Markets

A Pioneering China Billionaire Is Upbeat About Giving And The Future

Cho Tak Wong has spent five decades of his life building up Fuyao Glass, one of the world’s largest glass manufacturers. His success is part of the boom that has turned China into the world’s No. 2 economy and generated a bumper crop of corporate leaders and billionaires that have…

Deloitte Digital’s Mark Singer Says CMOs Have to Be OK With Ambiguity

“There is no playbook for how marketing is working today,” said Mark Singer, chief marketing officer at Deloitte Digital.Successful CMOs have to be “entrepreneurial and very comfortable in ambiguity,” Singer said. That requires a kind of bravery, he said, not only about trying new things but also being ok knowing…

U.S. Banking On ‘Co-Innovation’ For Its Trillion Dollar Energy Build

The United States is embarking on its biggest energy buildout in a generation. One that will likely need all participants in the country’s infrastructure development ecosystem to not just collaborate and but ‘co-innovate.’ From offshore oil and gas exploration to utility-scale renewables, nuclear to the country’s much talked about liquefied…

Unilever Leandro Barreto Says Creators Changed Vaseline’s Future

Vaseline is a 155-year-old brand that has been “reinvented through the hands of creators,” said Leandro Barreto, chief marketing officer at Unilever. Barreto said brand leaders thought Vaseline was a straightforward beauty brand, but they learned that customers use the product in many different ways — like on their dog’s…

Why Energy And Industrial Startups Head To The Munich-Dresden Corridor

As Europe searches for its next wave of energy transition and industry 4.0 solutions, technology startups driving the continent’s fourth industrial revolution or “4IR” are increasingly heading to a particular part of Germany in their droves – the Munich-Dresden corridor. An aggregation of Deutscher Startup-Verband and registry origination data from…

Meta just named a new CMO

Meta is getting a new CMO.Denise Moreno is stepping into the role as Alex Schultz, the former CMO, becomes Meta’s first chief data officer, the company shared Wednesday.Schultz is moving into the data officer role at a time when Meta, along with other tech giants, ramps up its AI spending.…

What smart people are saying about the return of Anthropic’s Fable 5

In a Wednesday X post, Aaron Levie said the resolution could set an important precedent for how future frontier AI models are reviewed, particularly those with advanced coding, cyber, and biosecurity capabilities.”The only note of caution here would be that there’s a lot of subjectivity that goes into various risks…

Bank of America CEO Moynihan dismisses recession fears over rate hikes

While Wall Street prepares for the prospect of a more aggressive Federal Reserve, Bank of America CEO Brian Moynihan has a reassuring message for anxious investors. Despite Bank of America’s issuing the most hawkish forecast on Wall Street — predicting three interest rate hikes under Federal Reserve Chair Kevin Warsh…