Target said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales. It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target’s incoming CEO Michael Fiddelke to […]
Target cuts 1,800 corporate jobs in its first major layoffs in a decade Read More »
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI on Thursday announced it has acquired Software Applications Incorporated, a small company that built an artificial intelligence interface for Apple
OpenAI buys AI startup that built interface for Apple computers Read More »
An exhibition room at Pop Mart’s theme park, Pop Land, in Beijing, on June 18, 2025. Pedro Pardo | Afp | Getty Images Shares of Chinese toymaker Pop Mart fell 9% Thursday, notching the stock’s worst day since April and extending its declines since a late-August peak. The company behind the popular Labubu dolls, a
Shares of Labubu maker Pop Mart dip despite staggering third-quarter U.S. sales growth Read More »
Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Super Micro Computer shares fell 6% on Thursday after the company released weak preliminary results for its fiscal first quarter of 2026. The server maker said it
Super Micro shares fall 6% on weak preliminary results Read More »
An ‘Open House’ sign is posted near a single family home for sale on Aug. 22, 2025 in Pasadena, California. Mario Tama | Getty Images Sales of previously owned homes rose 1.5% in September from August to a seasonally adjusted, annualized rate of 4.06 million units, according to the National Association of Realtors. That is
Lower mortgage rates push home sales up in September, but prices still stubbornly high Read More »
A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street
Rivian plans to lay off more than 600 workers Read More »
American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending the stock higher. American expects to Earn between 45 cents and 75 cents per share in the fourth quarter, above the 31 per share cents analysts expected. That
American Airlines profit forecast for the rest of the year tops estimates Read More »
An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty Images American Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United. American ousted its former chief commercial officer, Vasu
American hires industry veteran to lead commercial team as profits trail rivals Read More »
A “for rent” sign is posted in front of a home on Dec. 12, 2023 in Miami, Florida. Joe Raedle | Getty Images Rents for single-family residential homes rose just 1.4% in August compared with the year before, according to analytics and data firm Cotality, down from a 2.3% annual gain in July. That’s also
Single-family rent growth just hit the lowest level in 15 years, new report finds Read More »
As many retailers look for ways to shrink store counts and square footage, Dick’s Sporting Goods is going bigger. The retailer is building more sprawling “House of Sport” stores, which typically come in at 120,000 to 150,000 square feet, more than double the 50,000 for its traditional locations. The sporting goods company believes it’s working.
As many retailers shrink their footprints, Dick’s Sporting Goods goes big Read More »
