CEO Financial News

For the first time in its nearly 20-year history, Reddit is turning a profit

The head of Wealthsimple Inc. called Canada’s productivity problem an “absolute crisis” that will take a major entrepreneurial push to fix.

Subscribe to enjoy similar stories. Starbucks is stepping up efforts to enforce its return-to-office mandate with a warning: Comply with the policy or risk termination. The company will be instituting an “accountability process" in January to ensure corporate employees comply with requirements to work in the office three days a week, according to an internal message obtained by The Wall Street Journal.

Indian youth is among the best in innovation and technology after GitHub's CEO Thomas Dohmke said India's rise as a global tech titan is inexorable. Dohmke, whose firm is a leading developer platform, said on X, «Of course, I have to show some love to India. Now the fastest growing developer population on the planet, India's rise as a global tech titan is inexorable.» He said India's developers have gone a leap further as they are increasingly using AI (artificial intelligence) to build AI. «India has the second-highest number of contributors to public generative AI projects. This makes it evermore likely the next great AI multinational is borne on the continent,» he added.

In his speech delivered at the Investment Association annual dinner on Tuesday (29 October), the FCA CEO questioned whether the starting point for investors should be «to worry about growing private markets creating risks outside the banking system». The other option, according to Rathi, would be «to focus on the opportunity to unlock capital for infrastructure and growth». «It is time to reset our narrative. But not in a way that is oblivious to risk,» he said, urging for data transparency, which could «build a system-wide picture of risks, and to be clear about who owns them». FC...

Subscribe to enjoy similar stories. Tensions between SpaceX and its federal regulators have spilled into public view. The Federal Aviation Administration is seeking $633,009 in civil fines, alleging that the company neglected necessary paperwork for two 2023 launches.

Subscription growth was driven by offerings like YouTube TV, NFL Sunday Ticket and YouTube Music Premium. “We're also focusing on enhancing the living room experience with features like multiview and a new option for creators to organize their content into episodes and seasons, much like traditional TV,” the company said in a blog post.

adaptability is essential. Jennifer Dulski, CEO and founder of Rising Team, emphasizes that adaptability and resilience are the top traits she seeks in candidates. With a wealth of experience in hiring, including roles at Google and Facebook, Dulski has a keen understanding of what it takes to succeed in the modern workplace.

A federal appeals court says the National Labor Relations Board was wrong to order that Tesla CEO Elon Musk delete a 2018 social media post that union leaders saw as a threat to employee stock options

Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker. Shareholders have turned their focus to CEO Pat Gelsinger's attempts to salvage the company's lost market lead as losses mount at its contract manufacturing business, while Intel fails to capitalize on the generative AI-driven chip boom, after a series of missteps including passing on an investment in OpenAI. With Wall Street expecting Intel to report an 8% decline in revenue to $13.02 billion, according to data from LSEG compiled as of October 26, investors want Gelsinger to provide clarity on his plans to get the company's latest manufacturing technology up and running.

Intel CEO Pat Gelsinger inherited a troubled company that had lost its edge in manufacturing skills and had ceded to rivals the hugely lucrative markets for chips used in mobile phones and artificial intelligence. 1968 — Robert Noyce and Gordon Moore found Intel, helping reshape California's Santa Clara Valley from fruit orchards into the Silicon Valley tech hub. 1971 — Intel introduces the 4004, the world's first commercially made programmable microprocessor, with 2,300 transistors. These were among the first chips that could be programmed to perform specific functions, unlike previous processors that were hardwired only for a certain task — a turning point in the history of the semiconductor industry that laid the groundwork for the development of CPUs.

Subscribe to enjoy similar stories. Serum Institute of India CEO Adar Poonawalla's decision to buy a 50% stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment for ₹1,000 crore could prompt more non-film conglomerates to invest in movie production houses at a time when they are struggling with dwindling revenues from theatrical, satellite and digital sales, industry experts said.

Nippon Life India Asset Management, including CEO Sundeep Sikka, head of fixed income Amit Tripathi, and Milind Nesarikar, have applied for a settlement with market regulator Securities and Exchange Board of India (Sebi) in the ongoing Yes Bank AT1 bond case, in order to avoid formal proceedings, according to sources familiar with the matter. A legal expert said that if Sebi accepts the settlement, formal proceedings may not be pursued further.

Indian IT firms leveraged their partnerships with top clients to put up a strong show. From generating revenue from additional demands of existing clients, and restarting clients’ backlog projects to harvesting top clients, IT firms lapped up these incremental works with finesse. Top IT firms saw their top clients’ contribution to their total revenue jumping in the second quarter. HCLTech’s top 20 clients that contributed 27.3% of its revenue in Q2 of last fiscal, are now contributing 350 bps (100 basis points is 1%) more currently (at 30.8%). Infosys’ top 10 clients are contributing 100 bps more today than what they were contributing to the corresponding period of last year. Similarly, Wipro’s top 10 clients are contributing 230 bps more today (at 22.9%) than what they were contributing (20.6%) in the corresponding period of last year.

Subscribe to enjoy similar stories. Telecom major Bharti Airtel has just announced a new CEO & MD, who will take charge 14 months from now—on 1 January 2026. That’s a long waiting period.

Saphyre Vice Chairman Wolfgang Koester details his excitement around the fin-tech sector, looks ahead to this weeks earnings and previews the October jobs report.

Value meals helped turn around McDonald’s U.S. sales in the third quarter

Aeschlimann, who was named managing partner of Mirabaud Group in 2011 and spearheaded the private bank's asset management arm since its launch in 2012, will be replaced by Umberto Boccato from 1 January 2025.  Boccato has served as deputy CEO at Mirabaud AM since January 2021, having joined the group in 2005 as head of investments. The outgoing CEO will succeed Yves Mirabaud as senior managing partner of the group and assume the role of chair of the various boards of directors of Mirabaud Group's asset management companies.   The Big Interview: Mirabaud AM's CEO on why the Gene...

Aeschlimann, who was named managing partner of Mirabaud Group in 2011 and spearheaded the private bank's asset management arm since its launch in 2012, will be replaced by Umberto Boccato from 1 January 2025.  Boccato has served as deputy CEO at Mirabaud AM since January 2021, having joined the group in 2005 as head of investments. The outgoing CEO will succeed Yves Mirabaud as senior managing partner of the group and assume the role of chair of the various boards of directors of Mirabaud Group's asset management companies.   The Big Interview: Mirabaud AM's CEO on why the Gene...

Subscribe to enjoy similar stories. Pfizer punched back against activist investor Starboard Value on Tuesday, delivering positive quarterly results. The pharmaceutical company raised its revenue outlook for the year to between $61 billion to $64 billion, up from $59.5 billion to $62.5 billion previously.

This comes as Shop Price index recorded 0.8% deflation in the first week of October, a slowdown from deflation of 0.6% in the previous month. This was below the three-month average rate of -0.6%, and meant shop price annual growth dropped to its lowest rate since August 2021. «October saw shop prices fall marginally further into deflation for the third consecutive month,» said Helen Dickinson, CEO of the BRC. What to expect at the upcoming Autumn Budget Dickinson added that this was something households would «welcome the continued easing of price inflation». However, she war...