CNN Chief Executive Officer Chris Licht has stepped down from the cable news channel after a brief and tumultuous tenure at the company.
The move marks a swift downfall for Licht, a longtime television executive who in 2022 replaced CNN’s well-liked leader, Jeff Zucker, who had failed to disclose a consensual relationship with a longtime co-worker.
Licht’s departure is i…
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On the night of Jan. 17, a line of people began to form on Colonial Drive in Orlando, Fla. They weren’t waiting to enter a nightclub or a concert, but to be the first customers of a branch of Philippine fried chicken chain Jollibee opening the next day. It was a similar scene to when Jollibee’s flagship U.S. store opened in August 2022 at Times Square in Manhattan.
To some, th…
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Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion, said that bankruptcy was a possibility, according to a person familiar with the matter.
Yoel Roth and Robin Wheeler, two executives who until today had emerged as part of Elon Musk’s new leadership team, have resigned, according to another person familiar with the matter, who aske…
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International Monetary Fund Managing Director Kristalina Georgieva was called out Thursday by the World Bank, her previous employer, for applying pressure to boost China’s position in a ranking of economies.
The chief executive officer of hit video app TikTok suggested Elon Musk and Twitter Inc. are heading down a risky path.
Shou Zi Chew, whose company has come under fire from U.S. officials, emphasized the importance of investing in sufficient staff to handle content moderation and security. He made the comments in response to questions about whether TikTok could operate effectively if it f…
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Sam Bankman-Fried loved living in the Bahamas. Shacked up in his luxury penthouse with nine FTX colleagues, he could wander Nassau without being hassled.
And the Bahamas loved Bankman-Fried, the prestige of his crypto empire and the potential fortunes that it would bring.
Their relationship, which had seemed innocuous, is now under the spotlight after FTX’s rapid demise, with …
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Snap Inc. is planning to lay off about 20% of its nearly 6,500 employees following weeks of planning, the Verge reported.
Job cuts will begin on Wednesday with the team working on Minis, small applications made by third-parties which run in the Snapchat app, affected the most, the report said. Zenly, the company Snap acquired in 2017 for social mapping, will also be affected by the workfo…
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U.S. employers added more jobs in June than forecast and the unemployment rate held near a five-decade low, suggesting hiring needs are so far eclipsing concerns about the economic outlook.
Nonfarm payrolls rose 372,000 last month following a revised 384,000 in May, a Labor Department report showed Friday. The unemployment rate held at 3.6% and average hourly earnings rose 0.3% from a mon…
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Earlier this year, I spent time in Texas report…
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Sam Bankman-Fried, the former FTX CEO who was hailed as crypto’s savior just a few months ago, has been charged by U.S. regulators with defrauding investors after he was arrested overnight in the Bahamas on criminal charges. Bankman-Fried lives in the Bahamas but will be extradited to the U.S., where he will face federal charges from a sealed indictment that is set to be opened on Tuesday…
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