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Business

Targets Third Quarter Profit Drops 52% As Shoppers Force Price Cuts

NEW YORK — An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third-quarter profits at Target down 52% after it was forced to slash prices with Americans feeling the squeeze of inflation. The Minneapolis retailer voiced caution ...

Inflation Is Finally Hitting Profit Margins

NEW YORK (AP) — Corporate profits have withstood raging inflation over much of the last year, but those good times may be ending. Profits stayed fat even as companies’ costs rose thanks to one simple trick: Businesses boosted the prices they charged customers by more than their own costs ...

Burley Named Realtor Of The Year

The Chautauqua-Cattaraugus Board of Realtors has named William “Bill” Burley as 2022 Realtor of the Year at the organization’s annual installation banquet held recently. Criteria for the award include: involvement at the local realtor board, community activity and charitable giving, ...

Deflated: Falling Valuations Drag Stock Prices Back to Earth

Stock valuations are falling fast, giving investors a potential opportunity to snap up stocks that may have been overvalued just a year ago. Take industrial bellwether Caterpillar Inc. Last year the Illinois-based heavy machinery manufacturer was trading at 27 times earnings — that is, the ...

Evolution Spin Provides Ability To Learn New Things

Evolution Spin — a newer gym in Lakewood that offers a variety of strength and core exercises — is working to bring spin back into the area. Owned by Kristie Lyon, Evolution Spin opened in April 2021 after a former spin gym, Urban Spin, closed because of Covid. “Prior to this, I ...

Multi-Media Beat To Cover A Lot Of Ground

No two stories are the same. And that’s what makes this multi-media beat so interesting —there isn’t a dull day. By now you have probably read a story in The Post-Journal that has a video link and tells you there is a video component attached to it. On www.post-journal.com a video ...