A new contender has emerged in the ongoing saga over who will take control of Paramount Global. And in true “Succession” fashion, the latest entrant is a familiar face chasing his white whale that got away. Barry Diller, the billionaire media giant who once was CEO and chairman of Paramount Pictures during the film studio’s […]
Car manufacturers like General Motors (GM) and Ford (F) have scaled back their electric vehicle production plans amid weaker demand. Sila co-founder and CEO Gene Berdichevsky joins Asking for a Trend to discuss the state of the EV market and how Sila fits in. Sila is a battery manufacturer that seeks to improve the safety, […]
There are five members of the Hartz household: Julia and her husband Kevin, their two daughters and their $483 million company—Eventbrite. The couple launched the business in 2006 alongside their third co-founder—Renaud Visage—with Kevin initially taking on the title of CEO. In 2016 Julia took the reins, just in time to take the company public […]
SAO PAULO (AP) — Brazil-Retail-Fraud The former CEO of Brazilian retail giant Americanas, Miguel Gutierrez, was arrested Friday in Madrid, accused of participating in a 25 billion reais ($4.5 billion) fraud scheme. Brazil’s Federal Police added his name to Interpol’s red notice list after determining the company falsified financial results to inflate cash flow and […]
SAO PAULO (AP) — Brazil-Retail-Fraud The former CEO of Brazilian retail giant Americanas, Miguel Gutierrez, was arrested Friday in Madrid, accused of participating in a 25 billion reais ($4.5 billion) fraud scheme. Brazil’s Federal Police added his name to Interpol’s red notice list after determining the company falsified financial results to inflate cash flow and […]
Walgreens’ (WBA) quarterly results are the latest sign that US consumers are increasingly under pressure. Shares of Walgreens Boots Alliance tanked 24% on Thursday after the retail pharmacy chain lowered its full-year guidance due to challenging pharmacy industry trends and a “worse-than-expected” consumer environment, with management citing “a sustained pullback” in discretionary spending. “In US […]
In today’s video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of June 26, 2024. The video was published on June 26, 2024. Should you invest $1,000 in […]
Former Aer Lingus chief executive Willie Walsh, who is now head of the International Air Transport Association, has said that the current dispute with pilots is going to have significant reputational damage for the airline and that the future does not look promising for Aer Lingus. Speaking on RTÉ radio’s Morning Ireland, Mr Walsh, who […]
Costco Wholesale’s deals on hot dogs, gasoline, and thousands of bulk items may seem like the best the chain has to offer, but according to the company’s CEO, one item sold trumps everything else inside the big box in terms of value. “The most important item we sell is the membership card,” Costco CEO Ron […]
Rapid advances in AI may concentrate power and wealth among a small elite. Anthropic CEO Dario Amodei says a universal basic income may not sufficiently address the shift. He says there needs to be a broader economic reorganization. The rapid advances in AI could consolidate power and wealth in the hands of a small few, […]
STORY: Nvidia has signed a deal to deploy its artificial intelligence technology at data centers owned by Qatari telecoms group Ooredoo in five Middle Eastern countries. That’s according to Ooredoo’s CEO Aziz Aluthman Fakhroo, who spoke to Reuters. “Ooredoo is very proud to sign that agreement with Nvidia, putting Ooredoo at the forefront in the […]
Fast food is no longer cheap, and fast-casual chains are benefiting from it. Rick Cardenas, CEO of Darden Restaurants—which owns Olive Garden, Longhorn Steakhouse, Bahama Breeze, and Ruth’s Chris Steak House—said during the company’s Thursday earnings call that consumers are seeing “a little bit of a shift” from fast food to its sit-down competitors due […]