A tale of two CEO successions: Walmart’s clean break vs. Target’s much-criticized transition

Mizuho has lowered its stock price target for Target from $94 to $88, citing weak performance in the third quarter. The downgrade reflects concerns over declining net sales and a challenging retail environment, which has prompted analysts to reassess the company's financial outlook.

Target plans to invest billions in its stores to revitalize its performance amid declining sales. The CEO is focusing on attracting Gen Z customers, hoping they will engage more with physical retail spaces.

"Portrait of Elisabeth Lederer," a painting by Gustav Klimt, sold for a record-breaking $236 million at a Sotheby’s auction in New York. The artwork, which was deemed

The U.S. Commerce Department reported a nearly 24% decrease in the trade deficit, which was delayed for over seven weeks due to a government shutdown. Despite this reduction, the trade deficit for 2025 has risen to $713.6 billion through August, marking a 25% increase from the same period in 2024.

Target has expressed concerns that holiday sales will not be sufficient to reverse a challenging year for the retailer. The company is facing significant consumer anxiety, which is expected to impact spending during the holiday season.

Sundar Pichai, CEO of Google, stated that the role of a CEO is among the 'easier things' that artificial intelligence (AI) could potentially replace. He highlighted that advancements in AI could assist individuals in making decisions regarding medical treatments and stock investments.

Dunkin' customers expressed outrage after an anonymous Facebook user revealed a display indicating that a new fill policy is leading to smaller servings of coffee. One customer reported paying over $6 for a large cookie butter cloud latte, which was not filled to the top due to this policy.

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.