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Target taps longtime executive as new CEO amid sales slump
Target names 20-year veteran Michael Fiddelke as CEO, succeeding Brian Cornell, as the retailer faces weak sales, messy stores and rising competition.
Home Depot Q2 sales rise but miss Wall Street forecast
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations. The Atlanta-based company also said shoppers should expect modest price increases in some categories as a r[...]
FTC alleges Maryland reseller marked up tickets, including for Taylor Swift concerts
The Federal Trade Commission on Monday sued a Pikesville-based ticket reseller, alleging it illegally bought and marked up nearly 400,000 event tickets, including to concerts on Taylor Swift’s Eras Tour. The FTC alleges that Key Investment Group, the company’s principals and related businesses used thousands of Ti[...]
FDA’s new expert panels are rife with financial conflicts and fringe views
FDA Commissioner Marty Makary is using informal expert panels on antidepressants, menopause drugs and talc, raising conflict-of-interest concerns.
Cable’s MSNBC will change its name later this year as part of corporate divorce from NBC
MSNBC will rebrand as MS NOW, or My Source News Opinion World, dropping NBC ties and peacock logo as it charts an independent course.
Canada’s Gildan Activewear is buying HanesBrands for $2.2 billion
Gildan Activewear is acquiring HanesBrands for $2.2B, gaining brands like Hanes and Maidenform as the apparel maker faces years of declining sales.
Trump’s nominee to oversee jobs and inflation data faces criticism
President Trump nominates Heritage economist EJ Antoni as BLS commissioner, sparking criticism over politicization of key U.S. jobs data.
Amazon expands its perishable delivery service, putting pressure on traditional grocers
Amazon now offers Prime members fresh groceries with same-day delivery in 1,000+ cities, expanding to 2,300 by year-end.
Explosions at US Steel plant in Pennsylvania leave 1 dead, 2 missing and multiple injured
Explosions at U.S. Steel’s Clairton plant near Pittsburgh killed 1, left 2 missing, and injured at least 9, sparking safety and pollution concerns.
Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant
Ford will invest $2B to retool its Louisville plant for affordable electric trucks, aiming for profitability and faster production by 2027.
US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.
Trump removes Billy Long as IRS commissioner less than 2 months after his confirmation
WASHINGTON (AP) — President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation, a White House official said Friday. The official, who was not authorized to speak publicly and spoke on condition of anonymity, did not give a reason for the dismissal. Treasury Secr[...]
