CEO Financial News

Nicolas Maduro of committing a “major election fraud,” and labeling him a “dictator”, billionaire businessman Elon Musk has accepted his challenge to fight him on X. He also predicted that the Latin American leader will “chicken out” of the fight. Earlier, the reelected president of the oil-rich country said that the social media creates a virtual reality. He called the Tesla CEO his «new archenemy» and challenged him to fight him on television. Maduro said, “Do you want to fight? Let’s do it. Elon Musk, I’m ready. I’m not afraid of you, Elon Musk. Let’s fight, wherever you want.”

David Gentile, founder and CEO of GPB Capital Holdings, and Jeffry Schneider, broker-deal chief, were founder guilty on all fraud counts they faced on Thursday morning in a seven-week trial in federal court in downtown Brooklyn.

Meredith Whitney Advisory Group Founder and CEO Meredith Whitney says home prices have gone up over 30% on The Claman Countdown.

She has served as a non-executive director for nine years and as chair of Impax since December 2020. Non-executive director and chair of the company's remuneration committee Lindsay Brace Martinez is also stepping down, effective from today (1 August), having also served a nine-year stint in her role. Impax AM buys SKY Harbor's European high yield funds to bolster fixed income unit Simon O'Regan will succeed Bridgeland as chair with immediate effect. He became a non-executive director in 2020 and was previously senior independent director. O'Regan was previously CEO of Mercer in...

₹2.10 lakh to ₹2.20 lakh (ex-showroom), depending on the colour options.In addition to the new colours, the motorcycle features smaller rails around the tank, contributing to weight reduction. A new sticker with ‘ESTD 69’ commemorates Yezdi’s founding year. Furthermore, a new sump guard has been added for enhanced engine protection.On the mechanical front, Yezdi has made several improvements to reduce noise, vibration, and harshness (NVH) levels, enhancing the engine’s refinement.

The founder and former CEO of a startup social media platform has been accused of misleading investors and defrauding them to the tune of $170 million.

Polymarket CEO Shayne Coplan has hinted at the potential introduction of commission fees to boost the company’s revenue.

It was 1997 when Captrust launched as an independent registered investment advisor. Just over a quarter of a century later and it has surpassed a major milestone of $1 trillion in assets under management as of June 30, 2024.

Mint spoke with experts to address some key questions. The Nifty 50's journey from birth to a behemoth that represents the Indian economy is a story of acceleration. While it took 17 years to gain the first 5,000 points, the index has since transformed from a marathon runner into a sprinter.

Retail investors who were looking forward to investing in Bill Ackman’s proposed US closed-end fund have been disappointed as the founder and CEO of Pershing Square withdraws from his planned IPO.

Jay Timmons, president and CEO of the National Association of Manufacturers, talks about what the industry needs from the next administration to keep growing and to maintain global dominance.

Huffman highlighted the importance of these deals for maintaining control over Reddit’s data and ensuring its responsible use. Without such agreements, Reddit cannot oversee how its data is presented or utilized, risking potential misuse."Without these agreements, we don’t have any say or knowledge of how our data is displayed and what it’s used for, which has put us in a position now of blocking folks who haven’t been willing to come to terms with how we’d like our data to be used or not used," Huffman said in an interview with The Verge.According to the publication, Microsoft, Anthropic, and Perplexity are among the companies that have resisted negotiating, leading to what Huffman describes as "a real pain" in blocking their access.

Debadatta Chand, CEO & MD, Bank of Baroda, says the bank’s guidance on the NIM has been 3.15% plus-minus 5 bps. And the good part of this quarter, the June quarter results is that we maintain the NIM vis-a-vis the last year. The last full year NIM was 3.18 and if you look at the June quarter, it is 3.18. So, while there is cost pressure at the industry level, we have managed NIM positively. You have mentioned this 12-14% credit growth guidance for FY25. Considering the growth that you have witnessed this quarter, what is giving you the confidence that we will see a pickup? Debadatta Chand: In the current quarter also we slightly calibrated the advance growth based on the deposit growth. And if you look at the segment of the advances, like the retail is growing more than 20%, the agri and MSME is slightly less than 10%, the corporate was at 2.9%. But within the corporate segment also, the co-corporate which is non-institutional, the growth is 12%. Currently the pipeline is very strong for July onwards and there is a strong pipeline because we wanted to calibrate the corporate advance in line with the deposit which is again possibly better this quarter. Now we have good control over deposit costs. So, I think the guidance of 12-14% that we are giving is quite achievable. The budget is also supportive in terms of MSME growth and in that scenario and earlier also, we have demonstrated that we are growing higher than 12-13%. So that is achievable.

Matt Hougan, the chief investment officer of Bitwise, has said the recent commitments made by US politicians have made him reconsider his perspective on Bitcoin’s potential.

Clix Capital has raised Rs 220 crore in fresh equity capital. This investment round was led by existing investors — Apollo Global Management, Pramod Bhasin and Anil Chawla.

Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more chips in smartphones that are getting AI upgrades.

Some of Europe’s main broadcasters and top soccer leagues have sent a letter to the CEO of social media platform X, Linda Yaccarino, demanding more action against the distribution of illegal content

Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown this month

Boeing has a new chief executive

The former head of a north Florida public utility was sentenced to four years in prison for a scheme to privatize the authority which prosecutors said would have enriched himself and his associates by tens of millions of dollars at the expense of taxpa...

RIA aggregator Focus Financial appears set for a new chapter in its development as it elevates a key contributor to its intra-network consolidation strategy to C-suite status.