CEO Financial News

(Reuters) -Rolls-Royce Holdings is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday.

Investing.com — Stocks surged on Monday as investors turned their attention to a wave of earnings reports from big banks, big tech firms such as Netflix (NASDAQ:NFLX), and Tesla (NASDAQ:TSLA) this week.

WARNING — GRAPHIC FOOTAGE: The Punaro Group CEO Gen. Arnold Punaro (ret.) discusses the attacks on Israel from Hamas and reacts to the White House being grilled over refreezing the $6 billion from the Iran prisoner swap deal.

Wells Fargo Advisors, the broad marketing umbrella for close to 12,000 bank advisors, wealth management advisors and independent advisors, is betting big on its independent advisor business, in which an advisor works as either an independent contractor or registered investment advisor.

₹3 trillion, up from last year’s ₹2.5 trillion. September data on fast-moving consumer goods (FMCG) from retail technology platform Bizom indicated strong pre-festive stocking, especially in rural markets. Sales of FMCG were up nearly 5% in September versus a year ago; but down 2.3% year-on-year for the September quarter.

By Abinaya V

The crypto giant stopped accepting new UK customers at 5pm on Monday, according to a blog. Under Financial Conduct Authority rules introduced earlier this month, firms wishing to promote cryptoassets in the UK must, by law, be authorised or registered by the FCA, or have their marketing approved by an authorised firm. As an unregulated overseas firm, Binance engaged FCA-authorised firm Rebuildingsociety.com to review and approve financial promotions in compliance with the new rules.

₹5.99 crore for the first quarter ended June 30 of fiscal year 2024. In the same quarter last fiscal, the company had reported a net profit at ₹5.83 crore. In an exchange filing, Yatra Online said that its revenue from operations in the first quarter rose at ₹110.17 crore as compared to ₹88.96 crore in the year ago period.

Google’s partnership with Hewlett Packard (HP) to manufacture Chromebooks in India. Prime Minister acknowledged Google’s 100 languages initiative and encouraged efforts to make AI tools available in Indian Languages.

Microsoft’s official purchase of the video game publisher Activision has raised more questions about how crypto and the metaverse will influence both companies’ products and operations.

(Reuters) — Snap shares jumped 11% on Monday after a media report said the social media company is expected to have more than 475 million daily active users (DAUs) in 2024, above Wall Street expectations.

crypto exchange FTX, on Monday said he had a lot of admiration and respect for FTX Co-founder and CEO Sam Bankman-Fried but over time, that «eroded». According to Singh, Bankman-Fried's frequent dipping into customers' funds was at times done «unilaterally» and was often «excessive.» Singh, who has already pleaded guilty, testified as the third week of Sam Bankman-Fried's criminal trial began in the US, according to CoinDesk. Singh testified that he learned two months before the crypto exchange blew up that it was improperly using customers' money. He said he knew around $8 billion of FTX customers' money had gone missing. «I had a lot of admiration and respect for him, but over time that eroded,» Singh said of Bankman-Fried, his friend from high school, CoinDesk reported. Singh said he «learned of a hole» in the company finances in September 2022. The hole was «enormous,» Singh said, adding that the funds were used by Alameda Research which is Bankman-Fried's affiliated trading firm «for a variety of venture investments, political donations, real estate purchases and other expenditures». «I had a lot of admiration and respect for him, but over time that eroded,» Singh told the court. The Bankman-Fried trial resumed with more prosecution witnesses. Like previous witnesses Alameda Research CEO Caroline Ellison and FTX Co-founder Gary Wang, Singh has also pleaded guilty to fraud and conspiracy counts. Last week, Wang told the court that FTX used hidden Python code to misrepresent the value of its insurance fund. FTX claimed in 2021 on Twitter that «the 5.25 million FTT (FTX tokens) we put in our insurance fund in 2019 now makes the fund worth over 100 million USD». However, former chief technology officer Wang

₹23,000 crore that are aligned with the 'Amrit Kaal Vision 2047’ for the Indian maritime blue economy, the statement added. The prime minister will also lay the foundation stone of Tuna Tekra all-weather deep draft terminal, to be built at a cost of more than ₹4,500 crore at Deendayal Port Authority in Gujarat. This state-of-the-art greenfield terminal will be developed in PPP mode.

Two organizations representing financial services professionals are to merge into one association after their members voted in favor.

Florine Mark, a Michigan business icon and former owner of Weight Watchers franchises in Michigan and Ontario, Canada, has died

Major U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits

After two years co-piloting the biggest acquisition in video game history past an onslaught of challenges, Xbox CEO Phil Spencer now moves on to his next quest: making Microsoft’s takeover of Activision Blizzard worth the hassle

Strong spending by consumers has been a linchpin keeping the U.S. economy out of a recession, and Vivid Seats CEO Stan Chia doesn't see demand in his industry falling off

Finance ministers of G20 nations have now adopted the synthesis paper released by Financial Stability Board (FSB)  and International Monetary Fund (IMF) that carries a number of suggestions on regulations of cryptocurrencies.

Rite Aid Corporation (NYSE:RAD) said it has reached an agreement in principle with some senior secured noteholders on terms of a financial restructuring plan.

Investing.com — U.S. Secretary of State Antony Blinken seeks to limit the extent of the conflict in the Middle East, while the focus on Wall Street turns to the new quarterly corporate earnings season. Rite Aid has filed for bankruptcy while crude prices consolidate after recent hefty gains.