Hilary Barsky

With the Nasdaq notching its eighth straight session of gains, its longest winning streak since August of 2024, following March's CPI report, with inflation data rising to its highest level in nearly two years in the wake of the Iran war.

Target will be lowering prices on over 3,000 products across categories, including apparel and household essentials, along with a batch of other items.

The latest cuts are aimed at boosting demand amid stiff competition from other retailers heading into the spring season.

The big box retailer is undergoing a turnaround under new CEO Michael Fidelke, who was trying to navigate ongoing economic uncertainty.

Target in particular has lagged behind other retailers, including Walmart.

Both Walmart and grocer Kroger have cut prices on essentials, including groceries, to attract value-conscious shoppers.

Target had lower prices on thousands of items last year, ahead of the all-important holiday season.

Paramount Skydance appears to have emerged victorious in its quest to buy the storied Hollywood property after Netflix said it wouldn't match the company's latest offer.

The streaming giant nixed the deal soon after the Warner board of directors said it determined Paramount's latest offer for the entire company was superior to Netflix bid for Warner's movie and television studios and HBO Max streaming service.

Netflix co-CEOs Ted Sarandos and Greg Peters said in a statement, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we're declining to match.

Hilary Barsky, Fox News.

Economists polled by the Wall Street Journal expect that employers added 60,000 employees to payrolls last month, up from a lower-than-expected tally of 50,000 in December.

The report comes two weeks after the Federal Reserve paused its easing cycle and pointed out signs of labor market stabilization.

The unemployment rate is anticipated to hold steady at 4.4 percent in January for the second month in a row.