Energy

“Green transition won’t be perfect and we’ll need natural gas, World Energy Council CEO says”

“…“We need to get electrification going faster,” said Angela Wilkinson, the secretary general and CEO of the London-based World Energy Council. “We want it to be more renewable-powered electrification,” she added, before acknowledging that a huge amount of work will… Continue Reading…

Business, Stocks

“Union Pacific Stock “Potential To Double” After CEO Ousted; Railroad Stocks Steady After Ohio Disaster”

“…Soroban Capital Partners on Sunday publicly called for the ouster of the railroad’s CEO, Lance Fritz. A letter from the New York-based hedge fund projected that a change to ‘best-in-class’ leadership would result in a doubling of Union Pacific stock… Continue Reading…

Business, Stocks

“Disney shares rise after Iger replaces Chapek as CEO”

“Shares of Disney popped Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney’s stock rose more than 7% on Monday. As of Friday’s close, the company’s shares had fallen about 40% so far this year.… Continue Reading…

Cryptocurrencies

“Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy”

“Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also stepped down as CEO and has been succeeded by John J. Ray III, though the outgoing… Continue Reading…

Economy

“Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war”

“JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same… “You’d better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves… Continue Reading…

Stocks

“Gap stock slides 18% after cutting sales guidance; CEO of Old Navy division to leave”

“Gap Inc. shares tumbled 18% in premarket trading Friday after the company slashed its sales outlook for the first quarter of fiscal 2022, citing what it called “execution challenges” its Old Navy business, and announced the CEO of that division, Nancy… Continue Reading…

Business, Stocks

“Elon Musk decides not to join Twitter board, says CEO Parag Agrawal”

“Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced publicly Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his… Continue Reading…

Stocks

“CEOs And Corporate Insiders Have Sold A Record $69 Billion In Stock In 2021”

“EDITOR’S NOTE: If you are looking to spot trends in the stock market, following what “CEOs and corporate insiders” do is a good place to start. In 2021, these finance mavens are having a fire sale and taking as much… Continue Reading…

Business, Stocks

“Twitter CEO Jack Dorsey is expected to step down, sources say”

“Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock was up more than 5% on the news. Dorsey currently serves as both the CEO of Twitter and Square, his digital payments… Continue Reading…

Banking, Cryptocurrencies

“Bitcoin could rise 10 times in price but I just don’t care, says JPMorgan CEO”

“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…