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The minutes of the Federal Reserve's July meeting released on Wednesday showed that policymakers were more concerned about the risk of inflation from the impact of tariffs than the labor market as they debated interest rate policy.The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy decisions, voted 9-2 to leave the benchmark federal funds rate unchanged for the fifth straight meeting at a range of 4.25% to […]

Michael Fiddelke will take the helm as Target’s CEO and join its board of directors in February, more than 20 years after starting his career with the retail giant as an intern.Fiddelke currently serves as chief operating officer for the Minneapolis-based retailer. He will succeed longtime CEO Brian Cornell Feb. 1, 2026, after the company's board unanimously elected him to the role, Target announced Wednesday.TARGET NAMES NEW CEO AS RETAILER FIGHTS […]

New York State Assemblyman Zohran Mamdani is holding on to a sizable lead in the New York City mayoral race, prediction markets data shows.Mamdani, the self-described socialist who prevailed to secure the Democratic nomination for the Big Apple's mayoral race this fall, has an 81% chance of winning the election this November, according to data from Interactive Brokers reviewed on Wednesday afternoon.Over the last week, Mamdani's odds have remained above 75% […]