Who Is Shou Zi Chew, the TikTok CEO Trying to Reassure America?
Who Is Shou Zi Chew, the TikTok CEO Trying to Reassure America?
Management
Meet the Twenty Most Influential in Fund Management
The first Financial News list of the Twenty Most Influential in Fund Management celebrates the people shaping the sector across Europe. To keep up to date with all the latest coverage of the asset management sector, sign up for FN’s weekly newsletter. It follows a tough year for the industry, with Russia’s invasion of Ukraine prompting … Read more
T Rowe Price’s Europe boss: ‘We don’t want assets for the sake of assets’
Like most of its peers, T Rowe Price had a rough 2022. The Baltimore-headquartered asset manager ended the year with assets down almost 25%. Financial News spoke with Robert Higginbotham, head of global distribution and the firm’s most senior executive in Europe, about some of last year’s challenges, plans to grow outside the US, and how … Read more
C3.ai stock rockets as CEO Siebel touts ‘dramatic change’ in sentiment amid AI hype
Shares of C3.ai Inc. were surging 14% in after-hours action Thursday after the software company, which deals in enterprise artificial intelligence, issued an upbeat forecast and cited “substantially improving” market sentiment. “As we enter into our fourth quarter, we are seeing tailwinds from improved business optimism and increased interest in applying C3.ai AI, +2.80% solutions … Read more
Warren Buffett’s Berkshire Hathaway Posts Big 2022 Loss in Rocky Market
Warren Buffett’s Berkshire Hathaway Posts Big 2022 Loss in Rocky Market
GE CEO Larry Culp Has a Message for Investors
Text size GE CEO Larry Culp has overseen a lot of change since he took over in 2018. Christopher Goodney/Bloomberg There is a lot going on at General Electric . Businesses are being spun out, laws are changing, and economies are slowing down while costs are on the rise. CEO Larry Culp appears to have … Read more
Elon Musk Sold More Than $3.5 Billion Worth of Tesla Shares
Elon Musk sold more than $3.5 billion worth of Tesla Inc. stock this week in his second round of sales since buying Twitter Inc. Mr. Musk sold nearly 22 million Tesla shares over a three-day period ending Dec. 14, according to a regulatory disclosure made public Wednesday.
Buffett’s Likely Successor Buys $68 Million of Berkshire Stock
Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berkshire stock since he assumed the position in 2018. In several Form 4 filings Monday with the Securities and Exchange Commission, Abel disclosed … Read more
Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
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 in favor of putting more in … Read more
Faraday Future Secures Financing, Strikes Deal With Shareholder
Electric-car startup Faraday Future Intelligent Electric Inc. FFIE 18.60% has secured up to $100 million in new financing to fund operations after reaching a deal with one of its largest shareholders to resolve a monthslong governance dispute. The agreement comes after Faraday said last week that its company leaders were facing death threats and a … Read more