Binance, one of the world's largest cryptocurrency exchanges, and its former CEO, Changpeng Zhao (CZ), are being sued by FTX for a staggering $1. 8 billion. This legal battle comes after FTX filed a lawsuit claiming that Binance and CZ played a significant role in FTX's collapse last year. The lawsu
Imagine you're a famous CEO in a Chinese company. You're known, you're admired, and your actions are watched closely. How does this fame influence your decisions, especially when it comes to innovation? A recent study took a look at this very question, scrutinizing data from Chinese listed companies
The COVID-19 pandemic has put a spotlight on how top CEOs in the automotive industry handle moral decisions. Researchers looked at letters from the CEOs of the top 15 automotive companies before and after the pandemic started. They used a method called Weber’s to figure out how these CEOs think abou
You might think of celebrities as entertainers or athletes, but in China, CEOs are also becoming famous faces. A new study found that these celebrity CEOs are using their status to drive innovation in their companies. From 2015 to 2020, researchers looked at Chinese listed companies and discovered t
CVS Health had a mixed third quarter, with increased medical costs hurting profits. This is the first report under new CEO David Joyner, who's trying to turn things around. The company expects these costs to stay high until the end of the year. They wouldn't give a formal outlook, but will share som
Dollar Tree recently announced that its CEO and chairman, Rick Dreiling, has decided to step down. This news comes just a few months after Dreiling joined the company as executive chairman in March 2022. He cited personal health reasons for his departure, expressing the need to focus on his well-bei
Today was full of surprises as several big names in tech and travel reported their earnings. Let's start with Carvana, the online used car dealer that zoomed ahead with a 19% stock boost. Why? They did better than expected in the third quarter, earning more money and bringing in more revenue than an
Super Micro Computer’s stock has taken a beating, dipping to $28 per share after its auditor, Ernst & Young, decided to walk away. The server company, which joined the S&P 500 in March 2024, is now in hot water, possibly facing delisting from the Nasdaq. This isn’t the first time they’re dealing wit
Intel's CEO, Patrick Gelsinger, ruffled some feathers with his comments about TSMC's Taiwan base, leading to a lost deal. TSMC, a major chip maker, had offered Intel a huge 40% discount on their latest 3 nanometer chip tech. But after Gelsinger's remarks, TSMC pulled the offer, leaving Intel to pay
In the heart of Northwestern Colorado, near the small town of Rangely, a paleontology team from the University of Colorado has been digging for over 15 years. Recently, they made a remarkable discovery – the jaw of a Heleocola piceanus, a creature that roamed the swamps of the area 75 million year
