Ally Financial appoints new CEO
Michael Rhodes will be taking over Ally Financial Inc. as CEO effective April 29, replacing former CEO Jeffrey Brown, who stepped down at the end of January 2024 to take a role as president of Hendrick Automotive Group......»»
AMD’s graphics card sales just took a nosedive
AMD just reported its financial results for the first few months of 2024, and its gaming business isn't doing so hot......»»
Polestar delays SEC filing, says it needs to review "certain errors" in previous financial statements
Polestar said it believes the historical errors are expected to "positively impact net loss by less than five percent for 2021, and negatively impact net loss by less than five percent.".....»»
Apple"s Q2 2024 earnings results may have some drama -- what to expect
Apple's Q2 financial results are being announced on May 2, and it might be rough, compared to the financial victories of the last five years. Here's what to expect, and what the analysts are saying.Apple CEO Tim CookApple will be issuing its second-q.....»»
Triangulation fraud: The costly scam hitting online retailers
In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among m.....»»
Lear to acquire Spanish automation supplier to ease labor costs
Financial terms were not disclosed for the deal, announced Monday and expected to close by the third quarter......»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
Nature degradation could cause a 12% loss to UK GDP, new analysis suggests
The deterioration of the UK's natural environment could lead to an estimated 12% loss to GDP, according to new analysis. In comparison, the financial crisis of 2008 took around 5% off the value of the UK GDP, while the COVID-19 pandemic cost the UK u.....»»
Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks
The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out risk, greed and corruption......»»
The Asus ROG Ally just got a game-changing update
The most recent update for the Asus ROG Ally adds frame generation to the handheld, which promises vastly improved performance......»»
Crises like pandemics or financial crashes could stall progress on gender diversity in boardrooms
Forget shattering the glass ceiling—a new research study published in The Leadership Quarterly warns that crises like the recent COVID-19 pandemic or a global financial crash could slam the brakes on progress toward improving gender diversity in bo.....»»
Tesla profits drop 55% as Elon Musk dodges cheap car questions
Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»
GM Financial Q1 net income slips 8%
The captive said lease originations rose, while retail loans fell......»»
Fisker appoints chief restructuring officer after missing payment to noteholder
Fisker said in its 2023 annual report that it may have to file for bankruptcy protection within 30 days if it does not get relief from its creditors. A forbearance agreement with one noteholder expires May 1......»»
GM posts higher Q1 profit, ups 2024 financial guidance
GM said it raised its full-year earnings guidance and set a first-quarter record for North American revenue......»»
Europe"s main financial entity believes Apple"s proposed iPhone NFC changes aren"t enough
The European Central Bank is opposed to Apple's proposed changes to the iPhone's near-field communication at the core of Apple Pay, and has complained about it to the European Commission.Apple could have to make additional changes to its NFC APIsPiet.....»»
Why trust is job #1 for new financial regulatory compliance
Why trust is job #1 for new financial regulatory compliance.....»»
51% of enterprises experienced a breach despite large security stacks
Threat actors are continuing to successfully breach across the entire attack surface and the stakes are only getting higher: 93% of enterprises who admitted a breach reported unplanned downtime, data exposure, or financial loss as a result, according.....»»
CEOs" human concern translates into higher stock price, says study
Compassionate leadership has tangible benefits: CEOs' expressions of empathy correlate with positive stock performance, a study led by the University of Zurich shows. The researchers analyzed data from conference calls between CEOs and financial anal.....»»
Ally net income plunges 51% in Q1, auto applications set record
Ally's auto business saw a record 3.8 million applications from consumers during the first quarter with 40% of new loan originations in the top credit tier......»»
Dubai reels from floods chaos after record rains
Dubai's giant highways were clogged by flooding and airport passengers were urged to stay away on Wednesday as the glitzy financial center reeled from record rains......»»