Tech rh bfm business

Share to Twitter Share to Linkedin Naeim Khanjani is the CEO and cofounder of Electo Analytics , a public affairs software company designed to empower policy teams. I see the tightening grip of inflation along with the war in Ukraine resulting in a decline in the desire for new EU investments for foreign investors. In the region’s place, I've witnessed how countries in the Gulf Cooperation Council (GCC), such as Saudi Arabia, United Arab Emirates and Qatar, have become an emerging space for investors . Driving Change: A Comprehensive Look At Initiatives The past few years, in particular, have opened up myriad economic possibilities for the Middle East. In 2022, the World Bank predicted economic advancement in the region as a result of their prioritization of green growth, as well as their commitment to hosting both the World Cup in Qatar and Expo 2020 in Dubai. Recently, the Abrahamic Family House , a demonstration of unity … [Read more...] about How Gulf Cooperation Council Initiatives Are Shifting The Foreign Investment Landscape

William Shatner, Monica Lewinsky, and other prolific Twitter commentators—some household names, others little-known journalists— could soon be losing the blue check marks that helped verify their identity on the social media platform. They could get the marks back by paying up to $11 a month. But some longtime users, including 92-year-old Star Trek legend Shatner, have balked at buying the premium service championed by Twitter’s billionaire owner and chief executive Elon Musk. After months of delay, Musk is gleefully promising that Saturday is the deadline for celebrities, journalists, and others who’d been verified for free to pony up or lose their legacy status. “It will be glorious,” he tweeted Monday, in response to a Twitter user who noted that Saturday is also April Fools’ Day. After buying Twitter for $44 billion in October, Musk has been trying to boost the struggling platform’s revenue by pushing more people to pay for a premium subscription. But … [Read more...] about Celebrities of all stripes are pushing back against paying for blue checks

Share to Twitter Share to Linkedin Christine Tao is CEO & Co-Founder of Sounding Board , helping companies grow their leaders through scalable, personalized leadership coaching It’s rough out there right now. Boards and investors are pressuring companies to tighten their belts, leading to massive layoffs across the tech industry and beyond—nearly 125,000 employees were laid off last year, according to Forbes’ layoff tracker , and the totals for 2023 keep growing each week. In 2009, I was laid off from Google during the "Great Recession.” I went from landing my dream job to the very real possibility of moving back into my parent’s house, along with a mountain of student debt. At the time, I was crushed, but ultimately, this unexpected turn of events is what led me to co-found my company, Sounding Board. I know stories like mine can feel flippant to those who are experiencing the very real challenges and hardships associated with the … [Read more...] about How To Alleviate The Middle Manager Squeeze During A Restructuring

Share to Twitter Share to Linkedin Topline Stocks gained yet again Monday as badly bleeding bank stocks bounced back and major indexes continued to recover their March losses. Key Facts The Dow Jones Industrial Average rose 270 points, or 0.9%, in early trading, while S&P 500 and tech-heavy Nasdaq climbed 0.7% and 0.6%, respectively. The S&P is hovering at its highest level since March 7, the day before since-failed Silicon Valley Bank’s growing cracks caused equity prices to plummet, while the Dow is up 4% from its 2023 low achieved March 15 but down more than 2% over the last three weeks. Leading Monday’s rally were bank stocks, as shares of the teetering First Republic gained 18% and shares of First Citizens, which announced overnight it acquired Silicon Valley Bank, jumped 44%. Several other weekend developments helped calm investors, as reports emerged indicating the pace of deposit outflows from smaller banks … [Read more...] about S&P 500 Nears 3-Week High As Bank-Fueled Market Anxiety Calms

Lyft cofounders Logan Green and John Zimmer are stepping back from day-to-day responsibilities as CEO and president, respectively, the company announced Monday . Former Amazon executive David Risher , who has been on the company’s board since 2021, will take over Green’s spot as CEO starting in mid-April. Green and Zimmer will retain their seats on the board. Green will transition to chair of the board, while Zimmer will continue as vice chair. Green and Zimmer cofounded Lyft in 2012. The pair took the company public in 2019. The Wall Street Journal first reported the news. Shares of Lyft jumped in after-hours trading Monday more than 5%. But the company has faced a wave of trouble in the past few years, as the COVID-19 pandemic hampered travel; Lyft wasn’t able to offset those loses with food delivery (which has been a boon for rival Uber ). Shares are down more than 70% in the past year, not including Monday’s afternoon jump. advertisement “After … [Read more...] about Lyft’s CEO and president are stepping down; the company names David Risher as new CEO

TOKYO  -Toshiba Corp’s auction was supposed to ignite a race for top-dollar bids among global private equity firms. Instead, it brought months of uncertainty and a solitary, scaled-back offer from the company’s business partners in Japan. The $15-billion bid, led by domestic buyout firm Japan Industrial Partners (JIP) and accepted by Toshiba’s board last week, could finally end years of exhausting battles with activist shareholders that sparked management reshuffles and strategy reversals. Less certain is whether the deal can revive the 147-year-old conglomerate, which has never fully recovered from a 2015 accounting scandal and the bankruptcy of U.S. unit Westinghouse two years later. The long-running crisis at Japan’s Toshiba Major activist shareholders are expected to exit, people familiar with the matter said. Some, including top shareholder Effissimo Capital Management, could make huge profits, having bought their shares cheaply in a 2017 bailout. Other investors may … [Read more...] about The $15-B scramble for Japan’s Toshiba went from bang to whimper

The Federal Deposit Insurance Corporation (FDIC) announced Sunday night that First Citizens BancShares made a deal to acquire Silicon Valley Bank (SVB), the recently failed tech lender. On March 10, the federal regulator took over SVB following a bank run that caused it to collapse . The FDIC then sought a buyer for the bank, either as a whole or in segments, and found one in First Citizens in a transaction including $72 billion in assets — a discount of $16.5 billion, according to the FDIC statement . About $90 billion in SVB’s securities and other assets were not part of the acquisition and will stay in the ownership of the FDIC, according to the statement. The FDIC also will get equity appreciation rights tied to the stock of First Citizens, which may be worth up to $500 million, according to the statement. (RELATED: After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts) Federal Reserve Board Chair Jerome Powell speaks … [Read more...] about First Citizens To Acquire Collapsed Silicon Valley Bank In Major Deal

The Commodity Futures Trading Commission (CFTC) sued Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao on Monday for allegedly breaking trading and derivatives rules. The derivatives regulator said Binance neglected its responsibility to properly register with the CFTC, according to the filing. The agency has been investigating Binance since at least 2021 over whether it has allowed Americans to trade crypto derivatives, as the CFTC rules typically obligate companies to register if they do. Binance allegedly guided American customers to avoid compliance measures by using VPNs (virtual private networks) and other methods, according to the filing. The firm also allegedly hid the fact that they had American customers in their internal documents and data. While Binance.US launched in 2019, Binance.com is illegal for Americans to use, which is why it is only accessible through VPN. Binance.US is more limited than Binance.com, with roughly 150 … [Read more...] about World’s Largest Crypto Exchange Sued By US Regulators

Share to Twitter Share to Linkedin ChatGPT continues to be the most disruptive technology platform of the year. The generative AI chatbot’s newest addition is plugins that process real-time data for some of the largest business, retail and travel companies. There is now an Expedia plugin that’s rolling out. What Is The Expedia Plugin For ChatGPT? Expedia announced the launch of its ChatGPT plugin via Twitter on March 23, 2023. The announcement includes a one-minute video displaying sample queries of researching travel costs and receiving suggestions about which local activities to consider. First, the script has the user looking for a non-stop flight on Alaska Airlines from Seattle to Puerto Vallarta in April. Within seconds, the chatbot scours the Expedia catalog and recommends a flight by listing the travel details, ticket price and a link to buy the ticket. In the same dialog, the Expedia plugin recommends family-friendly resorts and local … [Read more...] about Review Of The Expedia Plugin For ChatGPT

Share to Twitter Share to Linkedin Lakshmi Raj, cofounder and co-CEO of Replicon , a time intelligence company. While traditionally separated by floors and organizational structures, human resources (HR) and information technology (IT) are now playing a more critical role in each other’s daily operations, especially in the digital era of business. Hiring new employees and managing existing workforces based on the demand for skills is increasingly a coordinated effort between the two departments. The HR department now relies on advanced resource management solutions to better manage hiring and reskilling programs, while the IT department collaborates with HR teams to implement solutions that enhance employee experience. This has reemphasized the need for HR and IT teams to be more aligned than ever before. Data silos have existed, but can that continue? HR and IT departments have arguably been two of the most collaborative departments in any … [Read more...] about The Connected Employee Experience Requires HR And IT To Be More Aligned Than Ever