The overall compensation for American Meta Platforms' founder and CEO Mark Zuckerberg in 2024 rose by $2.8 million, totaling $27.2 million, as announced by the company in a statement on the U.S. Securities and Exchange Commission (SEC) website. According to MarketWatch, this amount exceeds what any other leading executive at the company has been given. Since 2012, Zuckerberg's annual salary has...

The U.K.'s Competition Appeal Tribunal has filed a lawsuit against Google, a unit of Alphabet Inc., to claim over 5 billion pounds ($6.6 billion) in damages for its exploitation of a dominant position in the online search market to increase advertising costs. The class action lawsuit submitted on Wednesday claims that the IT giant is exploiting its power to limit competing search engines, thereby...

Louis Vuitton Moët Hennessy (LVMH, which includes brands like Louis Vuitton, Dior, jewelry label Tiffany, and cosmetics retailer Sephora) has ceded its position as the largest luxury goods firm by market capitalization in Europe to its competitor Hermès. On April 15, its shares dropped by 7.8 percent, whereas Hermès, known for its Birkin and Kelly handbags, grew by 0.2 percent, according to CNBC....

Bank of New York Mellon, the biggest custodian bank globally, saw a 21% rise in net income during the first quarter of 2025, with a 6% increase in revenue. The bank announced a net income of $1.15 billion, or $1.58 per share, for the January-March quarter, an increase from $953 million, or $1.25 per share, in the same period last year. The modified amount rose to $1.58 per share, up from $1.29....

The discussions of the Italian fashion label Prada regarding the acquisition of the Versace brand from Capri Holdings Ltd. have been threatened by the decline in global stock markets, as reported by The Wall Street Journal, citing sources. They stated that the parties had provisionally consented to a deal worth approximately $1.4 billion and intended to reveal it on the morning of April 10, but...

Analyst Ryan Brinkman from JPMorgan Chase & Co., among the most bearish analysts on Wall Street, reduced his profit outlook for Tesla, citing the extent of adverse customer feedback regarding Elon Musk's actions, according to a research note cited by Bloomberg. Bloomberg points out that Tesla's car deliveries in the first quarter of 2025 fell considerably short of even Brinkman's pessimistic...

According to the Bloomberg Billionaires Index, the fortunes of the 500 wealthiest individuals globally decreased by $208 billion on April 3, as stock markets plummeted following U.S. President Donald Trump's announcement of extensive trade tariffs. The losses rank among the top four in the 13-year history of the index’s calculation and are the most substantial since the height of the COVID-19...

The Competitions and Markets Authority (CMA) of the UK has declined to grant unconditional approval for a transaction wherein the US oilfield services firm SLB (previously named Schlumberger) aimed to purchase chemical and drilling solutions supplier ChampionX Corp. The regulator stated that the merger might result in a notable decrease in competition within the UK market. The CMA launched an...

American Amazon.com Inc., the leading online retailer globally, has made an offer to acquire the complete social network TikTok from Chinese company ByteDance, writes The New York Times, referencing sources. The proposal does not specify the of the social network's estimated value. Simultaneously, several stakeholders engaged in talks about altering TikTok's ownership structure reportedly view...