Target Wednesday morning reported its biggest earnings-per-share miss in two years and its first revenue miss since last summer, CNBC notes.
Why it matters: The company's massively disappointing third quarter underscores the retailer's own challenges and clashes with the rosy picture Walmart painted yesterday of the American consumer.
Russell Crowe's absence in Paramount's "Gladiator II" could be felt in nearly every scene of the new movie. But unlike this Axios reporter, most critics and theatergoers don't seem to care.
BlackRock has spent big this year on expanding its private equity business, whether that be throughacquisitions or partnerships.
But now it's winding down one of its first forays into the asset class.
Driving the news: BlackRock will not raise a second fund under the Long Term Private Capital banner, despite having already been in market and securing at least $300 million in commitments.
Inversion, a developer of space-based cargo delivery, tells Axios that it has raised $44 million in Series A funding co-led by Spark Capital and Adjacent.
Why it matters: This could enable near-instant delivery of medicines and other emergency supplies to anywhere on Earth within an hour. Same goes for military cargo like drones.
The incoming administration will face stark fiscal arithmetic: Most federal dollars go to direct transfers to Americans, disproportionately located in the very places that propelled President-elect Trump back to the White House.
Why it matters: If the Elon Musk/Vivek Ramaswany-led Department of Government Efficiency is to achieve anything approaching the $2 trillion in annual cost savings they've floated, slashing bureaucrats from the federal payroll or payments to well-heeled contractors wouldn't be enough.
The Trade Desk, one of the largest publicly traded advertising technology companies globally, is building a connected television operating system, CEO and founder Jeff Green told Axios in an interview.
Why it matters: Existing OS providers, like Roku, Amazon's Fire TV and Google's Android TV, have a conflict of interest because they own content, Green said.
"You're hired," is a reality show relicPresident-elect Trump has likely been returningto a lot these days as he rapidly casts his Cabinet and administration posts.
The big picture: Analysts have pointed to the president-elect's proclivity for "central casting" stereotypes (perhaps, over experience) when selecting the loyalists, lawmakers and luminaries he wants to serve in his Trump 2.0 administration.
President-elect Trump's Cabinet increasingly resembles a European-style coalition government, staffed with a dizzying array of ideological rivals united — for now — by a grand MAGA vision.
Why it matters: The incoming administration has a little something for everyone: isolationists and hawks, populists and bankers — even a couple of lifelong Democrats who ran for president against Trump.
The Department of Justice is expected to present proposals today to limit Google's power in the wake of an August court ruling that the giant abused its search monopoly.
Why it matters: Google's leaders will continue to be at least distracted, and potentially immobilized, by the government's antitrust assault just as the firm faces the greatest challenge in its history from the OpenAI/Microsoft alliance.
A village on the Italian island of Sardinia is offering homes from $1.06 to Americans looking to leave the U.S. following President-elect Trump's reelection, per CNN.
The big picture: The drive of Ollolai, a rural village in the province of Nuoro, follows a spike in online searches in the U.S. for moving abroad following the presidential election.
