Stephen Schwarzman: Navigating the Crossroads of Wealth, Populism, and Global Trade
At 72, Stephen Schwarzman stands at the pinnacle of American finance, serving as the chairman, CEO, and co-founder of The Blackstone Group, the investment giant that manages a staggering $554 billion in assets. With a net worth exceeding $18 billion,…
Chuck E. Cheese Parent Company Files for Bankruptcy Amid Pandemic Struggles
CEC Entertainment, the parent company of Chuck E. Cheese and Peter Piper Pizza, has filed for bankruptcy protection in the wake of the COVID-19 pandemic, which led to the closure of its locations and left families unable to visit its…
Elon Musk Sells $1.1 Billion in Tesla Stock Following Twitter Poll
Tesla CEO Elon Musk has sold $1.1 billion worth of Tesla stock after conducting a poll on Twitter asking whether he should offload 10% of his stake in the company. On November 8, Musk exercised 2.15 million stock options at…
Josh Barro Returns to Business Insider as Senior Editor
Josh Barro is making his return to Business Insider as senior editor, where he will oversee the site’s commentary team and continue writing his thought-provoking columns on politics, business, and the economy. The announcement is set to be made on…
Google Explores Internet Expansion in Cuba
This weekend, a Google executive is set to visit Cuba, exploring ways to improve the island’s Internet access—a critical move amid the U.S.-Cuba thaw under President Obama. The company has reportedly made a proposal to the Cuban government, signaling growing…
Buffett Defends Burger King-Tim Hortons Deal Amid Tax Inversion Criticism
Warren Buffett, the billionaire CEO of Berkshire Hathaway, once again stood by the controversial $11 billion acquisition of Canadian chain Tim Hortons by Burger King, despite widespread criticism labeling the deal a corporate inversion aimed at circumventing U.S. taxes. Buffett,…
Microsoft’s Bold Move: 18,000 Job Cuts Announced
In a decisive step to reshape its future, Microsoft has announced plans to cut up to 18,000 jobs approximately 14% of its workforce—over the next year. This sweeping move is aimed at streamlining operations following the company’s acquisition of Nokia’s…
The Woman Behind Fortune’s Power Rankings
LAGUNA NIGUEL, Calif. — Pattie Sellers is a living example of how life’s unexpected twists lead you to where you’re meant to be. As Fortune’s senior editor at large, Sellers is a key figure in the world of business journalism,…
Women Entrepreneurs Driving Growth in Small Businesses
The landscape of small business ownership is evolving rapidly, and women are at the forefront of this transformation. Between 1997 and 2014, the number of women-owned businesses in the U.S. surged by 68%, nearly double the growth rate of male-owned…
Navigating the ACA: How Companies Are Adjusting Post-Target’s Health Care Shift
Target’s recent move to discontinue health coverage for its part-time workers and encourage them to sign up for coverage through the Obamacare exchanges is the latest in a series of high-profile corporate decisions that have sparked headlines and political debate….
Feds Embrace Tech Startups to Slash Costs and Spur Innovation
The federal government is turning to tech startups to transform its procurement process, reducing costs and streamlining operations. A pilot program called RFP-EZ, designed to simplify bidding for federal contracts, has demonstrated significant savings and attracted hundreds of new bidders,…
Twitter’s IPO: What Investors Need to Know
Twitter Inc.’s much-anticipated initial public offering (IPO) has created a wave of interest among investors and competitors alike, with the company’s recent 800-page filing offering new insights into its growth trajectory and efforts to monetize its short messaging platform. As…