We Stand […]
4 hours ago
Associated Press

China jails Canadian tycoon for 13 years for finance crimes

BEIJING (AP) — A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined $8.1 billion, a court announced. Xiao Jianhua was convicted of misusing billions of dollars of deposits from banks and insurers controlled […]
4 hours ago
A ship navigates along the Jialing River near its meeting with the Yangtze River in southwestern Ch...
Associated Press

Yangtze shrinks as China’s drought disrupts industry

CHONGQING, China (AP) — Ships crept down the middle of the Yangtze on Friday after China’s driest summer in six decades left one of the mightiest rivers barely half its normal width and set off a scramble to contain the damage to a weak economy in a politically sensitive year. Factories in Sichuan province and […]
4 hours ago
Tracy Carlos uses a candlelight to do her homework in Mabvuku on the outskirts of Harare on Wednesd...
Associated Press

Zimbabweans hit by 257% inflation: Will gold coins help?

HARARE, Zimbabwe (AP) — After working as an overnight security guard at a church in Harare’s impoverished Mabvuku township, Jeffrey Carlos rushes home to help his wife fetch water to sell. Prolonged water shortages mean most residents of the capital city of more than 2.4 million must source their own water. Carlos is lucky because […]
4 hours ago

Sponsored Articles

...
Dr. Richard Carmona

Great news: Children under 5 can now get COVID-19 vaccine

After more than two years of battle with an invisible killer, we can now vaccinate the youngest among us against COVID-19. This is great news.
(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
Target, Lowe’s fall; TJX, Agilysys rise