President-elect Donald Trump has nominated Scott Turner, an accomplished former NFL player and Texas state representative, to lead the U.S. Department of Housing and Urban Development (HUD). With a distinguished career span from sports to politics, Turner has pioneered initiatives aimed at community development, making his mark as the first Black individual selected for Trump's Cabinet. Tasked with overseeing crucial housing programs amidst prospective budget cuts, Turner's nomination is heralded by many, marking a significant milestone in the administration's housing policy plans.
Disney's Moana 2 is poised for a record-breaking debut at the Thanksgiving box office, with early projections indicating up to $135 million in sales. The animated sequel, featuring returning stars Auli‘i Cravalho and Dwayne Johnson, is creating massive buzz ahead of its November 27 release. The film is making headlines with unprecedented ticket presales and potential Oscar nominations for its original songs. Competing against big releases like Wicked and Gladiator II, Moana 2 is expected to reignite cinema attendance following a dull fall season.
The Cincinnati Reds have acquired pitcher Brady Singer from the Kansas City Royals in a high-profile trade that includes infielder Jonathan India and outfielder Joey Wiemer. This exchange aims to address respective team needs, bolstering the Reds' rotation with Singer's reliability while adding India's on-base prowess to the Royals' lineup.
President-elect Donald Trump has nominated Congresswoman Lori Chavez-DeRemer of Oregon as Secretary of Labor, a decision that has surprised many due to her labor-friendly stance. As a rare pro-union Republican, Chavez-DeRemer has received praise from union leaders but sparked some conservative criticism. With a focus on uniting business and labor, her nomination marks a potential shift in the Trump administration's labor policy.
Donald Trump has announced the nomination of Scott Bessent, a prominent hedge fund manager and former chief investment officer for George Soros, to be the next Secretary of the Treasury. Bessent's nomination comes as Trump rapidly fills cabinet positions in preparation for his second presidential term. Known for his expertise in international investment and geopolitical strategy, Bessent is expected to support Trump's economic vision focusing on US competitiveness and addressing trade imbalances. If confirmed, he will face challenges such as managing substantial federal deficits and navigating complex trade relations, particularly with China.
President-elect Donald Trump has nominated Scott Turner, a former NFL player and Texas state representative, as the new Secretary of Housing and Urban Development (HUD). This nomination marks Turner as the first Texan in Trump's second Cabinet and the highest-ranking Black official in this administration. Turner's past experience includes serving Texas and directing the White House Opportunity and Revitalization Council during Trump's first term. With housing affordability being a pressing issue, his confirmation is anticipated to bring transformative changes and policy updates, amid concerns of potential budget cuts following trends from Trump's previous administration.
Norwegian Cruise Line has announced the cancellation of 38 cruises for three ships—Norwegian Jewel, Norwegian Star, and Norwegian Dawn—spanning from November 2025 to April 2026. The decision, aimed at fleet redeployment, affects itineraries mainly in the Caribbean, Bahamas, South America, Antarctica, Africa, and Asia. All affected passengers will receive full refunds and a 10% Future Cruise Credit. The company has yet to provide details on the redeployment plans for the affected vessels.
Wolverine Packing Co., a meat distributor based in Detroit, has announced a recall of over 167,000 pounds of ground beef due to E. coli contamination concerns. This recall follows reports of illnesses in Minnesota linked to the beef. The U.S. Department of Agriculture's Food Safety and Inspection Service is overseeing the recall, which affects products shipped to restaurants nationwide. Consumers are advised to check their refrigerators and freezers for impacted products and ensure beef is cooked thoroughly to prevent illness. The company pledges to enhance safety measures in collaboration with food safety officials.
The future of Major League Baseball in Tampa Bay hangs in the balance as financial and environmental issues threaten the Tampa Bay Rays' plans for a new stadium. Delays in bond votes have halted progress on the proposed $1.3 billion venue at Tropicana Field, compounded by financial strain from hurricane damage. This article explores the multifaceted challenges facing the Rays, their temporary relocation plans, and the environmental impact of recent hurricanes on the area.
Target Corporation has recently faced a significant downturn after reporting disappointing third-quarter earnings, causing its stock to plunge over 21%. The retailer's profits fell sharply, with earnings per share (EPS) reported at $1.85, substantially below analyst expectations of $2.30. Additionally, revenue came in at $25.67 billion, just shy of the $25.90 billion anticipated by Wall Street.In a surprising turn, Target also slashed its full-year EPS guidance to a range of $8.30 to $8.90, down from a previous estimate of $9 to $9.70, marking its biggest earnings miss in two years. The company's comparable store sales increased slightly by 0.3%, underperforming against the expected 1.5% rise, while same-store sales saw a decline of 1.9%. These results stand in stark contrast to its rival Walmart, which reported healthy growth in its sales.Target's CEO Brian Cornell pointed to 'lingering softness in discretionary categories' and unexpected costs from supply chain challenges as key factors adversely affecting performance. Despite some positive indicators, like a 10.8% rise in digital sales, the company struggled to attract customers who are increasingly price-sensitive amid economic pressures, leading them to prioritize essential items and seek more deals.JPMorgan analysts expressed skepticism about Target's near-term prospects, pointing to uncertainty surrounding the holiday shopping season and heightened competition from Walmart. The company has been actively trying to attract shoppers by cutting prices on thousands of items, but clearly, these efforts have not yet translated into better sales performance.In light of these challenges, Target's shares have fallen significantly, demonstrating a broader trend within a retail sector that is adjusting to changing consumer behavior. With growing concerns about holiday sales and overall market dynamics, analysts are keeping a close watch on the company's strategies moving forward.