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Struggling Italian carmaker Stellantis has ousted its CFO and confirmed its 66-year-old CEO will retire in two years in a major overhaul as the group tries to turn around a disastrous performance in the U.S. The group confirmed its chief financial officer Natalie Knight would leave the company after just 18 months in the job.…
The most far-reaching of Ohio’s laws restricting abortion was struck down on Thursday by a county judge who said last year’s voter-approved amendment enshrining reproductive rights renders the so-called heartbeat law unconstitutional. Enforcement of the 2019 law banning most abortions once cardiac activity is detected — as early as six weeks into pregnancy, before many women know they’re pregnant…
Alexandre Arnault, one of LVMH CEO Bernard Arnault’s children, is set to become the deputy chief of the French luxury conglomerate’s main spirits brand, Moët Hennessy. The 32-year-old Alexandre, who has had executive roles at LVMH-owned brands Tiffany and Rimowa, will soon head the wine and spirits division as part of a broader leadership shuffle…
When investing your hard-earned cash, there’s often a trade-off between returns and volatility. Low-volatility assets–like bonds and money market funds–offer modest returns compared to investments like stocks or crypto, which can experience significant fluctuations in price. Both types of investments, however, have a place in a diversified portfolio. Since the Fed raised its benchmark rate…
The struggling auto giant Stellantis said late Thursday that its CEO Carlos Tavares will retire in 2026 when his contract runs out and it is now looking for a successor. The US-French-Italian company whose brands include Chrysler, Citroen, Fiat and Jeep is going through a rough patch, in particular with sales in North America, its…
America’s late night talk shows once were appointment viewing, but with ratings tanking and ad revenues plummeting, their coveted place on the small screen is in question. The hosts of yesterday and today — comedians from Johnny Carson and Jay Leno to Jimmy Fallon and Jon Stewart — are household names, and their jokes were…
Many workers fear the ever-tightening crunch of AI, but Marc Andreessen thinks you needn’t worry (at least if you’re a software engineer). Much like a toddler starting to walk, AI needs a guiding hand—and the general partner of venture-capital firm Andreessen Horowitz, otherwise known as a16z, thinks that will end up being in some of…
Investing in the stock market can be a great way to build long-term wealth. It can also be an income stream for some investors, depending on the kind of assets they invest in. One way investors earn money is through buying stocks, holding them for an extended amount of time, and selling them once they’ve…
There’s no doubt that everyone’s talking about DEI right now. But are they asking the right questions? Not according to Alphonso David, president and CEO of the Global Black Economic Forum. At Fortune‘s Impact Initiative conference earlier this week, he weighed in on the current state of workplace inclusion, and fears over DEI rollbacks. That…