News

NBC CEO Jeff Shell steps down

Published

1 year ago

April 24, 2023

ticker NEWS

Shell is leaving after acknowledging an inappropriate relationship with an employee

NBC Universal will undergo a major shakeup as the CEO stands down.

Chief Executive Jeff Shell is leaving after acknowledging he has engaged in an inappropriate relationship with a fellow employee.

Parent company Comcast confirmed the decision.

Shell has been with Comcast for two decades and will leave immediately.

In a statement, Shell says: “[He] had an inappropriate relationship with a woman in the company, which [he] deeply regrets.”

Prior to his current role, Shell was the chairman of NBCUniversal Film and Entertainment.

As CEO, he oversaw the company’s broad portfolio of businesses, including the Universal film and television business, the Peacock streaming service and Universal’s theme parks.

During a period when rival groups were investing heavily in streaming, Shell adopted a more conservative approach.

Peacock was conceived under his predecessor, and was designed to preserve the familiar television business model, relying on advertising instead of exclusively on subscription revenue.

Peacock has made gains, though they are smaller than rival services.

Money

Why is “Stagflation” so significant?

Published

39 mins ago

May 6, 2024

ticker NEWS

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

42 mins ago

May 6, 2024

ticker NEWS

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

2 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity