Author: Anthony M. Orbison

Good morning from the Salamander Resort in Middleburg, Va., where we are about to kick off the inaugural Fortune COO Summit. You can click here to join us for our livestreamed conversations today and tomorrow.   One reason we’re focused on chief operating officers, alongside our founding summit partner Cognizant, is that the COO role is making a comeback, often combined with other roles. Operational excellence is a prerequisite for success in everything from transformations to developing talent, especially at the speed demanded today.   Along with hearing from operating leaders at companies like Citi, Bayer, Carlyle, L’Oreal, Cognizant, Capital One, TPG,…

After the S&P 500 surged to 43 closing records this year, the stock market is full of questions. Will the rally continue? Is a correction coming soon? What’s the outlook for small-capitalization versus large-cap stocks? What’s the outlook for growth stocks versus value stocks?Don’t miss the move: Subscribe to TheStreet’s free daily newsletterTo answer these questions we turned to veteran market strategist Robert Doll, as part of our Expert Interview series. He’s now chief executive and chief investment officer of Crossmark Global Investments, which had $6.8 billion of assets as of June 30. Doll was formerly chief equity strategist at Nuveen and…

Closely followed analyst Benjamin Cowen says that Bitcoin (BTC) will likely continue to outshine altcoins for the foreseeable future. In a new strategy session, Cowen takes a look at Ethereum in its Bitcoin pair (ETH/BTC), which is often used as a gauge for altcoin strength. According to Cowen, ETH/BTC is in the process of bottoming out, but he forecasts that Bitcoin Dominance (BTC.D), which compares the market cap of Bitcoin to that of all digital assets, will continue to go up, potentially topping out at the 60% level. Before BTC.D tops out, Cowen says many altcoins will capitulate against Bitcoin.…

(Bloomberg) — Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer Inc. and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according to a person familiar with the matter.Most Read from BloombergStarboard has approached former Pfizer executives Ian Read and Frank D’Amelio to aid in its efforts, and they have expressed interest in helping, the person said, asking not to be identified discussing private information. It’s unclear in what capacity they would be involved. Read was Pfizer’s chief executive officer from 2010 to 2018 and chose current CEO Albert Bourla as his…

By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has asked state-run and private banks to refrain from betting heavily against the rupee in an effort to support the currency which has been teetering near record-low levels for the past three trading sessions, four sources said. The RBI informally communicated the instructions to bankers via phone calls on Monday with the rupee at risk of breaching its record low of 83.9850 per U.S. dollar, the sources said. The RBI has asked banks to avoid large bets against the rupee and the instructions are a form…

Base network saw over 34,000 high-risk vulnerabilities in its smart contracts, including malicious boolean checks and library tampering, according to new data. Blockchain networks face growing security challenges as malicious actors exploit vulnerabilities in smart contracts, with Coinbase’s Base network leading in high-risk detections. According to data from Trugard Labs, which identified risks using its Xcalibur tool, Base accounted for more than 34,000 high-risk detections in its smart contracts during August. The Coinbase-incubated network was particularly susceptible to Digital Signature issues, with nearly 22,000 detections related to tampering in standard libraries like SafeMath. Malicious boolean checks on token transfers also…

It took the US Department of Justice four years of painstaking preparation to win its sweeping antitrust case against Google’s online search dominance. What it will ultimately mean, however, depends on what happens next. Amit Mehta, the judge who branded Google a “monopolist” at the conclusion of the trial in August, will by Tuesday receive the DoJ’s proposed “high-level framework” for remedies in the case. They could range from restricting its ability to strike exclusive search agreements at the heart of the case to forcibly breaking up the company. A days-long hearing on the request is set for April, and Mehta…

If you’ve ever scrolled through TikTok, you may have encountered those captivating videos of a random influencer restocking and organizing their immaculate kitchen or guest bathroom with supplies like they’re prepping for the end of the world. You may have also seen those exaggerated “self-care routine” videos where influencers show off their 12-step skincare or haircare rituals, with each step requiring the use of a different product. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterIt is also pretty common to see influencers repeatedly tap their nails on the products they use in these videos, all in the name…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

Decarbonizing transportation will be essential for achieving climate change goals. The sector emits 23% of global CO2, with nearly half of that from cars and vans. So far, the focus of attention for reducing this figure has been on what comes out of the tailpipe. But that’s only part of how cars create emissions. BMW’s Head of Sustainability and Mobility Strategy, Dr Thomas Becker, says the production process needs much greater consideration. But decarbonizing automotive manufacturing is far from easy. According to the International Energy Agency, the average is 6 tons of CO2 for manufacturing an internal combustion car, or…