CEO Financial News

13.07 / 15:47

Provident Digital SEC CEO Platform Racing Arrow network Founder of crypto lender Celsius Network Alex Mashinsky arrested, charged with fraud

Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts — including securities fraud, commodities fraud and wire fraud — while Celsius' former chief revenue officer, Roni Cohen-Pavon, was charged with four criminal counts, according to the indictment, which was unsealed on Thursday.

13.07 / 14:47

UPS Target Manufacturing CEO Strategy As Concerns About China Grow, Germany Loosens Its Embrace

For decades, selling to China has been a key ingredient in Germany’s recipe for economic success. Now, Berlin wonders if its partner has gotten too close for comfort. On Thursday, Germany released its first-ever “China strategy," an attempt to balance the relationship’s huge economic benefits with the need to manage risks posed by Beijing’s increasing authoritarianism at home and assertiveness abroad.

13.07 / 13:27

Blockchain Citi CEO Platform Coindesk Indian Co-founder of Indian Crypto Unicorn 5ire to Depart Amid Internal Dispute – Here's the Latest

Blockchain layer 1 network 5ire, which secured series A funding last year valuing the company at $1.5 billion, is now bidding farewell to one of its co-founders.

13.07 / 13:27

Blockchain NFT CEO Get Protocol Secures $4.5 Million Funding to Disrupt Ticketing Industry with NFTs

Non-fungible token (NFT) ticketing firm Get Protocol has secured $4.5 million in new funding to create an alternative to companies like Ticketmaster.

13.07 / 13:25

UPS CEO Federal Bank arm Fedfina reconsidering capital raising options, says CEO Srinivasan

Federal Bank’s non-banking financing arm Fedfina is reconsidering capital raising options after a regulatory approval received earlier lapsed, the bank’s chief executive Shyam Srinivasan said on Thursday. “The company had filed a Draft Red Herring Prospectus (DRHP) last year and was exploring a capital raise but the markets were not that friendly at that point in time," Srinivasan said after announcing the bank’s Q1 financial results. He said the company, in which the bank holds a 74% stake, was performing well and the bank will continue to be a majority shareholder.

13.07 / 13:21

Digital Booking CEO Credit bureau flags risk of retail loan boom

COVID. Notably unsecured consumption-led products have risen a compounded annual growth rate (CAGR) of 47% from the quarter ending March 2021 to March 2023 and credit card delinquencies rose 66 bps ( one bps is 0.01 percent) year-on-year in the March 2023 quarter to 2.94 percent.

13.07 / 13:21

Lowe's Target CEO Action NIFTY VIX 500 Tech View: Brick wall of 19,500 still stands strong for Nifty. What traders should do on Friday

Nifty ended about 29 points higher to form a small negative candle with a long upper shadow on the daily charts. Now it has to hold above 19,333 zones to extend the move towards 19,515 then 19,567 zones while on the downside support is intact at 19,333 and 19,250 zones, said Chandan Taparia of Motilal Oswal. India VIX was down by 0.02% from 10.94 to 10.93 levels.

13.07 / 13:11

UPS Citi CEO FinnCap CEO: Brokers will have ‘no choice’ but to merge

Consolidation among City brokers will pick up unless the listings drought starts to reverse, according to the chief executive of FinnCap.

13.07 / 13:01

MET Disney CEO Parke Disney extends CEO Bob Iger's contract 2 more years through 2026

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor

13.07 / 12:53

Cooper CEO On Paris visit, PM Modi to hold talks with Prez Macron, attend Bastille Day celebrations as Guest of Honour

leadership, Indian diaspora, CEOs and prominent personalities, MEA spokesperson Arindam Bagchi said. In his departure message, PM Modi expressed his excitement for his visit to France, emphasising the significance of being invited as the Guest of Honour to join President Emmanuel Macron in the vibrant Bastille Day celebrations in Paris.

13.07 / 12:53

COST Booking CEO Remark Enterprise TCS Wipro Q1 results: Company books deals worth $3.7 billion, records 66.5% YoY profit growth

Wipro achieved remarkable success by securing 55 large deals with a TCV worth $3.9 billion, experiencing a remarkable YoY growth of 66.5%. The company concluded the last financial year with a 28% increase in its order book and hired 22,000 new employees in FY23. Additionally, it gained 435 new customers, primarily through acquisitions.

13.07 / 12:53

CEO veteran Veteran leaders Rajnish Kumar, T V Mohandas Pai to join BYJU's board advisory council

Edtech startup BYJU'S announced on July 13 that former State Bank of India chairperson Rajnish Kumar and TV Mohandas Pai -former Chief Financial Officer (CFO) and board member of Infosys will be joining the startup's Advisory Council. The new appointments come after the startup's three key investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–resigned from the board leaving CEO Raveendran, co-founders Divya Gokulnath and Riju Ravindran as part of board members.

13.07 / 12:21

UPS FIVE Progressive Extreme CEO Just 5% of women's players at Wimbledon have a female coach. The tennis tour wants to change that

Only six of the 128 women entered in singles at Wimbledon work with a female coach

13.07 / 12:21

Twitter Microsoft Google CEO Tesla BAY SpaceX AI startup elon Elon Musk unveils his new AI startup with a team of top researchers but a vague mission

Elon Musk is finally starting to talk about the artificial intelligence company he founded to compete with ChatGPT-maker OpenAI

13.07 / 12:11

UPS FIVE CEO Remark Parke Pinnacle Co-CEOs of Canadian credit union prove two heads are better than one

Lewis Bublé stepped away from the sand and ocean surf and into a blissfully air-conditioned room on a searing-hot July afternoon in Turks and Caicos to speak about “the boys.”

13.07 / 11:15

COST Provident CEO Matthews Eaton Haynes Got less than $680,000 to invest? Morgan Stanley doesn’t want your business

Morgan Stanley Wealth Management is shifting its focus to cater to Australia’s affluent individuals, while collaborating with wealth manager Ord Minnett to handle clients with lower net worth. According to the Australian Financial Review, customers possessing less than A$1 million in assets (US$683,000), will be given ‘the option’ to transfer their accounts to 472 employee Ord Minnett. The US firm claims this strategic move allows it prioritize high-net-worth accounts, not-for-profits, and family office funds.

13.07 / 11:15

CEO Discover High-net-worth clients may prove easy to get and just as easy to lose, study reveals

Being highly visible to high-net-worth (HNW) individuals may be all you need to do to secure them as a client according to new research.

13.07 / 11:15

Lowe's MET CEO MSCI Rolex Low Dollar slumps to 15-month low as risk-on mood continues

The risk-on mood in markets stretched into another day as stocks climbed and the dollar weakened to a 15-month low.

13.07 / 11:01

COST NASDAQ DOW Disney CEO U.S. PPI ahead, China trade data disappoints - what's moving markets

Investing.com -- Investors await the publication of fresh inflation data out of the U.S. after stocks were boosted in the previous session by weaker-than-expected consumer price growth in June. Elsewhere, China's trade data for June disappoints estimates and Beijing announces new rules governing the use of generative artificial intelligence.

13.07 / 11:01

UPS Digital Progressive CEO PepsiCo guidance PepsiCo raises annual guidance after topping FQ2 estimates; shares gain

PepsiCo (NASDAQ:PEP) shares moved 1.7% higher in pre-open Thursday after the company raised its full-year forecast following the FQ2 outperformance.

13.07 / 10:51

COST Digital CEO Honda Honda Dio 125 scooter launched with H-Smart technology, price starts at ₹83,400

₹83,400 (ex-showroom) for the Standard variant, the scooter is equipped with a 125cc engine. It also comes with a smart key feature. Honda Dio 125 continues to feature an edgy headlamp on the front.

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