Can Target get its ‘swagger’ back?
Incoming chief executive Michael Fiddelke promises to restore ‘swagger’ at US chain
FT News Briefing · Forhecz Topher
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Show Notes
Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for vehicle battery swapping.
Mentioned in this podcast:
Beijing turns against Nvidia’s AI chip after ‘insulting’ Lutnick remarks
Target shares drop as retailer picks insider to lead turnaround drive
UK inflation rises more than expected to 3.8% in July
Will a 3-minute battery swap beat a 5-minute charge for China’s EV drivers?
Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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