CEO Financial News

(Reuters) — Google CEO Sundar Pichai told employees to expect more job cuts at the Alphabet-owned company this year, The Verge reported on Wednesday, citing an internal memo.

₹5,000 crore giant with 15-20% growth potential, needs a clearer regulatory framework to flourish," Tushar Bhandari, Whole Time Director, AABL, opined. Also Read | Alco-bev industry in tight spot over shrinking margins as states keep MRP constant: ISWAI's Nita Kapoor The alcobev industry currently faces a challenge where it pays Goods and Services Tax (GST) on the procurement of raw materials, packing materials, and services.

Political risk in the U.K. is «far less than it's ever been» as the difference between the ruling Conservative Party and main opposition Labour on economic policy is «fairly minimal,» Barclays CEO C.S. Venkatakrishnan said Thursday.

₹1.5 lakh to salaried individuals for investing in income tax saving instruments like the Public Provident Fund (PPF), five-year fixed deposit (FD), ELSS, National Savings Certificate, etc. Both individuals and HUFs are eligible for income tax deductions under Section 80C of the Income Tax Act. Experts believe that there is an urgent need to hike the 80C deduction ceiling.

Google cuts jobs in Google Assistant software, Devices and Services team "These role eliminations are not at the scale of last year's reductions, and will not touch every team," Pichai informed all employees in the memo, The Verge reported. Pichai mentioned, "We have ambitious goals, and will be investing in our big priorities this year." Last week, the search engine giant axed hundreds of its employees working on its Voice Assistant units, hardware teams responsible for Pixel, Nest, and Fitbit, advertising sales team, and augmented reality team. ‘Layoffs suck, but…,’ Google employee who lost his job calls it a ‘blessing’ The cuts struck both rank-and-file employees and executives.

cryptocurrency tokens were trading lower in Thursday's trade amid expectations that the global rate easing cycle may not come as early as some had initially thought. At 11:33 a.m., BTC was trading 0.2% lower at $42,757, while the second most popular token, Ethereum, was down 1.3% at $2,529. At the same time, the global cryptocurrency market cap declined by 0.63% in the last 24 hours to approximately $1.68 trillion. «The overall crypto market is at $1.68 trillion with Bitcoin and Ether witnessing marginal fluctuation from the previous day. If Bitcoin closes above $43,000 this week, then we may witness a healthy surge in its price in the coming weeks,» said Shivam Thakral, CEO of BuyUcoin. Meanwhile, ZebPay Trade Desk said, «This drop in Bitcoin price coincided with US investors turning towards institutional investment products following the approval of spot ETFs. Long liquidations totaling over $27 million occurred within 24 hours on January 17, with Bitcoin long liquidations accounting for the majority, wiping out $19.5 million.»

India Startup Outlook’ report from venture debt firm InnoVen Capital. Of the more than 100 startup founders who participated in the survey, 24% were open to hiring professional CEOs in the next 2-3 years, up from 20% in 2022.

By David Shepardson and Valerie Insinna

Meta Platforms' former chief operating officer Sheryl Sandberg plans to step down from her position on the company's board of directors after her term ends in May, she said in a Facebook post on Wednesday. «Meta business is strong and well-positioned for the future, so this feels like the right time to step away,» Sandberg said in the post, adding that she will serve as an adviser to the company.

Houthi rebels to a list of terrorist groups, as the militants claimed their second attack this week on a U.S. operated vessel in the Red Sea region. Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers — an escalation of the more than three-month-old war between Israel and Palestinian Hamas militants in Gaza.

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Jeh Aerospace has raised $2.75 million in a seed funding round led by San Francisco-based venture capital firm General Catalyst. Pratyush Kumar, former president of Boeing India, and Dwarakanath Srinivasan, former CEO and managing director of Airbus India, also participated in the round.

The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those liv...

(Reuters) — Goodyear Tire & Rubber Co is expected to name Stellantis (NYSE:STLA) executive Mark Stewart as its new CEO following a pressure campaign by activist investor Elliott Investment Management L.P., Bloomberg News reported on Wednesday.

By Nate Raymond and David Shepardson

By Tatiana Bautzer

Fintech Flourish has rolled out a platform that will make it easier for registered investment advisors to provide fee-based annuities for their clients.

Rockefeller Capital Management, which has seen strong net gains of hundreds of financial advisors over the past several years, started 2024 by hiring two teams, one from Merrill Lynch and the other from UBS, which combined had worked with more than $5 billion in client assets at their previous firms.

Automatic enrollment might be the single biggest factor that has boosted 401(k) savings over the past 18 years, and it could soon be used to sign up employees for emergency savings accounts.

JPMorgan CEO Jamie Dimon had some choice words about investing in Bitcoin during his latest media appearance this morning.

Quiver Quantitative — Charles Schwab (NYSE:SCHW), a prominent player in brokerage and banking, faced a challenging year marked by declining profits, assets, and deposits, reflecting the broader impact of the Federal Reserve's interest rate hikes on the financial industry. The firm's net new assets dropped significantly in the fourth quarter, falling 48% to $66.3 billion, while net income almost halved. Furthermore, a notable decline in bank deposits and total retail brokerage accounts falling short of analyst expectations added to the firm's woes. These setbacks initially led to a sharp drop in Schwab's share prices, though they slightly recovered later in the trading day.