Consumer Sentiment Falls to Near Record Lows | Bloomberg Businessweek Daily 11/21/2025

Target is facing significant challenges as it reported declining sales and profits, prompting concerns about its future under incoming CEO Michael Fiddelke, who has been with the company for 22 years. The retailer's culture of high self-regard may have contributed to a lack of urgency in addressing these issues.

The cost of protecting Oracle's debt against default has surged to a multi-year high, with five-year credit default swaps rising to approximately 1.19 percentage points annually, reflecting heightened investor concerns over the company's substantial debt incurred to finance artificial intelligence investments. This marks the highest level since October 2022.

U.S. stocks experienced a notable increase as investors reacted positively to expectations of potential interest rate cuts, driven by comments from New York Fed President John Williams regarding a softening labor market. This optimism was reflected in the closing bell coverage by Bloomberg, featuring insights from hosts Scarlet Fu, Carol Massar, and Tim Stenovec.

A federal judge has dismissed the criminal cases against former FBI Director James Comey and New York Attorney General Letitia James, as discussed on Bloomberg Businessweek Daily by hosts Carol Massar and Tim Stenovec, with insights from June Grasso. This ruling marks a significant legal victory for both figures, who have faced scrutiny in their respective roles.