Ken Moelis Scraps CEO Handoff Plan to Seize Once-a-Decade Moment
Six years ago, Ken Moelis predicted he would hand the reins of his namesake firm to someone else
1970-01-01 08:00
China AI Startup Stockpiled 18 Months of Nvidia Chips Before Ban
One of China’s emerging artificial-intelligence startups went on a buying blitz earlier this year to make sure it
1970-01-01 08:00
World’s Biggest Bank Forced to Trade Via USB Stick After Hack
On Thursday, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a
1970-01-01 08:00
Hot October Makes 2023 ‘Virtually Certain’ to Be Warmest Year Ever
This October was the warmest on record and 2023 is “virtually certain” to be the hottest year ever
1970-01-01 08:00
WeWork Joins a Long List of High-Profile SPACs That Have Failed
The list of companies to go public through a blank-check merger only to go bankrupt shortly thereafter has
1970-01-01 08:00
Workers Are Getting the Biggest Raises in Decades After US Labor Wins
Workers in the US are getting record-breaking wage hikes this year thanks to strategic strikes and stunning contract
1970-01-01 08:00
Kamala Harris Set to Unveil $200 Million AI Fund From Private Foundations
Vice President Kamala Harris is poised to announce an investment of more than $200 million from philanthropic foundations
1970-01-01 08:00
Johnson Says He Expects House to Pass Israel Aid Bill This Week
House Speaker Mike Johnson said he expects the Republican-led chamber to pass an Israel aid bill this week,
1970-01-01 08:00
Private Debt Funds Have a $500 Billion Conundrum
Private credit’s success is creating a $500 billion headache: finding a home for all the money that’s been
1970-01-01 08:00
Apple Plans AirPods Overhaul With New Low- and High-End Models, USB-C Headphones
Apple Inc. is planning an end-to-end overhaul of its AirPods lineup, refreshing a product category that’s emerged as
1970-01-01 08:00
Stellantis Nears Deal to Buy 20% of Chinese EV Maker Leapmotor
Stellantis NV is nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company Zhejiang
1970-01-01 08:00
Microsoft Sales Top Estimates as Cloud Growth Picks Up Steam
Microsoft Corp. posted its strongest sales increase in six quarters, bolstered by recovering cloud-computing growth amid demand for
1970-01-01 08:00