CEO Financial News

Applied Digital announced on March 15 that it had concluded the sale of its 200-megawatt (MW) Bitcoin mining facility to Marathon Digital Holdings for $87.3 million.

(Reuters) — Rental car firm Hertz said on Friday it has appointed Gil West as its chief executive officer, effective April 1.

Sam Bankman-Fried, former CEO of failed crypto exchange FTX, should get as much as 40 to 50 years in prison due to the «brazen disrespect» he showed for the law in his crimes, prosecutors said in a court filing Friday.Bankman-Fried's lawyers had previously recommended a sentencing of less than seven years.

Nvidia (NASDAQ:NVDA) is set to capture the spotlight next week as it launches its first in-person GPU Technology Conference in five years, featuring a keynote address by CEO Jensen Huang on Monday, March 18th.

Signals that Ottawa wants more domestic investment from Canadian public pension funds are being amplified by some members of the business community who argue there’s more these large pools of capital can do to boost Canada’s economy.

UBS Group’s more diversified wealth management exposure and business mix makes it more attractive than US peer Morgan Stanley, according to analysts at JPMorgan Chase & Co. 

Take heed, advisors. The gold bugs are starting to come out.

(This March 14 story has been refiled to fix a spelling error in the CEO's last name throughout the story)

(Reuters) -Freddie Mac said on Friday it has appointed Michael Hutchins as interim CEO, while the federal government-backed home mortgage company continues to search for a permanent chief.

luxury fashion house Bulgari saw its best-ever sales performance in India in 2023 and this year looks even better with robust demand for its jewellery products, Jean-Christophe Babin, CEO, told ET in an interview. Babin said the opening of the Jio World Plaza, a luxury mall in Mumbai, has delivered “very good” results for Bulgari, which rolled out India-inspired creations such as the Mangalsutra and the B.zero1 Kada bracelet. “While Indians love our Serpenti watch, we have thought of creating jewellery that resonates better with Indian hearts. Indians are deeply rooted in their tradition and culture,” Babin said.

Muthoot Microfin on Friday announced foray in Telangana and will inaugurate four branches in the state during March in the first phase of expansion. These branches will serve locations including Bhuvanagiri, Jangaon, Hanmakonda and Parakala, enhancing accessibility to financial services, the company said in a release. Subsequently, Muthoot Microfin plans to further establish branches in Andhra Pradesh by June 2024, reinforcing its commitment to advancing financial inclusion in the two states. «In line with our growth strategy of increasing our distribution network and acquiring new customers, we will further expand our operations in Telangana. Soon, we will be entering Andhra Pradesh as well,» said Sadaf Sayeed, CEO, Muthoot Microfin.

Treasury Secretary Janet Yellen discusses inflation risks, taxes and credit card debt in an exclusive interview with FOX Business.

Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company's creative suite, including Photoshop, and disappointed investors hoping for a boost from AI integration. The company expects about $440 million in net new annual recurring revenue for the digital media segment, which houses its cloud products for documents and creative applications. Last year, the unit had reported $470 million.

Byju's $1.2 billion term loan said on Friday that judge John T Dorsey of the United States Bankruptcy Court for the District of Delaware has issued an order prohibiting the edtech firm from transferring or using any of the $533 million in loan proceeds previously held by Camshaft Capital Fund, LP and subsequently transferred to an unnamed, unknown offshore trust. The court, according to the lender statement, also found that company founders Byju Raveendran and Divya Gokulnath are working in concert with Byju's Alpha and ordered them to comply with its ruling.

Satoshi Nakamoto: The enigmatic creator of Bitcoin, Satoshi Nakamoto, remains a mystery to this day. Nakamoto's invention of Bitcoin and the underlying blockchain technology laid the groundwork for the entire cryptocurrency ecosystem. While Nakamoto's true identity remains unknown, their vision for a decentralized digital currency has had a profound impact on the world.

Zee Entertainment Enterprises Ltd on Friday said its president and group chief technology officer Nitin Mittal has quit the company after a three-year stint. This announcement comes amid strategic changes in the technology and data vertical, implemented by managing director and CEO Punit Goenka.

Intelliswift Software Inc., a renowned global leader in IT services, is pleased to announce a significant leadership transition aimed at fostering continued growth and innovation. Specializing in delivering Digital Product Engineering, Data Management & Analytics, AI, Cloud, Digital Enterprise, and MSP/VMS staffing solutions, the company is poised for an exciting phase of growth. With immediate effect, Surej KP assumes the pivotal role of Chief Executive Officer (CEO), bringing a wealth of experience and visionary approach to steer the company into its next phase of success, emphasizing a robust growth trajectory.

Sackfield will remain with the firm, shifting his focus to managing his client portfolio and developing the firm's presence in Manchester. He joined Charles Stanley in April 2020 after 12 years at Brown Shipley, where he served as CEO for a decade and client director after that. Senior portfolio manager Peter Sleep leaves 7IM «After 25 years sitting on boards and EXCOs, I have decided that is long enough. I am stepping down as managing director of Charles Stanley Investment Management. I will now focus on advising a small number of clients and may have a bit more time to play some ...

As part of her promotion, she will join MFS' management committee and will succeed current CIO Ted Maloney. Also from January 2025, Maloney will take on the role of CEO, succeeding current CEO and chair Michael Roberge, who in turn will become executive chair. MFS Investment Management promotes CIO to CEO role O'Neill has over 20 years' experience and has been at MFS since 2005, when she joined as an equity research analyst. She was then promoted to director of research for North America in 2016, and has been in her current role since 2020. «Like Ted's transition to CEO, Alison'...

CoinDesk data shows. The price of bitcoin even dropped to as low as $67,000 before recovering in the later part of the day. Some cryptocurrency experts believe that this was expected on account of profit booking that usually follows a bull run, while there is another view that argues that the crypto price drop may be linked to the release of Producer Price Index (PPI) by US Federal Reserve.

'Mansion Global' host Katrina Campins has the latest on the real estate market on 'The Bottom Line.'