Tag: Stock
Nestlé fired its scandal-clad CEO without a payout—a ‘really unusual’ move, corporate governance expert says
When Nestlé abruptly ousted its chief executive Laurent Freixe over Labor Day weekend after revelations of a romantic relationship with a direct subordinate, one...
Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%.
The earnings, released...
Nvidia’s growth is strong, but investors aren’t celebrating
The more Nvidia beats Wall Street’s expectations, the harder it seems to satisfy them. The chipmaker reported second-quarter revenue of $46.74 billion, with sales...
‘Weaponization of a sandwich’ — Subway’s footlong is becoming an icon of resistance against Trump’s D.C. police takeover
Subway was thrown—literally—into the spotlight after a D.C. resident and then-Justice Department employee hurled one of the sandwich chain’s footlongs at a federal officer,...
OpenAI may soon be the world’s most valuable private company—but CEO Sam Altman won’t profit much, with no equity and just a $76,001 salary
The AI race is one of the hottest business wars this decade, with the market expected to be worth $4.8 trillion by 2033. And...
Dow futures rise as updates this week from the Fed and top retailers will test Wall Street’s big rally
U.S. stock futures pointed higher on Sunday evening ahead of a critical stretch for markets as investors brace for fresh clues on rate cuts...
OpenAI staffers to sell $6 billion in stock to SoftBank, other investors
Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp....
A 23-year-old CEO convinced his parents to open a custodial account in second grade. He fears meme stocks inflate Gen Z’s dreams of getting rich quick
When Steven Wang was in second grade, he convinced his parents to open a custodial stock account. Now 23 years old, he’s running “dub,”...
AMD CEO won’t offer $100 million salaries to poach talent like Mark Zuckerberg—she says it’s more important staff don’t feel like a ‘cog in the wheel’
“I think competition for talent is fierce. I am a believer, though, that money is important, but frankly, it’s not necessarily the most important...
Computer-driven traders are bullish on stocks, humans are bears
The thing about trading stocks is everyone has an opinion. And right now there’s an unusual divergence in the market that’s as stark as...