Target has named insider Michael Fiddelke its next chief executive. Investors were hoping for an outsider to take the helm and shake up the struggling retailer.

In this week’s episode, lets explore the parallels between Iran’s recent currency redenomination and the United States’ long history of monetary debasement. 

Intel’s revival as a leading chipmaker has gained traction following Tuesday’s announcement that SoftBank had taken a nearly 2% stake in the company worth $2 billion.

Much like the past few days of trading, we’re seeing some selling off in the Nasdaq, S&P 500 and small-cap Russell 2000 this morning.

The overall earnings picture remains strong and steadily improving. We saw an above-average proportion of companies beat Q2 estimates, with expectations for the current and upcoming periods also increasing.