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As of late October 2025, Target announced plans to cut about 8% of its global corporate workforce, roughly 1,800 jobs, mainly at its Minneapolis headquarters. The restructuring aims to simplify management layers and accelerate decision-making amid stagnant sales and competitive pressures. The cuts exclude store employees and come as Target prepares for a leadership transition in February 2026.
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Alaska Airlines experienced a significant IT outage on October 29, causing flight cancellations and delays. The airline has since engaged external experts to assess and improve its systems, following a previous outage in July. Hawaiian Airlines flights remain unaffected, but thousands face travel disruptions.
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Kaseem Stukes, 44, allegedly shot his mother, daughter, and her boyfriend before turning the gun on himself in a Bronx apartment. His sister blames prison for his mental state. Law enforcement believes he was the shooter, but motives remain unclear. The incident shocked the community.
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Leading companies including Microsoft, JPMorgan, Walmart, and Goldman Sachs are rapidly expanding their AI initiatives. They focus on in-house model development, workforce training, and integrating AI into operations, amid ongoing debates about job impacts and strategic advantages. The story highlights recent investments, partnerships, and workforce transformations as of November 2025.
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Meta is purchasing environmental attributes of solar projects in Louisiana, adding to its renewable energy portfolio. Meanwhile, other tech companies are investing in natural gas plants and nuclear reactors in Texas and Iowa to meet rising AI data center power demands. The shift reflects a mix of renewable and fossil fuel investments amid grid constraints.
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WPP launches a review to address declining performance, potential job cuts, and a push into AI. Aston Martin reduces investment plans and reports significant losses due to US tariffs and weak Chinese demand. Both companies are re-evaluating strategies to stabilize finances amid macroeconomic headwinds.
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In late 2025, President Donald Trump began demolishing the historic East Wing of the White House to build a $300 million, 90,000-square-foot ballroom funded by corporate donors. The project has sparked bipartisan criticism over the destruction of a century-old building, displacement of the First Lady's office, and concerns about donor influence amid a government shutdown.
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The US housing market shows signs of stagnation with record-low home turnover rates, rising mortgage rates, and declining homeownership. Fewer homes are changing hands, and buyer activity remains subdued amid economic uncertainty and high prices, impacting affordability and mobility.
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Microsoft announced it has received approval to ship over 60,000 Nvidia chips to the UAE, including advanced GB300 Grace Blackwell processors, in a move that appears to contradict US export restrictions. The deal is part of a broader investment in AI infrastructure in the region, amid ongoing US-China chip export tensions.
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Stock markets declined on Tuesday amid fears of overvaluation, especially in AI stocks like Palantir, which fell despite strong earnings. Major banks forecast a possible 10-20% correction within the next year, but some investors see recent dips as healthy pullbacks in a long-term bull trend.
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The UK government faces mounting pressure to support its science and technology sectors. Reports highlight risks of losing investment and talent to the US and other countries, with calls for policy reforms to boost innovation, attract global talent, and lead in quantum and AI development.
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As of December 2025, major tech firms including HP, Amazon, Meta, and IBM are accelerating AI adoption, leading to thousands of job cuts and workforce shifts. HP plans to cut up to 6,000 jobs by 2028, citing AI-driven productivity gains. Meanwhile, AI-assisted "vibe coding" has been named Collins Dictionary's 2025 word of the year, reflecting a transformative shift in software development and workplace culture.
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Despite low unemployment rates, many Americans face prolonged joblessness, with over a quarter unemployed for more than six months. Experts highlight emotional and economic tolls, as companies hesitate to hire amid economic uncertainty and layoffs increase. The situation signals a bifurcated labor market with lasting impacts.
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Anthropic reports disrupting a Chinese-backed cyber operation using AI to automate hacking, targeting 30 entities globally. The attack involved minimal human oversight, raising concerns about AI's role in cyber warfare. The incident highlights escalating AI-enabled cyber threats and the potential for automation to expand cyberattack capabilities.
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The European Commission is moving to delay and relax key digital regulations, including AI and data privacy laws, citing the need to boost competitiveness. Critics warn this marks a retreat from Europe's leadership in digital rights, amid US and Chinese competition. The changes aim to simplify rules for businesses, especially startups, but raise concerns over privacy and innovation.
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The US government announced a $550 billion funding commitment to nuclear projects, including restarting Three Mile Island and supporting new reactors in Japan. The move aligns with US priorities on energy security and climate change, amid a global nuclear renaissance.
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Economists warn of five key risks for 2026, including US growth, global manufacturing, political influence on the Fed, AI bubble burst, and rising debt issuance, amid ongoing economic uncertainty and shifting market dynamics.
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Bank of England's Greene signals potential rate cuts if economic weakness persists, citing weak employment and consumption data. Markets expect a rate cut to 3.75% by end-2025 amid mixed economic signals, with inflation and wage growth key factors.