US lawmakers question Twitter over security practices ahead of whistleblower testimony

CNN Business — US lawmakers sent Twitter more than a dozen questions about its security practices on Monday, on the eve of corporate whistleblower testimony before Congress in which he is expected to expose damning allegations of security and privacy vulnerabilities within the struggling social media company. In a letter to CEO Parag Agrawal, senior … Read more

iPhone 14: What to expect at Apple’s ‘far out’ event

CNN Business — Apple is expected to showcase its iPhone 14 lineup at the company’s annual keynote in September on Wednesday. The product event, which was teased with a “distant” tagline, will take place at Apple’s headquarters in Cupertino, Calif., and will be streamed live on Apple’s website and social media channels. This year’s invite … Read more

Starbucks appoints Laxman Narasimhan as its next CEO

New York CNN Business — Starbucks chose Laxman Narasimhan as his next CEO. Narasimhan will become the new CEO of Starbucks on October 1. He will officially take office in April and will then also join the company’s board of directors. The Reckitt Benckiser Group, of which Narasimhan recently served as CEO, announced earlier Thursday … Read more

Starbucks Appoints New CEO | CNN Business

New York CNN Business — Starbucks chose Laxman Narasimhan as his next CEO. Narasimhan will become the new CEO of Starbucks on October 1. He will officially take office in April and will then also join the company’s board of directors. The Reckitt Benckiser Group, of which Narasimhan recently served as CEO, announced earlier Thursday … Read more

Nvidia’s sales forecast is about $1 billion lower than expected, shares fall

On Wednesday evening, executives at Nvidia Corp. forecast a further drop in revenue in the current quarter, after confirming an earlier warning by showing a sharp reduction in profits, while the chipmaker assured analysts that it was working on its inventory. For the third fiscal year or current quarter, Nvidia NVDA, +0.24% forecast revenue of … Read more

Nvidia’s sales forecast is about $1 billion lower than expected, shares fall

On Wednesday evening, executives at Nvidia Corp. forecast a further drop in revenue in the current quarter, after confirming an earlier warning by showing a sharp reduction in profits, while the chipmaker assured analysts that it was working on its inventory. For the third fiscal year or current quarter, Nvidia NVDA, +0.24% forecast revenue of … Read more

Disappointing US data prompts traders to consider possible Fed half-point rate hike in September

In the blink of an eye on Tuesday, the U.S. bond market’s focus shifted to fears of a sharp and unexpected economic slowdown and away from persistently high inflation for most of the day. negotiation. This shift in sentiment came after data showed the U.S. new home sales plunged in July to its lowest level … Read more

Zoom struggles to convince consumers to pay, and stock slips

Zoom Video Communications Inc. is struggling to convince people to pay for its video conferencing service in the third year of the COVID-19 pandemic, contributing to a reduced forecast and falling stock price on Monday. Zoom ZM, -2.07% executives slashed their full-year earnings and revenue forecast Monday afternoon, and Zoom chief financial officer Kelly Steckelberg … Read more

Allen Weisselberg: Former Trump Organization CFO pleads guilty for role in 15-year tax evasion scheme

CNN — Allen Weisselbergthe former chief financial officer of the Trump Organization, pleaded guilty on Thursday to his role in a 15-year tax evasion scheme, and as part of the settlement, he agreed to testify against the former’s real estate company President Donald Trump during the trial. In court Thursday, Weisselberg replied, “Yes, your honor” … Read more

Walmart results ease some fears of recession

New York CNN Business — Walmart reported good news on Tuesday for investors and economists worried about a looming recession, as the retail giant painted a much more optimistic picture of consumer spending than it offered less ago. one month. On July 25, Walmart issued a revenue warning for the rest of the year, saying … Read more