At a Wall Street conference in December, Toby Neugebauer, the CEO of Fermi America, pitched his company as a cutting-edge utility built to power the artificial intelligence boom. "We're one of the most sophisticated utilities on the planet," Neugebauer told an audience of UBS clients. "There will not be a more sophisticated utility. When you look at redundancy, when you look at technology, there won't be another one."There's just one problem. Fermi America has a specialized corporate structure that limits i ...

AI has thrown a wrench into various pockets of the stock market this year. An investment chief says it also has the potential to cause problems in the debt market. Over the last few weeks, AI updates from Anthropic and other firms have threatened business models in numerous industries, but perhaps none more than software. Publicly traded software firms have seen their share prices decline sharply, and private companies have delayed IPOs after seeing valuations fall.The rout has created concerns that some fi ...

Core Viewpoint - Kraft Heinz is undergoing a strategic shift under new CEO Steve Cahillane, who acknowledges that previous cost-cutting measures have negatively impacted the company's performance and plans to invest in rebuilding capabilities and brand relevance [1][2][4]. Group 1: Financial Performance - Kraft Heinz's shares have decreased approximately 74% from their peak in 2017, indicating significant financial struggles [2]. - The company anticipates a decline in organic net sales between 1.5% and 3.5% for the current year [2]. - Berkshire Hathaway is contemplating an exit from its investment in Kraft Heinz after incurring a $3.8 billion write-down on its stock last year [3]. Group 2: Strategic Changes - Under Cahillane's leadership, Kraft Heinz plans to invest $600 million in various areas, including research and development and marketing, to enhance its operational capabilities [4]. - The company is pausing a planned break-up to focus on strengthening its core business [4]. Group 3: Product Innovation - Kraft Heinz is experimenting with new product formats, such as selling Capri-Sun drinks in plastic bottles, which have shown early success in increasing popularity among teenagers [5]. Group 4: Brand Relevance - Cahillane emphasizes the need to make Kraft Heinz's iconic brands relevant for today's consumers, acknowledging that the company has relied too heavily on its established brand names without adapting to current market demands [6].

JPMorgan plans to boost its technology budget by almost $2 billion this year, to $19.8 billion — a roughly 10% increase compared to 2025. Speaking at the firm's 2026 company update on Monday, CFO Jeremy Barnum said "technology remains a major driver of our expense growth," which is up around $9 billion for the year. The bulk of the tech expenses comes from $1.2 billion in investments, including some AI-related projects. Later in the presentation, CEO Jamie Dimon said that returns on AI are difficult to quan ...

Paramount Skydance is staring down a key deadline in its pursuit of Warner Bros. Discovery, but it doesn't need to make a move quite yet. David Ellison and company have been able to negotiate directly with WBD's leadership team in recent days for the first time in months — thanks to Netflix, Paramount's rival in the bidding war.Netflix granted WBD, its deal partner, a weeklong waiver on negotiation exclusivity that expires at midnight on Monday. The company said it hoped these talks between Paramount and WB ...

Fears of a software apocalypse are pummeling markets again to start the week. US stocks dropped on Monday as traders reacted to new tariff uncertainty, while software in particular was pummeled by renewed fears of AI disruption prompted by a downgrade of Salesforce stock and a note making the rounds that theorized the AI boom could ultimately lead to a white-collar recession and a stock crash. Major indexes lost more than 1% as investors continued to digest recent trade policy changes, including President D ...

DoorDash is extending its pause on deliveries in New York City as the Northeast digs out from a major snowstorm. The delivery service is keeping its operational pause until at least 2 pm ET on Monday, a company spokesperson told Business Insider. DoorDash previously said the pause would last until noon.As of Monday morning, New York City had received 15 inches of snow after a blizzard hit the region late Sunday and early Monday. The storm also snarled flights and cut off power to thousands. DoorDash's pause ...

The head of Netflix has responded publicly for the first time to President Donald Trump's calls for it to remove Susan Rice from its board. "This is a business deal. It's not a political deal," Ted Sarandos, the co-CEO of Netflix, told the BBC's Today program on Monday, referring to the company's bid to buy Warner Bros. "This deal is run by the Department of Justice in the US, and regulators throughout Europe and around the world."In a Saturday Truth Social post, Trump called on Netflix to fire Rice, a form ...

Call it De-Liberation Day. The Supreme Court blocked a significant chunk of President Donald Trump's sweeping tariff policy on Friday. But instead of closing the chapter, it's opened an entirely new book that no one seems to understand.Let's break it down: Return of the tariffs. Despite the setback, the president isn't backing down. This weekend, he announced plans to impose a 15% "worldwide" tariff. That's thanks to Section 122, which allows him to briefly implement tariffs broadly. However, they can only ...

Netflix wants President Donald Trump's stamp of approval as it maneuvers to buy Warner Bros. Discovery. Now, Trump has a demand for Netflix: unseat board member Susan Rice.In normal times, we would all be marveling at the spectacle of the US president telling a company in the midst of a merger fight (Paramount also wants to buy Warner Bros. Discovery) how to structure its board. During Trump 2.0, though, this has become standard stuff. Trump routinely tells companies to fire someone he doesn't like or do so ...