Economy

Jeff Shell, CEO of NBCUniversal, walks to lunch at the Allen & Company Sun Valley Conference on July 07, 2022 in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesJeff Shell left his role as NBCUniversal CEO on Sunday after he admitted an “inappropriate relationship” with a woman in the company, corporate parent Comcast announced.”Today is my… […]

Barbara Corcoran experienced every professional’s worst nightmare: She landed her dream job, only to have the offer rescinded.Before the first season of ABC’s “Shark Tank” aired in 2009, a producer’s secretary reached out to Corcoran and asked the real estate tycoon to be an investor on the show. She “signed the contract without looking at… […]

A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023.Johnny Milano | Bloomberg | Getty ImagesBed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after it failed in several last-ditch efforts to raise enough money to keep the company alive.The beleaguered home… […]

Signs explaining Federal Deposit Insurance Corporation (FDIC) and other banking policies on the counter of a bank in Westminster, Colorado November 3, 2009. Rick Wilking | ReutersIf there wasn’t enough banking jargon to blind you, it’s time to learn a new piece of it: Welcome to the industry’s era of the “criticized loan.”It’s a loan that’s… […]

Big bank earnings are behind us. After hearing from the nation’s biggest institutions over the past couple weeks, we can breath a sigh of relief: They were better than feared. Many investors were understandably worried about the banking sector heading into this first-quarter earnings season following the collapse of Silicon Valley Bank (SVB) and two… […]

When Ryan Shanahan, 41, decided to buy a house in Portland, Oregon, he knew from the start that he wanted his future home to be “net zero.”To be net zero is to cut greenhouse gas emissions to as close to zero as possible, with any remaining emissions reabsorbed from the atmosphere, by oceans and forests, for… […]

Sundar Pichai, CEO, AlphabetLluis Gene | AFP | Getty ImagesAlphabet CEO Sundar Pichai received $226 million in total compensation in 2022, most of which came through stock awards, according to a securities report filed by the company on Friday.Pichai was awarded $218 million in equities last year through a triennial stock grant. His annual salary… […]

Siemens wind turbines operate on a wind farm in Marshalltown, Iowa, where many of Berkshire’s first big renewable investments were made over the past decade as the former MidAmerican Energy under now-Berkshire Energy was well situated in one of the nation’s top wind corridors.Timothy Fadek | Corbis News | Getty ImagesWith annual meeting season coming… […]

Busakorn Pongparnit | Moment | Getty ImagesThe ability of ChatGPT to seize upon a specific, verifiable application in a focused business sector could go a long way to underscoring it as a monetizable asset. Current use cases for generative artificial intelligence may seem limited and a bit ad-hoc, but a big explosion in use cases… […]