Target Predicting Weak Holiday Sales As Consumer Angst Weighs On Season

Incoming Target CEO Michael Fiddelke has announced plans to invest over $5 billion to revitalize the retailer's performance following a challenging earnings report. This investment marks an increase of $1 billion from previous plans as the company aims to improve its financial outlook.

The U.S. trade deficit decreased in August as President Trump's tariffs on trade partners came into effect. New data indicates that these tariffs have contributed to a reduction in trade volumes, reflecting the immediate impact of the administration's trade policies.

Jonathan Sack analyzes the conclusion of Boeing's Deferred Prosecution Agreement (DPA) saga, highlighting the role of prosecutorial discretion, the limitations of judicial review, and the increasing influence of victims in the legal process.

Tariffs are significantly impacting American manufacturing, with new data providing insights into the changes occurring in the nation's industrial sector. This shift is reshaping the landscape of manufacturing, revealing both positive and negative effects on the industry.

Target has reduced its full-year profit per share outlook as it prepares for the upcoming holiday shopping season. The retailer's decision follows a reported decline in net sales and ongoing challenges in the market, prompting concerns about consumer spending during the holidays.

Formula 1 drivers Max Verstappen and Yuki Tsunoda discuss the critical role of data, driver instinct, and secure technology in enhancing performance for Red Bull Racing. The team's commitment to protecting its data is essential for maintaining a competitive edge in the high-stakes world of Formula 1.

Target plans to invest an additional $1 billion to revitalize its sales, which have been declining. This investment comes as the retailer reported a 1.5% drop in net sales for the third quarter and has lowered its profit expectations for the year. The company aims to upgrade its stores to attract more customers and improve financial performance.

Larry Summers has resigned from the board of OpenAI following the release of emails revealing friendly exchanges with convicted sex offender Jeffrey Epstein. This decision comes amid increasing scrutiny of his connections to Epstein and a broader context of public figures stepping back from roles due to past associations.