Bata India shares fall nearly 2% as Q1 profit plunges 70% YoY on muted demand
Shares of Bata India Limited slipped 1.93% to Rs 1,160.60 on Tuesday after the company reported a steep 70% year-on-year (YoY) drop in its consolidated net profit for Q1 FY26. The stock traded between Rs 1,152.50 and Rs 1,177.50 during the session, giving the company a market capitalization of Rs 14,918 crore and a price-to-earnings ratio of 45.11.
For the quarter ended June 30, 2025, consolidated net profit fell to Rs 52 crore from Rs 174 crore in the year-ago period. Revenue from operations was marginally lower at Rs 941.85 crore compared to Rs 944.63 crore a year earlier. Total expenses rose to Rs 884 crore from Rs 878 crore in the same quarter last year, as higher costs and subdued consumer demand weighed on performance.
MD and CEO Gunjan Shah attributed the weakness to fluctuating weather patterns, geopolitical uncertainties, and an unfavourable high base effect. He noted that the company continued to push affordability initiatives across categories to drive volume-based growth, and expressed optimism about consumption recovery in the second half of the year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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16 minutes ago
- Geek Wire
Next-gen battery company Group14 lands $463M despite clean tech headwinds
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Yahoo
44 minutes ago
- Yahoo
Vitamin Supplements Market Size to Capture USD 113.93 Billion by 2034, Driven by Growing Health Awareness, Innovative Product Forms and AI Integration
According to Towards FnB, the global vitamin supplements market size is evaluated at USD 59.92 billion in 2025 and is predicted to hit around USD 113.93 billion by 2034, growing at a CAGR of 7.4% during the forecast period from 2025 to 2034. Ottawa, Aug. 20, 2025 (GLOBE NEWSWIRE) -- The global vitamin supplements market size stood at USD 55.79 billion in 2024 and is expected to grow steadily form USD 59.92 billion in 2025 to around USD 113.93 billion by 2034, expanding at a CAGR of 7.4% from 2025 to 2034, according to study published by Towards FnB, a sister firm of Precedence Research. The market has experienced significant growth in recent years, largely due to the rapid prevalence of diseases affecting a substantial portion of the population. An increasing health-conscious attitude among people of different age groups, along with rising awareness about health and nutrition, are also growth factors for the market. Note: This report is readily available for immediate delivery. We can review it with you in a meeting to ensure data reliability and quality for decision-making. Access the Full Study Instantly | Download Sample Pages of the Report Now@ Market Overview The vitamin supplements market is observing a huge hike in the recent period due to the developing health-conscious attitude among the population of different age groups. Vitamin supplements help consumers to complete their nutritional requirements easily, which might be missed from the regular diet. Such supplements are focused on providing the nutrition required in an ideal quantity, making it easy for an individual to measure the quantities as per their health. Innovation in the supplements market has made it easy for kids to consume vitamin supplements. They are available in gummy form and in different flavors to make it easy for kids to maintain their nutritional requirements. Adults also enjoy such a form of supplements and do not miss out on their gummies, helping them to maintain their nutritional requirements and keeping deficiencies at bay. It helps consumers to avoid various health issues caused by vitamin deficiency, such as skin and hair issues, overall health, cell repair and growth, and immune function. Consumer preferences are shifting, particularly among millennials and Gen Z, who are prioritizing natural and plant-based supplements. A significant portion of these consumers is leaning toward gummy supplements, as they are perceived as more enjoyable and easier to incorporate into daily routines. Additionally, vegan vitamin supplements are seeing increased demand due to the rise in plant-based diets. Key Highlights of the Vitamin Supplements Market By region, North America dominated the vitamin supplements market in 2024, whereas the Asia Pacific is expected to grow in the foreseeable period due to the growing population's health management and the need to keep the aging population healthy. By form, the tablet segment led the market for vitamin supplements in 2024, whereas the gummies segment is expected to grow in the foreseen period due to its convenience factor and availability of flavors, making it easy for kids to consume. By type, the multivitamin segment led the vitamin supplements market in 2024, whereas the vitamin D segment is expected to grow due to the rising prevalence of cardiovascular diseases among the population of different age groups. By distribution channel, the offline segment led the vitamin supplements market in 2024, whereas the online segment is expected to grow in the foreseen period due to the rise of online platforms, due to its multiple benefits, and providing a knowledge factor. New Trends in the Vitamin Supplements Market High demand for recovery supplements has been observed in the recent period, as such supplements help in quick recovery after exercising. They are made up of ingredients like electrolytes for hydration, protein for muscle repair, and various other essential nutrients that help replenish energy and lower soreness after a heavy training session. Collagen supplements are another highly demanded supplement in the market as they support hair, nail, and skin health. Hence, the beauty trends help the sale of the product, further helping the growth of the vitamin supplements market. Magnesium is another vitamin supplement highly demanded in the market these days, as it aids in natural sleep. It helps to aid rest for the body, helpful for muscle repair. The vitamin supplements market is also experiencing growth due to government initiatives, NGO initiatives, and educating people about the importance of vitamin supplements. How Has AI Impacted the Vitamin Supplements Market? Artificial intelligence (AI) is reshaping the vitamin supplements market by driving innovation, personalization, and efficiency across the value chain. One of the most notable benefits is the ability of AI to analyze massive datasets on consumer health profiles, genetic information, and lifestyle patterns to create personalized supplement recommendations. This has fueled the rise of customized vitamin packs and subscription models tailored to individual nutritional needs. AI also accelerates research and development by simulating ingredient interactions, predicting efficacy, and identifying emerging health trends, enabling faster launches of new and targeted formulations. In manufacturing, AI-powered quality control systems ensure consistency and safety by detecting impurities or variations in raw materials and finished supplements. Marketing strategies have become more precise as AI-driven tools leverage customer behavior analytics and social media sentiment to design targeted campaigns that resonate with different age groups and health-conscious consumers. Recent Developments in the Vitamin Supplements Market In April 2025, Vitamin Shoppe launched its GLP-1-inspired line of supplements to aid natural weight loss. The line consists of meal replacement powder, fiber supplements, and a multivitamin supplement. (Source- In July 2025, Vegamour launched its vegan haircare and hair growth supplements. The supplements combine vitamins, minerals, and adaptogens essential for hair growth and strengthen the hair locks. (Source- View Full Market Intelligence@ Market Dynamics What are Major Drivers for Vitamin Supplements Market? Multiple health factors have helped the growth of the vitamin supplements market in the recent period. Growing awareness of health and overall fitness, and a health-conscious attitude among people, have helped the growth of the vitamin supplements market. The increasing prevalence of different types of diseases also helps the growth of the market in the form of high demand for vitamin supplements. Growing consciousness for hair, skin, and nail health is also leading to demand for collagen supplements, further boosting the growth of the vitamin supplements market. A busy lifestyle leading to improper nutrition and an incomplete diet is also helping the growth of the market, as supplements help to recover the nutritional deficiencies. What Factors Create Limitations for Vitamin Supplements Market? High demand for different types of vitamin supplements by different age groups is one of the major challenges observed in the growth of the vitamin supplements market. If the supply is inadequate as per the demand, then the population may miss out on their supplements, lowering the market's growth. Supply chain disruptions due to multiple reasons are also a major reason affecting the growth of the market. What is the Largest Potential Factor for Vitamin Supplements Market? Innovation in vitamin supplements is helping the growth of the vitamin supplements market, as consumers are highly demanding such supplements. Vitamins are essential for overall health and are also an essential part of maintaining beauty features such as hair, skin, and nail health. Hence, such factors also help the growth of the market. Availability of vitamin supplements in plant-based forms for vegans and plant-diet followers is also helping the growth of the market. Gummies and flavored vitamin supplements are also aiding the growth of the market in the foreseeable period. Vitamin Supplements Market Regional Analysis North America dominated the Vitamin Supplements Market in 2024 North America led the vitamin supplements market in 2024 due to rising awareness about health and nutrition, and overall well-being in the region. Consumers in the region are conscious about the overall well-being and importance of vitamin supplements for the same. High demand for vitamin D, vitamin C, multivitamins, zinc, and collagen supplements has also helped the growth of the vitamin supplements market in the region. High demand for organic and plant-based supplements has also helped the growth of the market. Canada has a huge contribution to the growth of the market in the region, with high demand for vitamin D supplements for its multiple benefits and overall health benefits too. Asia Pacific Is expected to Grow with the Highest CAGR in the Forecast Period Asia Pacific is expected to grow with the highest CAGR in the forecast period due to the rising aging population in the region. Vitamin supplements are helpful for maintaining overall health and completing the nutritional requirements that might not be fulfilled with a basic diet. Hence, such supplements are essential for growing kids and aged adults to complete their nutritional requirements. Countries like China, Japan, and South Korea have the highest contribution to the growth of the market due to the rising aging population of the region. Vitamin Supplements Market Report Scope Report Attribute Key Statistics Base Year 2024 Forecast Period 2025 to 2034 Growth Rate from 2025 to 2034 CAGR of 7.4% Market Size in 2024 USD 55.79 Billion Market Size in 2025 USD 59.92 Billion Market Size by 2034 USD 113.93 Billion Dominated Region North America Fastest Growing Region Asia Pacific Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa Have Questions? Let's Talk—Schedule a Meeting with Our Insights Team: Vitamin Supplements Market Segmental Analysis Form Analysis Why Did the Tablet Segment Lead the Vitamin Supplements Market in 2024? The tablet segment led the vitamin supplements market in 2024 due to its convenience factor and multiple health benefits for the human body. Tablets are easy to consume, have a longer shelf life, and are also easy to carry while travelling, so that one doesn't miss out on essential nutrients while being outdoors. Tablets available in different coatings, as per the preference of each individual, also help the growth of the vitamin supplements market. Gummies and slow-release tablets for their full-day effect also help the growth of the market. The Gummies Segment is Expected to Grow in the Forecast Period Gummy vitamins are expected to grow in the foreseeable period due to their multiple health benefits available in different flavor options. Due to the innovation and availability in chewy texture and different flavors, kids easily consume such nutritional gummies. It helps them to maintain their nutritional requirements. Adults can also consume vitamin gummies to complete their nutritional requirements and avoid deficiencies, further fueling the growth of the vitamin supplements market. It is, though, advised to keep a check on the consumption of vitamins such as calcium, iron, vitamin D, and vitamin A, as their high consumption is harmful to health. Type Analysis Why Did the Multivitamin Segment Lead the Vitamin Supplements Market in 2024? The multivitamin segment led the vitamin supplements market in 2024 due to its importance and high consumption globally, as it helps in aiding overall health. The multivitamins are essential for people of different age groups and their overall well-being. Hence, their high consumption at the global level helped the growth of the market in 2024. Vitamin C, vitamin D, and zinc top the list of essential nutrients and hence are highly demanded, further fueling the growth of the market. The Vitamin D Segment Is Observed to Grow in the Foreseen Period High demand for vitamin D these days, for its multiple health benefits, is helping the growth of the vitamin supplements market in the foreseeable future. Vitamin D, along with calcium, helps build bone health and keep the bones healthy. The nutrient also helps to maintain immunity, along with maintaining muscles and brain cells. Distribution Channel Analysis How Did the Offline Segment Lead the Vitamin Supplements Market in 2024? The offline segment led the vitamin supplements market in 2024 due to its convenience factor, allowing consumers to shop for the required supplements easily and refill them as well. The segment also helped the growth of the market by providing different types of supplements along with beauty supplements and treatments, alongside further fueling the beauty trends and market growth. The Online Segment is Expected to Grow in the Expected Timeframe The online segment is observed to grow in the foreseen period due to its high demand from the convenience and knowledge point of view. The E-pharmacy option is extremely beneficial for seniors, the disabled, and consumers living in remote areas who might face issues in visiting pharmacies physically. Online pharmacies also provide discounts on certain occasions, making the supplement shopping more economical. Hence, the segment is observed to fuel the growth of the vitamin supplements market in the foreseeable period. Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@ Additional Topics Worth Exploring: Infant Nutrition Market: The global infant nutrition market size is set for steady growth increasing from USD 60.13 billion in 2025 to USD 144.11 billion by 2034, with a CAGR of 10.2% during the forecast period from 2025 to 2034. Infant Formula Ingredient Market: The global infant formula ingredient market size increasing from USD 25.01 billion in 2025 to USD 57.07 billion by 2034, driven by a CAGR of 9.60% during the forecast period from 2025 to 2034. Food Leavening Agent Market: The global food leavening agent market size is projected to witness strong growth from USD 7.64 billion in 2025 to USD 11.06 billion by 2034, reflecting a CAGR of 4.2% over the forecast period from 2025 to 2034. Food Texture Market: The global food texture market size is increasing from USD 16.67 billion in 2025 to USD 27.22 billion by 2034, driven by a CAGR of 5.6% during the forecast period from 2025 to 2034. Food Intolerance Products Market: The global food intolerance products market size is projected to grow from USD 97.47 billion in 2025 to USD 302.26 billion by 2034, reflecting a CAGR of 13.40% over the forecast period from 2025 to 2034. Superfoods Market: The global superfoods market size is expected to grow from USD 201.17 billion in 2025 to USD 288.82 billion by 2034, at a CAGR of 4.10% during the forecast period from 2025 to 2034. Probiotics Animal Feed Market: The global probiotics animal feed market size was estimated at USD 4.99 billion in 2024 and is expected to rise from USD 5.44 billion in 2025 to nearly reaching USD 11.72 billion by 2034, growing at a CAGR of 8.86% during the forecast period from 2025 to 2034. Feed Phosphate Market: The global feed phosphate market size is rising from USD 2.82 billion in 2025 to USD 4.75 billion by 2034. This projected expansion reflects a CAGR of 5.96% throughout the forecast period from 2025 to 2034. Textured Vegetable Protein Market: The global textured vegetable protein market size is expected to grow from USD 1.92 billion in 2025 to USD 3.48 billion by 2034, at a CAGR of 6.97% over the forecast period from 2025 to 2034. Organic Pet Food Market: The global organic pet food market size is projected to expand from USD 2.54 billion in 2025 to USD 4.41 billion by 2034, growing at a CAGR of 6.34% during the forecast period from 2025 to 2034. Key Players in Vitamin Supplements Market Nordic Naturals NOW Foods Abbott Amway Doctor's Best Inc Biophar Lifesciences Pvt Ltd Ritual Garden of Life Nestle Health Sciences Pharmavite Thorne Aesthetic Nutrition Arlak Biotech Pvt Ltd Gianful HealthAid Jarrow Formulas Segments Covered in the Report By Type Multivitamin Vitamin A Vitamin B Vitamin C Vitamin D Vitamin E Vitamin K By Form Powder Tablets Capsules Softgels Gummies Others By Distribution Channel Offline Pharmacies & Drugstores Hypermarkets/Supermarkets Others Online By Region North America U.S. Canada Asia Pacific China Japan India South Korea Thailand Europe Germany UK France Italy Spain Sweden Denmark Norway Latin America Brazil Mexico Argentina Middle East and Africa (MEA) South Africa UAE Saudi Arabia Kuwait Thank you for exploring our insights. For more targeted information, customized chapter-wise sections and region-specific editions such as North America, Europe, or Asia Pacific are also available upon request. For Detailed Pricing and Tailored Market Report Options, Click Here: Feel Free to Get in Touch with Us for Orders or Any Questions at: sales@ Unlock expert insights, custom research, and premium support with the Towards FnB Annual Membership. For USD 495/month (billed annually), get full access to exclusive F&B market data and personalized guidance. It's your strategic edge in the food and beverage industry: About Us Towards FnB is a global consulting firm specializing in the food and beverage industry, providing innovative solutions and expert guidance to elevate businesses. With an in-depth understanding of the dynamic F&B sector, we deliver customized market analysis and strategic insights. Our team of seasoned professionals is committed to empowering clients with the knowledge needed to make informed decisions, ensuring they stay ahead of market trends. Partner with us as we redefine success in the rapidly evolving food and beverage landscape, and together, we'll navigate this transformative journey. Web: Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Chemical and Materials| Nova One Advisor | Food Beverage Strategies | For Latest Update Follow Us: LinkedIn | Medium| TwitterError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
44 minutes ago
- Yahoo
Stock market today: S&P 500, Nasdaq slide after Target earnings with Fed minutes on deck
US stocks were mixed on Wednesday after a bruising day for tech stocks, as investors weighed the latest retail earnings and waited for Federal Reserve minutes to provide clues to interest-rate cuts. The Dow Jones Industrial Average (^DJI) was up about 0.1%, while the S&P 500 (^GSPC) slipped about 0.2%. The tech-heavy Nasdaq Composite (^IXIC) fell roughly 0.4%, after weakness in the likes of Palantir (PLTR) and Nvidia (NVDA) dragged on the broader market on Tuesday. The tech-led selloff has put markets on edge, as investors rotate out of riskier stocks into previously lagging sectors amid concerns about the AI boom's staying power. Attention is now on the next batch of big retail earnings, with Target's (TGT) results the highlight on Wednesday. Target eked out a profit beat and held to its guidance, but pressures from tariffs and a squeezed consumer added up to another downbeat quarter — and will pose challenges for newly announced CEO Michael Fiddelke. Its shares sank 10%. Meanwhile, Lowe's (LOW) stock popped after the DIY store chain raised its 2025 forecast as sales returned to growth, easing some concerns after Home Depot's (HD) warning over price rises. Next up are Walmart (WMT) earnings on Thursday, watched for further signs of how companies and consumers are handing President Trump's tariffs. Read more: The latest on Trump's tariffs The main event for Wall Street this week, however, lands Friday, when Federal Reserve Chair Jerome Powell will deliver remarks at the Jackson Hole symposium in Wyoming. Investors are eager for a sense of where policymakers stand on the question of interest rate cuts after economic data this month showed they face a tricky dilemma between a weakening labor market and stubborn inflation. The release of minutes from the Fed's July's meeting on Wednesday will serve as a curtain-raiser to Powell's speech. Policymakers held interest rates steady at that meeting and stressed no decisions had been made about September, despite Trump suggesting otherwise. Nasdaq leads indexes lower again at the open US stocks were mixed on Wednesday after a bruising day for tech stocks, as investors weighed the latest retail earnings and waited for Federal Reserve minutes to provide clues to interest-rate cuts. The Dow Jones Industrial Average (^DJI) was up about 0.1%, while the S&P 500 (^GSPC) slipped about 0.2%. The tech-heavy Nasdaq Composite (^IXIC) fell roughly 0.4%, after weakness in the likes of Palantir (PLTR) and Nvidia (NVDA) dragged on the broader market on Tuesday. Post-earnings market movers: Target and La-Z-Boy stocks dive, Lowe's rises Here's a look at how Wall Street is reacting to a burst of earnings reports ahead of the opening bell on Wednesday: Target (TGT) stock dived more than 10%, facing its worst sell-off since early April. The retailer cleared a low bar of earnings expectations, but comparable sales continued to fall during the quarter. Lowe's (LOW) stock rose 2.5%. The home improvement retailer reported a return to same-store sales growth, echoing positive results from Home Depot (HD) on Tuesday. Home Depot stock fell 1.3% before the bell. Estée Lauder (EL) shares fell 5%. The beauty company's annual profit forecast disappointed and executives said they expect a $100 million headwind from tariffs. Baidu (BIDU) shares edged 0.2% lower. The Chinese search engine company reported a drop in second quarter revenue as strong growth in cloud services was offset by weakness in its core advertising business. Toll Brothers (TOL) stock added 0.45%. The homebuilder reported an earnings and revenue beat on Tuesday afternoon, though new orders were less than analysts' expected. La-Z-Boy (LZB) stock tanked 20% after the company missed estimates amid soft demand. Sales for its Joybird furniture brand declined 14%. Read more live coverage of corporate earnings here Hertz to sell used cars on Amazon, stock jumps Hertz (HTZ) stock rose over 10% after the car rental company announced it is teaming up with Amazon (AMZN) to sell pre-owned vehicles. Customers will be able to browse Hertz used car sales on Amazon, purchase vehicles online, and then pick them up at select Hertz locations. It will initially be offered in Dallas, Houston, Los Angeles, and Seattle, with plans to expand to 45 locations nationwide. Hertz sells pre-owned cars in addition to renting them out. The company is in the midst of a turnaround, and shares have outperformed this year with a 42% year-to-date rise. Read more here. Intel's advantages from a Trump deal could be worth as much as the money What would it take for Intel (INTC) to turn its business around? Yahoo Finance's Hamza Shaban digs into that question in today's Morning Brief. Read more here. This summer's hottest trend on Wall Street: 'Private for longer' Continuation funds have become hugely popular among America's biggest private fund managers this year. Yahoo Finance's David Hollerith breaks down why, and exactly how they work: Read more here. Palantir stock on track to extend losing streak Palantir stock (PLTR) looks like it may extend its losing streak to six trading days after reaching an all-time high. Shares fell 3% in premarket trading on Wednesday after a 9% decline on Tuesday. Since hitting $186.97 per share on Aug. 12, the stock is now trading around $153, putting it 18% off its record closing high. Investors rotating out of large-cap tech names and a bearish report from short seller Citron Research have weighed on the stock. Read more here. Target stock sinks after earnings eke out a beat, but sales keep falling Target's (TGT) results on Wednesday morning weren't as shockingly bad as for the first quarter, but the retailer is still struggling to find its place in the new economic norm of more discerning shoppers. Shares in the US retail giant sank 10% in premarket trading as the announcement of a new CEO still left investors wanting more. Yahoo Finance's Brian Sozzi reports: Read more here. Good morning. Here's what's happening today. Economic data: FOMC Minutes (July 30-31 meeting); MBA weekly mortgage applications Earnings: Target (TGT), Baidu (BIDU), Lowe's (LOW), TJX Companies (TJX), Estée Lauder (EL) Here are some of the biggest stories you may have missed overnight and early this morning: Target earnings miss the mark as sales keep falling Target will have a new CEO for the first time since 2014 Intel's Trump deal perks may rival the money Buffett effect still holds as UnitedHealth soars through August This summer's hottest trend on Wall Street: 'Private for longer' US housing warning sparks worst James Hardie selloff since 1973 US treasury chief says status quo with China 'working pretty well' Sales of foreign-branded phones in China down 31.3% in June: Data China exports of key rare-earth EV magnets hit 6-month high Target will have a new CEO... and he will not have it easy Target (TGT) is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history. The discounter announced that longtime CEO Brian Cornell's heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026. Cornell, who has been CEO of Target since August 2014, will slide into the executive chair position for an undetermined period of time. Fiddelke joined Target in 2003 as an intern and rose through the ranks to CFO and then COO. "I've had this conversation with the board for a number of years, and I've been in the role for 11 years. I'm going into my 12th now. I will actually turn 67 early next year, and I think it's time for me to step back, recharge, spend a lot more time with my family, a lot fewer nights in hotels, and be a great supporter of Michael and the team for the rest of my life," Cornell told me by video call while sitting next to Fiddelke at the company's Minneapolis headquarters. Fiddelke added, "I bleed Target red after 20 years here, and there's nothing more important to me than working with the incredible team that we have to chart the next chapter for Target. I mean, I've seen us in that 20 years at our best. I've seen us not at our best. When we're at our best, we are pretty darn tough to beat." To students of Target history such as myself, this decision isn't a surprise. For one, Fiddelke has been Cornell's right-hand man for several years now. It has become quite apparent over the past year that he was grooming Fiddelke to take over while also working behind the scenes to get board buy-in. I have gotten to know Fiddelke in recent years. He is a nice fella and has indeed earned the opportunity to sit in the CEO seat. If this was any other time for Target, the decision would probably be celebrated. It's not often an intern at a company becomes its CEO. The only comparable story I can think of is Walmart (WMT) CEO Doug McMillon going from truck loader at the retailer to CEO. But Fiddelke will unlikely have a honeymoon period, seeing as he has been there at Target during its past 24 months of struggles (which includes a weak second quarter). People I have talked to wanted an outsider as Target's next CEO, fresh eyes to come in and fix what is wrong (not unlike when Cornell was brought in back in 2014 — his career was mostly spent at Walmart and PepsiCo (PEP)). Fiddelke will be seen as a continuation of a strategy that hasn't been working. I asked him on the call how candid he plans to be in the early going on the strategy review, which is what all new leaders do. He sounded like he was ready to divert from Cornell's playbook and shake things up. He will have to do just that, and quickly, to win over a likely skeptical Wall Street. US tech stocks hit by concerns over future of AI boom Wall Street is digging into the factors behind this week's selloff in tech stocks, with many seeing it as a timely rotation out of riskier names. There are a few potential triggers, the Financial Times reports: Read more here (premium) Premarket trending tickers: Estée Lauder, Micron and Toll Brothers Here's a look at some of the top stocks trending in premarket trading: Estée Lauder (EL) stock fell 8% before the bell on Wednesday after the beauty group forecast annual profit below Wall Street estimates, as it grapples with persistent weakness in the US and China markets and tariff uncertainty. Micron Technology, Inc. (MU) shares slipped 2% in premarket trading Wednesday following news that the US government is looking into taking equity stakes in computer chip manufacturers that received CHIPS Act funding to build factories in the US. Toll Brothers (TOL) stock fell 3% before the bell after beating Wall Street estimates for its third quarter earnings. A slowdown in new orders weighed on the stock, sending shares down. US housing warning sparks worst James Hardie selloff since 1973 A profit warning from James Hardie (JHX, has fueled worries about recession in the US housing market and sent the Australian building materials giant's stock tumbling on Wall Street before the bell. Bloomberg reports: Read more here. Gold maintains drop with Fed in focus Bloomberg reports: Read more here. Nasdaq leads indexes lower again at the open US stocks were mixed on Wednesday after a bruising day for tech stocks, as investors weighed the latest retail earnings and waited for Federal Reserve minutes to provide clues to interest-rate cuts. The Dow Jones Industrial Average (^DJI) was up about 0.1%, while the S&P 500 (^GSPC) slipped about 0.2%. The tech-heavy Nasdaq Composite (^IXIC) fell roughly 0.4%, after weakness in the likes of Palantir (PLTR) and Nvidia (NVDA) dragged on the broader market on Tuesday. US stocks were mixed on Wednesday after a bruising day for tech stocks, as investors weighed the latest retail earnings and waited for Federal Reserve minutes to provide clues to interest-rate cuts. The Dow Jones Industrial Average (^DJI) was up about 0.1%, while the S&P 500 (^GSPC) slipped about 0.2%. The tech-heavy Nasdaq Composite (^IXIC) fell roughly 0.4%, after weakness in the likes of Palantir (PLTR) and Nvidia (NVDA) dragged on the broader market on Tuesday. Post-earnings market movers: Target and La-Z-Boy stocks dive, Lowe's rises Here's a look at how Wall Street is reacting to a burst of earnings reports ahead of the opening bell on Wednesday: Target (TGT) stock dived more than 10%, facing its worst sell-off since early April. The retailer cleared a low bar of earnings expectations, but comparable sales continued to fall during the quarter. Lowe's (LOW) stock rose 2.5%. The home improvement retailer reported a return to same-store sales growth, echoing positive results from Home Depot (HD) on Tuesday. Home Depot stock fell 1.3% before the bell. Estée Lauder (EL) shares fell 5%. The beauty company's annual profit forecast disappointed and executives said they expect a $100 million headwind from tariffs. Baidu (BIDU) shares edged 0.2% lower. The Chinese search engine company reported a drop in second quarter revenue as strong growth in cloud services was offset by weakness in its core advertising business. Toll Brothers (TOL) stock added 0.45%. The homebuilder reported an earnings and revenue beat on Tuesday afternoon, though new orders were less than analysts' expected. La-Z-Boy (LZB) stock tanked 20% after the company missed estimates amid soft demand. Sales for its Joybird furniture brand declined 14%. Read more live coverage of corporate earnings here Here's a look at how Wall Street is reacting to a burst of earnings reports ahead of the opening bell on Wednesday: Target (TGT) stock dived more than 10%, facing its worst sell-off since early April. The retailer cleared a low bar of earnings expectations, but comparable sales continued to fall during the quarter. Lowe's (LOW) stock rose 2.5%. The home improvement retailer reported a return to same-store sales growth, echoing positive results from Home Depot (HD) on Tuesday. Home Depot stock fell 1.3% before the bell. Estée Lauder (EL) shares fell 5%. The beauty company's annual profit forecast disappointed and executives said they expect a $100 million headwind from tariffs. Baidu (BIDU) shares edged 0.2% lower. The Chinese search engine company reported a drop in second quarter revenue as strong growth in cloud services was offset by weakness in its core advertising business. Toll Brothers (TOL) stock added 0.45%. The homebuilder reported an earnings and revenue beat on Tuesday afternoon, though new orders were less than analysts' expected. La-Z-Boy (LZB) stock tanked 20% after the company missed estimates amid soft demand. Sales for its Joybird furniture brand declined 14%. Read more live coverage of corporate earnings here Hertz to sell used cars on Amazon, stock jumps Hertz (HTZ) stock rose over 10% after the car rental company announced it is teaming up with Amazon (AMZN) to sell pre-owned vehicles. Customers will be able to browse Hertz used car sales on Amazon, purchase vehicles online, and then pick them up at select Hertz locations. It will initially be offered in Dallas, Houston, Los Angeles, and Seattle, with plans to expand to 45 locations nationwide. Hertz sells pre-owned cars in addition to renting them out. The company is in the midst of a turnaround, and shares have outperformed this year with a 42% year-to-date rise. Read more here. Hertz (HTZ) stock rose over 10% after the car rental company announced it is teaming up with Amazon (AMZN) to sell pre-owned vehicles. Customers will be able to browse Hertz used car sales on Amazon, purchase vehicles online, and then pick them up at select Hertz locations. It will initially be offered in Dallas, Houston, Los Angeles, and Seattle, with plans to expand to 45 locations nationwide. Hertz sells pre-owned cars in addition to renting them out. The company is in the midst of a turnaround, and shares have outperformed this year with a 42% year-to-date rise. Read more here. Intel's advantages from a Trump deal could be worth as much as the money What would it take for Intel (INTC) to turn its business around? Yahoo Finance's Hamza Shaban digs into that question in today's Morning Brief. Read more here. What would it take for Intel (INTC) to turn its business around? Yahoo Finance's Hamza Shaban digs into that question in today's Morning Brief. Read more here. This summer's hottest trend on Wall Street: 'Private for longer' Continuation funds have become hugely popular among America's biggest private fund managers this year. Yahoo Finance's David Hollerith breaks down why, and exactly how they work: Read more here. Continuation funds have become hugely popular among America's biggest private fund managers this year. Yahoo Finance's David Hollerith breaks down why, and exactly how they work: Read more here. Palantir stock on track to extend losing streak Palantir stock (PLTR) looks like it may extend its losing streak to six trading days after reaching an all-time high. Shares fell 3% in premarket trading on Wednesday after a 9% decline on Tuesday. Since hitting $186.97 per share on Aug. 12, the stock is now trading around $153, putting it 18% off its record closing high. Investors rotating out of large-cap tech names and a bearish report from short seller Citron Research have weighed on the stock. Read more here. Palantir stock (PLTR) looks like it may extend its losing streak to six trading days after reaching an all-time high. Shares fell 3% in premarket trading on Wednesday after a 9% decline on Tuesday. Since hitting $186.97 per share on Aug. 12, the stock is now trading around $153, putting it 18% off its record closing high. Investors rotating out of large-cap tech names and a bearish report from short seller Citron Research have weighed on the stock. Read more here. Target stock sinks after earnings eke out a beat, but sales keep falling Target's (TGT) results on Wednesday morning weren't as shockingly bad as for the first quarter, but the retailer is still struggling to find its place in the new economic norm of more discerning shoppers. Shares in the US retail giant sank 10% in premarket trading as the announcement of a new CEO still left investors wanting more. Yahoo Finance's Brian Sozzi reports: Read more here. Target's (TGT) results on Wednesday morning weren't as shockingly bad as for the first quarter, but the retailer is still struggling to find its place in the new economic norm of more discerning shoppers. Shares in the US retail giant sank 10% in premarket trading as the announcement of a new CEO still left investors wanting more. Yahoo Finance's Brian Sozzi reports: Read more here. Good morning. Here's what's happening today. Economic data: FOMC Minutes (July 30-31 meeting); MBA weekly mortgage applications Earnings: Target (TGT), Baidu (BIDU), Lowe's (LOW), TJX Companies (TJX), Estée Lauder (EL) Here are some of the biggest stories you may have missed overnight and early this morning: Target earnings miss the mark as sales keep falling Target will have a new CEO for the first time since 2014 Intel's Trump deal perks may rival the money Buffett effect still holds as UnitedHealth soars through August This summer's hottest trend on Wall Street: 'Private for longer' US housing warning sparks worst James Hardie selloff since 1973 US treasury chief says status quo with China 'working pretty well' Sales of foreign-branded phones in China down 31.3% in June: Data China exports of key rare-earth EV magnets hit 6-month high Economic data: FOMC Minutes (July 30-31 meeting); MBA weekly mortgage applications Earnings: Target (TGT), Baidu (BIDU), Lowe's (LOW), TJX Companies (TJX), Estée Lauder (EL) Here are some of the biggest stories you may have missed overnight and early this morning: Target earnings miss the mark as sales keep falling Target will have a new CEO for the first time since 2014 Intel's Trump deal perks may rival the money Buffett effect still holds as UnitedHealth soars through August This summer's hottest trend on Wall Street: 'Private for longer' US housing warning sparks worst James Hardie selloff since 1973 US treasury chief says status quo with China 'working pretty well' Sales of foreign-branded phones in China down 31.3% in June: Data China exports of key rare-earth EV magnets hit 6-month high Target will have a new CEO... and he will not have it easy Target (TGT) is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history. The discounter announced that longtime CEO Brian Cornell's heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026. Cornell, who has been CEO of Target since August 2014, will slide into the executive chair position for an undetermined period of time. Fiddelke joined Target in 2003 as an intern and rose through the ranks to CFO and then COO. "I've had this conversation with the board for a number of years, and I've been in the role for 11 years. I'm going into my 12th now. I will actually turn 67 early next year, and I think it's time for me to step back, recharge, spend a lot more time with my family, a lot fewer nights in hotels, and be a great supporter of Michael and the team for the rest of my life," Cornell told me by video call while sitting next to Fiddelke at the company's Minneapolis headquarters. Fiddelke added, "I bleed Target red after 20 years here, and there's nothing more important to me than working with the incredible team that we have to chart the next chapter for Target. I mean, I've seen us in that 20 years at our best. I've seen us not at our best. When we're at our best, we are pretty darn tough to beat." To students of Target history such as myself, this decision isn't a surprise. For one, Fiddelke has been Cornell's right-hand man for several years now. It has become quite apparent over the past year that he was grooming Fiddelke to take over while also working behind the scenes to get board buy-in. I have gotten to know Fiddelke in recent years. He is a nice fella and has indeed earned the opportunity to sit in the CEO seat. If this was any other time for Target, the decision would probably be celebrated. It's not often an intern at a company becomes its CEO. The only comparable story I can think of is Walmart (WMT) CEO Doug McMillon going from truck loader at the retailer to CEO. But Fiddelke will unlikely have a honeymoon period, seeing as he has been there at Target during its past 24 months of struggles (which includes a weak second quarter). People I have talked to wanted an outsider as Target's next CEO, fresh eyes to come in and fix what is wrong (not unlike when Cornell was brought in back in 2014 — his career was mostly spent at Walmart and PepsiCo (PEP)). Fiddelke will be seen as a continuation of a strategy that hasn't been working. I asked him on the call how candid he plans to be in the early going on the strategy review, which is what all new leaders do. He sounded like he was ready to divert from Cornell's playbook and shake things up. He will have to do just that, and quickly, to win over a likely skeptical Wall Street. Target (TGT) is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history. The discounter announced that longtime CEO Brian Cornell's heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026. Cornell, who has been CEO of Target since August 2014, will slide into the executive chair position for an undetermined period of time. Fiddelke joined Target in 2003 as an intern and rose through the ranks to CFO and then COO. "I've had this conversation with the board for a number of years, and I've been in the role for 11 years. I'm going into my 12th now. I will actually turn 67 early next year, and I think it's time for me to step back, recharge, spend a lot more time with my family, a lot fewer nights in hotels, and be a great supporter of Michael and the team for the rest of my life," Cornell told me by video call while sitting next to Fiddelke at the company's Minneapolis headquarters. Fiddelke added, "I bleed Target red after 20 years here, and there's nothing more important to me than working with the incredible team that we have to chart the next chapter for Target. I mean, I've seen us in that 20 years at our best. I've seen us not at our best. When we're at our best, we are pretty darn tough to beat." To students of Target history such as myself, this decision isn't a surprise. For one, Fiddelke has been Cornell's right-hand man for several years now. It has become quite apparent over the past year that he was grooming Fiddelke to take over while also working behind the scenes to get board buy-in. I have gotten to know Fiddelke in recent years. He is a nice fella and has indeed earned the opportunity to sit in the CEO seat. If this was any other time for Target, the decision would probably be celebrated. It's not often an intern at a company becomes its CEO. The only comparable story I can think of is Walmart (WMT) CEO Doug McMillon going from truck loader at the retailer to CEO. But Fiddelke will unlikely have a honeymoon period, seeing as he has been there at Target during its past 24 months of struggles (which includes a weak second quarter). People I have talked to wanted an outsider as Target's next CEO, fresh eyes to come in and fix what is wrong (not unlike when Cornell was brought in back in 2014 — his career was mostly spent at Walmart and PepsiCo (PEP)). Fiddelke will be seen as a continuation of a strategy that hasn't been working. I asked him on the call how candid he plans to be in the early going on the strategy review, which is what all new leaders do. He sounded like he was ready to divert from Cornell's playbook and shake things up. He will have to do just that, and quickly, to win over a likely skeptical Wall Street. US tech stocks hit by concerns over future of AI boom Wall Street is digging into the factors behind this week's selloff in tech stocks, with many seeing it as a timely rotation out of riskier names. There are a few potential triggers, the Financial Times reports: Read more here (premium) Wall Street is digging into the factors behind this week's selloff in tech stocks, with many seeing it as a timely rotation out of riskier names. There are a few potential triggers, the Financial Times reports: Read more here (premium) Premarket trending tickers: Estée Lauder, Micron and Toll Brothers Here's a look at some of the top stocks trending in premarket trading: Estée Lauder (EL) stock fell 8% before the bell on Wednesday after the beauty group forecast annual profit below Wall Street estimates, as it grapples with persistent weakness in the US and China markets and tariff uncertainty. Micron Technology, Inc. (MU) shares slipped 2% in premarket trading Wednesday following news that the US government is looking into taking equity stakes in computer chip manufacturers that received CHIPS Act funding to build factories in the US. Toll Brothers (TOL) stock fell 3% before the bell after beating Wall Street estimates for its third quarter earnings. A slowdown in new orders weighed on the stock, sending shares down. Here's a look at some of the top stocks trending in premarket trading: Estée Lauder (EL) stock fell 8% before the bell on Wednesday after the beauty group forecast annual profit below Wall Street estimates, as it grapples with persistent weakness in the US and China markets and tariff uncertainty. Micron Technology, Inc. (MU) shares slipped 2% in premarket trading Wednesday following news that the US government is looking into taking equity stakes in computer chip manufacturers that received CHIPS Act funding to build factories in the US. Toll Brothers (TOL) stock fell 3% before the bell after beating Wall Street estimates for its third quarter earnings. A slowdown in new orders weighed on the stock, sending shares down. US housing warning sparks worst James Hardie selloff since 1973 A profit warning from James Hardie (JHX, has fueled worries about recession in the US housing market and sent the Australian building materials giant's stock tumbling on Wall Street before the bell. Bloomberg reports: Read more here. A profit warning from James Hardie (JHX, has fueled worries about recession in the US housing market and sent the Australian building materials giant's stock tumbling on Wall Street before the bell. Bloomberg reports: Read more here. Gold maintains drop with Fed in focus Bloomberg reports: Read more here. Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
