CEO Financial News

The head of one of Canada’s largest grocery chains says he’s seeing the early signs of consumer behaviour normalizing after years of trading down and cutting back in the cost of living crunch.

Boeing is waiting to find out whether 33,000 aircraft assembly workers are going on strike and shutting down production of the company’s best-selling planes

Norfolk Southern said Thursday that its new CEO’s salary will jump to $1 million now that Mark George has been promoted from chief financial officer, and he will be eligible for a $2.25 million bonus and significant stock awards for performance

Brilliant Detroit, the early childhood education nonprofit that supports children in underserved communities “from belly to 8,” plans to expand its unique neighborhood-based holistic model beyond The Motor City

Key Advisors Wealth Management co-founder and CEO Eddie Ghabour looks ahead to the Federal Reserve’s highly anticipated rate decision on ‘Varney & Co.’

Campbell is ready to drop the soup — at least from its official name

General Motors and Hyundai will explore a potential collaboration to develop vehicles, improve supply chains and advance clean-energy technology

Vermont U.S. Sen. Bernie Sanders has said he is prepared to pursue contempt charges against Steward Health Care CEO Ralph de la Torre if he fails to show up at a hearing Thursday despite being issued a subpoena

Norfolk Southern says it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate

Stellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

IT services firm Xoriant, backed by Indian private equity firm ChrysCapital, has announced the acquisition of Jaipur-based Fexle, its third, to strengthen Xoriant’s capability of delivering artificial intelligence (AI)-powered front-end digital engineering platforms. The financial details of the transaction remained undisclosed. “Established in 2013, Fexle has developed robust expertise in sales, marketing, and service cloud, with significant capabilities in data cloud, CPQ, Pardot, and Heroku, and is a key contributor to the Salesforce AppExchange. The company provides consulting, implementation, and managed services to prominent clients across the US and other global markets,” Xoriant said in a statement.

Boeing's U.S. West Coast factory workers will vote on a much-criticized new contract and a possible strike on Thursday, piling pressure on the planemaker as it wrestles with chronic production delays and mounting debt. A potential strike starting on Friday would be a big early blow to new CEO Kelly Ortberg, who was brought on last month to restore faith in the planemaker after a door panel blew off a near-new 737 MAX jet in mid-air in January. Starting from 5 a.m. PT (1200 GMT), roughly 30,000 workers who produce Boeing's 737 MAX, 767 and 777 jets in the Seattle and Portland areas will vote on their first full contract in 16 years.

According to its annual report for 2024 published today (12 September), the firm noted market volatility and higher interest rates among the challenges faced over the year to 30 June 2024, which pushed clients to withdraw funds to repay debt or to hold higher cash balances. Andrew Shepherd, outgoing CEO of Brooks Macdonald, noted that net outflows came largely from the firm's bespoke and funds products, while their model portfolio service raked in £388m, «reflecting the trend for MPS as a solution of choice for accumulation». Nevertheless, the firm cashed in £1.8bn in investment perfo...

Bharti Airtel has partnered with Italy’s international service provider Sparkle to access capacity on Blue-Raman Submarine Cable Systems connecting India and Italy. The two companies will also work together on the development of new business opportunities and projects in the Indian sub-continent, leveraging their respective cable infrastructures, Airtel said in a statement on Thursday. “We are happy to partner with Sparkle as we further consolidate our leadership in global connectivity,” Vani Venkatesh, CEO -Global Business, Airtel Business said. “This partnership will further diversify our network with large integrated capacities to meet the ever-growing connectivity needs and data demand of our customers”.

In his response, Musk tweeted, «Fine Taylor … you win … I will give you a child and guard your cats with my life.» This remark was made in reaction to Swift’s endorsement of Harris, which she shared following a debate between Harris and Donald Trump. Swift’s post highlighted her support for Harris’s leadership and was aimed at contrasting Harris's steadiness with the chaos she associated with Trump. Musk’s comment was met with immediate backlash. Critics on X labeled his statement as creepy and inappropriate, with some even labeling it as sexual harassment. Claudia Conway, daughter of former Trump aide Kellyanne Conway, was among those who condemned Musk, stating simply, “You’re creepy. Full stop.” Armand Domalewski, a pro-Democratic data scientist, described the comment as “skin-crawlingly creepy” and criticized Musk for making such an overtly intrusive statement.

Jones will take on the role effective 1 November, joining from Phoenix Group Holdings where she was group finance director. Andrea Montague, who is taking over as CEO from Andrew Shepherd next month, said the company was «redefining our strategy» in a bid to increase growth, with a «renewed focus» on client services and «broadening and deepening our client reach». Brooks Macdonald names Andrea Montague as next CEO She said Jones' appointment was a key part of this pivot, stating «this appointment will strengthen my leadership team so we can continue to drive performance and execute...

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Boeing is preparing to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes. Members of the International Association of Machinists and Aerospace Workers plan to vote on whether to approve a contract offer that includes 25% pay raises over four years. If the factory workers reject the contract and two-thirds of them vote to strike, a work stoppage would begin Friday at 12:01 a.m. PDT. A walkout would not cause flight cancellations or directly affect airline passengers, but it would be another blow to Boeing's reputation and finances in a year marked by problems in its airplane, defense and space operations.

Dutch challenger bank Bunq told CNBC that it plans to grow its global headcount by 70% this year to over 700 employees, even as other financial technology startups have decided to cut jobs.