Target to cut 1,800 corporate jobs in major restructuring move

Target is facing significant challenges after a year of backlash and boycotts stemming from controversial business decisions. These issues have negatively impacted the company's finances and sales performance. In response, Target is implementing major changes to its operations, which could reshape its future and restore customer trust. This situation highlights the delicate balance retailers must maintain between business strategies and public perception.

Target is making headlines by spotlighting its support for Black founders through the RICE partnership, especially after facing backlash related to diversity, equity, and inclusion (DEI) initiatives. This move is significant as it not only reaffirms Target's commitment to fostering diversity in business but also aims to boost sales during a challenging period marked by a CEO transition. By prioritizing support for underrepresented entrepreneurs, Target is positioning itself as a leader in corporate responsibility and community engagement.

Target's recent announcement to cut 1,800 office jobs is a significant move as it marks the company's first major job reductions in a decade. This decision reflects the challenges the retailer faces in a competitive market and highlights the need for a turnaround strategy. The impact of these layoffs will be felt not only by the employees but also by the company's overall operations and morale.

Whitehawk has released new data confirming that PTK7 is a widely expressed tumor target, which is significant for cancer research and treatment development. This discovery could lead to more effective therapies for patients, as targeting PTK7 may improve treatment outcomes and provide new avenues for combating various cancers.

Target Corp. is making significant cuts by eliminating 1,800 roles, which is about 8% of its corporate workforce. This restructuring marks a major shift for the retailer as it aims to simplify operations and stabilize its business. The decision, which includes 1,000 layoffs and the closure of 800 open positions, reflects the challenges Target faces in a competitive retail environment. This move is crucial for the company's future as it seeks to adapt and thrive.

Keefe, Bruyette & Woods has lowered its stock price target for Lazard due to concerns over compensation practices. This adjustment reflects growing apprehension among analysts regarding how compensation structures may impact the company's financial performance. Investors should pay attention to these developments as they could influence Lazard's market position and investor confidence.

Rosenblatt has raised its price target for Intel's stock to $25, reflecting confidence in the company's solid progress. This adjustment is significant as it indicates a positive outlook for Intel's future performance, which could attract more investors and boost market confidence. With advancements in technology and strategic initiatives, Intel is positioning itself for growth, making this news particularly relevant for stakeholders and market watchers.

In premarket trading, shares of Intel, Ford, and Target have shown positive momentum, indicating investor confidence in these companies. This uptick is significant as it reflects broader market trends and consumer sentiment, which can influence future performance. Meanwhile, Deckers has experienced a slump, raising concerns about its market position. Understanding these movements is crucial for investors looking to navigate the stock market effectively.

President Trump has begun his Asia tour in Malaysia, coinciding with ongoing trade discussions between US and Chinese officials. This visit is significant as it sets the stage for a high-stakes summit with Xi Jinping, where critical trade issues are expected to be addressed. The outcome of these talks could have far-reaching implications for global trade relations.

Former President Donald Trump is set to headline the ASEAN summit, bringing significant attention to the region's diplomatic efforts. This summit is particularly important as Thailand and Cambodia are expected to sign a ceasefire deal, which could pave the way for improved relations and stability in Southeast Asia. The outcome of these discussions could have lasting impacts on regional security and cooperation.

President Donald Trump made a lively entrance in Malaysia for the ASEAN summit, greeting officials with enthusiasm and even dancing. This visit is significant as it highlights the importance of U.S. engagement in Southeast Asia, fostering relationships and cooperation among nations in the region.

President Donald Trump's arrival in Malaysia marks a significant moment for ASEAN relations, as he is welcomed by Malaysian Prime Minister Anwar Ibrahim. This visit highlights the importance of diplomatic ties in the region and sets the stage for discussions on various collaborative efforts.

The US Department of Agriculture has announced that no food aid benefits will be issued next month, which is concerning for many families relying on this support. This decision could lead to increased food insecurity for vulnerable populations, highlighting the ongoing challenges in addressing hunger in the country.

President Trump has announced a 10% increase in tariffs on Canada, a move sparked by a controversial advertisement from Ontario that quotes former President Reagan criticizing import levies. This decision highlights ongoing tensions between the U.S. and Canada and raises concerns about the potential impact on trade relations and the economy. As tariffs can lead to higher prices for consumers and strain diplomatic ties, this development is significant for both countries.