by Jibran Munaf | August 28, 2024 | Corporate Finance, News
Apple Inc. has announced that Kevan Parekh, an Indian-origin executive, will be stepping into the role of Chief Financial Officer (CFO) starting January 2025. Parekh, who is currently the Vice-President of Financial Planning and Analysis at Apple, will succeed Luca...
by Jibran Munaf | August 27, 2024 | Corporate Finance, News
Shares of PDD Holdings, the parent company of online retailer Temu, experienced a significant decline of 28.57% on Monday, marking their largest single-day drop since the company’s Nasdaq listing. The steep fall followed a disappointing second-quarter earnings report...
by Jibran Munaf | August 24, 2024 | Corporate Finance, Markets, News
India’s market regulator SEBI imposes trading ban and hefty fines on Anil Ambani and associates for alleged fraudulent activities in Reliance Home Finance. In a major crackdown, the Securities and Exchange Board of India (SEBI) has banned Anil Ambani, the former...
by Jibran Munaf | August 17, 2024 | Breaking, Corporate Finance, News, Trending Now
Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. 9. As CEO, he’ll be tasked...
by Jibran Munaf | August 16, 2024 | Corporate Finance, Finance, News, Wealth Management
A popular yen-centered carry trade that blew up spectacularly two weeks ago is staging a comeback. Japan’s currency has weakened more than 5% against the dollar since August 5, when a cocktail of hawkish Japan monetary policy moves, jitters around US earnings, and a...
by Jibran Munaf | July 12, 2024 | Corporate Finance, News
Intel’s strategic push into software is progressing well, with the company aiming for cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer Greg Lavender told Reuters. Intel generated over $100 million in software revenue in...
