Target will cut 1,800 corporate jobs—about 8% of its corporate workforce—in its first major layoffs in a decade, the Minneapolis-based retailer said. In a memo, incoming CEO Michael Fiddelke said the move is meant to simplify operations and speed decisions as the company battles a sales slump and expects annual...
In a blunt earnings-call pitch, Tesla CEO Elon Musk said he needs voting control and a pay package worth nearly $1 trillion to proceed with building a 'robot army,' warning he could be ousted otherwise. The proposal ties compensation to milestones, including 1 million robotaxis and 1 million humanoid robots,...
USPS says machine-applied postmark dates may not match the day mail is dropped off. As the agency reorganizes, reduced pickups for areas more than 50 miles from new processing hubs mean some first-class mail isn’t processed until the next day. That lag could affect deadlines for ballots, taxes, and legal...
American Airlines has appointed industry veteran Nat Pieper as its new commercial chief, as its profits trail Delta and United. Pieper, 56, previously led the Oneworld alliance and has held senior roles at Northwest, Delta and Alaska, spanning network, alliances, fleet strategy and finance. He starts Nov. 3, overseeing commercial...
The Trump administration is negotiating equity-for-funding deals with quantum-computing firms, including IonQ, Rigetti Computing and D-Wave Quantum, the Wall Street Journal reported, citing anonymous sources. Quantum Computing Inc. and Atom Computing are weighing similar arrangements. Shares jumped in early Thursday trading: IonQ and D-Wave up 9%, Rigetti 7%, Quantum Computing...
Paramount made three escalating, rejected bids to buy Warner Bros. Discovery, culminating on Oct. 13 with a $23.50-per-share cash-and-stock offer—an 87% premium—and a proposal to keep David Zaslav as co-chief executive and co-chairman. A letter from Paramount chief David Ellison to the board helped explain Warner Bros. Discovery’s announcement that...
Southwest Airlines reported an unexpected third‑quarter profit, topping Wall Street on adjusted EPS and revenue, even as net income fell 19% to $54 million. Revenue inched up 1% to $6.95 billion. The carrier forecast record fourth‑quarter sales, guiding unit revenue up 1%–3% and capacity up 6%, assuming demand holds. It...
The Agriculture Department will reopen about 2,100 Farm Service Agency offices nationwide on Thursday despite the government shutdown, enabling access to $3 billion in existing aid. Each site will have two paid staff, with funding drawn from the Commodity Credit Corporation, a White House official said. Republicans and farm groups...
Tesla’s third-quarter profit fell 37% to $1.4 billion even as revenue rose 12% to $28.1 billion, squeezed by price cuts, low-interest loans and tariffs. Revenue from clean-air credits dropped 44% to $417 million. The company declined to issue a forecast, citing shifting trade and fiscal policies. Shares slipped about 1.5%...
Amazon is accelerating warehouse automation that could replace 600,000 jobs and deliver multibillion-dollar savings, according to internal plans reported by the New York Times and an analysis by Morgan Stanley. The company aims for 75% automation and about 40 next-gen robotics sites by 2027, with retrofits already underway. Analyst Brian...
