Browsing: Finance
Elon Musk has started work toward his $1 trillion Tesla pay package. But 2 loopholes foreshadow how it could be a bust for shareholders
The $1 trillion pay package for CEO Elon Musk that Teslashareholders approved on Nov. 6—the world’s first—was labeled by the…
OpenAI says it plans to report stunning annual losses through 2028—and then turn wildly profitable just two years later
OpenAI is plotting a dramatic arc toward profitability through the end of the decade, but that growing won’t come without…
Bank of America CEO sees a ‘huge opportunity’ in the U.S. wealth business and ultra-high net worth
Bank of America is betting big on its wealth and investment management business, essentially leaning further into the top echelons…
Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade
Bank of America’s annual spending on new, strategic technology initiatives, which includes investments in artificial intelligence, has increased by 44%…
The 30-year-old obsessive networker who is dominating a wildly profitable niche on Wall Street known as ‘directs’
It was August 2023, and Matt Swain had five offers on the table for Triago, the company where he’d recently…
Banking and financial services are industries where being on the bleeding-edge of technology is essential. Global players in these markets…
‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out
The vice-chancellor stood at the podium in Oxford’s Sheldonian Theatre, her voice echoing against the carved ceiling: Now go out…
In 2019, a group of fintechs with names like Dave and Varo stood poised to disrupt the U.S. banking giants.…
IMF chief Kristalina Georgieva dismisses impact of Trump trade war: ‘Trade is like water, you put in an obstacle, it goes around it’
The escalating trade clash between the U.S. and China has investors on edge, fearing it could mark the beginning of…
Global selloff underway as traders sour on U.S. government shutdown and doubts about the Fed grow
Stocks sold off in Asia this morning and Europe ticked down as well. U.S. futures were marginally down before the…












