CEO Financial News

Jensen Huang, Chris Malachowsky and Curtis Priem — gathered at the diner, now the heart of Silicon Valley, to discuss building a computer chip that would make graphics for video games faster and more realistic. That conversation, and the ones that followed, led to the founding of Nvidia, the tech company that soared through the ranks of the stock market to briefly top Microsoft as the most valuable company in the S&P 500 this year. Nvidia has a market cap or net worth of $3.41 trillion as of December 11, 2024, now worth as much as Apple and Microsoft. The poster child of the artificial intelligence boom, Nvidia, whose hardware is now found in all Tesla vehicles, may bring the next industrial revolution in the tech world. It is successful than anybody could have ever imagined because of its charismatic leader. ALSO READ: What is Willow? Google's quantum computing chip explained in 10 points

Bitcoin surged past the $100,000 mark on Thursday after an as-expected reading of U.S. consumer inflation cemented bets for a Federal Reserve interest-rate cut next week. The U.S. consumer price index (CPI) rose 0.3% month-on-month and 2.7% year-on-year in November, aligning with expectations. This boosted the probability of a 25-basis-point rate cut to 99%, up from 89% a day earlier, as per CME FedWatch.

green trucker jacket resembling the one worn by the alleged UnitedHealthcare CEO shooter, Luigi Mangione, has become highly sought after. Social media attention has driven its popularity, leading to high sales.

Professional Capital Management CEO and founder Anthony Pompliano analyzes whether to buy bitcoin, the de-banking debate and latest developments in the UnitedHealthcare CEOs fatal shooting.

Luigi Mangione, the man charged with murder in connection with the killing of the CEO of UnitedHealthcare, made it clear he wasn’t going to make things easy for authorities, shouting unintelligibly and writhing in the grip of sheriff’s deputies as he was led into court and then objecting to being taken to New York to face trial.

Luigi Nicholas Mangione, suspect in the killing of UnitedHealthcare CEOBrian Thompson, contested his extradition to New York at a court hearing Tuesday, though it isn’t expected to delay legal proceedings significantly

New York City’s police commissioner says the gun found on the suspect in the killing of UnitedHealthcare’s CEO matches shell casings found at the crime scene

Basketball Hall of Famers Vince Carter and Tracy McGrady are among 10 limited partners who have joined the Buffalo Bills’ ownership group

mutual fund industry, Zerodha Founder and CEO Nithin Kamath said as he lamented inadequate number of Registered Investment Advisors (RIAs) and Mutual Fund Distributors (MFDs). While Zerodha offers direct plans, the entrepreneur acknowledged the role of MFDs in taking the industry forward and went on to recommend it as a «good career option». «Despite all the interest in the stock market after COVID, there are still only 5 crore unique mutual fund investors. I've said this earlier as well—one of the biggest challenges for the Indian markets is the lack of an advisory ecosystem with just about 900 RIAs,» Kamath tweeted.

The chipmaking icon's revenue for the first nine months of this year, which was roughly flat year-on-year at $38.84 billion, was below the ratings agency's expectations, S&P Global said. The departure of CEO Pat Gelsinger, who was critical to the Intel's integrated manufacturing strategy, also adds uncertainty to the execution of the company's turnaround plan, S&P Global said.

General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit

Chinese Vice Premier He Lifeng has met with several U.S. finance executives in the last month as Beijing seeks to build relationships ahead of President-elect Donald Trump's planned tariffs on China.

Luigi Mangione, the man arrested in connection with the killing of UnitedHealthcare CEO Brian Thompson, is expected to fight extradition to New York where he has been charged with murder.Speaking with reporters on Tuesday evening, following a court appearance earlier that afternoon, defence lawyer Thomas Dickey said he had advised his client Mangione to not waive extradition and to plead not guilty to charges he faces in Pennsylvania and New York.“I haven’t seen any evidence that says he’s the shooter,” he said. “The fundamental concept of American justice is a presumption of innocence until you’re proven guilty beyond reasonable doubt, and I’ve seen zero evidence at this point.”Prior to Tuesday’s hearing, video showed Mangione in an orange jumpsuit as he was led into the court building.

ghost guns, a type of untraceable firearm. Law enforcement has connected these homemade weapons to criminal activities.

U.S. consumers would likely see prices increase if President-elect Donald Trump follows through with a plan to levy import tariffs, experts said Tuesday during CNBC's Financial Advisor Summit.

Boeing is resuming production of its bestselling plane, the 737 Max

JP Morgan India chief executive officer PD Singh is among three candidates shortlisted by Standard Chartered Bank to succeed Zarin Daruwala as the chief executive officer for India and South Asia, people familiar with the matter said. Rahul Shukla, group head for commercial and rural banking at HDFC Bank, and Venugopal Ranganathan, chief risk officer (CRO) at Standard Chartered, are the two other names submitted to the Reserve Bank of India (RBI) for the CEO post, the people said. Daruwala retires from the bank in March after eight years at the top job.

Burns, who is lead manager of the firm's Core MPS range, has initiated positions of between 2% and 4.5% in the £3bn Fidelity Special Situations fund across the Conservative, Cautious, Balanced, Growth, Adventurous and Maximum Growth portfolios.  Over one year, Fidelity Special Situations has returned 22% versus 14.9% from the IA UK All Companies sector, while the £289m Ninety One UK Alpha fund has returned 11.8%, according to FE Fundinfo. Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact «Although we see large companies as attractively priced, we see even more value ...

Speaking before the Treasury Committee today (10 December), Rathi said the FCA cannot prevent all the negative outcomes resulting from more risk taking, adding that «sometime in the next few years, one or two more things will go wrong». However, he continued that, this was necessary in order to change risk appetite and bolster UK economic growth. The FCA CEO's statements came amid growing criticism from politicians and industry members that UK regulation is hampering risk appetite for investment in the country. FCA has 'near impossible' job to balance growth and consumer protection...

In the letter signed by FCA CEO Nikhil Rathi and chair Ashley Alder on Monday (9 December), the watchdog stated that operating as a zero-failure regulatory regime would «stifle innovation at a cost not just to business but consumers too». Tulip Siddiq: FCA 'has gone too far in seeking to eliminate risk-taking' «We will always have to make judgements about how best to deploy our resources. It is not feasible to pursue every piece of intelligence or concern raised about the 42,000 firms we regulate nor all complaints we receive on unauthorised activity,» the letter stated. The FCA sa...