business

Morning Business Report: July 1st, 2022

Back-to-school spending is expected to plunge from last year’s highs and gas prices have been edging lower into the Independence Day Weekend. Jane King is at the Nasdaq with those…

Facing huge inventory, Target cuts vendor orders, prices

NEW YORK (AP) — Target is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions, announced Tuesday, come…