AdvertisementBoth retailers reported spikes in fuel and compensation expenses, as well as growing signs consumers are spending a little less freely. Target stock, which lost more than a quarter of its value on Wednesday, fell another 5.1 percent on Thursday. AdvertisementBut if they don’t, “operating margins will come under pressure, and if margins crack, then so do earnings,” he said. European markets closed in negative territory across the board Thursday, with the benchmark Stoxx 600 index ending the session 1.4 percent lower. Britain’s FTSE100 fell 1.8 percent, a day after that nation reported the highest inflation in 40 years.

Source: Washington Post May 20, 2022 00:15 UTC