Siemens Gamesa replaces CEO after run of profit warnings

Siemens Gamesa has again replaced its chief executive after profit warnings that have almost halved the market value of the world’s largest offshore wind turbine maker over the past year. The global supply chain crisis has hit the wind power sector particularly hard because of the industry’s razor-thin margins, complex logistics, and international supply chains. … Read more

Credit Suisse: Here are 16 stocks with upside 'looming' this year

Credit Suisse picked stocks from across the United States, Europe and Asia that it predicts will take off thanks to particular "inflection points" in 2022.

AMC’s meme-stock recovery helps it cut debt costs with fresh $1bn deal

AMC Entertainment chief executive Adam Aron has fulfilled a new year’s resolution to bring down the cinema chain’s interest payments, capitalizing on its status as a beneficiary of last year’s meme stock craze to borrow nearly $ 1bn from investors to refinance more costly debt. The fundraising organized by Citigroup received blockbuster investor demand, allowing … Read more

Spotify warns it is ‘too early’ to calculate impact of Joe Rogan row

Daniel Ek, Spotify chief executive, told investors it is “too early to know” whether the backlash over Joe Rogan’s podcast has cost the company customers, his first acknowledgment that the fallout could affect the business financially. “Usually when we’ve had controversies in the past those are measured in months, not days”, I said on a … Read more

Facebook says Apple iOS privacy change will cost $10 billion this year

Facebook Chief Executive Officer and founder, Mark Zuckerberg, leaving the Merrion Hotel in Dublin after meeting with Irish politicians to discuss regulation of social media, transparency in political advertising and the safety of young people and vulnerable adults. On Tuesday, April 2, 2019, in Dublin, Ireland. Artur Widak | NurPhoto | Getty Images Facebook parent … Read more

$320 million stolen from Wormhole, bridge linking solana and ethereum

The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images One of the most popular bridges linking the ethereum and solana blockchains lost more than $ 320 million Wednesday afternoon in an apparent hack. It is DeFi’s second-biggest exploit ever, just after the $ 600 million Poly Network crypto heist, and … Read more