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Business

Intel CEO Pat Gelsinger Announces Retirement, Company Names Interim Co-CEOs

Intel Corp. announced on Monday that its CEO Pat Gelsinger retired effective December 1. The company named CFO David Zinsner and Intel Products chief Michelle Johnston Holthaus as ...

Business

MicroStrategy Adds 15,400 Bitcoins to Its Holdings in $1.5 Billion Purchase

MicroStrategy Inc. has acquired approximately 15,400 Bitcoins for around $1.5 billion in cash, increasing its total Bitcoin holdings to around 402,110. The company also sold shares...

Business

Supermicro Investigation Clears Management, Announces CFO Replacement

Super Micro Computer, Inc. announces the completion of an independent investigation led by a special committee formed in response to concerns raised by Ernst & Young LLP. The findi...

Business

Stellantis and Samsung Join Forces for Massive EV Battery Production in Indiana

The United States Department of Energy has pledged up to $7.54 billion for a joint venture between Stellantis and Samsung SDI to establish two lithium-ion battery manufacturing pla...

Business

2025 Global Auto Industry Outlook: Stable Growth Amidst Challenges

Fitch Ratings projects a 2% increase in global light vehicle sales for 2025, maintaining a neutral outlook. Challenges in Europe and China due to macroeconomic pressures will resul...

Business

Unilever Plans to Offload $1 Billion Worth of Food Brands

Unilever plc CEO Hein Schumacher announced the company's intention to sell several food brands with a combined turnover of about $1 billion. This move is part of Unilever's effort ...

Business

Coinbase Integrates Apple Pay for Seamless Crypto Purchases

Coinbase Global has integrated Apple Pay, allowing users to buy cryptocurrencies through Coinbase Onramp using the payment option. The announcement led to a 2.61% increase in Coinb...

Business

Meloni: Italy's Government to Stay Neutral in Stellantis Leadership Talks

Italian Prime Minister Giorgia Meloni stated on Monday that the government does not want to engage in the ongoing management changes at Stellantis NV as the carmaker announced the ...