Robert Iger spent decades helming a company known for its animated characters. For his next act, the former Walt Disney Co. boss is backing a startup that celebrities and others are using to create avatars for the much-hyped metaverse. In his first career move since leaving the entertainment company in November, Mr. Iger has taken […]
Some of the world’s biggest banks worked over the weekend to resolve a crisis in the nickel market that leaves them on the hook for billions of dollars owed by a Chinese metals giant. JPMorgan Chase JPM -2.25% & Co., Standard Chartered STAN -0.41% PLC and BNP Paribas HER BNPQY -3.09% were among the banks […]
Production of vital raw materials for chip making is concentrated in Russia and Ukraine. The countries are a major source of both neon gas, needed to feed lasers that print minute circuitry onto silicon, and the metal palladium used in later manufacturing stages. About a quarter to a half of the world’s semiconductor-grade neon comes […]
Soroban Capital Partners LP, a $10 billion stock-picking hedge fund in New York, is one of the biggest winners, making at least several hundred million dollars on the trade since February, a person familiar with the matter said. Other winners include New York macro fund Castle Hook Partners and value investor Pilgrim Global. The bet […]
Americans looking to offset surging gasoline prices with a more fuel-thrifty vehicle aren’t likely to find much on the car lot today. The sharp rise in fuel costs, driven in large part by the war in Ukraine and related disruptions, is delivering another shock to the car business and triggering renewed focus on fuel economy […]
Silicon Valley, making way for Silicon USA In a feedback loop that could transform the economic geography of the US, millions of Americans are moving, and companies are following them—tech companies in particular. In turn, this migration of companies and investment is attracting more workers to places that in the past usually lost talent wars. […]
Silicon Valley, making way for Silicon USA In a feedback loop that could transform the economic geography of the US, millions of Americans are moving, and companies are following them—tech companies in particular. In turn, this migration of companies and investment is attracting more workers to places that in the past usually lost talent wars. […]
Healthcare companies say they are duty-bound to continue supplying drugs, vaccines and medical equipment to Russia, though Western sanctions and other measures have thrown up hurdles. The Ukraine invasion has prompted Western car makers, luxury-good purveyors and other companies to leave Russia. Makers of drugs, vaccines and medical equipment continue to do business, however, saying […]
Russia’s invasion of Ukraine risks fueling inflation and sapping growth world-wide, but a handful of nations are in line for an export windfall thanks to soaring energy and commodity prices. Countries including Canada, Australia and energy-rich Gulf Arab states look set to benefit as the invasion sparks record rallies in commodities from oil and gas […]
CVS Health Corp. CVS -0.59% Chief Executive Karen Lynch has removed several executives following an internal investigation into how they handled sexual-harassment complaints and is overhauling how the company handles such matters, according to people familiar with the matter. Ms. Lynch, who took over as CEO a year ago, in December became aware of complaints […]
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