Apple Ceo Tim Cook to Take A 40 Pay Cut This Year
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Apple to launch Vision Pro in China this year, Tim Cook says
Apple will launch its Vision Pro headset in China this year, CEO Tim Cook told Chinese state media.CNBC - Business - China -
The DOJ's Antitrust Lawsuit Against Apple Shows That Tim Cook Is Missing the 1 Thing That Matters Most
The government's case is weird--and seemingly weak--but it could have all been avoided.Inc. - Business -
Op-ed: Why an all-smiles China visit from Apple's Tim Cook isn't good business
Apple CEO Tim Cook's visit to China is in a long line of Western business leader treks to China in search of favor and foothold. It won't work anymore.CNBC - Business - China -
They Chose to Take a Pay Cut---and Say They're Happier
Switching to a job with a lower salary often means trimming your expenses, but it can come with a raise in free time and work-life balance.The Wall Street Journal - World -
In a Bumper Year for CEO Pay, a $161 Million Award Swells to $1.3 Billion
Broadcom boss’s compensation leads the pack in 2023 as big stock gains drive up the value of awards.The Wall Street Journal - World -
In a Bumper Year for CEO Pay, a $161 Million Award Swells to $1.3 Billion
Broadcom boss’s compensation leads the pack in 2023 as big stock gains drive up the value of awards.The Wall Street Journal - Business -
Retired grandmother still owes $108,000 in student debt 40 years after taking out loan
According to the U.S. Department of Education, 43 million Americans owe a collective $1.3 trillion in student loan debt.The Hill - Politics -
Disgraced crypto CEO Sam Bankman-Fried sentenced to 25 years, must pay $11 billion
Sam Bankman-Fried was sentenced to 25 years in prison Thursday for orchestrating what prosecutors have called one of the biggest financial frauds in American history.ABC News - Top stories - Crypto -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
Satisfaction with NHS falls to 40-year low
British Social Attitudes survey reflects impact of strikes and long waiting lists on health service in 2023Financial Times - World -
UBS Pays CEO Sergio Ermotti $15.6 Million
The bank hailed his “excellent performance in a defining year” for Switzerland’s largest bank by assets. Ermotti was recruited last April to serve as CEO for a second time.The Wall Street Journal - World -
After 40 Years, Ghostbusters Is Now A Billion-Dollar Film Franchise
Ghostbusters has officially crossed the $1 billion threshhold as the latest entry in the series, Ghostbusters: Frozen Empire, had a $45.2 million opening weekend in the US. Meanwhile, Dune: Part Two earned $17.6 million at the US box office, ...GameSpot - Tech -
Report: 40 Percent of Managers Hope to Replace Some Workers With AI This Year
'Alexa, does my manager think they can replace me with an AI?' 'Yes. In fact, please pack your desk now. And have a nice day.'Inc. - Business -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Fed’s Goolsbee expects three rate cuts this year
Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.MarketWatch - Business -
UBS Pays CEO Sergio Ermotti $15.6 Million for Answering 'Call of Duty'
UBS gave Chief Executive Sergio Ermotti a $13.6 million bonus, hailing his “excellent performance in a defining year” for Switzerland’s largest bank by assets.The Wall Street Journal - World -
In 1 Sentence, Chipotle CEO Brian Niccol Just Taught a Masterclass in Leadership. Every CEO Should Pay Attention
Chipotle is planning a 50-to-1 stock split because its share price ise up more than 550 percent.Inc. - Business -
Less than 40 percent of young Black voters say they will vote this year: Poll
A new poll has found that less than 40 percent of young Black voters are motivated to vote in November’s election. The poll, conducted by In Our Own Voice: National Black Women's Reproductive Justice Agenda with PerryUndem and released on Monday, ...The Hill - Politics -
40 Years After ‘Footloose,’ Kevin Bacon Just Agreed to Go to Prom at the High School Where it Was Filmed
Payson High School, where the movie was filmed, will be torn down after this school year.Inc. - Business -
Boeing CEO Dave Calhoun to Step Down in Wake of 737 MAX Struggles
Calhoun is set to leave his post at the end of the year. Boeing said its chairman won’t stand for re-election.The Wall Street Journal - World -
Boeing CEO Dave Calhoun to step down by end of year
Boeing CEO Dave Calhoun has announced he will step down by the end of 2024 after a wave of concerning safety incidents in recent months. CBS News senior transportation correspondent Kris Van Cleave has more.CBS News - Top stories -
Walgreens to cut costs by $1 billion this year, with layoffs and store updates
Walgreens’ stock seesawed around the flatline Thursday, after the drugstore chain swung to a large quarterly net loss and trimmed its full-year outlook, but also reported the biggest beat for quarterly adjusted profit in at least five years.MarketWatch - Business -
Ghost of Microsoft Stalks Apple as DOJ Takes Its Shot
Bill Gates has said his legal battle distracted him from the rise of mobile.The Wall Street Journal - Business - Microsoft -
E.U. Takes Aim at Alphabet, Apple and Meta in Wide-Ranging Investigations
The inquiries signal the bloc’s intention to tightly enforce sweeping new competition rules that took effect this month.The New York Times - Business - Apple -
Parent of FTX victim who lost $130,000 asks judge to go easy on SBF, suggests six years in prison versus DOJ's 40-50
Defense submitted additional character references to the court as Judge Lewis Kaplan nears a decision on Bankman-Fried's sentence.CNBC - Business -
The best- and worst-paying college majors, 5 years after graduation
Engineer majors earn double that of liberal arts majors five years after college.CNBC - Business -
U.S. CEO Bill Anderson Replaces Managers with Employee Teams to Rejuvenate 160-Year Old Bayer
Bayer CEO Bill Anderson is eliminating scores of management jobs and giving power to employee teams torevitalize the 160-year-old company's slowing business.Inc. - Business -
In surprise leadership shakeup, Sundance Institute CEO steps down after 2.5 years
Joana Vicente, who joined Sundance Institute from the Toronto International Film Festival in 2021, will be replaced by acting CEO and institute board member Amanda Kelso.Los Angeles Times - Entertainment -
Boeing’s outgoing CEO David Calhoun got millions in extra awards just a year ago
If you want to get a fascinating insight into the crisis that has enveloped Boeing, look no further than the company’s filings relating to executive compensation — or, some might say, executive plunder.MarketWatch - Business -
Nissan looks to address 'extreme market volatility' with 30 new models, EV cost cuts
Nissan is targeting an additional 1 million unit sales in the next three years and a 30% reduction in electric vehicle production costs by 2030.CNBC - Business -
Stocks surge after Fed indicates three rate cuts still coming this year
The S&P topped 5,200 for the first time Wednesday after the Federal Reserve said it was still targeting three rate cuts in 2024. Markets had feared hotter-than-expected inflation and jobs data would persuade the Fed to trim its timeline.CNN - Top stories - Federal Reserve -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
FAU's May gets 5-year deal to take over Michigan
Florida Atlantic's Dusty May has been hired as the next men's basketball coach at Michigan, agreeing to a five-year contract that averages $3.75 million annually.ESPN - Sports -
Meet the 80-Year-Old Grandmother Who's Taking On Venezuela's Maduro
Corina Yoris has been plucked out of her quiet life in academia to challenge Maduro in July’s presidential election—if she isn’t banned from participating first.The Wall Street Journal - World -
Chinese-made EVs set to take 25% of European market this year
EU car manufacturers warn that a wave of cheaper models from China will undercut those produced by local companiesFinancial Times - World -
NASCAR Power Rankings: Ty Gibbs takes over the lead as his Year 2 breakout takes shape
Gibbs has five top 10s in a row, including three top fives, amid his recent hot streakCBS Sports - Sports - NASCAR -
Tim Davie calls for BBC licence fee reform
Director-general says ‘fundamental questions’ need to be asked as corporation battles flagging demandFinancial Times - World -
Paxton to pay restitution, do community service, take ethics classes to avoid trial and have charges dropped
The Texas attorney general agreed to pay nearly $300,000 in restitution as part of the agreement with prosecutors.CBS News - Politics -
Should we pay cash for a $900,000 dream retirement home or take out a 6.5% mortgage?
When borrowing costs are high, cash deals can be enticing — but they can also eat up a nest egg.MarketWatch - Business -
Questions for each Big 12 football team in spring: How Colorado, Deion Sanders take the next step in Year 2
One key spring question for every Big 12 team, from Arizona to West VirginiaCBS Sports - Sports