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Card issuing platform Marqeta has named its Chief Product Officer (CPO) Simon Khalaf as CEO. Khalaf joined the company as CPO in June and began leading its go-to-market organization as well in August, Marqeta said in a Thursday (Jan. 26) press release. Marqeta’s Founder, Chairman and current CEO Jason Gardner will become executive chairman when Khalaf becomes CEO, effective Jan. 31, the release said. “After an extensive search, the board and I strongly believe Simon is the clear… Source link

Card issuing platform Marqeta has named its Chief Product Officer (CPO) Simon Khalaf as CEO. Khalaf joined the company as CPO in June and began leading its go-to-market organization as well in August, Marqeta said in a Thursday (Jan. 26) press release. Marqeta’s Founder, Chairman and current CEO Jason Gardner will become executive chairman when Khalaf becomes CEO, effective Jan. 31, the release said. “After an extensive search, the board and I strongly believe Simon is the clear… Source link

Activist investor Elliott Management, which recently took a multi-billion dollar position in Salesforce (CRM), is looking for a major overhaul of the company’s board, a person familiar with the matter tells Yahoo Finance. The source said that Elliott may put forth numerous candidates to join the Salesforce board ahead of the nominating window opening on Feb. 12, adding that Elliott is focused on nominating high quality candidates with diversity in mind. Elliott could be eyeing the removal of… Source link

Intel (INTC) Intel shares fell after reporting quarterly results which missed analyst expectations. Fourth quarter adjusted revenue of $14.04 billion came in below the Wall Street’s consensus estimate of $14.49 billion. The chip maker’s adjusted earnings per share came in at 10 cents versus expectations of 19 cents. Guidance for the first quarter also came in light. The company anticipates cost reductions between $8 billion and $10 billion by the end of 2025. Hasbro (HAS) The toymaker announced… Source link

Bed Bath & Beyond (BBBY) stock cratered Thursday after the embattled retailer revealed in a new regulatory filing it was hit with a default notice from JPMorgan and does not have adequate funds to repay its loans. This coming while the company again warned it may be forced to seek bankruptcy protection amid its ongoing financial struggles. Shares of the company fell as much as 33% on Thursday afternoon, at one point prompting a brief halt. The stock closed Thursday’s session off 22%. Though… Source link

BuzzFeed (BZFD) is planning to heavily lean on AI-generated content. News that sent shares of the company exploding higher, rising as much as 150% in afternoon trade. According to an internal memo obtained by Yahoo Finance, and first reported by The Wall Street Journal, the company plans to utilize ChatGPT creator OpenAI to generate and personalize some of its content and enhance its quizzes. “To fulfill the promise of our mission, we need to build a stronger business foundation by executing a… Source link

The uber-busy Elon Musk is still a key risk to the successful running of Tesla (TSLA) that investors shouldn’t lose sight of, warned Jefferies analyst Phillippe Houchois. “We have published research many times in the past where we say the enemy is inside of Tesla,” Houchois said on Yahoo Finance Live (video above). “Musk is an incredible driving force, but he is also the one that brings unnecessary risk, in a way, to the situation.” The prickly billionaire reminded investors of that risk at… Source link

FTX’s 115-page list of potential creditors reads like an alphabetical accounting of the who’s who of business. The now-bankrupt cryptocurrency exchange owes money to Apple, Google, Verizon, Netflix and a slew of companies, including BlackRock, that are fixtures of the Fortune 500. On Wednesday, lawyers for FTX submitted the long-anticipated inventory of FTX’s debt in the U.S. Bankruptcy Court in Delaware, which only included names of institutions and companies, not individual creditors…. Source link

FTX’s 115-page list of potential creditors reads like an alphabetical accounting of the who’s who of business. The now-bankrupt cryptocurrency exchange owes money to Apple, Google, Verizon, Netflix and a slew of companies, including BlackRock, that are fixtures of the Fortune 500. On Wednesday, lawyers for FTX submitted the long-anticipated inventory of FTX’s debt in the U.S. Bankruptcy Court in Delaware, which only included names of institutions and companies, not individual… Source link

Former NFL linebacker Jessie Lemonier died at 25, the Detroit Lions confirmed Thursday. Details of Lemonier’s death haven’t been released. Lemonier planned to play for the USFL’s Birmingham Stallions this spring after he signed with and was subsequently traded from the Houston Gamblers about a month ago. The XFL’s Arlington Renegades also drafted Lemonier in November. “We are shocked and saddened to learn of the passing of former Detroit Lion Jessie Lemonier,” the Lions said in a statement…. Source link