Browsing: Business

Target CEO Brian Cornell will step down in February 2026 as sales drop for a fourth quarter and Michael Fiddelke takes over amid investor uncertainty.

Goldman Sachs and US Treasury predict stablecoin reserves could hit $3.7T by 2030 as Circle and Tether grow US Treasury holdings rapidly.

Home Depot results showed stronger sales but weaker profit, with tariffs prompting targeted price hikes and customers delaying major projects amid higher mortgage rates.

SoftBank has taken a near 2 percent stake in Intel, investing $2 billion to boost its AI and chip ambitions as Intel restructures to regain market share.

Economists warn Trump’s push to reshape statistical agencies threatens the independence of U.S. data relied on by markets, policymakers, and businesses.

Gold prices edged higher as investors turned to safe-haven assets ahead of the Jackson Hole symposium and amid ongoing geopolitical tensions.

Electricity prices across the U.S. have surged 25% since 2020, far outpacing inflation and putting pressure on households already strained by high living costs.

Rising job losses, weak payroll growth, and a drop in durable goods spending are amplifying fears that the U.S. economy is teetering on the edge of recession.

Standard Chartered stock fell 7% after calls for a new probe into possible sanctions evasion days before its deferred prosecution agreement expires.

Intel stock surged after reports that the Trump administration may take a stake in the chipmaker, aiming to accelerate U.S. chip manufacturing leadership.