Seeking Alphaยท2025-10-24 10:47Group 1: Alaska Airlines - Alaska Airlines experienced an IT outage that grounded all flights, leading to the cancellation of over 220 flights [3][5] - Operations were restored after the ground stop was lifted at 11:30 PM Pacific time [3] - The airline postponed its third-quarter 2025 financial results conference call due to the outage [6] Group 2: Target Corporation - Target Corporation announced a significant downsizing, cutting 1,800 corporate job positions, which includes 1,000 layoffs and the removal of approximately 800 open positions, representing about 8% of its global workforce [7][8] - U.S. corporate staff have been instructed to work remotely during the notification process for affected employees [7] - Target's shares rose by 0.7% in premarket trading following the announcement [8] Group 3: Economic Data - The Consumer Price Index (CPI) report is anticipated, with expectations of persistent retail inflation in September, projected to rise 0.4% month-over-month and 3.1% year-over-year [10][11] - Core CPI, excluding food and energy, is also expected to rise 0.3% month-over-month and 3.1% year-over-year [12] - The CPI report was rescheduled to October 24 due to a government shutdown, and it will be the last significant economic reading before the Federal Reserve's monetary policy meeting [13][14]