Financial watchdogs on Tuesday charged a 56-year-old New Yorker with insider trading, alleging the executive knew in advance that Foot Locker’s disappointing earnings would lead to a stock sell-off. In total, authorities said the director made about $113,000 — and now he must pay back double that, according to a pending settlement. According to the … Read more
Some Amazon employees refuse to “disagree and commit,” as one of the company’s famed leadership principles requires of those who disagree with a decision. Instead, hundreds of employees at the online retail giant are complaining that CEO Andy Jassy’s five-day-a-week return-to-the-office mandate, announced last week, will negatively impact their lives — and productivity at work. … Read more
Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI Nvidia shares closed 4% higher on a report that CEO Jensen Huang has finished selling shares. Huang raised a total of $713 million from the sale. He remains Nvidia’s largest shareholder. Nvidia shares rose as much as 5% on Tuesday after Barron’s CEO Jensen … Read more
Warren Buffett is one of the most respected investors on Wall Street. That’s partly because he has amassed a personal fortune of $140 billion, but also because Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has grown at a phenomenal pace under his leadership. The company’s Class A shares have returned 20% annually since Buffett took over … Read more
Larry Ellison owns 42% of the shares Oracle (NYSE: ORCL)a $465 billion technology giant building some of the most powerful data centers for artificial intelligence (AI) development. Nvidia (NASDAQ: NVDA) supplies Oracle and most other technology companies with data center chips called graphics processing units (GPUs). Nvidia has experienced an eye-popping increase in sales over … Read more
(Reuters) -U.S. Vice President Kamala Harris has announced a series of economic proposals aimed at lowering the cost of living for middle- and lower-class Americans and boosting the broader economy by leveraging of tax breaks and other tax shifts. Some of her ideas build on unfinished business in President Joe Biden’s economic agenda, but expand … Read more
It is not uncommon for great business leaders to be poached by major corporations. Take the recent example of Brian Niccol, the former CEO of Chipotle who was poached by Starbucks last month. But this behavior started among professionals in the early years of their careers – and Jamie Dimon doesn’t like it. Dimon, the … Read more
This is The Takeaway from today’s Morning Brief, that’s possible to register to receive in your inbox every morning, along with: China just announced its biggest economic stimulus measures since the pandemic, which is reverberating across stocks and commodities globally. After details of monetary stimulus and stock market support were announced by the People’s Bank … Read more
As your first year of retirement progresses, it’s important to evaluate whether the financial plan you put in place to ensure your lasting well-being is going as planned. An appropriate plan should include tax calculations to understand how much of your income is actually available to you for your needs and wants. Some people may … Read more
In recent years it has become clear that the technology sector has been an important driver of market growth. Innovations, especially in generative AI, are rapidly improving software capabilities, creating the potential for greater productivity and adaptability in digital tools. But while software plays a crucial role, these advances couldn’t happen without the hardware that … Read more