News

Know all the recent happening in the business world, which companies have soared or gone down. Keep track of the business world in the News Section of Mr. Business Magazine.

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Luxury fashion powerhouse Kering is reportedly set to appoint Luca de Meo, current CEO of Renault, as its new chief executive, marking a significant CEO crossover from automobiles to high fashion. According to sources cited by Reuters, the move is part of Kering’s broader strategy to revitalize its portfolio, which includes iconic brands like Gucci…
Source www.forbes.com
Global Cloudflare Disruption on June 12, 2025 On June 12, 2025, Cloudflare outage experienced a severe service outage that disrupted several of its critical products and affected customers worldwide. The outage, which lasted for 2 hours and 28 minutes, impacted many of Cloudflare’s widely used services, including Workers KV, WARP, Access, Gatewa…
Source - www.credaily.com
State Insurance Commissioner Launches Investigation California Insurance Commissioner Ricardo Lara has announced a formal State Farm wildfire claims investigation into State Farm General, the state’s largest home insurer, following widespread complaints about its handling of claims from the devastating January wildfires. Lara’s department has in…
Source - www.ainvest.com
After a prolonged slowdown in fintech IPOs, the Chime IPO is set to test Wall Street’s appetite as it prepares to go public on the Nasdaq. The online banking provider has priced its shares between $24 and $26, aiming for a market capitalization of around $9.1 billion at the midpoint, a significant drop from its 2021 private valuation of $25 billion…
Source - variety.com
Mark Guiducci has officially been named the global editorial director of Vanity Fair, marking a significant return to the publication where he began his journalism career over a decade ago. Formerly the creative editorial director at Vogue since 2020, Guiducci's new appointment was announced via his Instagram, where he shared a cleaned-out profile …
Source - www.cheddarflow.com
What is usually a predictable event on Wall Street has this week become a focal point for global investors. The upcoming U.S. 30-Year Bond Auction, involving the sale of $22 billion in 30-year bonds is drawing intense scrutiny amid rising skepticism over long-term government debt. Market watchers are seeing the auction as a real-time gauge of inves…
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