Wall Street’s overreacted to upcoming sports venture: EW Scripps CEO
The owners of more than 60 local TV stations, whose stocks plummeted after this week’s shocking news about a joint venture to create a sports bundle, accused Wall Street investors of overreacting. EW Scripps CEO Adam Simson, who saw his company’s stock fall more than 27% after Fox, Disney and Warner Bros. Discovery announced standalone […]
Arm CEO talks growth as stock rallies on AI-fueled demand
Arm CEO Rene Haas talks about how demand for his company’s chip architecture led to record profits on Thursday’s “The Claman Countdown.” Arm Holdings Inc. CEO Rene Haas said Thursday that the company beat Wall Street’s profit and revenue expectations and offered a positive outlook, driven by demand for the company’s services thanks to artificial […]
News Corp in ‘advanced’ talks with AI firms on content licensing deals, CEO says
News Corp., the media giant that owns the Post and the Wall Street Journal, is in “advanced” discussions with major artificial intelligence companies to license news content, a top company official has said. Ta. CEO Robert Thomson has been vocal in criticizing AI companies that effectively steal content from news organizations to train chatbots that […]
Ousted WeWork CEO Adam Neumann trying to buy company back
Joe Sitt, CEO of Thor Equities, spoke about what the sharp decline in commercial real estate means for Barney & Co.’s bank. WeWork co-founder Adam Neumann, who was ousted as CEO of the bankrupt co-working space provider four years ago, is trying to buy back the company through his new venture, Flow Global Holdings. It […]
Cantor Fitzgerald CEO backs cryptocurrency Tether despite Hamas links
Cantor Fitzgerald CEO Howard Lutnick is furious at the New York financial giant’s huge investment in Tether, a cryptocurrency popular with terrorist groups including Hamas. Last month, Lutnick, whose brother is an ardent supporter of Israel and whose brother killed about 3,000 people in the 9/11 attacks, touted Tether at the World Economic Forum in […]
McDonald’s CEO says fast food chain will focus on affordability amid outrage over menu hikes
The fast food chain calls it an “authentic cheeseburger” and it costs 109 baht (Viral Press). McDonald’s CEO acknowledged Monday that the fast-food giant’s sales have fallen due to menu price hikes that went unnoticed by customers. The Chicago-based chain, which has come under heavy criticism for its Big Mac combos that cost nearly $18, […]
McDonald’s CEO promises ‘affordability’ amid backlash over $18 Big Mac combos, $6 hash browns
McDonald’s CEO admits the burger giant’s sales are hurting as menu price hikes drive away key customers, and plans for the chain to focus on “affordability” this year. suggested that. The Chicago-based fast-food giant has been going wild lately with its nearly $18 Big Mac combo menu, but global same-store sales rose just 3.4% in […]
Samsung CEO won’t be sent back to prison for financial crimes
Samsung CEO Lee Jae-yong avoided another prison sentence on Monday after being found not guilty of financial crimes related to the controversial merger of two of the company’s affiliates. According to reports, the Seoul Central District Court ruled that prosecutors were unable to sufficiently prove that the 2015 merger between Samsung C&T and Cheil Industries […]
Subway’s new snack menu satiating appetite for growth, CEO says
Subway CEO John Chidsey discusses recent menu growth, store sales success and the restaurant chain’s outlook for 2024. Subway bosses say Americans’ desire to eat fresh at Subway is surging thanks to menu innovations and restaurant renovations. “When we started the rebuild about three years ago, we had a plan to transform this into a […]
New Macy’s CEO grabs reins amid takeover threats
Macy’s CEO Tony Spring will officially take the reins on Sunday as the storied retailer faces slowing sales growth and the threat of a takeover. Mr. Spring, 58, rose through the ranks at the luxury brand’s sister company Bloomingdale’s and has been Macy’s next CEO since last March, when Jeff Gennett announced his plans to […]