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Michael Fiddelke, Target's chief operating officer (COO) who is viewed as the leading internal candidate to be the next CEO, gestures during Target’s financial community meeting at The Times Center in New York, U.S., March 4, 2025. REUTERS/Siddharth Cavale/File Photo

Target stock slumps after retailer names insider Fiddelke to CEO role

In his first media call as incoming CEO, Fiddelke said his “number one goal is to get us back to growth.”

Johnnie Walker bottles are displayed on a shelf in a supermarket in Sarajevo, Bosnia and Herzegovina, October 29, 2024. REUTERS/Dado Ruvic/File Photo

Diageo CEO Crew steps down as company pursues turnaround, cost cuts

Shares in the maker of Johnnie Walker whisky and Guinness beer rose as much as 4.5% after the Financial Times first reported the news.

A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo

Starbucks sales set to drop again as investors wait for turnaround

Starbucks is set to report its fourth straight quarter of comparable sales decline in what could be another blow for efforts to revive demand at the struggling coffee chain.

LONDON, ENGLAND - DECEMBER 07: A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England. (Photo by Dan Kitwood/Getty Images)

Record-breaking bitcoin surges towards $90,000 on Trump boost

Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president.

A Microsoft sign at the U.S. tech giant's offices in Issy-les-Moulineaux, near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes/File Photo

Microsoft’s AI lead puts Amazon cloud dominance on watch

Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com.

Tesla falls on long wait for Cybertruck payoff, hefty price tag

Tesla shares fell about 2% after the highly anticipated launch of its Cybertruck left analysts concerned about the EV’s steep price tag and a longer wait for significant financial payoff.