Investors doubt insider Michael Fiddelke can fix Target's struggles as he's named CEO, replacing Brian Cornell in Feb. His top goal: "get us back to growth."
Lowe's to buy Foundation Building Materials for $8.8B, boosting pro market push. Shares up 3% as it beats Q2 profit and raises annual sales forecast.
Finance groups urge a rethink of upcoming Basel crypto rules, warning they could limit banks' ability to engage in crypto markets due to strict risk standards.
New Zealand's central bank cut rates to 3.00%, a 3-year low, and signaled more cuts ahead, sending the NZ dollar down 1.2% to $0.5819 and swap rates to 2022 lows.
China's rare earth magnet exports jumped 75% in July to 5,577 tons, a 6-month high, signaling a rebound after earlier export curbs, customs data showed Wednesday.
U.S. may take equity stakes in chipmakers like Intel, Micron, TSMC, and Samsung in return for CHIPS Act funding, as Commerce Secretary Lutnick explores the option.
The U.S. will raise tariffs on 400+ steel and aluminum-based products, including turbines, cranes, and furniture, with a 50% tariff on metal content, officials said.
U.S. deficits will be $1T higher over the next decade, hitting $22.7T by 2035 due to tax, spending laws, and tariffs, a budget watchdog said Wednesday.
U.S. single-family home starts rose 2.8% in July to 939K units; permits edged up 0.5% to 870K, ending a 4-month slide, despite high rates and economic uncertainty.
Anheuser-Busch InBev will invest $15M in its U.S. brewery, part of a $300M plan to boost U.S. jobs amid Trump's push for more domestic production.
Xiaomi's Q2 revenue jumped 30.5% to 116B yuan ($16.16B), beating forecasts, driven by strong demand for its new YU7 electric SUV.
Starbucks will give a 2% raise to salaried North American staff as part of CEO Brian Niccol's cost-cutting and turnaround plan.
OpenAI launches ChatGPT Go in India at $4.57/month, its most affordable plan yet, aiming to expand in its second-largest, price-sensitive market.
SoftBank is investing $2B in Intel, giving the struggling chipmaker a boost as it works to regain ground in the booming AI chip market.
Novo Nordisk offers Ozempic at $499/month for eligible U.S. type 2 diabetes patients, amid rising competition from Wegovy copies and Eli Lilly.
Chipotle plans faster, value-driven innovation to stay competitive amid cautious consumers.
Japan's economy grew 1% annually in Q1, beating estimates, driven by strong exports despite US tariffs. It marks Japan's fifth consecutive quarter of growth.
Tesla EV lease prices in the UK have dropped over 50% in a year due to 40% discounts and storage issues.
Apple has unveiled a new plan for artificial intelligence, sparking debate among experts on the company's future in the competitive AI market. The details of the plan are still emerging.
Qantas was fined a record $90M for illegally sacking 1,800 staff during COVID. The court slammed its lack of remorse and harsh litigation strategy.
Japan's Nikkei hit a record high, rising 0.7% as a weak yen boosted automakers. Topix also reached a peak, gaining 0.58%, tracking last week's U.S. market gains.
Hong Kong developers face rising pressure as bond maturities jump 70% next year. Road King just defaulted, following Emperor International's earlier loan default.
Google will pay $55M in Australia for hurting competition by paying telcos to pre-install its search app, excluding rivals. Court also ruled against it in Epic case.
Standard Chartered shares fell 7% after U.S. lawmaker Elise Stefanik urged action over alleged sanctions evasion, calling for a special attorney to investigate.