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(NEW YORK) -- Target CEO Brian Cornell will step down early next year after more than a decade at the helm of the $107 billion retail giant, the company said on Wednesday.In recent years, Target has suffered sluggish sales as the company weathered consumer boycotts over its Pride collection and a rollback of its diversity, equity and inclusion policies.Michael Fiddelke, who currently serves as chief operating officer, will assume the role of CEO […]

(NEW YORK) -- Elon Musk-owned xAI on Monday sued tech giants Apple and OpenAI over an alleged scheme to illegally dominate the artificial intelligence industry through a collaboration that equipped iPhones with AI tools.The exclusive agreement between the world's largest smartphone producer and a top AI firm effectively shut other AI companies out of an opportunity to reach tens of millions of customers, according to the lawsuit filed in a […]

(NEW YORK) -- The United States and European Union on Thursday released new details of their trade agreement, including tariff levels for consumer staples like pharmaceuticals and autos.Prior to the agreement last month, the European Union faced the prospect of a 30% tariff rate. Instead, products from one of the largest U.S. trade partners will be slapped with a 15% tariff.In exchange, the EU will remove tariffs on U.S. goods and European […]

(NEW YORK) -- SpaceX's Starship is about to face its 10th test flight following explosions on previous launches. SpaceX CEO Elon Musk has promised that the world's most powerful rocket and spacecraft will one day take humans to Mars and beyond. But leading up to its 10th launch, scheduled for Sunday at 7:30 p.m. ET, Starship has yet to achieve all its mission goals. And the last three flight tests, plus […]