Latest News

Bloomberg Philanthropies is making a monumental impact on the future of healthcare with a $600 million gift aimed at supporting the endowments of four historically Black medical schools: Howard University College of Medicine, Morehouse School of Medicine, Meharry Medical College, and Charles R. Drew University of Medicine and Science. This funding, which is a component of the Greenwood Initiative, is intended to address systemic underinvestment in Black institutions and contribute to the diversification of the medical field...

Chipotle Mexican Grill has announced the accelerated appointment of Adam Rymer as Chief Financial Officer, effective October 1, 2024. Rymer, a 15-year veteran of Chipotle, previously served as Vice President of Finance, overseeing key financial functions, including Corporate Finance and Investor Relations. In his new role, Rymer will serve on Chipotle's executive leadership team and report to Interim CEO Scott Boatwright...

Following Markus Neubrand's resignation to pursue an opportunity closer to his family, Guess has appointed Dennis Secor as Interim Chief Financial Officer, effective August 26, 2024. Secor, a finance executive with a wealth of experience in the apparel industry, was the CFO of Guess from 2006 to 2012 and has held numerous CFO positions in a variety of industries...

According to data from S&P Global Market Intelligence, the volume and value of private equity-backed megadeals increased in 2024, with 13 deals valued at $5 billion or more recorded by July 29. This is in stark contrast to the eight such transactions that were documented throughout 2023...

Gary Chase has been appointed as the new Chief Financial Officer of Viasat, a global leader in satellite communications, with effect from September 16, 2024. Chase, who has accumulated a wealth of experience from his time at Delta Air Lines, will succeed Shawn Duffy, who will transition to the position of Chief Accounting Officer...

The U.S. Federal Reserve is expected to implement a series of interest rate cuts. This comes after a weaker-than-expected July jobs report and a brief market sell-off that triggered rate cut expectations, with markets now pricing a 70% chance of a 25 basis point reduction in September. Most respondents foresee cuts in September, November, and December, bringing the federal funds rate to 4.50%-4.75% by year-end...

Elon Musk, the CEO of SpaceX, has disclosed that the company's satellite internet service, Starlink, intends to provide free emergency services and access to cell phones worldwide. This initiative is a component of SpaceX's partnership with T-Mobile and is currently awaiting regulatory sanction from the Federal Communications Commission (FCC)...

The Securities and Exchange Commission (SEC) has approved two proposals from the Public Company Accounting Oversight Board (PCAOB) to update audit standards and amend an ethics rule governing auditor liability. The new standards, including AS 1000 and General Responsibilities of the Auditor in Conducting an Audit, aim to modernize and consolidate the auditor's general responsibilities, reinforcing the duty to protect investors through accurate and independent reporting...

Anurag Maheshwari has assumed the role of Executive Vice President and Chief Financial Officer of 3M, effective September 1, 2024. Maheshwari, who previously served as CFO at Otis Worldwide Corporation, brings extensive experience in financial management, strategic planning, and business transformation to 3M...

Yariv Dafna has been appointed as the new Chief Financial Officer of Infobip, a global cloud communications platform. Dafna has nearly two decades of experience in finance, business administration, and operations. He previously served as Group CFO at Evoke PLC and as President and Group CFO at Telit Communications PLC...