CNN Expected to Tap Mark Thompson as CEO
The expected hiring of the former New York Times chief comes as the news network looks to reverse a multiyear ratings slump.
VinFast Stock Plunges, Wiping Out $90 Billion in Market Value
VinFast stock snapped a six-day winning streak, hard. Shares fell 43.8% Tuesday, wiping out about $90 billion in market value.
3M Just Agreed to a $6 Billion Settlement. More Lawsuits Await.
Manufacturer faces lawsuits over forever chemicals filed by personal injury lawyers, state attorneys general.
Meta Uncovers Largest-Ever Chinese Influence Network
The company removed almost 8,000 accounts and said the campaign aimed at advancing China’s interests was largely unsuccessful.
Prudential Profit Rises 6%
Prudential posted an above-forecast operating profit of $1.5 billion in the first half of 2023, helped by lower costs and higher asset-management profits.
Ganfeng Lithium’s Profit Falls, Mexico Project Uncertainty Weighs
Ganfeng Lithium’s first-half net profit fell 19% from a year earlier, weighed down by high operating costs that overshadowed revenue growth at one of the world’s largest lithium producers.
Nvidia’s stock closes at record high, sending AI-chip maker to $1.2 trillion market cap
Nvidia shares are back on track to try to turn in their best year ever after closing at a record Tuesday, as the company reached a $1.2 trillion market cap.
Rivian CEO to get pay raise of more than 50% to $1 million, plus about $15 million in stock
Rivian’s Chief Executive RJ Scaringe just got a hefty pay raise, and a stock award to go with it.
Goldman Sachs to Pay $5.5 Million Over Audio Recording Failures During Pandemic
The civil fine, imposed by the Commodity Futures Trading Commission, is the latest settlement against Goldman related to record-keeping failures.
SEC Settles Cease-and-Desist Order Against Citigroup Global Markets
The Securities and Exchange Commission settled proceedings against Citigroup’s broker-dealer unit regarding its underwriting business.
Source: Dow Jones Newswires