It’s earnings season!
Yes, a few companies like Delta Air Lines and BlackRock reported earlier this week, but it’s the releases from four big banks JPMorgan Chase, Citigroup, Wells Fargo and PNC Financial Services that really signal the starting gun has fired.
The numbers, so far, are pretty good. JPMorgan smashed results, earning $3.79 a.
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From
VMware, Pat Gelsinger, effective Feb. 15. Since Swan took over in 2019, Intel has divested from non-core assets while making acquisitions that
strengthened its core business. But as
Barron’s notes, “Swan doesn’t have semiconductors in his DNA and is known as more of a software and finance executive than a man with deep technical expertise.” Gelsinger, on the other hand, is
a prominent technical expert in the chip industry. He’s a trained engineer who has written a microprocessor programming book, holds several patents, helped create Wi-Fi technology and spent three decades at Intel earlier in his career. “After careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel,” Intel chairman Omar Ishrak said in a statement.
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Elon Musk is now the world’s richest person and his rise to the top spot is a blueprint for would-be billionaires everywhere.
Tesla founder Musk is now worth an estimated $195 billion, according to the Bloomberg billionaires index, eclipsing Jeff Bezos’s net worth of $185 billion.
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Bezos held the top spot for about three years. He got there by being an e-commerce-pioneer. Musk topped the list by getting electric vehicles right. And that’s the key to becoming the richest person in the world: Build a new, globally relevant industry.