Like Steve Jobs, the streaming entrepreneur wrongfooted rivals with oft-derided strategic audacity. He's also departing the $460 bln company with new leadership firmly in place as tech undergoes ...
Despite jibes from Treasury Secretary Scott Bessent, the multilateral lender continues to enjoy American support. Its ...
Debate once raged over whether post-Covid price rises would be transitory. Today’s worry is the Gulf conflict’s 13 ...
Founder Evan Spiegel is largely ignoring demands from a pushy investor. Sure, he’s laying off 16% of workers at the $10 bln social media firm, but a risky smart glasses program continues.
France's $40 bln Kering vowed to more than double its operating margin at its capital markets day, but disappointed ...
Unilever and Reckitt are down 23% since the Iran war, on fears of emerging market exposure. Nestlé and P&G held up better, owing to a focus on wealthier regions. Yet all face rising food and ...
Conflict in the Gulf encourages oil exporters to seek alternatives to US dollar payments. That may benefit China, which pays for just 30% of its trade in yuan. Yet unless the People's Republic ...
Alibaba, $40 bln MiniMax and others flooded the market with cheap access to models that power agents and apps, turning ...
Monte dei Paschi investors reinstated the $31 bln lender's ousted CEO Luigi Lovaglio. One interpretation is that they want ...
Former CEO James Gorman single-mindedly focused the Wall Street titan on wealth management. Successor Ted Pick has reinvigorated M&A advisory and trading. A 27% return on tangible equity now ...
After selling the remains of its sneaker empire for just $39 mln, the company is turning itself into a cloud computing ...
Boss Scott Kirby has floated the eyebrow-raising idea of a tie-up with $8 bln rival American. Some $3 bln of annual revenue uplift, after shedding ugly route overlaps, must be tempting. Shrinking ...
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