Elon Musk ‘accountable to no one,’ UK tech minister says amid disinformation during riots
Elon Musk can’t be held to account by anyone, the U.K.’s technology minister said, adding to criticisms of the billionaire from government officials.
Russia hates on the Olympic Games, relishing ‘scandals’ and controversy in Paris
Russia’s media has shunned coverage of the Olympic Games in Paris — unless something has been controversial or gone wrong.
DBS picks insider Tan Su Shan as first female CEO to succeed Piyush Gupta
DBS Group said on Wednesday that Tan Su Shan, the firm’s head of institutional banking, will succeed Chief Executive Piyush Gupta upon his retirement in March.
Sony rules out renewing offer for Paramount, says it wouldn’t fit strategy
Hiroki Totoki, Sony’s chief financial officer, said the tech giant has no plans to submit a revised offer for Paramount.
CNBC Daily Open: Market correction may not be over yet
Dow snaps three-day losing streak. Super Micro sinks on earnings miss. X sues advertisers.
Glencore decides against coal spinoff after talking to investors
Glencore will not spin off its coal business after securing backing from the majority of its investors.
Novo Nordisk shares dip as Wegovy maker posts earnings miss, cuts operating profit outlook
Novo Nordisk on Wednesday announced its second quarter earnings for 2024.
Beyonce, PlayStation games help Sony post a 10% jump in profits
Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.
SoftBank swings back to gains at Vision Fund tech arm, announces up to $3.4 billion share buyback
SoftBank announced it would buy back up to 6.8% of shares available amounting to up to 500 billion yen ($3.4 billion).
Sahm Rule creator doesn’t think that the Fed needs an emergency rate cut
She said, however, there is a good case for a 50 basis point cut, adding that the Fed needs to “back off” its restrictive monetary policy.
