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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Consumer Tech News (August 18–August 22): Powell Turns Dovish As Walmart, Target Earnings Steer Sentiment, While AI Hangover Hits Palantir

Target Walmart United States Jerome Powell Nasdaq US Federal Reserve Elon Musk Tesla Inc. Apple Microsoft Corporation
Kaufbeuren,,Germany,-,April,27,,2021:,Palantir,Company,Logo,On

As the Wall Street earnings season is ending, Fed Chair Jerome Powell’s Jackson Hole remarks—acknowledging still-restrictive policy and softening labor data—tilted decisively dovish, hinting rate cuts could arrive soon.

Retail heavyweights Walmart (NYSE:WMT), Target (NYSE:TGT), and TJX Companies (NYSE:TJX) kept the consumer front and center with fresh quarterly prints.

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