Business

Target is cutting 1,800 corporate jobs, its first major layoffs in a decade

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🔥 Explore this must-read post from Business News 📖 📂 Category: 💡 Main takeaway: The Target logo is displayed outside one of their stores on August 2, 2025 in San Diego, California. Kevin Carter | Getty Imagesgoal The U.S. retailer said Thursday it will cut 1,800 jobs at the company as the retailer tries to return to growth after four years of nearly 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 Fedelke, to employees at its headquarters.A company spokesperson…

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NBA gambling scheme puts sportsbooks on defense

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💥 Check out this awesome post from Business News 📖 📂 Category: ✅ Main takeaway: Signs for online sports betting NBA and FanDuel are displayed on the side of a building in Phoenix, Arizona, on June 5, 2024. Patrick T. Fallon | AFP | Getty Images“This is the NBA insider trading saga.”That was FBI Director Kash Patel's message at a news conference Thursday, announcing the arrests of Portland Trail Blazers coach Chauncey Billups and Miami Heat player Terry Rozier.The two were among more than 30 people charged in an illegal poker ring that involved organized crime and cheating, according to…

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Shares fall despite massive sales growth in the US in the third quarter

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💥 Discover this must-read post from Business News 📖 📂 Category: 📌 Here’s what you’ll learn: A viewing room at Pop Mart theme park, Pop Land, in Beijing, on June 18, 2025.Pedro Pardo | AFP | Getty ImagesShares of the Chinese toy maker Pop Mart It fell 9% on Thursday, marking the stock's worst day since April and extending its declines since its peak in late August.The company behind the popular Labubu dolls, a series of collectible monster dolls that come in blind packaging, reported Tuesday that third-quarter revenue more than tripled year over year with U.S. sales swelling between…

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Ford Motor Company (F) earnings for the third quarter of 2025

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💥 Read this insightful post from Business News 📖 📂 Category: 💡 Key idea: The Ford logo on a Ford F-150 pickup truck for sale in Encinitas, California, USA on October 20, 2025. Mike Blake | ReutersDetroit – ford motor It is scheduled to announce third-quarter earnings after markets close on Thursday.Here's what Wall Street expects, based on average analyst estimates compiled by LSEG:EPS: 36 cents were adjustedCar revenue: $43.08 billionThese results would represent revenues in line with the prior year and a 26% decline in adjusted EPS. Ford's third-quarter 2024 results included $43.07 billion in auto revenue, net income…

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Rivian plans to lay off more than 600 workers

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🚀 Read this must-read post from Business News 📖 📂 Category: 💡 Key idea: A Rivian R1S electric vehicle (EV) at a sales and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty ImagesDetroit – Rivian Cars It is reportedly planning to lay off more than 600 people as the all-electric car maker faces growing market challenges.The Wall Street Journal, which first reported the plans, said the layoffs would affect roughly 4% of the company's workers. Rivian had just under 15,000 employees at the end of last year.A source familiar…

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Low mortgage rates push home sales higher in September

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✨ Discover this trending post from Business News 📖 📂 Category: ✅ Main takeaway: An "open house" sign is placed near a single-family home for sale on August 22, 2025 in Pasadena, California. Mario Tama | Getty ImagesSales of previously owned homes rose 1.5% in September from August to a seasonally adjusted annual rate of 4.06 million units, according to the National Association of Realtors. This is slightly lower than analysts expected, but the highest pace in seven months.Sales increased by 4.1% compared to September of last year.Regionally, on a year-over-year basis, sales were strongest in the South and Northeast.…

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Buyers expect lower mortgage rates

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✨ Explore this awesome post from Business News 📖 📂 Category: 💡 Key idea: The majority of potential homebuyers expect mortgage rates to continue their recent decline, and that's one of the main reasons they're waiting to make a purchase, according to the results of a new CNBC housing market survey.Interest rates have been falling over the past few months and are hovering around a one-year low, with the average interest rate on the popular 30-year fixed loan now standing at 6.17%, according to Mortgage News Daily. But nearly three-quarters of real estate agents surveyed by CNBC said most buyers…

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American Airlines (AAL) Q3 2025 earnings

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🔥 Read this must-read post from Business News 📖 📂 Category: 💡 Here’s what you’ll learn: American Airlines It posted a smaller-than-expected loss for the third quarter, and its forecast for the rest of the year came in ahead of Wall Street's expectations, sending the stock higher.American expects to earn between 45 cents and 75 cents per share in the fourth quarter, which is more than the 31 cents per share that analysts expected. This brings American's full-year earnings guidance to between 65 cents and 95 cents per share, well above Wall Street's forecast of 43 cents per share. The…

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America hires industry veteran to lead commercial team

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🔥 Check out this trending post from Business News 📖 📂 Category: 📌 Main takeaway: An American Airlines plane lands at Miami International Airport on July 24, 2025 in Miami, Florida. Joe Rydell | Getty ImagesAmerican Airlines The company has hired nearly three-decade industry veteran Nat Pieper to be its new chief commercial officer as it tracks the carrier's earnings on rivals Delta and united.American ousted its former chief commercial officer, Vasu Raja, in 2024 after his business travel strategy backfired and sparked opposition from profitable travel agencies, while revenue forecasts fell sharply.Bieber, 56, has been in the industry since…

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Why top earners should donate before 2026

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🚀 Discover this trending post from Business News 📖 📂 Category: 💡 Here’s what you’ll learn: chrisanabong ditravipat | moment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.Lawyers for the wealthy advise clients to increase their charitable giving this year to take advantage of tax benefits that will decrease in 2026.President Donald Trump's omnibus tax and spending bill included provisions that reduce the tax benefits of charitable giving for high-income earners. Since the…

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