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Deutsche Bank Selloff Focuses Attention on Credit-Default Swap Market
Markets Finance The cost of insuring the German bank’s debt against default surged last week Source link
Who is Sergio Ermotti? The Banker Tasked With Saving Swiss Banking
Markets Finance Sergio Ermotti, who remade UBS into one of Europe’s strongest banks, is returning to handle the messy integration of Credit Suisse Source link
Disney Lays Off Marvel Entertainment Chairman Ike Perlmutter
Business Media & Marketing The Nelson Peltz ally remains one of Disney’s largest individual shareholders Source link
Generative AI Is Already Changing White-Collar Work as We Know It
Executives from Walmart, ZipRecruiter, Yelp and other companies detail how they are thinking about and experimenting with ChatGPT. Source link
Warner Music Group to Cut 4% of Workforce
The label behind Ed Sheeran and Madonna will eliminate 270 jobs as it repositions toward growth in technology. Source link
Macy's CEO to Retire, Give Reins to Bloomingdale's Boss
The transition comes at a time of upheaval for retailers as high inflation pinches consumers and pushes up manufacturing costs. Source link
Exxon's Climate Opponents Were Infiltrated by Massive Hacking-for-Hire Operation
A charity created by some Rockefeller heirs is among the groups targeted by hackers. The oil giant hasn’t been accused of wrongdoing. Source link
AI Experts Call for Pause in Technology's Development
Tesla CEO Elon Musk and AI pioneer Yoshua Bengio are among those who want a moratorium of at least six months to set safety standards
Starbucks's Schultz to Testify About Negotiations With Unions
Howard Schultz, who stepped down as CEO this month, is expected to defend the coffee chain against accusations it has retaliated against pro-union workers. Source
Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says
Markets Finance The Swiss bank failed to disclose transfers linked to a continuing tax conspiracy, according to a Senate investigation Source link