Barry Sternlicht, chairman and CEO of Starwood Capital Group, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, on May 7, 2024. David Swanson | Reuters Barry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from his…
A view of Google Headquarters in Mountain View, California, United States on April 16, 2024. Tayfun Coskun | Anadolu | Getty Images Eli Lilly Chief Financial Officer Anat Ashkenazi will become Alphabet’s new CFO effective July 31, Google’s parent company announced Tuesday, almost a year after Alphabet first announced that current CFO Ruth Porat would…
Ron Baron, founder of Baron Capital Anjali Sundaram | CNBC Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial $56 billion pay package. The Baron Capital chairman and CEO said Musk’s compensation contract in 2018 included “aggressive” performance metrics that few believed could be…
Check out the companies making headlines before the bell. CrowdStrike — Shares soared 10% after the cybersecurity firm posted better-than-expected first-quarter results and strong guidance. CrowdStrike reported adjusted earnings of 93 cents per share on $921 million in revenue, which was higher than the 89 cents on $905 million in revenue analysts polled by LSEG…
Raman Bhatia, incoming chief executive officer of Starling. Bhatia moved over from OVO Energy Ltd., where he was CEO. Zed Jameson | Bloomberg | Getty Images AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through its software business, the incoming CEO said, in a…
The Texas flag is seen before the game between the Houston Cougars and the Texas Longhorns at TDECU Stadium on Oct. 21, 2023 in Houston. Tim Warner | Getty Images Sport | Getty Images BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas. TXSE…
Westend61 | Westend61 | Getty Images AMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and is targeting an initial public offering in the next 18 months. The fundraising round was led by an undisclosed Southeast Asian sovereign wealth fund and backed by venture capital…
Check out the companies making headlines in after-hours trading: CrowdStrike — The cybersecurity company jumped 7% after offering better-than-expected quarterly results and guidance. CrowdStrike posted adjusted earnings of 93 cents per share and $921 million in revenue for the first quarter, topping forecasts of 89 cents per share in earnings and $905 million in revenue…
Check out the companies making headlines in midday trading: Bath & Body Works — Shares of Bath & Body Works sank 14% and headed for their worst day since 2021. The retailer beat first-quarter earnings and revenue estimates but offered disappointing second-quarter guidance. Bath & Body Works expects earnings to range between 31 cents and…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. Fast forward to this week, and his net worth has ballooned to over $289 million. The meme stock leader, who can move the stock by simply posting…
