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Also, Target starts a war with Walmart. ͏ ͏
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Also, Target starts a war with Walmart.
Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â 
[The Charlotte Observer](~/AAQRxQA~/RgRoMOlEP0QiaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL1cDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Í
Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ May 22, 2024 ⢠Issue #86 [The Money Section] This week, weâre looking at global stocks soaring, Target slashing prices on essentials amidst high inflation, Macyâs, Kohlâs, and Nordstrom trying to attract younger customers, and an online pharmacy selling knock-off Ozempic and Wegovy. GameStop investors lost over $13 billion last week [Gamestop](~/AAQRxQA~/RgRoMOlEP0SPaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9tZW1lLXN0b2Nrcy1nYW1lc3RvcC1kb3duLWJpbGxpb25zLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Getty Images GameStop stock surged last week, fueled by retail investor excitement, but the rally fizzled out quickly leading to over $13 billion in losses. This is nearly double the companyâs market value. Fewer investors participated compared to the 2021 frenzy, highlighting a potential learning curve. [Read more.](~/AAQRxQA~/RgRoMOlEP0SPaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9tZW1lLXN0b2Nrcy1nYW1lc3RvcC1kb3duLWJpbGxpb25zLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) ð [Global stocks hit record highs as more countries join in the rally.](~/AAQRxQA~/RgRoMOlEP0RtaHR0cHM6Ly93d3cubWFya2V0d2F0Y2guY29tL3N0b3J5L2dsb2JhbC1zdG9ja3MtaGl0LXJlY29yZC1oaWdocy1hcy1tb3JlLWNvdW50cmllcy1qb2luLWluLXRoZS1yYWxseS0xZDFhY2VlMFcDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Global stock markets are hitting record highs, with a larger number of countries participating in the rally. This strong global performance, especially with most markets exceeding key technical indicators, suggests room for further growth in U.S. stocks. ð¯ [Target starts price war with Walmart by slashing the cost of 5,000 popular items.](~/AAQRxQA~/RgRoMOlEP0RkaHR0cHM6Ly93d3cuZGFpbHltYWlsLmNvLnVrL25ld3MvYXJ0aWNsZS0xMzQzODQ5My9UYXJnZXQtb2ZmZXJzLWRpc2NvdW50cy1wb3B1bGFyLWl0ZW1zLVdhbG1hcnQuaHRtbFcDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Target is lowering prices on everyday essentials like milk, diapers, and meat to compete with Walmart and attract budget-conscious shoppers. This comes as inflation remains high despite some decline and many Americans are struggling to afford groceries. Tuition discounts at private colleges are at a record high [Tuition](~/AAQRxQA~/RgRoMOlEP0SeaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L3ByaXZhdGUtY29sbGVnZS10dWl0aW9uLWRpc2NvdW50LXJlY29yZC1oaWdoLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Getty Images Private colleges are awarding more grant aid than ever before, with the average student now paying less than half the sticker price. This trend has been ongoing for a decade, with discount rates reaching a record high of 56% for freshmen in 2023-2024. [Read more.](~/AAQRxQA~/RgRoMOlEP0SeaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L3ByaXZhdGUtY29sbGVnZS10dWl0aW9uLWRpc2NvdW50LXJlY29yZC1oaWdoLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) ðï¸ [As their customers age, Macyâs, Kohlâs, and Nordstrom are chasing younger shoppers.](~/AAQRxQA~/RgRoMOlEP0RmaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wNS8yMC9tYWN5cy1rb2hscy1ub3Jkc3Ryb20tZWFybmluZ3MtZGVwYXJ0bWVudC1zdG9yZXMteW91bmdlci1zaG9wcGVycy5odG1sVwNzcGNCCmZGRGROZh1aZjJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Macyâs, Kohlâs, and Nordstrom are losing sales to specialty retailers, big-box stores, and online players who cater more to younger generations. All three stores are trying to win over younger shoppers by adding trendier merchandise, opening new store formats, and expanding their beauty sections. ð [Another online pharmacy bypasses the FDA to offer cut-rate weight loss drugs.](~/AAQRxQA~/RgRoMOlEP0RZaHR0cHM6Ly93d3cudGhldmVyZ2UuY29tLzIwMjQvNS8yMC8yNDE2MDg4NC9oaW1zLWhlcnMtb3plbXBpYy13ZWlnaHQtbG9zcy13ZWdvdnktcGhhcm1hY3lXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Hims & Hers, an online pharmacy, is offering lower-cost versions of weight loss drugs similar to Ozempic and Wegovy. These copycat drugs are made by compounding pharmacies and havenât been approved by the FDA, raising safety concerns. Why eating at restaurants is so expensive right now [Restaurants](~/AAQRxQA~/RgRoMOlEP0SVaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvcmVzdGF1cmFudC1wcmljZXMtaW5jcmVhc2UtaW5mbGF0aW9uLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Money; Getty Images Restaurant prices are rising faster than overall inflation, causing sticker shock for diners. This trend is pushing many, especially those with lower incomes, to cook at home more often. Fast food chains are noticing the shift and are offering value deals to win over budget-conscious customers. [Read more.](~/AAQRxQA~/RgRoMOlEP0SVaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvcmVzdGF1cmFudC1wcmljZXMtaW5jcmVhc2UtaW5mbGF0aW9uLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) âï¸ [Spirit Airlines becomes the latest budget airline to drop change, cancellation fees.](~/AAQRxQA~/RgRoMOlEP0RAaHR0cHM6Ly90aGVwb2ludHNndXkuY29tL25ld3Mvc3Bpcml0LWFpcmxpbmVzLWRyb3BzLWNoYW5nZS1mZWVzL1cDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Spirit Airlines is now the latest budget carrier to eliminate change and cancellation fees, following a similar move by Frontier Airlines. This makes Spirit more competitive and gives travelers more flexibility to adjust their flights. ð [BMW imported 8,000 vehicles into the U.S. with parts from banned Chinese supplier, Senate report says.](~/AAQRxQA~/RgRoMOlEP0SOaHR0cHM6Ly93d3cucmV1dGVycy5jb20vYnVzaW5lc3MvYXV0b3MtdHJhbnNwb3J0YXRpb24vYm13LWltcG9ydGVkLTgwMDAtdmVoaWNsZXMtaW50by11cy13aXRoLXBhcnRzLWJhbm5lZC1jaGluZXNlLXN1cHBsaWVyLXNlbmF0ZS0yMDI0LTA1LTIwL1cDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) A Senate report found BMW imported 8,000 Mini Coopers with parts from a banned Chinese supplier suspected of using forced labor. The company in question was blacklisted in December 2021, and BMW continued imports until at least April 2024. Smart Money Move Donât Overpay! Compare Car Insurance Rates and Save [Car] [Car](~/AAQRxQA~/RgRoMOlEP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL3Y3NmFkZmNiYWM1ND94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Car insurance rates have soared 20% in the past year. Are you sure youâre getting the best deal? We can help you compare options and find coverage that protects your family at a budget-friendly price. Switching providers could save you hundreds on your annual premium. Let us show you how. [Check out Moneyâs Best Car Insurance list and see if you can save.](~/AAQRxQA~/RgRoMOlEP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL3Y3NmFkZmNiYWM1ND94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Stories weâre reading this week - [Social Security COLA: Projected 2025 Payments Tick up on Latest Inflation Data](~/AAQRxQA~/RgRoMOlEP0SjaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL21vbmV5L3NvY2lhbC1zZWN1cml0eS1jb2xhLTIwMjUtaW5jcmVhc2UtcGF5bWVudHMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4NlcDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Dow Jones Dips as AI Stock Microsoft Shines; Nvidia Rallies on These Bullish Calls](~/AAQRxQA~/RgRoMOlEP0RzaHR0cHM6Ly93d3cuaW52ZXN0b3JzLmNvbS9tYXJrZXQtdHJlbmQvc3RvY2stbWFya2V0LXRvZGF5L2Rvdy1qb25lcy1uYXNkYXEtc3A1MDAtbnZpZGlhLW1pY3Jvc29mdC1haS1saS1hdXRvLXRlc2xhL1cDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [The Dow Just Crossed 40,000 for the First Time Ever](~/AAQRxQA~/RgRoMOlEP0R2aHR0cHM6Ly9tb25leS5jb20vZG93LTQway1zdG9jay1tYXJrZXQvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4NlcDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Ivan F. Boesky, Rogue Trader in 1980s Wall Street Scandal, Dies at 87](~/AAQRxQA~/RgRoMOlEP0RDaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wNS8yMC9idXNpbmVzcy9pdmFuLWYtYm9lc2t5LWRlYWQuaHRtbFcDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Young Job Seekers Are Falling Victim to a âMoney Muleâ Scam](~/AAQRxQA~/RgRoMOlEP0SDaHR0cHM6Ly9tb25leS5jb20vbW9uZXktbXVsZS1zY2FtLXlvdW5nLWpvYi1zZWVrZXJzLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODZXA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO)
- [Blue Origin Launches Six Tourists to the Edge of Space After Nearly Two-Year Hiatus](~/AAQRxQA~/RgRoMOlEP0RYaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wNS8xOS93b3JsZC9ibHVlLW9yaWdpbi1yb2NrZXQtbnMtMjUtbWlzc2lvbi1zY24vaW5kZXguaHRtbFcDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [The Share of Homes for Sale With Price Cuts Hit a 6-Year High](~/AAQRxQA~/RgRoMOlEP0SXaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvaG9tZS1wcmljZS1jdXRzLWluY3JlYXNlLXppbGxvdy1yZXBvcnQvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4NlcDc3BjQgpmRkRkTmYdWmYyUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from The Charlotte Observer. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRoMOlEP0R1aHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL25ld3NsZXR0ZXJzI3VzZXJJZD0zMjU0ZmI5ZGZjZDhjNjJmZjA2N2Y5NDQ4ZDNiN2ZhZmMyZTBmYTgyMDhmMmNhYzA4M2RiODU3ZGFmNjA5NmViVwNzcGNCCmZGRGROZh1aZjJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRoMOlEP0QzaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvVwNzcGNCCmZGRGROZh1aZjJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) if you have any questions or concerns. [Privacy Policy](~/AAQRxQA~/RgRoMOlEP0RCaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvcHJpdmFjeS1wb2xpY3kvVwNzcGNCCmZGRGROZh1aZjJSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) | [Terms of Service](~/AAQRxQA~/RgRoMOlEP0REaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvdGVybXMtb2Ytc2VydmljZS9XA3NwY0IKZkZEZE5mHVpmMlIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Copyright © 2024 The Charlotte Observer. All Rights Reserved.
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