Business News - LeadStory

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Pastor who led DEI boycott against Target speaks after CEO steps down

CNN’s Kate Bolduan talks with Pastor Jamal H. Bryant, a leader of a boycott of Target over DEI policies, about CEO Brian Cornell stepping down after 11 years at the retailer.

CNN

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Target CEO to step down after declining sales and profits

After months of missing the bullseye on sales, the CEO of Target is headed for the exit. The company said that CEO Brian Cornell will be replaced in February. Jo Ling Kent has more.

CBS America

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Data centers expanding fast, but workers are in short supply

With roughly 400,000 trade jobs unfilled in the U.S., data centers powering the artificial intelligence boom face a staffing crisis. Mark Strassmann reports.

CBS America

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Trump expanding steel and aluminum tariffs

The Trump administration says it is adding 407 items to the list of "derivative" steel and aluminum products subject to higher tariffs. The list includes products like car parts, household appliances, baby strollers, fire extinguishers a...

CBS News

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South Africa looks to enhance global cooperation in face of tariffs

South African economists are urging enhanced global cooperation, stressing the urgent need to counter American trade policies that have severely disrupted exports and could exacerbate job losses in an already struggling economy.

Africanews

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Gingerbread in summer as tariffs loom

German gingerbread is baked in summer to be ready for the holiday season. This year, U.S. tariffs could hit Christmas cookie profits.

DW News

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J Rogers Kniffen: Big part of Target's problems are operational

Jan Kniffen, J Rogers Kniffen Worldwide CEO, joins 'Power Lunch' to discuss Target's new CEO, what to expect from Target and much more.

CNBC

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Heineken U.S. CEO: Non-alcoholic beer is part of the future

Maggie Timoney, Heineken U.S. CEO, joins 'Power Lunch' to discuss the company's non-alcoholic drinks, how to build the consumer base and how the brand is navigating tariffs.

CNBC

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ESPN streaming service set to launch

CNBC's Julia Boorstin breaks down the latest details on Disney's new flagship ESPN streaming platform, set to launch tomorrow (August 21).

CNBC

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Air Canada strike ends, but travel hurdles remain

Air Canada has resumed operations but it will be days before the backlog of flight cancellations are cleared. Many passengers are facing long waits and limited information about alternative travel arrangements.

CBC News

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Labubu-maker soars on earnings

CNBC's Eunice Yoon joins 'Money Movers' with the details on earnings from Labubu-maker Pop Mart International Group.

CNBC

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Bessent says China tariff status quo 'working pretty well'

Bloomberg's Suzanne Lynch joins Dani Burger on "Bloomberg Brief" to discuss the current 'status quo' in U.S.-China trade, as well as the growing geopolitical tensions stemming from increased Indian purchases of Russian oil.

Bloomberg

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Why customers turned away from Target

Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI. Michael Fiddelke, Target’s current chief operating officer, will replace Cornell on Februa...

CNN

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Japan seeks bigger role in Africa at Yokohama summit

Organisers say the initiative reflects Japan’s ambition to position itself as a reliable partner in Africa’s growth, with a focus on connectivity, trade, and sustainable development.

Africanews

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U.S. threatens to cut off transit system funds over NYC subway safety

The U.S. Transportation Department said it may withhold up to 25% of federal transit funding for New York state's Metropolitan Transportation Authority if the agency does not improve safety for subway track maintenance workers.

Reuters

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Sweden moves entire church across Kiruna city for mine expansion

How do you move a 110-year-old church? Very carefully and very slowly according to crews in Sweden who are attempting to do just that. It’s part of a massive effort to relocate an entire town, before it’s swallowed up by a nearby mine.

Al Jazeera

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Despite tentative Air Canada deal, travellers still frustrated with airline

Air Canada flights are resuming after a tentative deal put an end to a strike that began on the weekend, but not all of the airline's customers flying out of Winnipeg were happy following the labour disruption.

CBC News

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U.S. big techs selling off on worries that AI hype overblown

CNBC's Squawk Box Asia anchors Martin Soong and Chery Kang take a look at the rotation out of big tech on Wall Street, and what's driving concerns about the current AI boom.

CNBC

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American paychecks still not keeping up with inflation, study finds

Four years after the pandemic caused prices to increase, a new study by Bankrate found that U.S. wages have still not caught up with inflation.

CBS America

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Inside a training facility for air traffic controllers

The FAA is assembling the next generation of air traffic controllers at an Oklahoma City training center in an effort to end its staffing shortage. Kris Van Cleave got an inside look.

CBS America

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Could marijuana be reclassifed?

Marijuana could soon be reclassified as a less-dangerous drug. What would that mean on a national level? It could benefit businesses and even researchers.

Fox News

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Viking Therapeutics plummets on new obesity drug data

Shares of Viking Therapeutics plunged Tuesday after the company released midstage trial data on its obesity pill that disappointed investors. CNBC’s Angelica Peebles joins 'Money Movers' to discuss.

CNBC

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Viking Holdings CEO: No casinos, kids, or nickel & diming our guests

Torstein Hagen, Viking Holdings chairman and CEO, joins 'Money Movers' to discuss earnings, global demand and the state of the consumer.

CNBC

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Air Canada reaches tentative agreement with flight attendant union

Air Canada has reached a tentative agreement with the Canada Industrial Relations Board (CIRB), ending the strike that began over the weekend involving 10,000 members and disrupted travel for more than 100,000 travelers per day.

CBS News

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This Swedish church is moving 3 miles down the road

The Kiruna Church is being moved along a 5-kilometer (3-mile) route east to a new city center as part of the town’s relocation. It’s happening because the world’s largest underground iron-ore mine is threatening to swallow the town.

France 24

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Home Depot stock rises as retailer maintains full-year forecast

CNBC's Courtney Reagan joins 'Squawk on the Street' with the latest earnings report from Home Depot.

CNBC