Target’s stock is down 64% since its all-time high four years ago. (During that time, Walmart shares have more than doubled.) Cornell, who took the reins in 2014, will stay on as executive chairman.

It didn’t have to be this way. At the start of his tenure, Cornell, who the company announced yesterday will step down as CEO on February 1, was an outsider unafraid to move fast and break things. He ...

China-specific AI chip after US Commerce Secretary Howard Lutnick made comments officials found "insulting." Chinese regulators are now trying to discourage domestic tech firms from buying the H20 ...