German Business Confidence Dips in Latest Recession Warning

Sep 24, 2024 | Markets

Ifo expectations index edges down to 86.3 from 86.8; est. 86.4 Bundesbank says economy may already be in a downturn Germany’s business outlook worsened again – reinforcing fears that Europe’s biggest economy is in a recession with no quick rebound imminent. The Ifo...

Australia Pensions Step Up Private Asset Scrutiny, Stafford Says

Sep 23, 2024 | Markets, Private Markets

Funds asking for more detailed information, asset manager says Regulators want more accountability, consistency: ASIC Australian pension funds are tightening scrutiny of their private assets as regulators raise more questions about disclosure and valuations, according...

Constellation CEO Says US Should Copy China to Meet AI Power Use

Sep 23, 2024 | Markets

US needs to build data centers near power plants, CEO says Customers are asking about ‘multi-gigawatt’ data centers To meet the surging demand for electricity to run artificial intelligence, the US should emulate China, according to the head of the power company that...

Nike’s CEO Switch Underscores the Allure and Risks of Boomerang Executives

Sep 23, 2024 | Markets

Elliott Hill was brought in as a stabilizing force but returning executives often bring headwinds Elliott Hill, the newly named chief executive officer of Nike Inc., came out of retirement last week to help the beleaguered brand regain its footing. He previously spent...

An Outsider Critiqued Meta’s Smart Glasses. Now She’s in Charge of Them

Sep 23, 2024 | Markets

Li-Chen Miller is helping lead the social network’s push toward Zuckerberg’s augmented reality ambitions Li-Chen Miller wasn’t even a Meta Platforms Inc. employee when she started working to fix the company’s video-recording sunglasses. Miller was working at Microsoft...