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Kohl’s fires new CEO Ashley Buchanan for steering business to former romantic partner

May 1, 2025 | Markets

Kohl’s canned its newly hired chief executive after an investigation showed he had cut a “highly unusal” business deal with a woman who had been his romantic partner, according to a report. Ashley Buchanan — hired to lead the department store chain just four months...

Accenture stock falls 7% after Elon Musk’s DOGE cancels US contract with consulting giant

Mar 20, 2025 | Markets

Accenture warned Thursday that cost-cutting measures led by Elon Musk’s Department of Government Efficiency will hurt its bottom line because several multi-million dollar contracts were canceled — sending shares tumbling 7%. The consultancy giant’s CEO Julie Sweet...

Trump’s Treasury pick and former Soros money manager Scott Bessent’s hedge fund reaped windfall during 2022 downturn

Nov 27, 2024 | Markets

President-elect Donald Trump’s pick for Treasury secretary operates a hedge fund that reaped a massive windfall two years ago — even as global markets sagged under the punishing weight of inflation, according to a report. Scott Bessent’s investment firm Key Square...
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