Target's corporate staff has been asked to work from home next week, and employees will not find out their fate until Tuesday. A Target spokesperson told the Associated Press (AP) that the cuts represent around 8% of Target's global workforce, but the majority of employees affected work at the headquarters in Minneapolis. According to AP, Target's comparable sales dropped 1.9% in its second quarter, and its net income dropped 21%.
On October 2, 2025, IP Strategy announced the launch of its validator business on the Story Network, marking a strategic shift towards generating recurring revenue from its $IP token holdings. This business, which began operations in September 2025, has already achieved $1.5 million in staking rewards within two weeks and is expected to be highly profitable with potential annual revenues of approximately $28.5 million.
CleanGo Innovations Inc. has announced a strategic partnership with Toronto-based Zing Bias Inc., a leading e-commerce, design, and public relations firm. This collaboration aims to accelerate CleanGo's sales growth and expand its global market presence through enhanced e-commerce optimization, digital marketing, and public relations strategies. The partnership is expected to elevate CleanGo's brand, refresh its retail product lines, and position the company for future growth, aligning with its mission to set industry standards for eco-friendly cleaning solutions.
The AI chipmaker reported record revenue of $16 billion, a 22% year-over-year increase, driven by a 63% surge in AI semiconductor revenue to $5.2 billion. Its infrastructure software segment, bolstered by the 2023 VMware acquisition, grew 43% to $6.79 billion. Broadcom's adjusted EBITDA hit $10.7 billion, up 30% from last year, reflecting robust profitability. The company also raised its Q4 revenue guidance to $17.4 billion, surpassing Wall Street's $17.02 billion estimate, with AI revenue expected to reach $6.2 billion.
Hamburger, who joined the UK leadership team in 2024, was responsible for overseeing franchising and delivery operations across Britain. She has now been promoted to managing director of McDonald's Netherlands. Her name frequently drew attention during her tenure - she once joked that "some things are meant to be," acknowledging the nominative determinism of running restaurants at a company famous for flipping burgers. "Hamburger has been my name my entire life too, so as you can imagine, it has always made people do a bit of a double take," she told The Times.
