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Marco Quiroz-Gutierrez

Marco Quiroz-Gutierrez

Fortune

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Apple may strike a historic deal with FIFA—and give a major boost to its streaming service

The race to secure rights for live sports is heating up.

latest 2

Fortune

Marco Quiroz-Gutierrez

Meta’s Mark Zuckerberg avoided a cage match with Elon Musk but got a jab in anyway by passing him on the billionaires list

The Meta CEO is now the world’s third richest person.

yesterday 6

Fortune

Marco Quiroz-Gutierrez

A dot-com entrepreneur who once lost $6 billion in one day has made billions from the Bitcoin rally and his company's surging shares

Saylor has billions of dollars worth of paper gains from his holdings of MicroStrategy stock and his personal Bitcoin stash.

20.04.2024 20

Fortune

Marco Quiroz-Gutierrez

Tesla CEO Elon Musk wants $45 billion but the company has shed $700 billion in market cap value

The board is asking shareholders to approve Musk’s compensation package after it was struck down by a Delaware judge.

19.04.2024 10

Fortune

Marco Quiroz-Gutierrez

The Justice Department wants to cut down on corporate misbehavior by offering wrongdoers leniency

The program excludes CEOs and chief financial officers.

18.04.2024 7

Fortune

Marco Quiroz-Gutierrez

The U.S. economy is looking red hot this year while China is showing signs of fatigue, top economists say

How the Fed handles inflation could play a role in future growth projections.

16.04.2024 4

Fortune

Marco Quiroz-Gutierrez

Adobe launches AI tool meant to let customers ‘have a conversation with’ PDF documents, as companies look to roll out add-ons to existing product lines

Some experts say AI chatbots will continue to proliferate.

16.04.2024 10

Fortune

Marco Quiroz-Gutierrez

Fortune partners with Accenture on AI tool to help analyze and visualize the Fortune 500: ‘You can’t ask a spreadsheet a question’

Fortune’s incoming CEO, Anastasia Nyrkovskaya, said the tool will draw on decades of proprietary data.

15.04.2024 5

Fortune

Marco Quiroz-Gutierrez

The go-to cheat for feeding your kids—Lunchables—has lead in it, and maker Kraft says it is a naturally occurring part of food products

“We don’t think anybody should regularly eat these products, and they definitely shouldn’t be considered a healthy school lunch,” said a...

12.04.2024 5

Fortune

Marco Quiroz-Gutierrez

Video games are turning into streaming TV, putting ads into America's favorite entertainment form

Roblox will soon allow programmatic ad buys for video-based billboards in its virtual world.

12.04.2024 4

Fortune

Marco Quiroz-Gutierrez

Starbucks is quieting its buzzy coffee shops with sound-absorbing materials to help cut down on wrong orders

The coffee shop chain is betting that ceiling baffles will help make its indoor spaces quieter.

11.04.2024 6

Fortune

Marco Quiroz-Gutierrez

Google is building its own AI chips—and it’s a warning shot at Nvidia and Intel

The race to make better chips to fuel AI is heating up.

10.04.2024 6

Fortune

Marco Quiroz-Gutierrez

Spirit Airlines is furloughing pilots and delaying delivery of new jets in a bid to juice its liquidity by $340 million

The airline’s merger with JetBlue fell through earlier this year.

09.04.2024 5

Fortune

Marco Quiroz-Gutierrez

Boeing forks over $160 million to Alaska Airlines to make up for the January door plug incident—and more payments are expected

Alaska Airlines said more payments will come later.

06.04.2024 10

Fortune

Marco Quiroz-Gutierrez

Musk steps in to stem Tesla’s stock bleeding on report that it’s shuttering a long-planned $25,000 EV

Now Tesla is down only $19 billion or so on the day, after a Reuters report had wiped out $32 billion of value.

05.04.2024 3

Fortune

Marco Quiroz-Gutierrez

Ford retreats amid slowing EV market, punting new F-series to 2027 to allow ‘consumer market for three-row EVs to further develop’

The company previously cut production for its existing F-150 Lightning pickup truck.

05.04.2024 5

Fortune

Marco Quiroz-Gutierrez

Sam Bankman-Fried's mom tried to explain her son to the judge—’he has never felt happiness or pleasure in his life and does not think he is capable of feeling it’

"He has never been interested in praise, and has always deflected it," Barbara Fried wrote of SBF as she pleaded for a lenient sentence.

05.04.2024 70

Fortune

Marco Quiroz-Gutierrez

Tesla reports its first year-over-year sales decline since the pandemic—and its shares are plummeting

The company said Red Sea shipping disruptions and an arson attack on its factory in Germany were partly to blame.

02.04.2024 40

Fortune

Marco Quiroz-Gutierrez

Warren Buffett-backed EV maker BYD surprises with stellar first quarter sales as Tesla continues to slide

BYD surpassed Tesla in quarterly sales for the first time late last year.

02.04.2024 10

Fortune

Marco Quiroz-Gutierrez

AT&T pushes a master passcode reset on millions of customers after troves of personal data leaked to the dark web

AT&T maintains there was no breach of its systems, but millions of current and former customers were affected.

01.04.2024 3

Fortune

Marco Quiroz-Gutierrez

Tesla scraps Elon Musk’s no-advertising mantra as stock nosedives nearly 30% this year

The company has long abstained from digital advertising in favor of word-of-mouth promotion and the starpower of its CEO.

30.03.2024 20

Fortune

Marco Quiroz-Gutierrez

Judge slaps down lawsuit by Elon Musk’s X against a nonprofit, saying it’s ‘unabashedly’ about punishing them for researching hate speech on the platform

Judge Charles Breyer made it clear he believed Musk’s company was trying to punish the nonprofit and “dissuade” others from criticizing it.

26.03.2024 40

Fortune

Marco Quiroz-Gutierrez

Binance executive flees ‘unlawful custody’ in Nigeria days before government files tax evasion charges

Nadeem Anjarwalla was one of two Binance employees held since February.

25.03.2024 5

Fortune

Marco Quiroz-Gutierrez

Elon Musk’s $250 billion Tesla losing streak takes another lurch downward on reports of a production cut at his China plant

Late last year, Warren Buffett-backed [hotlink]BYD[/hotlink] toppled Tesla as the world’s leading electric carmaker by sales.

22.03.2024 3

Fortune

Marco Quiroz-Gutierrez

Watch out Taylor Swift and C-suite execs, Biden’s new tax proposals aim to crack down on the corporate jet tax write off

Biden’s proposed changes to the tax code, if adopted by Congress, could make it more expensive to take the jet.

22.03.2024 6

Fortune

Marco Quiroz-Gutierrez

IBM stock nears an all-time high—and it may have something to do with its CEO replacing as many workers with AI as possible

The company said in its fourth quarter earnings that its AI book of business doubled compared to the prior quarter when it was in the “low hundreds...

21.03.2024 10

Fortune

Marco Quiroz-Gutierrez

United CEO speaks out on Boeing, says 5 incidents in a month ‘have our attention and have sharpened our focus’

The chief executive, Scott Kirby, previously said he was “disappointed” with Boeing for its manufacturing challenges.

19.03.2024 4

Fortune

Marco Quiroz-Gutierrez

China is eating Japan’s lunch when it comes to EVs so two of its biggest automakers have joined forces to avoid being ‘wiped out’

China’s BYD surpassed Tesla as the world’s biggest EV maker by sales in the last quarter of 2023.

15.03.2024 5

Fortune

Marco Quiroz-Gutierrez

Congress’ push to outlaw TikTok follows years of concern from elected officials about Chinese election interference and espionage

Top government watchdogs have raised concerns over Chinese Communist Party influence and malware-compromised devices.

14.03.2024 3

Fortune

Marco Quiroz-Gutierrez

Jerome Powell just revealed a hidden reason why inflation is staying high: The economy is increasingly uninsurable

Housing and auto insurance costs are soaring because of climate change and more expensive car parts, says Fed Chairman Jerome Powell.

13.03.2024 30

Fortune

Marco Quiroz-Gutierrez

Boeing’s awful start to 2024 just got worse after 50 people were injured on one of its planes due to a ‘technical event’

Boeing’s shares have plummeted 23% since the start of the year, thanks in part to a series of incidents involving its planes.

12.03.2024 20

Fortune

Marco Quiroz-Gutierrez

TikTok floods Congress with complaints over a potential ban—making politicians’ point for them

The campaign led to a flurry of calls to lawmakers. That’s the idea, lawmakers said.

09.03.2024 4

Fortune

Marco Quiroz-Gutierrez

Ray Dalio says Taylor Swift is better at bringing Americans together than Trump or Biden

The hedge-fund billionaire said he obviously needs to work on his selfies, but his endorsement of Taylor Swift for president was a "half-truth."

08.03.2024 9

Fortune

Marco Quiroz-Gutierrez

Chernobyl’s radiation-proof worms are unlocking a key field of cancer research

Studying the difference in the worms’ tolerance to carcinogens could help future cancer research.

08.03.2024 5

Fortune

Marco Quiroz-Gutierrez

Panera franchise billionaire will comply with California minimum wage law—after unusual bread-baking exemption prompts ‘absurd’ outcry from Gavin Newsom’s office

"Although we attended the same high school, I never met him there and in fact didn’t meet him until decades later," Greg Flynn said about Democratic...

07.03.2024 10

Fortune

Marco Quiroz-Gutierrez

Investor Nelson Peltz blasts CEO Bob Iger in 133-page activist memo—To ‘restore the magic,’ Disney needs to scrap sequels and reclaim the lead on animated films

Peltz will seek a board seat for himself and Disney’s former CFO at the company’s annual shareholder meeting next month.

06.03.2024 5

Fortune

Marco Quiroz-Gutierrez

Sergey Brin, who ‘kind of came out of retirement’ to work on AI, says Google ‘definitely messed up’ with Gemini’s racial image generation problem

The Google cofounder said it’s unclear why Gemini, which served up a Black Hitler and a Black pope, “leans left in many cases.”

04.03.2024 2

Fortune

Marco Quiroz-Gutierrez

Bitcoin is hurtling toward its record high of $69,000. Experts see $200,000 in sight

A combination of the “halvening” and inflows from spot Bitcoin ETFs are fueling the rise.

02.03.2024 9

Fortune

Marco Quiroz-Gutierrez

Sam Bankman-Fried claims his autism spectrum disorder means he’s ‘uniquely vulnerable’ and so he shouldn’t go to prison for 100 years

Lawyers for SBF said that the ex-FTX founder is at risk of violence because of his social deficiencies.

29.02.2024 10

Fortune

Marco Quiroz-Gutierrez

Jamie Dimon is unfazed by the $36 billion Capital One-Discover merger that could leapfrog JPMorgan: ‘Let them compete’

Dimon said regulators shouldn’t stand in the way of the merger.

27.02.2024 3

Fortune

Marco Quiroz-Gutierrez

AT&T may have to shell out millions after its network failed last week—but customers are pissed they’re only getting $5

Some AT&T customers rebuffed the offer, saying they would have rather gotten nothing at all.

26.02.2024 6

Fortune

Marco Quiroz-Gutierrez

$24.6 billion mega deal rocked by Colorado AG’s claim supermarkets colluded not to hire each other's workers

The proposed merger would create a grocery behemoth that would compete with Walmart in the U.S.

22.02.2024 10

Fortune

Marco Quiroz-Gutierrez

Walmart sales are up, but it’s flashing a warning sign about buying habits

CEO Doug McMillon said the company’s customers are “resilient but looking for value.”

21.02.2024 10

Fortune

Marco Quiroz-Gutierrez

Nike lays off more than 1,500 people as CEO says ‘I ultimately hold myself and my leadership team accountable’

The company is laying off staff to “reignite our growth,” having previously announced it would cut its costs by $2 billion over the next three...

17.02.2024 30

Fortune

Marco Quiroz-Gutierrez

It’s a dark time to be a tech worker right now

Nearly 300,000 tech employees have been laid off since last year, data shows.

14.02.2024 3

Fortune

Marco Quiroz-Gutierrez

You're not imagining it—there really are fewer shows to watch and it's because 'peak TV' really did peak last year

FX Networks' John Landgraf coined the term “peak TV” in 2016 and it took until 2023, but the number of scripted shows just saw its biggest drop in...

12.02.2024 20

Fortune

Marco Quiroz-Gutierrez

You’re going to pay more for your chocolate bars because of El Nino and climate change in Africa. Just look at what chocolate firms are saying

Cocoa futures jumped to their highest price in 65 years on Friday, while Hersey and Cadbury warned the market.

09.02.2024 5

Fortune

Marco Quiroz-Gutierrez

Bob Iger is righting the ship at Disney, earnings reveal. Here’s how he’s doing it

The boomerang CEO is trying to stave off a proxy challenge from activist investor Nelson Peltz.

09.02.2024 4

Fortune

Marco Quiroz-Gutierrez

Legendary investor Paul Tudor Jones says a 'debt bomb' is about to go off in the U.S.: 'We're fast-pouring consumption like crazy'

Jones said that while the economy was strong, the government’s spending and borrowing put it “on steroids.”

08.02.2024 3

Fortune

Marco Quiroz-Gutierrez

Five years after getting ousted from WeWork, former CEO Adam Neumann tries to buy his former company out of bankruptcy

Neumann was forced out in 2019 following the company's failed IPO.

06.02.2024 3

Fortune

Marco Quiroz-Gutierrez

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