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Alphabet, Citigroup, Target: Stocks That Defined the Week

alphabet,-citigroup,-target:-stocks-that-defined-the-week

Alphabet Inc.

Google pledges no longer to track everything you do online. Its parent company Alphabet said Wednesday that it plans to stop selling ads based on individuals’ browsing across multiple websites. The decision, coming from the world’s biggest digital-advertising company, could help push the industry away from the use of such individualized tracking, which has come under increasing criticism from privacy advocates and faces scrutiny from regulators. Alphabet shares fell 2.4% Wednesday.

Citigroup Inc.

The first woman to run a major U.S. bank took the helm Monday. The task facing Citigroup Chief Executive Jane Fraser is to reinvigorate the $2.3 trillion megabank as it struggles to keep up with rivals and deal with new questions about the bank’s complexity. Ms. Fraser has launched a “refresh” she hopes can simplify the bank inside and out while responding to regulatory issues. The banking industry, long dominated by men, made strides in recent years in elevating women, giving them jobs that place them on the executive track. Citigroup shares rose 5.6% Monday.

Kohl’s Corp.

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