Intel CEO Pat Gelsinger recently has been buying up shares of the chip giant that he helms, but he has spent far more for shares of recently spun-off Mobileye which is developing autonomous driving technologies. Gelsinger paid $2.5 million on Oct. 28 for 120,000 Mobileye (ticker: MBLY) shares at theContinue Reading
(Bloomberg) — Most Read from Bloomberg Credit Suisse Group AG hit a fresh record low after attempts to reassure markets on its financial stability only added to the sense of turmoil surrounding the troubled Swiss bank. The shares dropped as much as 12% in Zurich trading on Monday to 3.52Continue Reading
Exxon Mobil Corp. is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump prices at home. Exxon told the Energy Department this week that the oil industry shouldn’t slow fuel shipments inContinue Reading
The streaming services have been jockeying all year amid a tougher economic environment — and another shift could be coming for your TV sessions. The CEO of Disney, Bob Chapek, said he is thinking about combining two Hulu and Disney+, according to Bloomberg. He said as much at a GoldmanContinue Reading
Climate provisions in the Inflation Reduction Act put the U.S. back on track toward significant emissions reductions, potentially reducing greenhouse gas output by 40% of 2005 levels. But one miner warned that when it comes to the transportation sector, domestic resources for lithium, the most critical mineral used for electricContinue Reading
Anyaberkut | Istock | Getty Images As Vacasa works to grow its share in the vacation rental market, the property management company is tapping longtime travel executive Rob Greyber to be its next CEO. Greyber, who led Expedia’s Egencia division from 2009 to 2020, will succeed current Chief Executive MattContinue Reading
Andreessen Horowitz has invested around $350 million in Adam Neumann’s housing venture Flow, The New York Times reported Monday, citing three people close to the deal. The investment with the much-lauded firm “values Flow at more than $1 billion before it even officially opens its doors,” the outlet added. AdamContinue Reading
Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart UPST, +9.02% offered preliminary second-quarter results a month ago that fell shy of expectations, the key issueContinue Reading
Opinions expressed by Entrepreneur contributors are their own. For nearly two years, many felt a loss of human connection due to COVID lockdowns. The next guest for our Leadership Lessons episode is the leader of a company whose very mission is to help people connect with one another. Host JasonContinue Reading
Credit Suisse on Wednesday announced that CEO Thomas Gottstein would step down as the bank reported a massive second-quarter loss, as poor investment bank performance and mounting litigation provisions hammered earnings. The embattled Swiss bank posted a net loss of 1.593 billion Swiss francs ($1.66 billion), far below consensus expectationsContinue Reading