Business News

(NEW YORK) -- Target CEO Brian Cornell will step down early next year after more than a decade at the helm of the $107 billion retail giant, the company said on Wednesday.In recent years, Target has suffered sluggish sales as the company weathered consumer boycotts over its Pride collection and a rollback of its diversity, equity and inclusion policies.Michael Fiddelke, who currently serves as chief operating officer, will assume the role of CEO […]

(NEW YORK) -- Consumer sentiment worsened in August, snapping two consecutive months of improved attitudes among shoppers as President Donald Trump imposed sweeping new tariffs on nearly 70 countries. The fresh reading fell short of economists’ expectations.The dampening of shopper attitudes returns the measure to a months-long downturn that took hold after Trump took office, University of Michigan Survey data on Friday showed. At its low point, consumer sentiment fell […]

(NEW YORK) -- A fresh report on consumer sentiment on Friday will show how shoppers digested a cascade of economic developments this month, including President Donald Trump's firing of a top labor statistics official hours after the release of weak jobs data.The report, which details shopper attitudes in August, is set to arrive days after an inflation reading came in lower than economists had expected, offering a respite for consumers wary of significant tariff-induced price […]