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On Wednesday Target said comparable sales rose 17.2% in November and December, as customers bought matching pajamas and gingerbread house kits to celebrate a cozy holiday at home during the covid pandemic. While online sales remained robust, shoppers also visited Target’s stores and spent more money per purchase than they did last holiday season.
Read moreTarget’s Sales Up 17% Over The Holidays As It Holds On To Some Of Its Pandemic Gains
China’s carmaker Geely and Foxconn have created a joint venture aimed at selling manufacturing and services to the global auto industry. The deal, which was announced on Wednesday, marks Foxconn’s continued expansion into the auto sector and reflects Geely’s desire to partner with technology companies.
Apple CEO Tim Cook said in an interview with “CBS This Morning” that anyone with a role in the insurrection at the U.S. Capitol last week should be held accountable. Cook did not exempt U.S. President Donald Trump from that statement.
Read moreTim Cook Says Nobody Involved In Capitol Insurrection Is Above The Law
On Tuesday U.S. President Donald Trump doubled down the type of incendiary rhetoric that incited the Capitol riot last week, warning that it was dangerous to the United States for him to be impeached for his conduct.
On Tuesday U.S. Treasury yields continued to climb, as traders eyed the possibility of further economic stimulus and the situation with U.S. politics. The yield on the benchmark 10-year Treasury note rose to 1.156% at 4:10 a.m. ET, while the yield on the 30-year Treasury bond reached 1.888%. Yields move inversely to prices.
Read moreU.S. Treasury Yields Climb As Traders Eye Further Stimulus, U.S. Politics
Chinese state-owned banks are stepping up their support for some electric car companies in the country. On Tuesday Alibaba-backed Xpeng announced it secured a credit line of 12.8 billion yuan ($1.98 billion) from major Chinese financial institutions — including three of the “big five” state-owned banks: Bank of China, China Construction Bank and Agricultural Bank of China.
Read moreElectric Car Start-Up Of China Xpeng Gets $2 Billion In Credit From State-Owned Banks
As one of the most successful and influential entertainers in the world, Global star Dwayne “The Rock” Johnson is often asked what his secrets to success are. “That’s hard to answer,” Johnson tells CNBC Make It. “But I remember saying at the time to the interviewer that I believe in being hungry, being humble and being the hardest worker in the room.”′
Read moreDwayne Johnson On The Key To Success And Launching Two Businesses During Coronavirus