New Apple CEO John Ternus is reportedly planning layoffs as he seeks to reshape the iPhone maker.
It’s almost a rite of passage: as soon as a new CEO ascends to the top job, they fire people. They do this primarily to send a message to the organization to step up its efforts, in part to look good at earnings time. The other reason is to align…
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Does David Ellison nominate Ynon Kreiz for role at Paramount Warner Bros?
Could David Ellison turn to a veteran CEO to join the combined Paramount-Warner Bros? The Hollywood Reporter has learned that Kreiz told Mattel’s board of directors that he is leaving the toy giant to take a senior position at David Ellison’s…
Stellantis CEO reconfirms 2026 forecast as stocks hit new low
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, November 25, 2025. Danièle Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa reconfirmed the company’s 2026 forecast and long-term cash flow targets on Wednesday, as the…
Is Iran losing its influence over the Strait of Hormuz? – aljazeera.com
Is Iran losing its influence over the Strait of Hormuz? aljazeera.com Iran loses grip on Strait of Hormuz as US calls on Americans to vote against Trump Fox News How the United States moved its oil shipments and what it would take to bring prices down…
The US economy grew 2.2% in the second quarter, according to a report from the Commerce Department
Cheryl Casone moderates discussions on U.S. economic growth and the AI regulation debate. Treasury Secretary Scott Bessent predicts economic acceleration, while EJ Antoni analyzes inflation. This is a story about the final reading of the second quarter…
Eli Lilly obesity drug containing amylin and tirzepatide boosts weight loss in trial
Elie Lilly said Wednesday that its experimental combination regimen showed greater weight loss than a high dose of its top-selling drug, tirzepatide, alone in a mid-stage trial of patients with obesity and type 2 diabetes. The combination therapy…
Six Flags Magic Mountain permanently closes X2 after brain injury lawsuits
Find out what clicks on FoxBusiness.com. Six Flags Magic Mountain announced Tuesday that it is permanently closing the popular X2 roller coaster after several lawsuits allege some riders suffered serious brain injuries. The Southern California theme park…
Regulating AI ‘not the right place to start’, says Bailey – BBC News Africa
Regulating AI is ‘not the right place to start’, says Bailey BBC Bank of England warns AI valuations face greater correction risk qz.com We need a ‘right to intervene’ in AI amid growing threat, says Bank of England boss The…
Mattel CEO Ynon Kreiz to resign before holiday season
It’s the end of an era at Barbie maker Mattel (MAT). Longtime CEO Ynon Kreiz will step down as CEO effective October 2. He will be replaced by Roger Lynch, member of the board of directors. Kreiz has been CEO of Mattel since 2018. Mattel shares…