Carnival replaces CEO Arnold Donald with Josh Weinstein

Carnival replaces CEO Arnold Donald with Josh Weinstein

Carnival Corp., the world’s largest cruise company, on Tuesday said Josh Weinstein, its chief operations officer, would become the next chief executive, taking over the role from Arnold Donald. Donald, 67, has been CEO of Carnival for nine years and had led the company to post a record profit in 2018 before the COVID-19 pandemic jolted the cruise industry. … Read more

What the billionaire owns or has stake in

What the billionaire owns or has stake in

Elon Musk already had his hands full even before he finalized Monday’s $44 billion deal to take over Twitter.  The entrepreneur — who now holds the title of world’s richest man — got his start in Silicon Valley after he dropped out of Stanford University in 1995 and co-founded PayPal, where he worked alongside other … Read more

Fidelity offers bitcoin investing option in 401(k) accounts

Fidelity offers bitcoin investing option in 401(k) accounts

More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin, potentially up to 20%, all from the … Read more

Kevin Hart’s media company HartBeat gets $100M investment

Kevin Hart's media company HartBeat gets $100M investment

Stand-up comedian and Hollywood actor Kevin Hart on Tuesday launched a new media company called HartBeat, with a $100 million investment from private equity firm Abry Partners. Abry, which focuses on investments in the media, communication and information services space, took a minority stake in the company at an undisclosed valuation. Hart, known for his roles in films such … Read more

General Electric shares fall on supply chain, inflation woes

General Electric shares fall on supply chain, inflation woes

General Electric on Tuesday said fresh COVID-19-related lockdowns in China as well as the war in Ukraine have exacerbated supply chain disruptions and inflationary pressure, putting its full-year profit outlook at risk and plunging its shares. While the Boston-based industrial conglomerate retained the outlook issued in January, it said the current trends suggest it would hit the … Read more

Twitter blocks changes over fears workers may ‘go rogue’: report

Twitter blocks changes over fears workers may 'go rogue': report

Twitter is reportedly taking drastic steps to maintain smooth operations this week amid fears that disgruntled employees could try to disrupt the service following Elon Musk’s takeover of the company. The social media platform has blocked routine changes such as product updates through Friday of this week – with alterations only possible if they’re identified … Read more