““I was disappointed in what I was seeing while I was out. I was not the only one who had concerns about [Bob] Chapek. So was the board.”” — Bob Iger That’s…
Tag: corporate
Tesla’s stock fought the downtrend and the downtrend won, for now
Shares of Tesla Inc. climbed enough Wednesday to evaluate a key chart level, but then pulled back as bulls failed to make any progress. That failure means the downtrend, that has kept…
Pure Storage’s stock tanks 14% after tech company calls for worse-than-expected current quarter, year
Shares of Pure Storage Inc. PSTG, +5.74% dropped more than 14% in the extended session Wednesday after the tech company reported fiscal third-quarter earnings above Wall Street expectations but guidance for its…
Calvin Klein parent PVH’s sales grow 4%, but stock slides
PVH Corp. shares PVH, +1.59% dropped more than 3% in the extended session Wednesday after the parent of the Calvin Klein and Tommy Hilfiger brands raised its per-share expectations for the year…
Our Updated Guide to OpenAI, Sam Altman, What Happened and What’s Next
Updated Nov. 25, 2023 8:44 am ET In the past week, Sam Altman was fired as CEO of OpenAI, stumbled in a coup to return and then finally secured his old job…
Sam Altman officially back as OpenAI CEO, Microsoft gets non-voting board seat
After one of the more dramatic few weeks in recent corporate history, OpenAI co-founder Sam Altman is officially its chief executive again. The AI startup behind ChatGPT announced Altman’s return before Thanksgiving,…
Occidental Petroleum in Talks to Buy Permian Producer CrownRock
Occidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, continuing a frenzy of deal making in the oil patch. A…
OpenAI’s New Board Takes Over and Says Microsoft Will Have Observer Role
OpenAI’s new board formally took over on Wednesday and said it would add an observer role for partner Microsoft, capping a dramatic chapter for the artificial-intelligence startup and launching a new phase…
Favoring 5% savings accounts and CDs over stocks now? Think again.
Perhaps the Federal Reserve is finished raising interest rates, and perhaps the first rate cuts are just months away. Still, it’s been a good ride for savers and risk-averse cash investors as…
The Stocks That AI Mania Left Behind
Updated Nov. 28, 2023 4:42 pm ET This was supposed to be the year value stocks shined. Then AI mania took over and ran away with the spotlight. Shares of big tech…