On Monday, Microsoft’s stock hit a record high following the announcement that Sam Altman, the former CEO of OpenAI, will lead the company’s artificial intelligence innovation division. The tech giant’s shares increased 2.1% on Monday to close at an all-time high of $377.44, shattering the previous record of $376.17. Following a back-and-forth over the course … [Read more…]
In the coming years, McDonald’s plans to use its burger strategy to spur growth. There is only one word that sums up that strategy: More. CEO Chris Kempczinski stated in an interview with CNN that “having a larger burger is an opportunity in the US, in a number of markets, around the world.” He continued, … [Read more…]
Jamie Dimon, the CEO of JPMorgan Chase, sent a strong message to Wall Street on Wednesday: a recession is still a possibility and inflation may rise further. Many items on the market are risky and will cause inflation. At the 2023 New York Times DealBook Summit in New York, he advised attendees to be ready. … [Read more…]