Guests shop Target Black Friday Deals and Taylor Swift Exclusive Products on November 29, 2024 in Jersey City, New Jersey. Dave Kotinsky | Getty Images Target said Monday that it’s stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices as it tries to win back shoppers who have complained…
Workday co-founder Aneel Bhusri at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020, when he was CEO of the company. Bhusri will once again take on the role, with Carl Eschenbach stepping down. Adam Galica | CNBC Workday on Monday announced that CEO Carl Eschenbach is stepping down from his role and…
The AppLovin logo arranged on a laptop in New York on Feb. 26, 2025. Gabby Jones | Bloomberg | Getty Images Short seller CapitalWatch has issued an apology and revised its report accusing a major AppLovin shareholder of financial crimes. The report, published last month, alleged relationships between Hao Tang and criminal syndicates, which the…
A box of Wegovy pills arranged at a pharmacy in Provo, Utah, US, on Thursday, Jan. 15, 2026. George Frey | Bloomberg | Getty Images The Food and Drug Administration said Novo Nordisk‘s TV advertisement for its newly launched Wegovy pill for obesity included “false or misleading” claims about the medicine’s abilities and benefits to…
Amid the flurry of promotions for Trump accounts, families now have another way to opt in to the investing accounts for kids and claim seed money of up to $1,000. Parents or guardians can now start the process to open a Trump Account by filing IRS Form 4547 electronically via TrumpAccounts.gov. They can also…
Monday.com‘s stock plummeted more than 19% on Monday after the project management platform issued weak guidance as it grapples with rising concerns that artificial intelligence is disrupting the software business model. The Israel-based company called for revenue between $338 million and $340 million in the current quarter, short of the $343 million expected by analysts…
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | AFP | Getty Images Meta is back in court, but this time it’s a lone defendant. Opening arguments begin on Monday in a high-profile trial…
The European Commission has told Meta it intends to impose “interim measures” to stop the tech giant from excluding third-party AI assistants from WhatsApp. On Monday, the EU informed the company that its preliminary view was that it had “breached” EU antitrust rules. The investigation is still ongoing, and measures are subject to Meta’s reply…
The logo of pharmaceutical company Novo Nordisk is displayed in front of its offices in Bagsvaerd, Copenhagen, Denmark, February 4, 2026. Tom Little | Reuters Novo Nordisk on Monday said it is suing online telehealth provider Hims & Hers for mass marketing cheaper, unapproved copies of the drugmaker’s new Wegovy obesity pill and injections in…
Big Tech stocks were treading water in premarket trading on Monday, after a bruising week that saw more than $1 trillion wiped from their market caps. As of 6:12 a.m. ET, Oracle was up 1.5% and Microsoft had edged 0.8% higher. Meta was down 0.3% and Amazon was down 0.1%. Alphabet fell 0.6% and Nvidia…
