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Working Lunch Thursday, May 22, 2025 | | |
| | | | | It's lunchtime, Chicago. Target’s challenge to revive sales and its status as a cheap chic retailer just got more complicated. The discounter announced on Wednesday that sales fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 as its customers, worried over the impact of tariffs and the economy, pull back on spending. Meanwhile, U.S. markets are reacting to the passage early Thursday of House Republicans’ multitrillion-dollar spending bill, which aims to extend some $4.5 trillion in tax breaks from President Donald Trump’s first term in 2017 while adding others. Read that story and more in today's Working Lunch. Top business stories | Real estate | Transportation | | | | Target said customer boycotts after the company scaled back DEI initiatives also did some damage during the latest quarter. | | | | | Bond yields inched higher and Wall Street flipped from small gains to losses before the opening bell Thursday after rising U.S. debt sank markets on the previous day. | | | | | Mayor Jason House is negotiating to buy the pope's childhood home, but the Village Board has yet to discuss such action. | | | | | The three casinos saw decreases in gaming revenue year over year, according to the Indiana Gaming Commission’s monthly gaming reports. | | | | | Driver fatigue and poor company oversight of its drivers was also cited in the 2023 deaths of three people after the bus exited Interstate 70 onto a rest area ramp and struck three semitrailers parked on the shoulder. | | | | | The proposal has widespread support from the public, lawmakers in both parties and employers who believe such a law will bring relief to the working class. But many critics say that it would come with an enormous cost to the government while doing little to help the workers who need it most. | | | |
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