It seemed like everything was going as expected for Nvidia, the star of the S&P 500 this year. Their outstanding earnings report on Wednesday night initially sent their stock and index futures soaring in the premarket on Thursday. However, the situation quickly took a turn for the worse. Despite some minor gains, Nvidia's shares struggled to stay afloat while the major … [Read more...] about Nvidia’s Plan Goes Awry
3M Violates Anti-Corruption Laws and Agrees to $6.5 Million Settlement
3M, the multinational conglomerate, has recently reached a settlement of $6.5 million over charges of violating the books and records and internal controls provisions of the Foreign Corrupt Practices Act. According to the Securities and Exchange Commission (SEC), employees of 3M's Chinese subsidiary engaged in inappropriate practices. They arranged for Chinese government … [Read more...] about 3M Violates Anti-Corruption Laws and Agrees to $6.5 Million Settlement
General Electric Completes Management Team for Power Generation Business
General Electric (GE) announced the completion of its management team for its power generation business, which is set to be spun out as a separate company in the coming months. Ken Parks Joins as CFO of GE Vernova Ken Parks has been appointed as the Chief Financial Officer (CFO) of GE Vernova, the company's power-generation business. Parks, who previously held the position of … [Read more...] about General Electric Completes Management Team for Power Generation Business
Instacart Files for IPO
Maplebear, operating under the brand name Instacart, has officially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. As a leading online grocery shopping company, Instacart connects consumers with their retail partners, serving 7.7 million monthly active orderers. The company offers various services such as Instacart Marketplace, … [Read more...] about Instacart Files for IPO
Policy Shifts in the Eurozone: ECB President Christine Lagarde Speaks
European Central Bank President, Christine Lagarde, emphasized the commitment to combat inflationary pressures in the eurozone during her speech at the annual symposium in Jackson Hole, Wyo. She stressed the need to adjust monetary policy in the face of a changing and uncertain global environment. In light of these challenges, Lagarde highlighted the importance of adopting an … [Read more...] about Policy Shifts in the Eurozone: ECB President Christine Lagarde Speaks
