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Table of Contents – TGT Stock
NEW YORK — In a dramatic response to prolonged slumping sales, Target Corporation announced that longtime CEO Brian Cornell is stepping down, sending TGT stockplummeting 10% in premarket trading.
The leadership shake-up, effective February 1, 2026, comes as the big-box retailer reported its third consecutive quarter of declining sales, cementing its position as one of the worst-performing stocks in the S&P 500 this year. Cornell, who has led the company for 11 years, will be replaced by current Chief Operating Officer Michael Fiddelke, a 20-year company veteran who started as an intern. Cornell will remain as executive chairman.
This transition, however, is being viewed by many analysts as too little, too late, failing to address the deep-seated challenges plaguing the Minneapolis-based chain.
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A Legacy of Highs and Lows – TGT Stock
Brian Cornell’s tenure was a tale of two eras. Hired in 2014, he was hailed as a savior. He spearheaded a massive revitalization, remodeling stores and building a formidable online business to compete with Amazon. By 2019, his success in turning the company around earned him recognition as CNN Business’s CEO of the Year.
The pandemic boom of 2020 and 2021 further supercharged Target, as shoppers flooded stores for everything from essentials to home office supplies. The retailer became a darling of Wall Street.
But the cracks began to show in 2022. The company severely misjudged post-pandemic demand, leading to a massive glut of unsold inventory just as decades-high inflation began squeezing its core customers. Shoppers abruptly stopped buying discretionary goods—Target’s specialty—and shifted spending toward essentials, a category where rivals like Walmart and Costco hold a dominant advantage.
A Perfect Storm of Controversy and Competition
The last year has been particularly brutal. Earlier in 2025, Target’s decision to retreat from some of its long-standing Diversity, Equity, and Inclusion (DEI) initiatives sparked intense backlash. The move alienated its progressive customer base, with critics, including the daughters of a Target co-founder, calling it “a betrayal.” The company itself acknowledged the policy reversal hurt sales.
This controversy, combined with a broader consumer slowdown, has created a perfect storm. As Bank of America analyst Robert Ohmes noted, Target is uniquely vulnerable. More than half of its merchandise is discretionary, and it imports about 50% of its goods, making it more susceptible to tariffs than competitors. This forces Target to raise prices at almost double the rate of Walmart to maintain margins, further driving away cost-conscious shoppers.
Is an Insider the Right Answer?
The board’s choice to promote from within is facing sharp criticism. Neil Saunders, an analyst at GlobalData Retail, called it a missed opportunity.
“This an internal appointment that does not necessarily remedy the problems of entrenched groupthink and the inward-looking mindset that have plagued Target for years,” Saunders said in a client note. “Target, which used to be very attuned to consumer demand, has lost its grip on delivering for the American shopper.”
The fundamental question for investors is whether Fiddelke can execute the drastic strategic shift many analysts believe is necessary. The new CEO must navigate intense competition, recalibrate its merchandise mix, and rebuild trust with a fractured customer base.
With TGT stock under severe pressure and the company’s long-term outlook described as “deteriorating” by some on Wall Street, the path to recovery appears steep. The market’s sharp negative reaction to the news suggests investors are bracing for more pain ahead.
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Table of Contents
The Ultimate Baseball Marathon
The day’s schedule is packed with wall-to-wall coverage, ensuring you don’t miss a single pitch from your favorite franchise. The action began at noon ET on NBC with an NL East showdown between the New York Mets and the Atlanta Braves. Later tonight, the primetime slot on NBC at 7:00 p.m. ET features a blockbuster matchup: the Los Angeles Dodgers hosting the San Diego Padres.
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Between those marquee games, Peacock is hosting a marathon of 13 additional games. For those who want to track multiple storylines at once, Peacock is offering an “MLB Multiview” feature, allowing viewers to stream up to four games simultaneously on their devices—a perfect tool for fantasy players and die-hard enthusiasts alike.
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Why This Matters for Sports Fans
This isn’t just about watching games; it’s about the evolution of how we consume sports. In an era where fragmentation often makes it difficult to find a game on cable, having the entire league under one “roof” is a refreshing change. Whether you are rooting for a pennant race contender or just want to catch a glimpse of the league’s top prospects, today provides an unparalleled window into the world of Major League Baseball.
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As you enjoy the games, consider the effort behind the scenes. Rob Hyland, NBC Sports SVP of Production, noted that this event required months of collaboration between local production teams and MLB. It’s a bold experiment in “competitive” broadcasting, ensuring that the 250th birthday weekend of the nation is marked by the sport that defines its summers.
How to Watch
To catch all the action, ensure you have your Peacock subscription ready. While the two featured games are available over the air on NBC, the vast majority of the day’s content lives on the Peacock streaming platform. So, grab your snacks, kick back, and enjoy the biggest baseball broadcast event in television history.
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In a monumental shift for American sports broadcasting, baseball fans are witnessing a historic day. For the first time, a single media network is bringing the entire Major League Baseball slate to your living room. Today, all 30 MLB teams are in action, with every single game airing across NBC and Peacock.
This event, dubbed “Star-Spangled Sunday,” marks a massive technical and logistical undertaking, mirroring the scale usually reserved for the Olympic Games. It is a dream scenario for fans who want to immerse themselves in the national pastime for the entire day.
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Table of Contents – Trump mount rushmore
The “Dream” Meets Structural Reality
As President Donald Trump (Trump Mount Rushmore) makes his way to South Dakota this Friday, the nation’s eyes are once again fixed on the iconic granite peaks of Mount Rushmore. Amidst the pomp and circumstance of the country’s 250th anniversary, the perennial question has resurfaced: Is it time for a fifth face to join the monument? While the idea remains a favorite talking point for his staunchest allies, the reality is far more solid—and less yielding—than political rhetoric suggests.
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For years, President Trump has toyed with the concept of his likeness being carved into the Black Hills. From joking comments at rallies to sharing digital mock-ups on his social media platforms, the president has made no secret that he finds the idea appealing. In a private meeting during his first term, he famously told then-Governor Kristi Noem that it was his “dream” to be featured alongside Washington, Jefferson, Roosevelt, and Lincoln.
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However, the “mountain” he needs to move is not political; it is literal. According to engineers and the National Park Service, there is simply no remaining surface area to accommodate another sculpture. Sculptor Gutzon Borglum, who oversaw the original project, noted as early as 1936 that the composition was “fixed” and that the stone lacked the structural integrity to support further expansion.
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Stalled Legislation and Political Friction
Despite these warnings, the push to memorialize the 45th and 47th President continues in Washington. In early 2025, Rep. Anna Paulina Luna introduced legislation to mandate the carving, arguing it would “reflect his towering legacy.” The bill remains firmly stalled, lacking the bipartisan support necessary to clear the Senate.
While some members of his administration, including Interior Secretary Doug Burgum, have publicly suggested there is “certainly” room for his face, these statements clash with the long-standing assessment of park officials. Critics argue that the focus on such projects is a distraction from more pressing national issues, while supporters see it as a fitting tribute to a leader who has sought to reshape American architectural and cultural identity.
A Different Climate in 2026
President Trump’s return to the memorial comes six years after his contentious 2020 visit. That event, held during the height of the global pandemic and national unrest following the death of George Floyd, was marked by a defiant speech against “cancel culture.”
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This year’s visit is focused on the Freedom 250 celebrations. Unlike the 2020 event, which took place during a moment of profound national crisis, this visit is aimed at celebrating the nation’s 250th birthday. Thousands of attendees are expected, though security remains tight and a designated area has been set aside for protesters near the town of Keystone, reflecting the ongoing political divide that persists even during historic milestones.
Whether or not the President ever finds his place on that granite cliffside, his imprint on the American political landscape is undeniable. For now, the mountain stands as it has for nearly a century: a testament to a bygone era of American expansionism, largely unchanged by the shifting tides of modern politics.
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A Legacy of Power and Turbulence
Alan Greenspan, the legendary economist who served as the chairman of the Federal Reserve for nearly two decades, has passed away at the age of 100. His death was confirmed on Monday by his wife, renowned NBC News correspondent Andrea Mitchell.
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Mitchell, who was married to Greenspan for 29 years, shared a poignant statement confirming that he died at their home due to complications from Parkinson’s disease. “He was a giant of a man who helped shape the U.S. economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes,” Mitchell said.
Serving five terms as the Fed chair under four different presidents—Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush—Greenspan’s influence on the global financial landscape was unparalleled. Often referred to as “The Maestro,” he was widely credited with overseeing one of the most prosperous periods in American history, including the longest economic expansion from 1991 to 2001.
Alan Greenspan
Born on March 6, 1926, in New York City, Greenspan’s journey began with a passion for music. A graduate of the Juilliard School, he spent time as a professional jazz musician before pivoting to economics at New York University. His early association with philosopher Ayn Rand profoundly shaped his views on laissez-faire capitalism, a philosophy that would later influence his tenure as a policymaker.
Navigating Modern Capitalism
Greenspan took the helm of the Fed in 1987, shortly before the infamous “Black Monday” market crash. His swift, decisive actions to provide liquidity to the markets during that crisis helped cement his reputation as a steady hand. Throughout the 90s and early 2000s, his ability to manage interest rates became legendary, with investors and politicians alike watching his every word to forecast market moves.
Alan Greenspan
However, his legacy is not without significant controversy. Critics often point to his advocacy for financial deregulation as a contributing factor to the 2008 global financial crisis. Greenspan himself later acknowledged the complexity of the economic landscape, referring to the crisis as a “once-in-a-century credit tsunami.”
Despite these challenges, he remained a fixture of American public life, advising presidents and maintaining a unique reputation as the world’s most powerful central banker. Beyond the boardroom, he was a man of varied interests, ranging from his love for the Washington Commanders to his deep appreciation for jazz music.
Alan Greenspan
“To me he was my husband, who shaped my life from our very first date in 1984,” Mitchell added. “He will be remembered for his brilliance and his kindness. Being his life partner was the joy of my life.”
Alan Greenspan
As the world reflects on his century-long life, the financial community remembers a man who defined the American economy for a generation.