Carlos Tavares Steps Down as CEO of Jeep Maker Stellantis; Shares Fall Sharply

Why Stellantis’ chief executive Carlos Tavares was axed

Portuguese boss refused to budge on pace of EV transition as cries from suppliers, workers and government grew louder

Financial Times - 2d

Stellantis and Intel heads resign, adding to record-breaking CEO step-downs this year

A record number of CEOs have left their roles in 2024, according to an analysis by a career transitioning firm. Stellantis and Intel's CEOs contributed to the trend this week as the companies face ...

CBS News - 18h

Prudential Financial CEO Charles Lowrey to Step Down

Andrew Sullivan, head of international businesses and global investment management, will succeed him.

The Wall Street Journal - 21h

Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles

Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.

The New York Times - 1d

High-profile South Korean cabinet ministers offer to resign

Moves pile pressure on President Yoon Suk Yeol to leave office after failed attempt to impose martial law

Financial Times - 2h

South Korean won falls sharply against the U.S. dollar after president declares martial law

South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared martial law.

CNBC - 1d

Why Making the Same Decisions Over and Over Led Stellantis’ CEO to Resign

The departure of Carlos Tavares from the automotive giant he helped create follows his inability to move on from previously successful strategies when faced with new, shifting challenges.

Inc. - 1d

How Stellantis CEO's Cost-Cutting Mantra Cost Him His Job

Carlos Tavares’s abrupt exit from the Jeep maker came amid concerns over his renewed efficiency drive.

The Wall Street Journal - 1d

LPGA Commissioner Mollie Marcoux Samaan to step down in January

ABC News - 2d

Foot Locker Shares Fall After Retailer Cuts Full-Year Outlook

Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter. Shares of the retailer fell.

The Wall Street Journal - 3h

Meloni says Italy aims to protect jobs after CEO of Fiat owner Stellantis quits

Company is at loggerheads with Italian government, which claims it has not invested enough in the country. Business live – latest updates The Italian prime minister, Giorgia Meloni, has said ...

The Guardian - 1d

LPGA commissioner Mollie Marcoux Samaan to step down from role after leading tour's significant growth

Marcoux Samaan served as the league's ninth commissioner

CBS Sports - 2d

Mollie Marcoux Samaan stepping down as LPGA commissioner after 3 1/2 years of record prize money

Mollie Marcoux Samaan is leaving after more than three years as LPGA commissioner

ABC News - 1d

Calls for South Korean president Yoon Suk Yeol to step down after martial law chaos – live

Yoon completes dramatic U-turn by lifting martial law hours after announcing it, after unanimous vote from MPs against the measure and widespread outcry. The White House has said it is “closely” ...

The Guardian - 15h

3 Top CEOs Share Their Best Cash-Flow Tips

How the executives behind UrbanStems, Luminary, and FinCore stay on top of their business’s budgets.

Inc. - 1d

DealBook Summit Live Updates: Fed Chair Jerome Powell Is Speaking Now

Earlier, Bill Clinton defended President Biden’s pardon of his son, while Sam Altman discussed the future of artificial intelligence. Jeff Bezos, Prince Harry and Sundar Pichai are among those ...

The New York Times - 3m

EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers

European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.

The Wall Street Journal - 2h

As global defense spending surges, South Korean arms makers look like a clear winner

A steady increase in global expenditure, combined with growing geopolitical uncertainties has provided South Korean arms makers with larger global markets.

CNBC - 8h

Will credit card interest rates fall this December?

Credit card rates are sitting at a record high right now, but will they drop lower this month? Here's what to know.

CBS News - 2d

Gold prices are supposed to fall by this measure — but there’s ‘no guarantee’

A “revival” in Chinese demand for gold and central-bank purchases are likely to lead gold prices a bit higher next year despite expectations for a stronger dollar and rise in Treasury yields, ...

MarketWatch - 2d

South Korean parliament votes to block martial law

Markets fall as lawmakers and the head of state wrestle for control

Financial Times - 23h

What makes the US truly exceptional

Are American pathologies the necessary price of economic dynamism?

Financial Times - 1d

Tesla's China Sales Fall as Competition Heats Up

The U.S. electric-vehicle maker’s China-made car sales fell 4.3% in November.

The Wall Street Journal - 1d

Stripping Down for a Night at a French Museum

To report on an unclothed visit to an exhibition about social nudism, a Times journalist chose to join the party. Her mother did, too.

The New York Times - 3h

Brad Keselowski takes 'natural next step' with RFK Racing expansion for 2025

The NASCAR Cup Series’ return to the race track sits exactly two months away, when the season-opening Clash exhibition marks the unofficial kickoff of the 2025 campaign. For RFK Racing team ...

Yahoo Sports - 2d

Hotel lift death turns 'dream holiday into a nightmare'

Tyler Kerry's body was found partially clothed at the bottom of a lift shaft at a hotel in Turkey on Friday

BBC News - 1d

Kospi heavyweight stocks fall in volatile trade amid political chaos

South Korean heavyweight stocks fell in a volatile trading session Wednesday amid market jitters triggered by a political upheaval.

CNBC - 17h

Celtics eliminated from NBA Cup as Magic fall to Knicks

The Celtics were officially eliminated from the 2024 NBA Cup as a result of the Magic's loss to the Knicks on Tuesday night.

Yahoo Sports - 15h

Will mortgage rates fall below 6% in 2025? Here’s what experts say.

The incoming Trump administration’s policies could affect mortgage rates in 2025, real-estate economists say.

MarketWatch - 8h

WATCH: Toddler shares sweet bedtime routine

She does this every night and we swear we're not crying!

ABC News - 1d

Sleep expert shares strategies for better rest

A new Gallup poll shows that over half of Americans don't get enough sleep. Sleep psychologist Michael Breus joins "CBS Mornings" to share tips from his new book, "Sleep. Drink. Breathe."

CBS News - 3h

Campari Names New CEO

The Aperol maker said it would appoint Simon Hunt as its new chief executive officer, months after Matteo Fantacchiotti resigned from the role for personal reasons.

The Wall Street Journal - 10h

EU to crack down on Asian online retailers Temu and Shein

Brussels considering a tax to slow surge of goods sold on sites that evade custom duties and checks

Financial Times - 9h

Intel CEO Gelsinger Retires as Chipmaker Names Interim Co-CEOs

David Zinsner and Michelle Johnston Holthaus were named interim co-leaders after the boomerang executive, who returned to the company in 2021, left the top job.

Inc. - 2d

Young has gone from borderline bust to possible building block

The former No. 1 overall pick has played well since returning from his early-season benching. Now the Panthers need to start building a winning team around hm.

Yahoo Sports - 1d

New Bears coach Thomas Brown preached accountability for a team that needed it — then he went a step further

Brown began his tenure as interim head coach by owning up for some of the team's costly end-of-game mistakes. Then he drove home the message: "it’s about the response."