CEO Financial News

(Reuters) — Hasbro (NASDAQ:HAS) cut its annual revenue forecast for the second time this year, joining rival Mattel (NASDAQ:MAT) to warn of choppy toy sales in the holiday quarter, sending its shares down 10% before the bell on Thursday.

Sam Bankman-Fried’s testimony in a New York courtroom Thursday will be the latest must-see moment in the high-profile fraud trial over the collapse of his FTX crypto exchange.

Morgan Stanley has made its decision on who should succeed the man who helped the firm recover from the turmoil of the financial crisis and grow into wealth management titan.

UrbanMatrix Technologies on Thursday said it has raised Rs 6 crore from investors to fund expansion. «The funds will be allocated towards product development, team expansion and expanding into new markets,» the company said in a statement. The company said it has raised Rs 6 crore in a Pre-series A funding round led by Inflection Point Ventures.

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Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, is set to testify in court today.

cryptocurrency market cap surged 0.77% to around $1.27 trillion in the last 24 hours. Bitcoin was up 1.47% at $34,626 as of 12:30 p.m., while its largest peer, Ethereum, surged 1.4% to above the $1,800 level. The consistent gains registered by BTC have overshadowed the price action of ETH and other major altcoins.

Big four consulting firm KPMG has cut another 100 staff after making 200 redundant in February, rival Deloitte has cut dozens, and 78 staff at PwC face an uncertain future after their planned move to spin-off Scyne was scrapped.

consumer affairs ministry has expressed concerns regarding unfair trade practices adopted by airlines and online travel aggregators. As per a TOI report, these practices include misleading claims such as showing every seat as 'paid' despite offering a «free mandatory web check-in», denying boarding to passengers with confirmed tickets, and delayed refunds.

Meta on Thursday said that its revenue from Click-to-Message ads in India has doubled year-over-year (YoY) as it continues to push WhatsApp business messaging in its largest market. CEO Mark Zuckerberg reiterated that business messaging continues to grow and will be the next major pillar of the social media giant’s business.

Construction of Hyundai's first U.S. plant dedicated to making electric vehicles is moving quickly

Bud Light is set to return as the official beer of the UFC in the U.S. next year as the brand tries to recover from a conservative backlash to a promotion with a transgender influencer

Livestock and poultry producers will need to comply with more specific standards if they want to label their products as organic under final rules announced by the U.S. Department of Agriculture

Tech Mahindra shares plunged nearly 4% on Thursday to hit the day's low of Rs 1,098.15 on the NSE after a clutch of brokerages retained their adverse ratings on the stock and slashed their targets following the September quarter earnings posted by the company on Wednesday. Among foreign brokerages, Jefferies maintained an underperform view. In the domestic pack, Kotak Institutional Equities and Nuvama recommended a reduce stance on the counter while Motilal Oswal suggested a Neutral call.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “we are in for a correction and volatility in the broader market, but it is not because investors are turning risk averse. It is because FIIs are selling largecaps. Mutual funds, in order to buy those largecaps, need to sell mid and smallcaps. It is not necessarily a reversal of risk attitude as much as the opportunity to get good quality, large companies at much reasonable prices. So it is just a reallocation. For a long-term investor, in fact the on-going correction could be a good time to accumulate.” Crude prices have eased off a bit at the start of the week. How do you see this correlation between crude prices and the kind of consolidation that we are seeing on the Nifty play out from here? The spot crude prices may ease up based on local announcements but if you look at the forward crude expectations, they remain in a firm stage both because it is winter setting into the US and in Europe, when the energy heating demand for homes goes up. The Israel-Hamas conflict is adding to the statement by OPEC that there will be at least a three and a half million barrel shortfall for Q4. So in the short term, because of China's slowdown, there may be movement in the spot crude, but otherwise I expect a firm crude trend.

What is probably the best part of the year is on us – the festive season; Navratri, Dussehra, which will be closely followed by Deepavali, Christmas and New Year. Unarguably the part of the year when people are the happiest… and spend, and spend and spend.

Tech Mahindra reported a weak set of results yet again. Shares of the IT major fell almost 5 percent on Thursday after it reported a sharp fall in its net profit in the September quarter (Q2FY24). It also failed to meet street expectations on both profit and revenue.

(Reuters) -Stellantis NV on Thursday announced a 1.5 billion euro ($1.6 billion) deal to acquire a 20% stake in China's Leapmotor (HK:9863) Technology in a move that gives the European automaker a vital foothold in the world's largest auto market.

By Tatiana Bautzer

APA Group chairman Michael Fraser wants “realistic” energy policies to avoid blackouts and higher prices for consumers, warning of “political and economic upheaval” if climate targets are too ambitious.

Members of accounting body Chartered Accountants ANZ have voted to increase the maximum fine payable for bad behaviour by member firms to $250,000 from $50,000 as part of disciplinary reforms to rebuild public confidence in the sector.