Target stock is down 64% over four years—and investors who were “hoping for an external CEO” are disappointed by the choice of its next leader, Michael Fiddelke, who will assume the role in February.
Wharton’s Joao Gomes told Fortune that cheaper borrowing would ease interest payments on the government’s $37 trillion debt burden—likely a central motivation. Read more →
U.S. Treasury Secretary Scott Bessent believes stablecoins will buoy the market for U.S. Treasuries, and the government will sell more short-term debt to meet that demand. Read more →
