Jeff Shell left his role as NBCUniversal CEO on Sunday after he admitted an “inappropriate relationship” with a woman in the comany, corporate parent Comcast announced. “Today is my last day as CEO of NBCUniversal. I had an inappropriate relationship with a woman in the company, which I deeply regret. I’m truly sorry I
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Ukrainian troops have successfully established positions on the eastern side of the Dnieper River, leading to speculation that it could be the beginning of Kyiv’s anticipated spring counteroffensive. The Washington-based think tank, the Institute for the Study of War, reported that Ukrainian troops had secured a foothold near the town of Oleshky, with “stable supply
Bed Bath & Beyond, the home goods retailer, filed for Chapter 11 bankruptcy protection on Sunday after failing to raise enough funds to keep the company afloat. The company has been warning about potential bankruptcy since early January when it issued a “going concern” notice due to a poor holiday season. The Impact on Business
On Sunday, U.S. special operations forces carried out a dangerous evacuation of the American embassy in Khartoum, Sudan. The operation lasted less than an hour and involved no gunfire or major casualties. The last U.S. employee of the embassy was evacuated, and the embassy has been closed indefinitely. However, thousands of American citizens remain in
Morgan Stanley has identified a list of stocks that investors should consider owning ahead of their quarterly earnings reports. According to Refinitiv, 76.1% of the 88 companies in the S&P 500 that have reported earnings as of Friday beat analysts’ expectations. CNBC Pro examined Morgan Stanley’s research and found the following companies to be the
The CEO of Longview Economics, Chris Watling, has indicated that recent US economic data points towards an impending recession, which could cause turbulence in the stock market. In a recent interview on CNBC’s “Squawk Box Europe,” Watling highlighted concerning leading economic indicators. On Thursday, The Conference Board announced that the Leading Economic Index for the
The Sudanese military declared on Saturday that it is working to evacuate foreign citizens and diplomats from Sudan, as the country’s violent conflict enters its second week. General Abdel Fattah Burhan, the army chief, has pledged to aid the evacuation of American, British, Chinese, and French nationals and diplomats after discussing the matter with leaders
S&P Global, the credit rating agency, upgraded the United Kingdom’s sovereign credit rating outlook last Friday, removing the previously assigned “negative” label. This change was prompted by the UK government’s decision to forgo most of the unfunded budgetary measures proposed in September 2022, leading to an enhanced fiscal outlook for the country. S&P maintained the
A prominent venture capitalist has attributed the downfall of Silicon Valley Bank (SVB) to a banking crisis rather than any issues within the technology sector. Anne Glover, CEO and co-founder of Amadeus Capital, expressed her belief that the SVB crisis resulted from “utterly irresponsible” practices by the bank’s management. Glover explained that SVB engaged in
As Earth Day approaches, climate change campaigners from across the globe are mobilizing to raise awareness and encourage action. In the United Kingdom, protesters assembled near the parliament building, advocating for increased efforts to combat global warming. Earth Day events around the world will include tree planting and trash removal, marking the 54th anniversary of