Kroger announced on Monday that CEO Rodney McMullen has stepped down following a board investigation into his personal conduct. The company said that his personal conduct, “while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics.” It did not specify the nature of the misconduct. The board was alerted to the matter… Continue reading Kroger CEO Rodney McMullen resigns after board probe, Ronald Sargent named interim chief
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Analyst reveals largest challenge for Mixue after stellar market debut
Mixue could face challenges in growing its footprint in the tier 1 cities, according to a Zephirin Group analyst. Longdley Zephirin’s remarks arrive only hours after shares of China’s largest bubble tea chain rallied more than 40% on their Hong Kong debut. Mixue sold a total of 17.06 million shares in its initial public offering… Continue reading Analyst reveals largest challenge for Mixue after stellar market debut
Anthropic valued at over $61 billion in latest funding round
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Interview: ‘No one, not even us, can see what you are doing’ — NymVPN’s CSO ahead of launch
Privacy-focused firm Nym, backed by a16z and other investors, has introduced its zero-knowledge payment system along with a perpetual token buyback model. Nym’s decentralized DePIN payments system and token buyback are now live for public testing. The company’s NymVPN, initially unveiled in November 2023, is set for a commercial launch on March 13, 2025. We… Continue reading Interview: ‘No one, not even us, can see what you are doing’ — NymVPN’s CSO ahead of launch
Global offshore wind poised for landmark 19GW of additions in 2025
Rystad Energy research forecasts that the global offshore wind industry will rebound in 2025, with capacity additions predicted to hit 19 gigawatts (GW) and sector-wide spending expected to reach $80 billion. The slowdown at the end of last year, when new installations dropped by 2 GW to approximately 8 GW, has been followed by a… Continue reading Global offshore wind poised for landmark 19GW of additions in 2025
Ola Electric lays off over 1,000 workers as losses mount: what’s ailing the EV maker?
Ola Electric has laid off more than 1,000 employees and contract workers as the company looks to curb rising losses, Bloomberg reported. The cuts impact several departments, including procurement, fulfillment, customer relations, and charging infrastructure. This marks the second major round of layoffs in less than five months, following a workforce reduction of around 500… Continue reading Ola Electric lays off over 1,000 workers as losses mount: what’s ailing the EV maker?
Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer
Anthropic has introduced Claude 3.7 Sonnet, a frontier AI model designed to provide users with both immediate and more considered responses. The company touts it as the industry’s first “hybrid AI reasoning model,” allowing users to choose how long the AI “thinks” before generating an answer. The rollout, announced on Monday, is part of Anthropic’s… Continue reading Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer
Chemring shares surge 14% on Bain Capital acquisition buzz
One of the world’s largest private equity investors, Bain Capital, has made an approach to acquire Chemring, the FTSE 250-listed defence and aerospace firm, according to a report by Sky News. The move is part of a growing trend of foreign buyout interest in undervalued UK companies. Share price of Chemring Group was up by… Continue reading Chemring shares surge 14% on Bain Capital acquisition buzz
Interview: AI for stocks is like giving investors an Iron Man suit, says Bruce Keith of InvestorAi
From the bustling days of open outcry—where traders and brokers shouted buy and sell orders on the trading floor—to today’s seamless “click-and-transact” mobile platforms, equity trading and investment have evolved significantly in India and across the world. Now, like many industries, equity investing is being reshaped by artificial intelligence—one model at a time. With the… Continue reading Interview: AI for stocks is like giving investors an Iron Man suit, says Bruce Keith of InvestorAi