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Target’s CEO Is Stepping Down As Customers Turn Away
Target CEO Brian Cornell is stepping down after 11 years at the helm, amidst declining sales and criticism over the company's rollback of diversity, equity, and inclusion initiatives. Michael Fiddelke, currently the Chief Operating Officer, will assume the role on February 1, 2026.
Home Depot Says It Will Raise Some Prices Because Of Tariffs
Home Depot has disclosed plans to raise prices on certain products in response to increased tariff costs, as economic uncertainty and elevated interest rates have contributed to a marginal decline in net income.
The Trump Administration Confirms It’s Seeking A Stake In Intel. Why? It Depends Who You Ask
The Trump administration is evaluating a potential investment in Intel to enhance domestic chip production and decrease dependency on Taiwan, with differing perspectives from Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick regarding the investment's objectives.
SoftBank Will Invest $2 Billion Into Intel
Japan's SoftBank has announced a substantial investment of $2 billion into Intel, a move aimed at revitalizing the American chipmaker amid its recent struggles. Concurrently, the White House is contemplating acquiring a 10% stake in Intel, a decision that could signify governmental support for the company's turnaround efforts.
MSNBC Is Getting A New Name As Part Of Its Split From NBC News
MSNBC is undergoing a significant transformation as it separates from NBC News and rebrands as MS NOW. This change includes a new logo and a renewed mission to establish itself as a premier source for breaking news and opinion journalism.
Newsmax Will Pay $67 Million To Settle Dominion Lawsuit Over Network’s 2020 Election Lies
Newsmax has reached a $67 million settlement with Dominion Voting Systems, resolving a defamation lawsuit stemming from false claims about the 2020 presidential election.
U.S. Job Growth Stalls In July, Black Unemployment Remains Elevated
The U.S. economy added just 73,000 jobs in July, continuing a three-month trend of sluggish growth, according to the latest data released Friday by the Bureau of Labor Statistics. The national unemployment rate held steady at 4.2 percent, with little movement across key sectors.
Microsoft To Lay Off Around 9,000 Workers In Its Largest Cuts Since 2023
Microsoft has announced its third round of layoffs in recent months, affecting thousands of employees, as the company integrates artificial intelligence to streamline operations and enhance productivity.
Trustees Warn Of Looming Cuts To Social Security, Medicare As Trust Funds Dwindle
Social Security and Medicare are facing mounting financial challenges, with both programs projected to fall short of paying full benefits within the next decade unless Congress intervenes
NTSB Criticizes Both Boeing And FAA For Terrifying Alaska Airlines Door Plug Incident
The National Transportation Safety Board (NTSB) has attributed responsibility for the mid-flight door plug blowout on an Alaska Airlines flight to Boeing, Spirit Aerosystems, and the Federal Aviation Administration (FAA), citing that the accident was preventable with enhanced oversight and safety protocols.