Archegos Founder Bill Hwang Sentenced to 18 Years in Prison
His firm’s collapse wiped $100 billion in market value, prosecutors said. Source link
Nvidia's Sales Soar as AI Spending Boom Barrels Ahead
The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips. Source link
News Corp Shareholders Reject Activist Bid to End Dual-Class Share Structure
Shareholders voted down Starboard Value’s proposal, which was aimed at damping the Murdoch family’s influence over the media conglomerate. Source link
Boeing CEO to Employees: We Can't Afford Another Mistake
The jet maker will overhaul employee incentive plan and delay R&D spending. Source link
Williams-Sonoma Beats Views With Third-Quarter Results, Boosts Outlook
Shares surged following the earnings announcement. The company’s market value has nearly doubled over the past 52 weeks. Source link
How Students Can AI-Proof Their Careers
Artificial intelligence is going to eliminate a lot of jobs in the future. It’s possible to reduce the risk that it will be yours. Source link
Ford to Cut 4,000 Jobs in Europe in Cost-Saving Drive
Ford became the latest carmaker to seek deep cost savings as it grapples with timid demand for electric vehicles and rising competition. Source link
Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels
The new venture will house channels like E!, USA and MSNBC, and Comcast also announced several leadership changes. Source link
Target Shares Plunge on Earnings Miss
The retailer says spending remains sluggish for apparel, TVs and home goods. Source link
The Unusual Power of VW's Union Boss Is Being Put to the Test
Daniela Cavallo faces the battle of her career as she fights what would be the first German factory closures in the automaker’s history. Source link