CEO Financial News

By Jody Godoy

For those overly optimistic about the US economic prospects for H2, I suggest revisiting Nike's (NYSE:NKE) fiscal Q4 earnings from last Thursday.

Hive Blockchain (HIVE), a major Bitcoin mining farm, intends to provide customers with access to its data centers, where they could train large language AI models. 

(Reuters) — Elon Musk's Twitter has put a temporary limit on the number of tweets that users can see each day, a move that has sparked some backlash and could undermine the social network's efforts to attract advertisers.

New Delhi: Sula Vineyards Limited, a wine producer, has announced that its chief operating officer, Chaitanya Rathi has resigned. Rathi will be moving on to explore opportunities outside of the company.

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Morgan Stanley’s board is set to prioritize the selection of CEO James Gorman’s replacement during its upcoming meetings, according to a Reuters anonymous source. As Gorman looks to resolve major regulatory issues, the board will evaluate three internal candidates in July and subsequent meetings in September and October. Co-presidents Ted Pick (head of the International Securities Group) and Andy Saperstein (head of the Wealth Management Unit) are considered the front runners, with Pick slightly ahead. Another contender is Dan Simkowitz, the head of investment management, although no final decision has been made. The process remains confidential, and neither Morgan Stanley nor the individuals involved commented on the matter.

Try as you might, you can’t spell “financial advisor” without F-L-O-R-I-D-A.

Nimesh Patel is no longer with Carson Group, less than two years after he was named the firm’s first chief technology officer.

Money has been pouring into taxable accounts at a faster rate than 401(k)s and IRAs, a reversal of a long trend resulting from wealth being increasingly concentrated among older investors.

More 401(k) plan sponsors like the idea of retaining participants after retirement, which is helping drive the development of more in-plan retirement income products, data published Friday by Cerulli show.

Yellow Corporation CEO Darren Hawkins presses the importance of union negotiations to avoid economic disruption.

Microchip Technology, on Monday announced a multi-year plan to invest approximately $300 million in expanding its operations in India. The time frame for the investment would be the next four to six years. “The investment will be in buildings and infrastructure, equipment and labs, and people.

Australia’s most successful Olympic sailor Mat Belcher was a natural fit to lead Australian sailing apparel company, Zhik, when he retired after the Tokyo 2020 Olympic Games.

Shortening the time it takes to settle a trade might have helped smooth out the volatile ride investors took on GameStop trading last month, Robinhood CEO Vlad Tenev told the House Financial Services Committee last week.And now, it appears one of Wall Street’s major clearing firms agrees.

Markets were resilient last week in the face of extreme volatility and high volume after an army of retail investors on Reddit banned together to buy GameStop shares and force a short-squeeze among hedge funds, regulators said Thursday. However, regulators said they still want to take a closer look at trading practices to ensure markets are fair for all investors—with an emphasis on all.

Kids may learn how to save, spend, and share, thanks to programs like “Sesame Street,” but Greenlight Financial is adding one more important lesson into the mix: investing. The fintech company behind the parent-managed debit card and app for kids launched its newest plan Thursday, Greenlight Max, which focuses on teaching children how to invest.

Retail investors—the very people who helped propel Robinhood to prominence in online trading—may have also been the ones who took the shine off the company’s initial public offering.

Robinhood Markets, which says its mission is “to democratize finance for all,” took another step in that direction by offering individual investors the opportunity to get in on initial public offerings (IPOs).

The trading isn’t over, but maybe the party is. Robinhood Markets, known for its popular trading app, says it’s doing away with the shower of confetti that typically animates an app user’s screen after trades and other transactions. 

Goldman Sachs is launching a new initiative with a dual mandate to address both gender and racial bias against Black women.