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AI-Fueled Stock Boom Means This Former Microsoft Employee Could Soon Outshine Bill Gates In Billionaire Rankings
Monday, October 30, 2023 - 8:53pm | 584The former CEO of Microsoft, Steve Ballmer, is swiftly climbing the ranks of the world’s wealthiest, soon expected to surpass his predecessor, Bill Gates. What Happened: As per Business Insider’s Sunday report, Ballmer’s net worth has seen an estimated growth of $29 billion this...
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Market Wrap For February 4: Investors And Traders Go Bargain Hunting
Tuesday, February 4, 2014 - 5:40pm | 2983U.S. stocks rose today as investors and traders felt that there were plenty of bargains in the market to be found. "Today is just a bounce. I don't think there is really that much behind it, other than some bargain hunters stepping in," Robert Pavlik, a chief market strategist said to CNBC....
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Microsoft Officially Announces Satya Nadella As CEO
Tuesday, February 4, 2014 - 11:26am | 725On Tuesday, Microsoft (NASDAQ: MSFT) officially announced Satya Nadella as its Chief Executive Officer ending months of speculating and guessing by investors and analysts. "During this time of transformation, there is no better person to lead Microsoft than Satya Nadella," said Bill Gates,...
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Market Wrap For January 31: Markets End January On Sour Note
Friday, January 31, 2014 - 5:38pm | 2825U.S. stocks fell steeply on Friday as Wall Street recorded its first monthly loss since August. Investors have plenty on their plate to worry about from emerging markets, an earning season failing to ignite excitement and a lackluster consumer confidence that is being felt by many retailers who...
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Market Wrap For January 30: Markets Focus on Good News
Thursday, January 30, 2014 - 6:06pm | 2831U.S. stocks rose on Thursday as investors and traders focused on the positives. Data showed that the economy expanded in the fourth quarter as consumer spending gained traction. "Today the market is focused on the good news, or the developed world," Bill Stone, chief investment strategist at...
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Microsoft's CEO Search Nearing Completion, Announcement Coming Soon
Thursday, January 30, 2014 - 1:30pm | 402After 160 days, Microsoft (NASDAQ: MSFT) could name its new CEO very shortly, according to Re/code's Kara Swisher. Citing sources close to Microsoft, Swisher wrote that Microsoft could name its new CEO within the next week. And it's about time given the fact that “Google changed its strategy...
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Market Wrap For January 8: Fed Minutes Released
Wednesday, January 8, 2014 - 5:39pm | 2250Major indices finished Wednesday's trading session relatively flat as the Fed's minutes released had no impact on the markets. Minutes released from the Federal Reserve's latest meeting re-affirmed that many members on the committee wanted to proceed with caution in trimming the $85 billion...
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Mulally's Absence Strengthens Speculation CEO Will Be Leaving Ford
Wednesday, December 18, 2013 - 3:17pm | 398As each day passes, it is becoming clear that Ford Motor (NYSE: F) and its current CEO Alan Mulally are set to part ways. Reuters reported that Mulally was recently absent at a key weekly meeting where top executives gather to work through some of the company's most pressing issues. Taking Mulally...