CEO Financial News

Orion, the leading wealth tech provider for fiduciary advisors, is rolling out new offerings designed to give advisors greater flexibility in managing their business.

Guillermo Söhnlein, the co-founder and former CEO of US based OceanGate, plans to lead an expedition to Dean's Blue Hole in the Bahamas, a site known for its extreme depth and often referred to as the 'portal to hell.' Söhnlein, who left OceanGate to start Blue Marble Exploration, will be joined by scientist Kenny Broad and former NASA astronaut Scott Parazynski. The team aims to explore this virtually untouched underwater cavern despite its complex challenges. Dean’s Blue Hole in the Bahamas is described as having a unique «vase» shape with a narrow surface opening that leads to a much wider chamber below. This characteristic, along with the sinkhole's extreme depth, presents significant hurdles, including unexpected currents and thermal layers which could complicate underwater operations. “To date, Dean’s Blue Hole has been virtually unexplored,” the company stated on its website. “Venturing into uncharted waters, our team will have to ‘expect the unexpected.’” At 664 feet deep, Dean’s Blue Hole is one of the world’s deepest ocean sinkholes and was formed approximately 15,000 years ago. Little is known about the site due to its depth, a factor that heightens both interest and risk for Söhnlein's team. Handling the intense pressure at the sinkhole's floor, estimated at almost 300 pounds per square inch—about 20 times the pressure found at the surface—poses a critical challenge. Additionally, the majority of the sinkhole remains in complete darkness due to its narrow opening.

Laffer Tengler Investments CEO and CIO Nancy Tengler explains why she's recommending investing in equities over bonds for the long term.

shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka. The company on Thursday projected a mid-single-digit percentage fall in fiscal 2025 revenue, compared to analysts' estimates of a near 1% rise, dragging shares of rivals and sportswear retailers across Europe, UK and U.S. on Friday.

Plenty of happy couples can trace their meet-cute moment to an online dating app

National Insurance Awareness Day, observed every year on June 28, reminds us of the importance of insurance. In this world full of uncertainties, a life insurance policy plays a crucial role for you in protecting your loved ones financially in case any untoward events occur during the policy period. In such an event, the insurance company pays the assured sum to your nominee, helping the impacted family manage tough times without financial stress.

4Thoughts Finance, a family office firm based in Bengaluru, has unveiled its ambitious plans to double its portfolio size of Rs 500 crore to Rs 1000 crore in the near future, marking a significant milestone in its growth trajectory. With an unwavering commitment to excellence and client satisfaction, 4 Thoughts Finance is poised to usher in a new era of prosperity for its clientele.

Shriram Asset Management Company (Shriram AMC) announced the launch of its growth liquid fund – Shriram Nifty 1D Rate Liquid ETF (Growth), an open-ended Exchange Traded Fund, tracking the Nifty 1D Rate Index.

Crypto donations have emerged as a prominent trend in the 2024 presidential election campaign.

The newly announced UCITS ETF will focus on healthcare and will be launched using HANetf's full-service white-label platform. As of 31 March, Harbor Capital had $56.8bn in assets under management. Speaking about the decision to partner with HANetf, Charlie McCain, CEO of Harbor Capital, said the Europe is the second largest regional ETF market in the world, with 16% of global ETF AUM. HANetf and EMQQ upgrade Emerging Markets Internet ETF to Article 8 «Working with HANetf provides us with a simple solution to bring our investment capabilities and brand into the European market – ...

Section 80D of the Income-tax Act of 1961 allows for the deduction of certain medical expenses and premiums for health insurance policies from your taxes. The limit under section 80D has remained unchanged for the past several years. Taxpayers who have opted for the old tax regime are hoping for an increase in the limit under section 80D in the upcoming Budget scheduled for July 2024, considering the significant rise in healthcare costs. Documents required for ITR filing: 10 documents you need to file income tax return «India faces a severe issue with inadequate insurance. When a family's primary earner passes away, the money left for the survivors to live and settle debts is usually less than nine percent of what's actually needed. Changing tax sections 80C and 80D to provide separate tax breaks for the life-threatening risk part of term life plans could help close the gap in death risk coverage and enhance social security,» said Satishwar B., MD and CEO, Bandhan Life.

HANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of Chinese smartphone company Honor, George Zhao, told CNBC in an exclusive interview on Thursday.

Instagram account.

Chewy shares rallied dramatically on Thursday after meme stock leader Roaring Kitty posted a picture on social media platform X that resembles the logo of the online pet food retailer, but the gains were quickly erased later in the session.

Walgreens has shared a rather disturbing announcement, claiming that due to many of their US stores currently struggling, they have taken a call to close down some of them. According to ABC News, one out of four Walgreens stores in the US are underperforming amid stiff contest from competing retail chains like Target.

Center for Investigative Reporting said Thursday it has sued ChatGPT maker OpenAI and its closest business partner, Microsoft, marking a new front in the legal battle between news publications fighting against unauthorized use of their content on artificial intelligence platforms. The nonprofit, which produces Mother Jones and Reveal, said that OpenAI used its content without permission and without offering compensation, violating copyrights on the organization's journalism. The lawsuit, filed in a New York federal court, focuses on how AI-generated summaries of articles threaten publishers — a move CIR called exploitative. «It's immensely dangerous,» Monika Bauerlein, the nonprofit's CEO, told AP. «Our existence relies on users finding our work valuable and deciding to support it.»

Another news organization is suing ChatGPT maker OpenAI and its business partner Microsoft for alleged copyright infringement

Former Federal Reserve Bank of St. Louis President and CEO James Bullard looks ahead to the next rate decision, unpacks jobs data and reacts to Yellens housing development.

Walgreens is finalizing a plan to fix its business that could result in the closure of hundreds of additional stores in the next three years

India, 27 June, 2024: The Convergence Foundation, in collaboration with Rohini Nilekani Philanthropies, Centre for Exponential Change, and India Impact Sherpas (knowledge partner), hosted a landmark conference on ‘Creating Systemic Impact’, bringing together development practitioners, thought leaders, and philanthropists to focus on the practices and enablers of systems change.Organisations that adopt the systems change approach—System Support Organisations (SSOs)—work closely with governments at both the central and state levels to create large-scale impact by addressing the root causes of problems rather than applying quick fixes or band-aid solutions. In the keynote address by Rohini Nilekani, Chairperson of Rohini Nilekani Philanthropies, she emphasised, “This decade is one of the most critical decades in human history, demanding inclusive and exponential social change.

₹750,000 on income under the new tax regime, which is adding to the bullish sentiment," said A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC .