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Yearly Archives: 2023

Wells Fargo CEO warns of severance costs as layoffs loom

Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023.  Patrick T. Fallon | Afp | Getty Images Wells Fargo CEO Charlie Scharf said Tuesday …

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Goldman Sachs is betting on the small cap rally. Here’s how.

Small cap stocks are undergoing a resurgence, and Goldman Sachs Asset Management is looking to capitalize on it through the exchange-traded fund space. “In the last five weeks, we’ve launched three new active products. Two are the premium income. One, believe it or not, is small cap core,” Brendan McCarthy, …

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Shein IPO: Lawmakers scrutinize forced labor

Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week. One congressman who sits on a key committee is even threatening to pursue legislation to bar the retailer from trading if the U.S. Securities and Exchange Commission doesn’t reject its application. Rep. Blaine …

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Vietnamese companies eye U.S. IPO market amid lull in Chinese listings

A VinFast EV car on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were once driven mostly by Chinese startups. Vietnam-based electric car company VinFast …

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Reid Hoffman says we don’t know why OpenAI board forced out Sam Altman

Reid Hoffman Anjali Sundaram | CNBC Three weeks after OpenAI’s board briefly pushed out CEO Sam Altman without providing a specific reason for its decision, former director Reid Hoffman says he’s still puzzled by what took place and why. “Reading the blog post was like, ‘What’s going on?'” Hoffman, the …

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Youth suicide rates rose 62% from 2007 to 2021

Young people dying by suicide has been an alarmingly frequent headline in recent years. Katie Meyer, a goalkeeper on the Stanford University women’s soccer team, died by suicide in 2022. She was 22. Ian Alexander Jr., son of actor and director Regina King, killed himself last year. He was 26. …

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More states require students to take personal finance course

High schools have been buzzing about financial education. The latest “report card” from the Center for Financial Literacy at Champlain College in Burlington, Vermont, shows seven states — Alabama, Iowa, Mississippi, Missouri, Tennessee, Utah and Virginia — made the top grade. They earned an “A” because in those states, high …

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Nikki Haley raises over $500,000 at event with Wall Street execs

Nikki Haley, the candidate of the Republican Party in the 2024 presidential elections in the US, delivers remarks during a Town Hall campaign event in the Lowcountry in Bluffton SC, United States on November 27, 2023. Peter Zay | Anadolu | Getty Images Former U.S. ambassador to the United Nations …

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Billionaire Charlie Munger wanted his kids to hold onto 3 parenting lessons ‘until their 100th birthdays’

Charlie Munger died on Nov. 28 at age 99. These reflections on his life and career, which he wrote for CNBC Make It, are among his final writings. My children and grandchildren might not think exactly the way I do, but I hope they can observe my life as an example …

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Elon Musk’s AI startup — X.AI — files to raise $1 billion

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City.  Slaven Vlasic | Getty Images X.AI, an artificial intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1 billion …

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