CEO Financial News

Boeing 737 Max 9 jetliners, which have been grounded since a side panel blew out of a plane in midflight earlier this month. The head of the Federal Aviation Administration said Wednesday that his agency's review of the scary incident on board an Alaska Airlines Boeing jet gave him confidence to clear a path for the planes to fly again. The official, Mike Whitaker, said the FAA would not agree to any Boeing request to expand production of Max planes until the agency is satisfied that quality-control concerns have been addressed.

Tesla CEO Elon Musk said on Wednesday Chinese automakers will «demolish» global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide. Musk's comments come after Warren Buffett-backed BYD — with its cheaper models and a more varied lineup -overtook Tesla as the world's top-selling EV company last quarter, despite Tesla's deep price cuts through 2023. Chinese car companies were the «most competitive» and «will have significant success outside of China, depending on what kind of tariffs or trade barriers are established,» Musk said on a post-earnings call with analysts on Wednesday. «If there are no trade barriers established, they will pretty much demolish most other car companies in the world,» he said.

Cathie Wood – CEO of tech-focused investment manager ARK Invest – says her conviction in Bitcoin (BTC) remains unshaken despite the asset’s recent “sell the news” market wipeout.

Newme, on Wednesday told ET that it has raised $5.4 million (Rs 45 crore) in a seed funding round led by Fireside Ventures. The Bengaluru-based startup, which currently sells its own brand of clothing across both online and offline outlets was founded in 2022. It had in the past raised an undisclosed round of funding from investors such as Aum Ventures, 2am VC and All In Capital, all of whom have participated in the current round.

(Reuters) -ServiceNow raised its forecast on annual subscription revenue on Wednesday, as the software firm expects to attract new clients for its generative artificial intelligence (AI) products.

A Boeing 757 jet operated by Delta Air Lines lost a nose wheel while preparing for takeoff from Atlanta

Congress is getting involved in examining safety at Boeing after a panel blew off a Boeing 737 Max 9 jetliner in midflight

When Bernard Arnault presents LVMH’s annual earnings on Thursday, investors and analysts will be hanging on to his every word as they try to decipher the direction of top-end demand. Yet, LVMH is being penalized by shareholders for its disparate collection of businesses. Breaking up the behemoth could release significant value for investors.

Crypto lender Abra has reached a tentative settlement with the Texas State Securities Board. According to a document published January 22nd, Abra has agreed to reimburse the assets invested by the state’s residents. The document highlights that Abra has begun winding down its U.S. retail operations. Clients holding balances exceeding $10 will receive notifications, allowing them seven days to withdraw their assets. Unclaimed funds will be converted to fiat currency and distributed to remaining investors in Texas.

J.M. Smucker CEO Mark Smucker tells ‘The Claman Countdown’ that they are passing on the cost savings to their customers.

Tesla (NASDAQ:TSLA) has informed its suppliers of plans to commence production of a new mass-market electric vehicle, codenamed «Redwood,» by mid-2025, as reported by Reuters on Wednesday, citing four individuals familiar with the matter, with two sources describing the model as a compact crossover.

Bank of America is cutting jobs.Headhunters told us yesterday that cuts were coming at the bank, and both Financial News and Reuters are reporting today that people have gone. The cuts are being made on the cusp ofbonus announcements, which are due this Friday. 

Bank of America CEO and Chairman Brian Moynihan discusses the Feds rate hikes, 2024 consumer strength and big bank regulation.

Budget Expectations 2024: Ahead of the upcoming interim budget for the fiscal year 2024-25, Bipin Preet Singh, founder and CEO of MobiKwik Systems, laid out his asks, including investments focused on synergy of AI with fintech, exclusive licences, green finance and more, while speaking with Livemint in an exclusive interview. MobiKwik made headlines after it filed a draft red herring prospectus (DRHP) with the capital market regulator, the Securities and Exchange Board of India (SEBI), for an initial public offering (IPO) for the second time earlier this month. A: Currently, English is the only language that all fintech is using, and India is a diverse country.

Budget 2024: Finance Minister Nirmala Sitharaman introduced a new tax regime in the Union Budget 2020-21. However, it comes with certain conditions. The government is trying to make the new tax regime attractive for income taxpayers. From 1 April, 2023, the new income tax regime has been made the default tax regime. However, the citizens have the option to avail the benefits of the old tax regime.

The recent investment marks the third investment from Nisus Finance’s real estate special opportunities fund-1 (RESO-1), managed by Nisus BCD Advisors LLP, with a corpus of Rs 700 crore. “The recent investment aligns with our strategy for the RESO-1 Fund, aiming to generate significant alpha through a strongly risk-mitigated structure with high asset and cash flow cover. The fund infusion will help to expedite the project,” said Amit Goenka, MD & CEO of Nisus Finance. The recent investment marks the third investment from Nisus Finance’s real estate special opportunities fund-1 (RESO-1), managed by Nisus BCD Advisors LLP, with a corpus of Rs 700 crore. The Project is located at Bellandur, a key micro market of Bengaluru with prominent tech parks and excellent connectivity.

Exide Industries Ltd on Wednesday reported 2.3 per cent increase in consolidated profit after tax at Rs 202.69 crore for the third quarter ended December 31, 2023. The company had posted a consolidated profit after tax (PAT) of Rs 198.14 crore in the same quarter last fiscal, Exide Industries said in a regulatory filing.

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday.

By Toby Sterling

The children’s clothing brand Kyte Baby has been at the centre of a growing controversy after the company denied a parental leave request for a mother whose adopted newborn was receiving treatment in the neonatal intensive care unit (NICU).

ASML, which supplies chipmaking machines to the semiconductor industry, reported Wednesday a rise in annual net profit despite a high-tech trade spat between China and the West. Net profits came in at 7.8 billion euros ($8.5 billion) for 2023, the firm said in its annual results statement, compared to 5.6 billion euros the previous year.