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Stocks

“Penny Stock’s 1,500% Jump Fueled by Reddit Left CEO Dumbfounded”

“BrainChip Holdings Ltd., an artificial intelligence-focused startup whose flagship product is yet to be made widely available for commercial use, saw its 2020 gains propel to 1,500% earlier this month. While concerns about overheating have seen the stock getting hammered… Continue Reading…

Economy, Personal Finance

“Credit card CEO warns of dark times when the $600 unemployment benefit expires”

“Margaret Keane has been in the credit card business for 40 years and she’s seeing something she never expected: There’s mass unemployment, yet Americans are paying their bills on time. In normal times, that’d be good sign of financial responsibility.… Continue Reading…

Business

“Big Uber Shareholders Rebel on CEO’s Huge Pay Package Amid… Layoffs”

“At Uber’s 2020 shareholders meeting on Monday, a group representing large Uber shareholders took issue with how much the ride-sharing giant is paying its CEO Dara Khosrowshahi while the company slashes thousands of jobs and its contractor drivers struggle to make ends… Continue Reading…

Business, Stocks

“Bob Iger to step down as Disney CEO, effective immediately”

“Bob Iger will step down as Disney CEO and assume the role of executive chairman, Disney announced Tuesday. Bob Chapek, who most recently served as chairman of Disney parks, experiences and products, will assume the role of CEO, effective immediately, Disney announced. Chapek will… Continue Reading…

Economy

“PayPal CEO: Spending by our nearly 300 million users makes me ‘pretty bullish’ about US economy”

“Dan Schulman, CEO of digital payments giant PayPal, told CNBC on Wednesday that spending activity by their nearly 300 million users remains high, strengthening his optimism about the future of the overall U.S. economy. “In the U.S., consumer spend is still strong,” Schulman… Continue Reading…

Economy, Investing, Stocks

“C.E.O.s Are Anxious About the Economy. That’s Bad for Stocks.”

“…Confidence among chief executives fell to its lowest level in a decade in the third quarter, according to survey data collected by the Conference Board, a nonprofit research group. The last time the survey came close to showing these levels of… Continue Reading…

Business

“Juul replaces CEO and stops all advertising as vaping crisis escalates”

“The CEO of Juul is out, as a growing number of vaping-related deaths and threats of federal regulation present a monumental challenge for the e-cigarette company. Juul announced Wednesday that CEO Kevin Burns will be replaced by K.C. Crosthwaite, who… Continue Reading…