Nearly two decades after its founding, Etsy has grown from a niche marketplace for handcrafted goods to a multi-billion-dollar e-commerce powerhouse, boasting over seven million sellers and more than 90 million buyers. Speaking at the Web Summit tech event in Lisbon, CEO Josh Silverman emphasized that artificial intelligence is now...

The 2024 KPMG CEO Outlook gathered perspectives from over 1,300 CEOs at major global corporations, including 400 based in the United States, to assess how they are navigating ongoing market volatility. The study highlighted that while CEOs are eager to capitalize on the potential of generative AI (GenAI), challenges such...

Nadhmi al-Nasr, the long-standing CEO of Saudi Arabia's $500 billion Neom development, has stepped down, according to an announcement from Neom on Tuesday. The statement did not disclose the reasons behind his departure. Neom, a key part of Crown Prince Mohammed bin Salman's Vision 2030 initiative, is one of several...

Principal Financial Group recently announced that Deanna Strable will assume the role of chief executive officer, effective January 7, 2025. Strable, who currently holds the position of chief operating officer, will succeed Dan Houston. Houston will transition to the role of executive chair of the board of directors. Houston expressed...

A recent KPMG report predicts that India is on the cusp of launching one of the most extensive infrastructure programs of the 21st century. The report emphasizes that securing both foreign and domestic capital through innovative financial structures and streamlined investment processes will be critical to the initiative's success. This...

On November 12, 2024, the VIA Metropolitan Transit Board of Trustees unanimously approved the appointment of a new President and CEO for the region’s transportation network. Jon Gary Herrera is set to take over the role from outgoing CEO Jeffrey C. Arndt, starting January 4, 2025. Arndt’s leadership has been...

Former WWE chairman, CEO, and creative head Vince McMahon is no longer counted among America’s 400 wealthiest individuals. Last year, the 79-year-old held the position of executive chairman at TKO, the parent company of WWE and UFC, owned by Endeavor Group Holdings. However, McMahon stepped down from his role in...

A recent global survey conducted by Slack reveals a stark divide between executives and employees regarding the significance of artificial intelligence in the workplace. The study, which polled 17,372 desk workers across 15 countries—including Australia, Brazil, Canada, France, Germany, India, Italy, Japan, and the US—was conducted between August 2-30, 2024....

Bernard Arnault, Europe's wealthiest individual, has initiated a lawsuit against Elon Musk's social media platform X, accusing it of using content from his newspapers without proper payment. The legal case has been launched jointly by Le Parisien and Les Echos, two prominent French daily newspapers owned by Arnault's luxury conglomerate...