CEO Financial News

Billionaire philanthropist MacKenzie Scott’s first open call for grants yielded 6,353 applications from nonprofits — meaning candidates have at least a 4% chance of being selected for a $1 million grant

The Teamsters said Wednesday they will resume contract negotiations with UPS next week, marking an end to a stalemate that began two weeks ago when both sides walked away from talks while blaming each other

United Airlines is reporting a profit of more than $1 billion for the first part of the peak summer travel season

Ritholtz Wealth Management and Advisor Circle have selected a small group of technology companies to showcase innovative new products for financial advisors as part of the second annual Future Proof wealth management festival.

The Victorian government is locked in a “delicate” negotiation in London over breaking the Commonwealth Games contract, which could cost as much as $2 billion, according to the state opposition and legal experts.

GreenTech Research President and CEO Hilary Kramer and ‘The Cow Guy’ Scott Shellady discuss the Fed likely not cutting rates in 2023 or 2024, the 1Q GDP performing higher than expected and the market’s reaction. 

retailers this year, reporting only 7% growth in June from a year ago, despite EOSS starting early.Delhi rains made it worse in July for shopping complexes as shoppers preferred to stay indoors during the flood-like situation. According to the Retail Business Survey by the Retailers Association of India (RAI), June 2023 showed a moderate growth of 7% compared to the sales levels during the same period last year. Last year, the growth rate in June was over 50% due to the low base of 2021.

MUMBAI : Billionaire Anil Agarwal’s Vedanta Ltd is seeking to sell ESL Steel Ltd, formerly known as Electrosteel Steels Ltd, after acquiring the asset for ₹5,320 crore through a bankruptcy resolution process five years ago, two people familiar with the development said. A previous attempt to sell the asset in late December failed as certain approvals, including environmental clearance and expansion plan, were still pending, turning prospective buyers cautious.

While fears of artificial intelligence (AI) eliminating jobs are pervasive, India has reason to be particularly worried, according to Emad Mostaque, chief executive officer (CEO) of Stability AI, a company known for text-to-image generator tool Stable Diffusion. Indian engineers working in the information technology sector would be badly hit as AI deployment by multinationals would lessen work coming their way, Mostaque said.

Apple (NASDAQ:AAPL) shares jumped Wednesday afternoon after Bloomberg reported that the tech giant is quietly working on artificial intelligence tools that could contest those of OpenAI, Alphabet's (NASDAQ:GOOGL) Google, and others.

Warner Brothers' DC Superhero film, 'The Flash,' is now available as an NFT (Non-Fungible Token). With immersive web3 experiences, the Flash NFTs will offer fans the opportunity to watch the movie in 4k Ultra HD and access exclusive content, artwork, and augmented reality experiences.

By Rajesh Kumar Singh

During the Covid-19 pandemic, many fintechs began lending to borrowers with imperfect credit, but Wall Street investors were comfortable buying their asset-backed securities (ABS) as government stimulus ensured consumers had the money to meet repayments. ABS are a type of bond backed by a pool of assets, such as auto or credit card loans, which pay a fixed yield. They are a key source of financing for some fintech lenders, which have fewer funding options than banks.

Microsoft Corp. has taken a strategic step in its pursuit of acquiring Activision Blizzard by extending the agreement for the $69 billion acquisition until October 18, 2023. The extension aims to overcome remaining regulatory obstacles and create one of the largest video game developers globally. Negotiations led to revised terms, including termination fees, in case the deal does not go through after specific dates. The original deadline for the $69 billion acquisition of Activision Blizzard by Microsoft was set for July 18. However, to address regulatory concerns and ensure a smooth merger process, both companies have agreed to extend the deal deadline until October 18, 2023. This extension allows them to navigate and resolve any remaining hurdles.

Most retirement plans have investments that fund weapons of war, including exposure to the makers of controversial munitions like cluster bombs, according to a report Tuesday from As You Sow.

The deadline for Microsoft’s $69 billion acquisition of video game company Activision Blizzard has been extended to as the companies seek to close a deal that has been opposed by regulators in the U.S. and the U.K.’s Competition and Markets Authority

Former Intel India head Nivruti Rai has joined as the Managing Director and CEO of Invest India, the Ministry of Commerce and Industry informed on Wednesday. She took over the charge from Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), who had assumed this additional charge in March 2023. Nanda had taken over Invest India from Deepak Bagla who resigned from his post citing "personal reasons".

Crypto memes may amount to criminal offenses if they don’t comply with existing financial promotion rules, warned the United Kingdom’s top financial regulator on Monday. 

HDFC Bank will `nip in the bud' the transgressions of managers and will build an `inclusive' organisation that would help it address the attrition, CEO Sashidhar Jagdishan wrote to shareholders. The private lender which has faced a lot of flak over alleged misdemeanour by its managers said that they were cognizant that the experience of working with HDFC Bank can be better on several counts.

Bharat Benz in collaboration with Reliance Industries showcased India's first intercity luxury concept coach powered by Hydrogen Fuel Cell technology at the fourth Energy Transitions Working Group meeting under India’s G20 Presidency at Goa. The luxury intercity coach is powered by a fuel cell system, which is designed and developed by Reliance Industries, using state of the art components from international partners with significant localization, said Nitin Seth, CEO, New Mobility, Reliance Industries in a LinkedIn post on Wednesday.

Goldman Sachs chief executive, David Solomon, said that the bank has no "specific plans" to further reduce headcount after a deal drought forced it to cut around 3,500 jobs in the last six months.