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Missouri Attorney General Andrew Bailey discusses St. Louis Circuit Attorney Kim Gardner’s departure amid alleged negligence on ‘The Bottom Line.’

Target lost an additional $500 million from organized retail crime at its stores compared to last year, the company announced Wednesday.

CEO Brian Cornell said on the company’s fiscal first-quarter earnings call that slowed sales and hesitant shoppers are not the only reason for losses this year, as stolen goods put a sizable dent in the retailer's earnings.

SAN FRANCISCO TARGET LOCKING SHELVES IN MOVE TO STOP THEFT

Target lost an additional $500 million from organized retail crime at its stores as compared to last year, the company announced Wednesday. (Chris Machian/Omaha World-Herald via AP / AP Newsroom)

"The problem affects all of us, limiting product availability, creating a less convenient shopping experience, and putting our team and guests in harm’s way," Cornell said.

CFO Michael Fiddelke said that lost inventory, referred to in retail as "shrink," reduced the company's first-quarter earnings by 1% compared to last year.

Target missed Wall Street’s earnings expectations last year for three consecutive quarters, putting the company in a desperate spot with shareholders as crime rates reach historic highs.

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Retail stores across the country have added safety locks on popular stolen goods. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images / Getty Images)

One common theory for increases in stolen retail goods is the growth of online marketplaces where sales can be made anonymously. 

The trend has led many of Target's competitors, such as Walgreens, CVS and Walmart, to speak up as well on the need to counter organized retail crime. Retail stores across the country have added safety locks on popular stolen goods. 

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Target CFO Michael Fiddelke said that lost inventory, referred to in retail as “shrink,” reduced the company’s first-quarter earnings by 1% compared to last year.

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Another possible solution pushed by retail companies is government regulation and enforcement through the INFORM Consumers Act passed last year as a part of the omnibus bill. The legal framework allows state attorney generals to require online verification in online marketplaces to counter the sales of stolen and counterfeit goods. 

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Science

NASA’s Hubble and Webb Discover Bursting Star Formation in Small Magellanic Cloud

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July 12, 2025

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NASA’s Hubble and Webb Discover Bursting Star Formation in Small Magellanic Cloud

Scientists from NASA observed the bursting expansion of gas, stars, and dust from the glittering territory of the dual star clusters using Hubble and Webb space telescopes. NGC 460 and NGC 456 stay in the Small Magellanic Cloud, which are open clusters, with dwarf galaxies and orbit the Milky Way. These clusters are part of the extensive star complex clusters and nebulae that are most likely to be linked to each other. Stars are born upon the collapse of clouds.

Hubble and Webb Reveal Explosive Star Births in Small Magellanic Cloud

As per a report from NASA, the open clusters are from anywhere from a few dozen to many young stars, which are loosely bound by gravity. The images captured by Hubble capture the glowing and ionised gas, which comes from stellar radiation and blows bubbles in the form of gas and dust, which is blue in colour. The infrared of Webb shows the clumps and delicate filament-like structures and dust, which is red in colour.

NGC 460 and NGC 456: A Window into Early Universe Star Formation

Hubble shows the images of dust in the form of a silhouette against the blocking light; however, in the images of Webb, the dust is warmed by starlight and glows with infrared waves. The blend of gas and dust between the stars of the universe is called the interstellar medium. The region holding these clusters is known as the N83-84-85 complex and is home to multiple, rare O-type stars. These are hot and extremely massive stars that burn hydrogen like the Sun.

Such a state mimics the condition in the early universe; therefore, the Small Magellanic Cloud gives a nearby lab to find out the theories regarding star formation and the interstellar medium of the cosmos’s early stage.

With these observations, the researchers tend to study the gas flow from convergence to divergence, which helps in refining the difference between the Small Magellanic Cloud and its dwarf galaxy, and the Large Magellanic Cloud. Further, it helps in knowing the interstellar medium and gravitational interactions between the galaxies.

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Binance’s CZ threatens to sue Bloomberg over Trump stablecoin report

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July 12, 2025

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Binance’s CZ threatens to sue Bloomberg over Trump stablecoin report

Binance’s CZ threatens to sue Bloomberg over Trump stablecoin report

Binance co-founder CZ has dismissed a Bloomberg report linking him to the Trump-backed USD1 stablecoin, threatening legal action over alleged defamation.

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New Interstellar Object 3I/ATLAS Could Reveal Secrets of Distant Worlds

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July 12, 2025

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New Interstellar Object 3I/ATLAS Could Reveal Secrets of Distant Worlds

The entry of a third known object into our solar system has been confirmed on July 1, 2025 by the astronomers. This object is named 3I/ATLAS, where 3I stands for “Third Interstellar”, having a highly hyperbolic (eccentricity ≈ 6.2) orbit, confirming it is not bound to the Sun but is a true interstellar visitor. Only two such visitors, 1I/ʻOumuamua (2017) and 2I/Borisov (2019), had been seen before. Notably, 3I/ATLAS appears to be the largest and brightest interstellar wanderer yet discovered.

Comparison with previous interstellars

According to NASA, astronomers from the ATLAS survey first spotted the object on July 1, 2025, using a telescope in Chile. It immediately drew attention for its unusual motion. Shortly after discovery, observers saw a faint coma and tail, leading to its classification as comet C/2025 N1 (ATLAS).

This comet-like appearance is shared with 2I/Borisov, the second interstellar visitor. Global observatories now track 3I/ATLAS. It poses no threat but offers a rare opportunity to study alien material. Since 1I/ʻOumuamua was observed only as it was leaving the solar system, it was difficult for astronomers to get enough data on it to confirm its exact nature — hence the crazy theories about it being an alien spaceship — though it’s almost certainly an asteroid or a comet.

Size and Significance

3I/ATLAS is much larger and brighter than earlier interstellar visitors. It is about 15 kilometers (km) [9 miles] in diameter, with huge uncertainty, compared to 100m for 1I/’Oumuamua and less than 1km for 2I/Borisov. This brightness and size makes it a a better target for study. Astronomers are planning to analyze its light for chemical signatures from its home system to get clues about the formation of distant planetary systems.

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Further reading:
3I/ATLAS, interstellar object, Oumuamua, Borisov, astronomy, ATLAS survey, comet, hyperbolic orbit, solar system, NASA, space science, alien worlds, planetary formation, James Webb Telescope

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Apple Maps in iOS 26 Beta Version Come With An Upgraded Search Feature: Report

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