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What are the big business stories recently?

Asked 12 hours ago

Answer

Recent big business stories include Target's CEO stepping down amid declining sales and DEI backlash, SoftBank's $2 billion investment in Intel, new Trump tariffs impacting various industries, and Viking Therapeutics' stock plunge after obesity drug trial results.

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CBS America

Target CEO to step down after declining sales and profits

CBS America · Recent
CBS America
CBS America
Recent
  • Target CEO Brian Cornell will step down after a period of weak sales.
  • COO Michael Fidelke will replace Cornell as CEO. 26s
  • Target has seen 11 straight quarters of declining or slowing sales, with profits down nearly 20%. 33s
  • Tariffs, increased competition, and reduced consumer confidence have contributed to Target's struggles. 47s
  • Rolling back diversity, equity, and inclusion programs has also negatively impacted sales. 1m 46s
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References

Target CEO to step down after declining sales and profits
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CBS America
21 hours ago
Target CEO to step down after declining sales and profits

Target CEO Brian Cornell is stepping down after weak sales, a 25% stock drop, and nearly 20% decline in profits. Michael Fidelke will take over as CEO.

Trump expanding steel and aluminum tariffs
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CBS News
1 day ago
Trump expanding steel and aluminum tariffs

The Trump administration expands tariffs on 407 steel and aluminum products, likely leading to price increases for goods like car parts and appliances.

Europe's banks are struggling to compete - politics is to blame
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CNBC
1 day ago
Europe's banks are struggling to compete - politics is to blame

European banks struggle to compete with Wall Street due to political and regulatory barriers, hindering mergers and profitability.

Viking Therapeutics plummets on new obesity drug data
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CNBC
2 days ago
Viking Therapeutics plummets on new obesity drug data

Viking Therapeutics shares drop over 40% after obesity drug trial data shows high discontinuation rates due to side effects, raising doubts about competitiveness.

Trump tariffs leaving Black beauty businesses in peril
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Reuters
2 days ago
Trump tariffs leaving Black beauty businesses in peril

Black-owned beauty businesses face sharp price hikes and supply disruptions due to tariffs on imports from China and Vietnam, forcing some to close.

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