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ADP Report: Private Payrolls Rise 63,000 in February, Beating Estimates but Revealing Narrow Job Growth

The ADP National Employment Report released Wednesday showed U.S. private employers added 63,000 jobs in February, topping consensus estimates of 50,000 and improving from a downwardly revised 11,000 in January. However, gains were concentrated almost entirely in construction and education and health services, with professional and business services shedding 30,000 positions, raising questions about underlying labor market breadth ahead of Friday's official nonfarm payrolls report.

Target Upgraded to Outperform by Telsey as Retailer Shows Early Signs of Sales Recovery

Shares of Target Corporation rose for a second consecutive session Wednesday after Telsey Advisory Group upgraded the retailer to Outperform from Market Perform, citing confidence in the company's strategy to recapture its merchandising identity and leverage AI across store operations. The upgrade follows a Tuesday earnings report in which CEO Michael Fiddelke said Target is "out of the gates strong" in 2026 after reporting a February sales increase that marked the company's first monthly gain in several quarters.

Target Beats Q4 Earnings Estimates as Holiday Rebound Fuels Optimism; Best Buy Posts Mixed Results

Target Corporation reported adjusted fourth-quarter earnings of $2.44 per share, handily topping Wall Street's $2.16 consensus, as the retailer pointed to improved sales trends in January as an encouraging milestone on its path to recovery. Best Buy posted a mixed quarter — beating on earnings per share but missing revenue estimates — while raising its quarterly dividend for the thirteenth consecutive year.

Tariff Regime in Flux as Trump Replaces Struck-Down IEEPA Levies With 10–15% Section 122 Duties

Following a Supreme Court ruling that invalidated President Trump's broad emergency tariffs imposed under IEEPA, the administration swiftly replaced them with a 10% across-the-board import duty under Section 122 of the Trade Act of 1974, with U.S. Trade Representative Jamieson Greer confirming the rate will rise to 15% for certain trading partners. The legal and economic uncertainty is reverberating across equity, commodity, and currency markets.

Trump State of the Union Defends Tariff Regime, Vows Replacements After Supreme Court Setback

President Donald Trump delivered the longest televised State of the Union address in modern history on Tuesday evening, defending his sweeping tariff agenda and pledging to implement replacement levies under alternative legal authority following last week's Supreme Court ruling that struck down the majority of his IEEPA-based import taxes. Markets opened broadly higher Wednesday, suggesting investors interpreted the speech as providing policy clarity rather than fresh uncertainty.

Trump Imposes 10% Global Tariff Under Section 122, Rattling Markets and Prompting EU Warning

President Donald Trump has activated a 10% blanket tariff on imports from virtually every country under the rarely invoked Section 122 of U.S. trade law, following the Supreme Court's decision to strike down his earlier reciprocal tariff regime. The European Commission responded swiftly, warning that the new levies are not conducive to fair transatlantic trade and threatening retaliatory measures, sending major U.S. equity indexes sharply lower before a partial recovery on Tuesday.

Trump Imposes 15% Global Tariff After Supreme Court Voids Reciprocal Trade Barriers

President Donald Trump escalated trade tensions Monday by invoking Section 122 of the Trade Act of 1974 to impose a blanket 15% tariff on all imports, one day after the Supreme Court ruled 6-3 that his reciprocal tariffs exceeded executive authority under the International Emergency Economic Powers Act. Major trading partners, including the European Union, warned that the new levies could jeopardize previously negotiated trade agreements, sending U.S. equity futures sharply lower and driving safe-haven assets higher.

U.S. Fourth-Quarter GDP Slumps to 1.4%, Core PCE Inflation Climbs to 3% in Stagflation-Lite Warning

The U.S. economy expanded at a meager annualized rate of 1.4% in the fourth quarter of 2025, sharply missing consensus expectations of 2.8% to 3%, while the Federal Reserve's preferred inflation gauge, core PCE, accelerated to 3.0% — a combination that has investors bracing for a prolonged pause in rate cuts and reigniting fears of a stagflationary environment heading into 2026.

Walmart Beats Q4 Estimates but Soft Full-Year Guidance Rattles Investors

Walmart delivered better-than-expected fourth-quarter earnings and revenue on Thursday, fueled by robust e-commerce growth and expanding advertising revenue, but its full-year earnings outlook of $2.75 to $2.85 per share fell short of Wall Street's consensus of $2.96, sending shares modestly lower in premarket trading and raising questions about the pace of margin expansion under its new chief executive.