CEO pay at many of the biggest companies in the U.S. has snowballed over the past decade to levels hundreds or even thousands of times higher than median salaries — and in a lot of cases, the higher compensation isn’t reflected in financial performance. That applies to the financial services...
Check out the companies making headlines in extended trading. Cisco Systems – Shares tumbled nearly 11% after the digital communications company offered worse-than-expected guidance for the current quarter and full year. That pulled attention away from a strong report for the fiscal first quarter, with Cisco beating the consensus...
House legislation to fund the Department of Labor contains provisions to kill the agency’s proposal to raise investment advice standards for retirement accounts, but the effort to scuttle the regulation faces strong opposition from Democrats. While the financial industry is trying to stop the p Learn more about reprints and licensing...
Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.Adam Galica | CNBCCisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter...
Stan And Kyle From The Episode "Clubhouses."Getty Images | Hulton Archive | Getty ImagesA judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series "South Park."New York state Supreme Court Justice Margaret Chan said...
The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty ImagesThe Federal Aviation Administration has cleared Elon Musk's SpaceX to launch the second spaceflight attempt of its towering Starship rocket, the...
After two acquisitions so far this year, AlTi Global Inc., the giant registered investment advisor that targets wealthy clients, continues to see potential mergers and acquisition targets on the horizon. With $68 billion in client assets, AlTi Global has had a busy year. Since its merger wit Learn more about...
AI can help customers, but can it help the bottom line? An increasing number of fintechs claim to be using artificial intelligence to get ahead. Just how many of them are truly using the technology to improve the experience for their customers, however, is less clear. In the spend management space...
InvestmentNews' inaugural 5-Star Fund Providers and 5-Star Research Platforms is now open. How will you rate your fund providers and investment research platforms? By taking a few minutes to complete the surveyy,you’ll be helping financial and investment professionals make better-informed de Learn more about reprints and licensing for this article.
United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker's full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023.James Breeden | ReutersDETROIT – The United Auto Workers' tentative agreement with General Motors is back on...