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60 stories related to this topic, newest first.
forbes.combusiness9 hrs ago
Microsoft to Cut 3,200 Xbox Jobs Over Fiscal 2027
Xbox CEO Asha Sharma announced the reductions, with 1,600 roles eliminated July 6. The moves affect every studio and include management changes and studio restructurings.
Semaforworld11 hrs ago
DarGlobal Sales Hold in Saudi Arabia but Fall in Dubai and Doha Amid Iran War
DarGlobal CEO Ziad El Chaar said demand for luxury homes stayed strong in Saudi Arabia and Spain this year. The Iran war reduced purchases in Dubai and Doha, with some buyers seeking 30% discounts that the developer rejected.
Fox Newspolitics1 day ago
9/11 Memorial Museum Opens Exhibition Linking 25th Anniversary of Attacks to U.S. 250th Anniversary
The 9/11 Memorial Museum has launched an exhibition of flags and artifacts to mark the 250th anniversary of the United States alongside the 25th anniversary of the Sept. 11 attacks. President and CEO Elizabeth L. Hillman outlined plans for July 4 observances and free veteran admi…
news.sky.comai2 days ago
Palantir CEO Says Frontier AI Models Oversold as OpenAI Posts Losses
Forbes reported that Palantir CEO Alex Karp stated on July 1 that frontier models had been oversold and that enterprise customers paid for tokens generating no value. OpenAI recorded a $20.9 billion operating loss on $13.07 billion of revenue in 2025. The company closed a $122 bi…
Fox Newsai2 days ago
OpenAI Proposes 5 Percent U.S. Government Stake if Rivals Also Agree
OpenAI CEO Sam Altman has discussed offering the U.S. government a 5 percent equity stake. The proposal requires similar contributions from rivals including Anthropic and Meta.
ai2 days ago
AI Teams Route Tasks Across Multiple Models to Balance Cost and Performance
Managers at AI startups direct engineers to use different models depending on task difficulty. Coinbase CEO Brian Armstrong projected that 80 percent of workloads will shift to cheaper models within 12 to 18 months. Model router adoption among firms rose from 1 percent last year…
deadline.combusiness2 days ago
JPMorgan Elevates Two Executives to Co-Presidents and Announces Retirement of Consumer Banking CEO
Fortune reported that JPMorgan elevated two executives to co-presidents while announcing the retirement of consumer banking CEO Marianne Lake. The move follows years of internal succession planning under CEO Jamie Dimon.
cnbc.comfinance3 days ago
JPMorgan executive retires after bank names two co-presidents
A senior JPMorgan executive is retiring after learning three days before a public announcement that two colleagues had been elevated above her in the CEO succession process. She will forgo approximately $50 million in unvested stock by leaving before the shares vest.
forbes.compolitics3 days ago
Boohoo CEO Ends Remote Work for 1,500 Head Office Staff
The chief executive of Boohoo Group has directed all head office employees to return to the office five days a week. The policy change applies to staff at the Manchester-based retailer that owns Pretty Little Thing and Debenhams.
Fortunebusiness3 days ago
Nissan Narrows Annual Loss to 533 Billion Yen but Revenue Falls 5 Percent and Forecasts Modest Profit
Nissan reported a 533 billion yen net loss for the fiscal year ending March 31 2026, down from 671 billion yen the prior year. New CEO Ivan Espinosa unveiled cost cuts and a return to modest profit next year.
sports4 days ago
Michael Rubin Holds Annual White Party in Hamptons on July 2
Fanatics CEO Michael Rubin held his yearly all-white event Wednesday in the Hamptons. Athletes and musicians including Kevin Durant, Jay-Z and Cardi B attended.
ai3 days agoUpdated
Meta CEO Says AI Agent Progress Lags Expectations but Expects Benefits Within Three to Six Months
Mark Zuckerberg told employees Thursday that development of AI agent technology has fallen behind internal targets. The company also paused a mandatory employee monitoring program last month after a leak and cut 10 percent of its workforce in May.
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cnbc.combusiness4 days ago
Ford CEO Calls for USMCA Rewards for Domestic Production as Most Automakers Urge Pact Extension
Ford CEO Jim Farley urged rewards for domestic vehicle production and penalties for heavy importers under revised USMCA terms. The comments came as the Trump administration shifted to annual reviews that could end the pact by 2036.
wealthmanagement.combusiness4 days ago
Brookfield to Convert Part of Canary Wharf into Data Centers
Brookfield Asset Management will develop data centers at Canary Wharf in London, CEO Connor Teskey told CNBC. The firm co-owns the district and already operates a multi-gigawatt global portfolio of such facilities.
Cnbcai4 days ago
Robinhood CEO Predicts AI Agents Will Match Human Traders as Firm Cuts 10% of Staff
Vlad Tenev outlined plans to extend institutional-grade AI trading tools to retail users. The comments came as the company expanded crypto offerings in Europe and reported recent stock gains.
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focustaiwan.twworld5 days ago
Bank Hapoalim CEO: Defense Budget Control Key Challenge for Next Government
@Jerusalem_Post reported that Yadin Antebi addressed EY’s annual real estate conference on July 2, 2026. He linked defense spending levels to future living standards and described infrastructure and data center projects as continuing priorities.
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The Vergetechnology5 days ago
Krafton Settles Dispute with Subnautica 2 Developer Unknown Worlds
Krafton reached a settlement with Unknown Worlds Entertainment after a year-long legal fight. The agreement includes staff bonuses and the departure of reinstated CEO Ted Gill.
cointelegraph.comfinance5 days ago
Former Goliath Ventures CEO pleads guilty to fraud and money laundering
Christopher Alexander Delgado admitted to running a crypto investment scheme that raised at least $400 million. He faces up to 50 years in prison and agreed to forfeit luxury assets.
earther.gizmodo.comai5 days ago
Palantir CEO says AI sales approach has gone wrong
Palantir CEO Alex Karp stated on CNBC that something has gone completely wrong with how AI is sold. He spoke during an appearance on Squawk Box about a new Nvidia partnership and frontier AI models.
abcnews.go.comai5 days ago
UN and ITU form AI commission with tech CEOs and heads of state for July Geneva meeting
The United Nations and International Telecommunication Union formed the AI for Good Global Commission to develop global AI rules. Co-chairs Marc Benioff and Paul Kagame will lead the first meeting on July 8 in Geneva with tech executives and officials from multiple countries.
espn.comsports6 days ago
Jusuf Nurkic Agrees to Two-Year Contract with Utah Jazz
Free-agent center Jusuf Nurkic will return to the Utah Jazz on a two-year, $22 million deal. The agreement was reached Monday after Jazz officials negotiated with Klutch Sports CEO Rich Paul.
ai6 days ago
Meta CEO Predicts AI Will Create Jobs if Productivity Outpaces Automation, as Company Cuts 8,000 Roles
Mark Zuckerberg argued during a Complex interview that AI will create more jobs if workers boost output faster than automation advances. He also discussed Meta's recent AI investments and May layoffs that cut roughly 8,000 roles.
The Guardiantechnology6 days ago
Tech-linked donations reach $2 million in Colorado House primary
Democratic candidate Manny Rutinel has received at least $2 million from committees backed by former Google CEO Eric Schmidt and crypto executive Chris Larsen. The spending has made the race one of the costliest in the state.
bloombergquint.comworld6 days ago
Target to Track Store and Warehouse Worker Tardiness and Absences with Points System Starting in September
Target will assign points for unexcused lateness and absences among store and warehouse staff beginning in September, with termination possible at 12 points. The policy arrives under new CEO Michael Fiddelke as the $63 billion retailer seeks sales growth.
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politics6 days ago
Comcast Plans to Split From NBCUniversal to Operate as Separate Companies
Comcast will separate from NBCUniversal in a transaction expected to take about a year. Co-CEO Brian Roberts said the move positions each company for independent value creation and organic growth. Analysts noted potential future M&A activity in media and cable sectors.
espn.comsports7 days ago
Juventus Evaluating Multiple Goalkeepers Including Martínez and Vicario
Juventus CEO Carnevali said the club views Dibu Martínez as a strong candidate but is assessing several profiles for the goalkeeper position. The club is also considering Guglielmo Vicario among other options.
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americanbanker.combusiness7 days ago
FundBank Group rebrands as IRACE Digital and acquires Tenet Bank
FundBank Group has rebranded as IRACE Digital and acquired Cayman Islands-based Tenet Bank. Former Zodia Custody CEO John Cronin was appointed global CEO as the firm expands into digital asset custody and related services.
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livemint.combusiness7 days ago
JPMorgan Chase Names Petno and Rohrbaugh Co-Presidents After Consumer Banking CEO Retires
JPMorgan Chase elevated Doug Petno and Troy Rohrbaugh to co-presidents last week. The moves position the pair to compete for the CEO role held by Jamie Dimon. Marianne Lake announced her retirement from the consumer banking unit.
gamesindustry.bizscience7 days ago
Nvidia Posts Job for Space-1 Software Architect with Base Salary up to $431,250
The chipmaker seeks a principal architect to develop radiation-resistant software for its orbital AI system unveiled in March. CEO Jensen Huang noted that space computing economics remain challenging but are expected to improve.
business7 days ago
Coinbase CEO Outlines Five Steps to Cut AI Spending While Raising Usage
Coinbase CEO Brian Armstrong detailed five tactics to lower AI costs on Friday. The steps include defaulting to cheaper open-weight models from Chinese labs and giving engineers visibility into their token spend. Business Insider reported the post came less than two months after…
Engadgetai8 days ago
OpenAI Shuts Down Sora After Disney’s $1 Billion Investment as YouTube Rolls Out AI Video Tools
YouTube CEO Neal Mohan addressed the sudden closure of OpenAI's Sora app for AI video clips. The platform continues rolling out its own AI features while introducing labeling rules for generated content.
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uctoday.comai8 days ago
Amazon Plans to Hire 11,000 Interns and Graduates in 2026
AWS CEO Matt Garman said the company will continue recruiting entry-level talent next year. He argued that replacing junior roles with AI is not cost-effective and would harm long-term company health.
Techcrunchtechnology8 days ago
NPCI Chief Says AI Could Aid UPI Growth While Market-Share Cap and Low BHIM Share Remain
@techcrunch reported that Dilip Asbe, MD and CEO of the National Payments Corporation of India, discussed AI applications for UPI growth during Mumbai Tech Week 2026. He addressed user acquisition, fraud detection, credit access, and voice interfaces. UPI currently processes over…
The Guardianpolitics9 days ago
KPMG Partners Leaked Client Data to Win Audit Contracts, Inquiry Hears
The Guardian reported that at least three KPMG partners shared confidential Lendlease and Optus information with colleagues pursuing audits at Westpac, Dexus and Telstra. The firm mishandled a 2024 whistleblower complaint, prompting resignations of its former CEO and audit head a…
ai9 days ago
Cloudflare Cuts 20% of Workforce While Engineering Headcount Rises 45%
Cloudflare grew its engineering staff from 1,308 in December to 1,894. CEO Matthew Prince linked the change to AI's effect on job categories within the company.
rationalwalk.comfinance9 days ago
Berkshire Hathaway CEO Becomes U.S. Citizen at Iowa Ceremony
Greg Abel, born in Canada in 1962 and a longtime Iowa resident, was sworn in as a U.S. citizen on June 25, 2026. The naturalization took place at an annual ceremony hosted by a minor-league baseball team before a game in Des Moines.
business9 days ago
JPMorgan Names Rohrbaugh and Petno Co-Presidents
JPMorgan elevated Troy Rohrbaugh and Doug Petno to co-presidents on Thursday. The moves position the pair as leading candidates to succeed CEO Jamie Dimon. Marianne Lake is retiring as head of consumer and community banking.
CoinDeskfinance9 days ago
Ripple CEO says bitcoin remains attractive but criticizes Strategy's funding model
Ripple's chief executive stated that bitcoin retains long-term value while arguing that Strategy's preferred-stock issuance has damaged broader crypto market sentiment. The comments came as Strategy's STRC shares fell to a record low.
Engadgetai9 days ago
Apple hardware VP Paul Meade to join OpenAI as John Ternus becomes CEO
Paul Meade, Apple vice president heading the Vision Products Group, will leave next week to start OpenAI's hardware division. Fletcher Rothkopf will assume many of his duties at Apple.
nationalpost.comworld9 days ago
Crystal Hot Sauce Maker Reports $50 Million in Sales After Covering Multi-Year Shortfall with Owner Funds
Baumer Foods, the producer of Crystal Hot Sauce, reached $50 million in yearly revenue, up 5 percent from the prior year. The 103-year-old company remains under sole ownership of Alvin 'Pepper' Baumer, who became CEO in 2019.
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Semaforbusiness10 days ago
Treasury Secretary Bessent Leads AI Policy Push After Banks Flag Risks to Fed Payment Systems
Scott Bessent met bank CEOs and the Fed chair in April to address risks from advanced models like Anthropic’s Mythos. An executive order later assigned Treasury oversight of a new cyber clearinghouse for AI reviews.
finance10 days ago
Dell Technologies CEO net worth rises to $216 billion
Dell Technologies stock has risen 225 percent this year, lifting the company founder's net worth by about $77 billion. The increase places him fifth on the Bloomberg Billionaires Index.
abcnews.go.comworld10 days ago
Mangione Defense Attorneys Publicize Plea Negotiations
Defense lawyers for Luigi Mangione accused federal prosecutors of leaking details about possible plea discussions to prejudice their client. The report preceded a July 6 hearing in the federal case tied to the December 2024 killing of UnitedHealthcare CEO Brian Thompson.
business11 days ago
JPMorgan Names Petno and Rohrbaugh Co-Presidents
Doug Petno and Troy Rohrbaugh were appointed co-presidents Thursday, positioning them as frontrunners to succeed CEO Jamie Dimon. The move narrows a field that included three women less than two years ago.
Los Angeles Timesfinance11 days ago
Snap CEO and Wife Donate Millions to Erase $550 Million in Medical Debt
Evan Spiegel and Miranda Kerr gave an undisclosed sum to Undue Medical Debt, relieving obligations for 261,000 Californians. The gift targets residents earning at or below 400 percent of the federal poverty level or carrying medical debt exceeding 5 percent of income.
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forbes.combusiness11 days ago
Boardroom CEO Joins Mental Health Nonprofit Board
Rich Kleiman will join the board of Project Healthy Minds. The organization focuses on technology-driven mental health initiatives and already lists several media and sports executives among its directors.
cnbc.combusiness10 days agoUpdated
JPMorgan Chase Names Petno and Rohrbaugh Co-Presidents as Lake Retires
Doug Petno and Troy Rohrbaugh were appointed co-presidents of JPMorgan Chase effective immediately. Marianne Lake is retiring after 25 years, with Rohrbaugh succeeding her as CEO of Consumer & Community Banking.
macaubusiness.combusiness11 days ago
PepsiCo Asia Pacific CEO Says Curiosity Ranks Above Experience When Hiring Junior Staff
Anne Tse stated that PepsiCo values curiosity and learning agility most in junior candidates. Business Insider reported her comments on adapting to technology shifts and consumer changes.
680news.comfinance11 days ago
Disney CEO Josh D'Amaro Lists 10 Direct Reports After March Leadership Change
Josh D'Amaro, who became Disney CEO in March, has ten executives reporting directly to him. Dana Walden serves as president and chief creative officer under the new structure.
ai11 days ago
Palo Alto Networks CEO Says 90 Percent of Employees Lack AI Skills as Company Adds Over 5,000 Hires
Nikesh Arora described workforce challenges at the cybersecurity firm and outlined plans to hire technical staff through hackathons while reducing general and administrative roles over three years. The company has added more than 5,400 employees since the end of fiscal 2025.
news.google.combusiness11 days ago
Maybank Seeks to Raise Singapore Revenue Share from 20% to 30% by 2030
Singapore contributes 20 percent of Maybank’s annual revenue. Country CEO Alvin Lee targets growth through wealth products for an aging population and cross-border financing.
pymnts.combusiness11 days ago
Walmart to Pay $1.4 Billion for French Connected-TV Ad Firm Vibe.co
The deal expands Walmart Connect into connected television and streaming ads aimed at smaller brands. It follows the retailer's 2024 purchase of Vizio and comes under new CEO John Furner.
yardbarker.comsports11 days ago
Cris Cyborg to defend featherweight title against Ketlen Vieira on August 22
Cris Cyborg will defend her PFL featherweight title against Ketlen Vieira on August 22 at Benchmark International Arena in Tampa. The bout marks the final fight of Cyborg's career. PFL CEO John Martin called the event a special conclusion to her championship run.
theyeshivaworld.comtechnology11 days ago
Hang Ten Systems raises $32 million seed round led by Mayfield
Former Infosys CEO Vishal Sikka's new startup announced the funding on Wednesday with backing from Mayfield and Aramco Ventures. The Bay Area company focuses on AI-driven enterprise software development.
nbcnews.compolitics12 days ago
Defense CEOs Meet Trump at White House to Discuss Weapons Output
The CEOs of Boeing, Lockheed Martin and Honeywell met with President Donald Trump on Wednesday. The session addressed ramping up missile production during U.S. operations in Iran. The White House also requested $87.6 billion in supplemental funding from Congress.
thehindu.compolitics12 days ago
NATO Chief Describes Past Exchange Between U.S. President and Defense Contractor CEO
NATO's top official recounted an earlier meeting in which a defense contractor executive appeared shaken after a discussion with President Trump about production issues. The account was shared publicly on social media.
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New York Postbusiness12 days ago
Airline CEO Says More Flights Needed to Lower Ticket Prices
Delta Air Lines CEO Ed Bastian said ticket prices will fall when airlines can operate more flights. He cited air traffic control congestion and recent fuel price increases tied to conflict in Iran.
ai12 days ago
AWS CEO Says AI Will Change About Half of White-Collar Jobs
Matt Garman told the Platformer podcast that artificial intelligence will alter roughly half of white-collar roles without eliminating them. Amazon plans to hire more than 11,000 software interns and early-career engineers globally in 2026.
comicbook.comtechnology12 days ago
Former Disney CEO Says Company Explored Twitter, Apple, and James Bond Acquisitions
Bob Iger said Disney considered buying Twitter before Elon Musk's 2022 purchase and discussed a merger with Apple. The company also pursued the James Bond franchise, which Amazon later acquired.
ai13 days ago
Stanford Graduates Hear Google CEO Address While Some Students Walk Out in Protest
At least 200 graduates left Stanford Stadium while Sundar Pichai spoke, chanting and carrying signs critical of Google contracts. Graduates voiced mixed opinions on artificial intelligence after the ceremony.