Nancy Dubuc told Vice Media staff on Friday that she is stepping down as CEO after five years with the company. It is unclear who will replace him. “Today Wakil has a tremendous opportunity in the hands of a new…
When Ajay Banga became chief executive of Mastercard in 2010, he gained membership in a CEO club with a particularly toxic reputation. The United States is still reeling from the financial crisis, and CEO financial public enemy No. There are…
US stocks were on track for their biggest weekly decline in two months on Friday, following the latest evidence of soaring inflation in the world’s biggest economy traders. The S&P 500 fell 1 percent in morning trade while the Nasdaq…
NEW YORK – “He wants to know if he can shake hands,” said translator Roman Horodenskyi as he stood next to the 20-year-old Ukrainian soldier. “He’s only had his arm for two weeks, so he’s still getting used to operating…
The US announced a new round of sanctions on Russian companies, banks, manufacturers and people there, targeting entities that helped Russia evade sanctions earlier in the year-old war against Ukraine. Russia’s metals and mining sector is among those targeted in…
The author is the FT’s contributing editor and writes the Chartbook newsletter In the first 12 months of the war in Ukraine, Russia’s condemnation and Kyiv’s rhetorical support by European and US governments has been strong and largely unanimous. But…
Yeti Holdings’ growth prospects look bleak in the coming months, according to Goldman Sachs. Analyst Brooke Roach downgraded the cooler company’s stock to neutral from buy, citing a backdrop of tougher sales and subdued consumer demand that will hamper growth.…
Finance and artificial intelligence are not like oil and water. There are mixed areas, like expense reports. But when it comes to generative-AI applications such as OpenAI’s ChatGPT, one financial institution takes a pass. This week, there were reports that…
Ukraine’s western allies unveiled new sanctions targeting Russia’s military, industrial capacity and financial sector as they vowed to step up pressure on Vladimir Putin. As Ukraine marked the first anniversary of the invasion on Friday, Britain and the US announced…
British smartphone company Bullitt on Friday launched a new phone that can send text messages through space, joining the frenzied race to commercialize satellite devices. The phone, which fits into the category of durable handsets that are “rigid”, is available…