French prosecutors are investigating a deal between French billionaire Bernard Arnault and a Russian businessman for possible money laundering. The … More
Tag: industry
Lucid CEO’s $379 million annual pay draws criticism from billionaire Elon Musk: ‘Beware any company where leadership compensation is not linked to performance’
It’s rare for CEOs to rebuke their peers’ outlandish pay packages—mostly because they’d be throwing stones from —but Lucid Motors’ CEO … More
Decline in China factory activity extends into a fourth month
Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, … More
Chinese star banker Bao Fan detained by country’s top anti-graft body, state media says
One of China’s top tech bankers, who went missing in February, has been in the custody of the country’s top … More
Hedge fund billionaire Bill Ackman goes for the jugular with his archrival Carl Icahn on the ropes, comparing his firm to the infamous implosion of Archegos
Pershing Square founder Bill Ackman has warned that his investment firm’s rival, Icahn Enterprises, could prove to be another Archegos, a … More
Berkshire director: Buffett CEO heir an ideal fit, but changeover not imminent
One of Berkshire Hathaway Inc’s longest-serving directors said Greg Abel has the ability and commitment to its culture that makes … More
China’s Alibaba invites businesses to trial AI chatbot -media
Tech giant Alibaba (9988.HK) is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, … More
Australia to ban TikTok on government devices
The Australian government said on Tuesday it would remove TikTok from all federal government-owned devices, following many other countries in … More
Sam Bankman-Fried’s Legal Defense Is Being Funded With Alameda Money He Gifted His Father
Sam Bankman-Fried, founder of fallen cryptocurrency exchange FTX who claimed to have just $100,000 in his bank account last November, is … More
Sam Altman responds to Elon Musk’s criticism of OpenAI: ‘I mean, he’s a jerk,’ but ‘he does really care’
Sam Altman hit back at OpenAI cofounder Elon Musk’s criticism that the ChatGPT creator had become a “maximum profit company” amid its multi-billion … More
Thomas Lee, Private-Equity Pioneer, Struggled to Reprise Early Successes
Boston investor came of age alongside early peers Stephen Schwarzman and Henry Kravis Thomas Lee at his New York office … More
SBF Is in Big Trouble for Watching the Super Bowl
Since being extradited from the Bahamas in December, Sam Bankman-Fried has been holed up in his parents’ home in Palo Alto on … More
Ford Follows Tesla in Cutting Electric Vehicle Prices
The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars … More
Inventor of the world wide web wants us to reclaim our data from tech giants
The internet has come a long way since Tim Berners-Lee invented the world wide web in 1989. Now, in an … More
Robert Kiyosaki Buying More Bitcoin — Warns SEC Regulations Will Crush Most Cryptocurrencies
2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on … More