Tag Archives: chief

In the weeks since passage of the Inflation Reduction Act, one provision has generated more heat in certain corners of the internet than any other: an $80 billion infusion coming to the IRS. The money is set to help the tax-collecting agency chase down cheats and refresh its shockingly outdated technology over the coming decade. But many critics on the right who say the agency is politically motivated contend the money will also make tax collectors a more pernicious presence in Americans’… Source link

The former chief of the Justice Department’s national security division said Tuesday that the FBI warrant for the search of Donald Trump’s Mar-a-Lago home in Palm Beach, Fla., suggests prosecutors believe they have probable cause that there may have been violations of the World War I-era Espionage Act. That law has traditionally been used to target government leakers, such as former NSA contractor Edward Snowden. But it also “actually has provisions that apply to essentially the… Source link

Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months Existing home sales showed a 5.4% decline in June from May, but prices remain elevated, according to the National Association of Realtors. The median sale price of existing homes in the U.S. set a new record high of $416,000 in June, marking a 13.4% increase from a year ago. Yet for those continuing to watch these rising home prices, chief… Source link

This is a significant update. Pinterest has today announced that co-founder and CEO Ben Silbermann is stepping down from his role, and shifting to a new position within the organization, with online commerce expert Bill Ready set to take over as Pinterest chief, effective June 29th, 2022.  Silberman posted an impassioned update on the Pinterest blog, noting the significance of the platform to him and his life. “As you can imagine, this was a hard decision. So much of my heart belongs to… Source link

If the Federal Reserve stays on its current course of major interest rate hikes, stocks may drop another 25%, according to a top executive at Ray Dalio’s Bridgewater Associates hedge fund. Bridgewater Associates co–chief investment officer Greg Jensen said inflation is not going away, which could force the Fed to continue hiking interest rates, likely more than Wall Street currently anticipates. Story continues “We’re in a radically different world,” Jensen said in an interview with… Source link

BofA’s US stock chief sees a floor of 3,200 for the S&P 500 (potential downside of 22%) — but here are 4 sectors she likes for inflation protection and cash return We’re almost halfway through the year, and sentiment has yet to turn bullish. The S&P 500 is down 13% in 2022, while the tech-centric Nasdaq is off 22%. If you want to know how low the market could really go, pay attention to what Savita Subramanian — head of U.S. equity and quantitative strategy at Bank of America Securities… Source link

As Netflix (NFLX) grapples with company-wide layoffs and slowing subscriber growth, there’s been increased talk when it comes to the streamer’s complicated relationship with the box office — and what it could look like moving forward. National Association of Theatre Owners (NATO) CEO and president John Fithian told Yahoo Finance that theaters would happily welcome more streaming content on the big screen, despite exhibitors’ strained history with the streaming boom at large. “The door is… Source link

U.S. stocks have had a rough start to the year after a standout 2021—and if history is any guide for what’s to come, things could get even worse from here. The S&P 500, which returned nearly 27% to investors last year, has been dragged down more than 15% year to date by rising interest rates, geopolitical tensions, persistent inflation, and a number of other bearish factors. The big question on most investors’ minds: How much further will stocks drop? Bank of America’s chief investment… Source link

Iván Markman, chief business officer, Yahoo, believes ‘commerce everywhere’ is going to be one of the emerging trends. Iván Markman joined Verizon Media in early 2019 as its chief business officer. Later, when Verizon media became Yahoo again in September 2021, he filled in the same role at the newly constituted Yahoo. After a successful start, there is no denying that Yahoo’s path has been full of twists and turns after many significant changes in the… Source link

CIO Journal is marking its 10th anniversary by asking corporate leaders to share their views on the evolving role of business and technology. Thomas Kurian, chief executive of Alphabet Inc.’s Google Cloud, says the role of the chief information officer has changed materially as technology has grown more important to business. Increasingly, CEOs view technology as a differentiator and look to the CIO for expertise, he said. Mr…. Source link