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Target on Wednesday posted a decline in quarterly revenue as still higher prices on essentials cut into shopper spending.

The Minneapolis retailer also delivered profit results that were below analyst expectations and issued a muted profit outlook. It posted its fourth straight quarter of declines in comparable sales — those from stores or digital channels operating at least 12 months. But Target said it expects that it will get back to quarterly sales growth this quarter.

Shares slumped nearly 10% in premarket trading on Wednesday.

Target is looking for ways to reverse softening sales. On Monday, said it would cut prices on thousands of consumer basics over the next several months, from diapers to milk, in a bid to entice customers who are looking for deals.

And it’s also trying to make shopping at Target more convenient and enjoyable to better compete with Walmart and Amazon.com. Target announced a new paid membership program in April called Target Circle 360 which comes with unlimited free same-day delivery for orders over $35 and free two-day shipping for all orders. The annual $99 per year membership is getting a strong reception, the company says.

It’s updating existing locations, building more than 300 new stores over the next decade, and also broadening store-owned brand offerings for more cost conscious customer choices.

Target is among a batch of retailers that have reported quarterly results so far, but it did not fare as well as Amazon and Walmart. Amazon, the nation’s biggest online retailer, announced better-than-expected results for the holiday shopping period last month. Walmart posted strong sales results, as its low prices have attracted shoppers scouring for deals.

Walmart is also drawing households with income exceeding $100,000 a year as it focuses on convenient and faster ways to shop. Two-thirds of Walmart’s market share gains come from that group, Walmart said.

Eight TikTok content creators sued the U.S. government on Tuesday, issuing another challenge to the new federal law that would ban the popular social media platform nationwide if its China-based parent company doesn’t sell its stakes within a year.

Attorneys for the creators argue in the lawsuit that the law violates users’ First Amendment rights to free speech, echoing arguments made by TikTok in a separate lawsuit filed by the company last week. The legal challenge could end up before the Supreme Court.

The complaint filed Tuesday comes from a diverse set of content creators, including a Texas-based rancher who has previously appeared in a TikTok commercial, a creator in Arizona who uses TikTok to show his daily life and spread awareness about LGBTQ issues, as well as a business owner who sells skincare products on TikTok Shop, the e-commerce arm of the platform.

The lawsuit says the creators “rely on TikTok to express themselves, learn, advocate for causes, share opinions, create communities, and even make a living.”

“They have found their voices, amassed significant audiences, made new friends, and encountered new and different ways of thinking — all because of TikTok’s novel way of hosting, curating, and disseminating speech,” it added, arguing the new law would deprive them and the rest of the country “of this distinctive means of expression and communication.”

A spokesperson for TikTok said the company was covering the legal costs for the lawsuit, which was filed in a Washington appeals court. It is being led by the same law firm that represented creators who challenged Montana’s statewide ban on the platform last year. In November, a judge blocked that law from going into effect.

The Department of Justice said that the legislation that could ban TikTok “addresses critical national security concerns in a manner that is consistent with the First Amendment and other constitutional limitations. We look forward to defending the legislation in court.”

The federal law comes at a time of intense strategic rivalry between the U.S. and China on a host of issues and as the two butt heads over sensitive geopolitical topics like China’s support for Russia in its invasion of Ukraine. U.S. lawmakers and administration officials have aired concerns about how well TikTok can protect users’ data from Chinese authorities and have argued its algorithm could be used to spread pro-China propaganda, which TikTok disputes.

Under the law, TikTok’s parent company ByteDance would be required to sell the platform to an approved buyer within nine months. If a sale is in progress, the company will get a three-month extension to complete the deal.

TAS is committed to recruiting experienced airline pilots for exceptional career opportunities with Korean Air, a premier airline in Asia.

Our management team comes with years of flight operations and management experience at Korean Air, enabling TAS to provide unique 'Excellence in Flight Crew Support' throughout your career with Korean Air.

Combined with our sincere dedication to serve, TAS is here to provide you with the best assistance and support. Let us show you how.

Korean Air Pilot Jobs

Our vision is to stand as a leading flight crew provider, offering a seamless journey from your initial application through the selection process, training, and the entirety of your assignment with Korean Air.

The cornerstone of our success is founded in the wonderful communication we enjoy between TAS and our pilots. We endeavor every day to enable and maintain an open and transparent dialogue. Thanks to our experiences at Korean Air, TAS is also proud of the clear and expeditious communication we share with Korean Air’s management.

TAS proudly represents Korean Air, our valued partner with an exceptional legacy.

Korean Air started in 1969 as a small airline with eight planes. Today, it has grown into a respected leader in the global airline community, operating a modern fleet of over 150 aircraft that connect travelers to more than 120 cities in 43 countries around the world.

Korean Air has earned prestigious recognition as a 5-Star Airline from Skytrax, a renowned organization for airline ratings and customer service experiences. This recognition reflects Korean Air’s commitment to delivering outstanding customer services and exceptional in-flight experiences.

Furthermore, Korean Air’s unwavering commitment to safety has led to significant investments and reforms in its safety systems over the years. These efforts have not only enhanced its reputation as one of the world’s safest airlines but have also resulted in the lowest aviation insurance rates globally, making Korean Air one of the safest airlines in the world today.

In 2024, Korean Air proudly celebrates its 55th anniversary – a momentous achievement reflecting its enduring dedication to the core values of “customer satisfaction” and “safety.” Korean Air remains unwavering in its pursuit of earning the highest esteem within the global aviation industry.

Conservative Supreme Court justices on Wednesday voiced support for weakening the power of federal regulators, but it was not clear whether a majority would overturn a precedent that has guided American law for four decades over everything from the safety of food and drugs to environmental protection.

Billions of dollars are potentially at stake in front of a court that, like the rest of the federal judiciary, was remade during Donald Trump’s presidency by conservative interests that were motivated as much by weakening the regulatory state as social issues including abortion.

The court heard three and a half hours of arguments in two challenges brought by commercial fishermen to a fee requirement, though the facts of their cases were barely discussed in the courtroom. Instead, the focus was on whether the court should overturn the 1984 case colloquially known as Chevron, a decision that has been the basis for upholding a wide range of regulations public health, workplace safety and consumer protections.

Lower courts used the Chevron decision to uphold a 2020 National Marine Fisheries Service rule that herring fishermen pay for government-mandated observers who track their fish intake.

Two of Trump’s appointees, Justices Neil Gorsuch and Brett Kavanaugh led the attack on the Chevron decision, which says that when laws aren’t crystal clear, federal agencies, and the experts that serve in them, should be allowed to fill in the details as long as they come up with a reasonable interpretation.

Gorsuch noted that some judges invoke the Chevron doctrine frequently and others, not at all. “Shouldn’t that be a clue that something needs to be fixed here?” Gorsuch asked Solicitor General Elizabeth Prelogar, defending the decision on behalf of the Biden administration.

When Prelogar talked about the shock to the legal system that would result from overturning such a longstanding and far-reaching precedent, Kavanaugh suggested that Chevron is to blame for the regulatory flip-flops that happen when a president of one party replaces a president of the other.

Apple is now requiring that U.S. law enforcement agencies obtain a court order for information on its customers’ push notifications, the alerts that iPhone apps send users that can reveal a lot about their online activity.

Push notifications alert smartphone users to breaking news alerts, incoming messages, weather bulletins and other content.

The policy shift was not formally announced but rather appeared in an updated version of Apple’s law enforcement guidelines posted online. Apple’s main competitor in mobile operating systems, Google, already had such a policy in place for its Android system.

The Cupertino, California, company did not immediately respond to questions about it.

The privacy-enhancing policy was added following last week’s disclosure by Oregon Sen. Ron Wyden that his office had received a tip last year that government agencies in foreign countries were demanding smartphone push notification data from both Google and Apple.

“Apple and Google are in a unique position to facilitate government surveillance of how users are using particular apps,” Wyden wrote Attorney General Merrick Garland on Dec. 6. Because servers at both companies process app data, they receive metadata associated with individual phones that could betray information potentially prejudicial to users.

Wyden did not identify the governments involved. Google spokesman Matt Bryant said the company has always “required a court order” to compel disclosure of data associated with push notifications.

A Moscow court on Tuesday fined Google for failing to store personal data on its Russian users, the latest in a series of fines on the U.S. tech giant amid tensions between the Kremlin and the West over the fighting in Ukraine.

A magistrate at Moscow’s Tagansky district court fined Google 15 million rubles (about $164,200) after the company repeatedly refused to store personal data on Russian citizens inside the country. Google was previously fined over the same charges in August 2021 and June 2022. The company declined to comment.

Google also was ordered to pay a 3 million ruble (about $32,800) fine in August for failing to delete allegedly false information about the conflict in Ukraine.

Russia can do little to collect the fine, however, as Google’s Russia business was effectively shut down last year after Moscow sent troops into Ukraine. The company has said it filed for bankruptcy in Russia after its bank account was seized by the authorities, leaving it unable to pay staff and suppliers.

Russian courts also have fined Apple and the Wikimedia Foundation, which hosts Wikipedia.

Since sending troops into Ukraine in February 2022, Russian authorities have taken measures to stifle any criticism of the military campaign.

Some critics have received severe punishments. Opposition figure Vladimir Kara-Murza was sentenced this year to 25 years in prison for treason stemming from speeches he made against Russia’s actions in Ukraine.

Sasha Skochilenko, an artist and musician from St. Petersburg, is on trial on charges of spreading false information about the military for replacing supermarket price tags with protest slogans. Prosecutors have asked for an eight-year prison sentence for her.