Mid-day Update

PODCAST: Target gets hit by massive credit card theft

David Brancaccio Dec 19, 2013
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Mid-day Update

PODCAST: Target gets hit by massive credit card theft

David Brancaccio Dec 19, 2013
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Target is saying this morning that about 40 million credit and debit cards were compromised in a giant data theft that occurred at nearly all of Target’s 1,800 locations during the Black Friday weekend. 

The strong suggestion that interest rates will stay low means the Fed is not worried about inflation right now. But should it also worry about the opposite? Persistently falling prices, or deflation, can also wreck an economy, as the experience in Japan over the last 20 years has shown.

Rite Aid comes out with its earning report today, and it should hold good news for investors. The pharmacy giant was in the red the previous five years in a row. But in 2013, Rite Aid’s value has tripled.

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