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Amanda Gerut

Amanda Gerut

Fortune

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Elon Musk just had his last day with DOGE, which he says became a ‘scapegoat’ for government cuts

President Trump honored the Tesla CEO with a farewell press conference in the Oval Office on Friday.

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Fortune

Amanda Gerut

‘Anthony from Staten Island’ said he developed a chat tool for Meta. His entire identity was fake. 

A suspected North Korean IT worker tried to get a tech role at an identity verification firm.

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Fortune

Amanda Gerut

A federal court just killed Trump’s tariff program, immediately striking them down nationwide

The Court of International trade has struck down Trump’s “unlimited emergency tariffs on global trade” in a crushing blow on Wednesday.

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Fortune

Amanda Gerut

Supreme Court gives Trump unprecedented power to fire regulators—except Federal Reserve Chair Jerome Powell

President Trump has won a legal fight over his power to dismiss the heads of certain regulatory heads, but the Federal Reserve Board remains off...

23.05.2025 20

Fortune

Amanda Gerut

Chipotle employees are rising through the ranks and making 6 figures after Guild suggested a simple switch that transformed the workforce

A little-known secret among corporate giants is that traditional tuition-reimbursement programs often create barriers for entry-level workers, said...

22.05.2025 2

Fortune

Amanda Gerut

The CEO trap—why 70% of CHROs depart after a change at the top

There’s a survival guide for being a C-suite HR leader, and it requires thinking like an investor and leading like a CEO, says leadership...

20.05.2025 4

Fortune

Amanda Gerut

‘This is the mafia’ — How North Korea structures its IT workers like an organized crime syndicate

The North Korean IT workers scheme rakes in $250 million to $600 million per year and billions in crypto, according to UN estimates.

18.05.2025 6

Fortune

Amanda Gerut

Chinese companies are secretly powering North Korea’s global IT workers scheme

A host of Chinese front companies could be helping North Korean IT workers infiltrate U.S. businesses, a report reveals.

14.05.2025 10

Fortune

Amanda Gerut

Democratic state treasurers rip GOP over budget bill — ‘taxing Barbies and G.I. Joes if you can even find them on store shelves’

The impact of the budget, tariff policy, and cuts to federal programs would lead to an outflow in domestic investment as wealthy investors look...

13.05.2025 10

Fortune

Amanda Gerut

The North Korean IT worker scheme infiltrated an American election campaign website

Software developers from the Democratic People’s Republic of Korea continue to conceal their identities to get jobs with American firms in violation...

12.05.2025 2

Fortune

Amanda Gerut

In a first, a pension fund has voted to block new investments in Tesla: ‘Musk has destroyed the brand’

“He doesn’t seem to care that when he’s out there with a chainsaw it impacts people,” said Controller Mark Pinsley.

09.05.2025 9

Fortune

Amanda Gerut

Credit Suisse admits scheme to hide more than $4 billion in offshore accounts for ultra-rich Americans

Credit Suisse’s services unit agreed to pay $511 million in fines, penalties, restitution, and forfeitures, authorities said.

06.05.2025 10

Fortune

Amanda Gerut

Super Micro stock plunges after surprise customer delays cost up to $1.4 billion in sales

The tech giant issued a preliminary earnings announcement reporting lower-than-expected financial results.

30.04.2025 7

Fortune

Amanda Gerut

Don’t expect SEC enforcement to just disappear under new chairman Paul Atkins, warn 3 former general counsels 

Accounting and disclosure fraud and insider trading are likely to be key enforcement priorities at the SEC.

28.04.2025 10

Fortune

Amanda Gerut

CEOs are in distress and consumers fear job losses amid ‘stagflation shock,’ economist warns

New research from Apollo Global Management outlines the tariff impact on U.S. businesses and consumers. Signs are pointing toward recession by summer.

28.04.2025 10

Fortune

Amanda Gerut

A starter home now costs $1 million in half the states in the U.S., report reveals 

The spring home-buying season is suppressed due to lower consumer confidence and affordability issues.

27.04.2025 2

Fortune

Amanda Gerut

Nail salon employee pleads guilty after holding 13 remote IT jobs worked by developers in China

The man had no experience in IT, but let overseas workers use his driver’s license and U.S. passport to get jobs in tech.

27.04.2025 20

Fortune

Amanda Gerut

Ex-FTC commissioner accuses former chair Lina Khan of ‘procedural shenanigans’ that iced M&A activity

A former FTC official who served under Khan said the accusation was “shockingly out of touch with reality.”

27.04.2025 9

Fortune

Amanda Gerut

Elon Musk was supposed to work in government as a special employee for 130 days. He just pledged to spend ‘a day or two’ per week for the remainder of Trump’s 4-year term

With roughly 36 weeks left in the year, Musk could spend between 36 and 72 more days aiding President Trump this year—on top of the roughly 90 days...

23.04.2025 9

Fortune

Amanda Gerut

Elon Musk claims Tesla demonstrators are somehow being paid by the government ‘waste and fraud’ he is fighting with DOGE—they just won’t admit it

Musk offered no evidence for his claims but described the protests as “natural blowback” on Tesla from those on the receiving end of the fraud.

23.04.2025 50

Fortune

Amanda Gerut

First American Financial will shell out millions in severance to its former CEO after surveillance footage allegedly captured him strangling a barefoot partygoer 

The board of the $6 billion financial firm showed CEO Kenneth D. DeGiorgio the exit after he was arrested and charged with misdemeanor assault in...

22.04.2025 8

Fortune

Amanda Gerut

Fake LinkedIn profiles, Webex, and Fiverr: Inside the North Korean IT worker scheme roiling the Fortune 500

The IT worker scam has impacted Fortune 500 companies that authorities say unwittingly hired thousands of North Korean engineers pretending to be...

18.04.2025 6

Fortune

Amanda Gerut

United Airlines plans for two outcomes in the economic fog — weaker but stable and full-blown recession

The airline issued dual-guidance benchmarks in the face of extreme market uncertainty.

16.04.2025 10

Fortune

Amanda Gerut

North Korean IT workers are spamming tech firms with fake résumés. One founder says he came up with ‘a foolproof way’ of weeding them out

Trained North Korean engineers are getting legitimate jobs in tech to fund their country’s weapons of mass destruction program.

10.04.2025 2

Fortune

Amanda Gerut

Markets might be celebrating but every portfolio manager is trying to figure out how long the roller coaster will last, PM says

With China tariffs increased to 125% but other tariffs on pause, there is a treasure trove of open questions for investors and CEOs to contend with.

10.04.2025 4

Fortune

Amanda Gerut

‘Permanent damage has been done,’ portfolio manager warns, as markets rejoice following Trump’s tariff freeze

Stock markets rebounded following the announcement that tariffs would ratchet down to a 10% universal levy, except for China.

09.04.2025 2

Fortune

Amanda Gerut

A hedge fund is betting the $55 billion Monster energy empire will be toppled by rivals like Celsius and a ‘wellness’ brand backed by Michelle Obama

Brands like Celsius, Zoa, and Plezi are crowding out Monster, a short report claims, and its stock price is tumbling on the news.

09.04.2025 3

Fortune

Amanda Gerut

Thousands of North Korean IT workers have infiltrated the Fortune 500—and they keep getting hired for more jobs

“They are wildly successful,” said Google Threat Intelligence Group expert Michael Barnhart, who has been tracking North Korea and collecting...

07.04.2025 10

Fortune

Amanda Gerut

CEO accused of choking a fellow cruise passenger after the man allegedly danced barefoot at a bar aboard the ship and insulted the CEO’s wife

Kenneth D. DeGiorgio, CEO of First American Financial, was charged with assault after the confrontation, which took place on the Resilient Lady cruise...

04.04.2025 20

Fortune

Amanda Gerut

Volkswagen working to ‘quantify the impact’ of Trump tariffs on U.S. sales

Volkswagen was already struggling with the shift to electric vehicles as well as fierce Chinese competition.

04.04.2025 10

Fortune

Amanda Gerut

Bill Gross warns investors away from trying to ‘catch a falling knife’ amid global market carnage

The Pimco cofounder said he is focused on certain domestic companies—and cash.

04.04.2025 30

Fortune

Amanda Gerut

Trump claims his tariffs are ‘kind’ to other countries. In America, consumers will ‘feel the pinch quite quickly,’ top economist says

President Trump announced a 10% baseline tariff and “discount” reciprocal tariffs on Wednesday during a widely anticipated Rose Garden address.

03.04.2025 3

Fortune

Amanda Gerut

South Korea’s president could lose his job on April 4, four months after he tried and failed to impose martial law

The court has held weeks of impeachment hearings to determine whether to officially remove Yoon from office, and then took weeks to deliberate on the...

01.04.2025 8

Fortune

Amanda Gerut

Super Micro, which has had a bumpy ride since its auditor quit, finally hired a general counsel

The server manufacturer also recruited an audit and accounting veteran as its latest independent director to join the corporate board.

01.04.2025 10

Fortune

Amanda Gerut

Police arrested a 36-year-old Nevada man for allegedly firebombing five Teslas with molotov cocktails

Authorities said the suspect used a rifle to shoot out surveillance cams before spray painting the word “Resist” on the doors of a Las Vegas Tesla...

28.03.2025 10

Fortune

Amanda Gerut

Trump sets auto tariffs at 25%, drawing swift backlash. ‘The tariffs announced today will harm—not help,’ says world’s largest business association.

The auto industry saw a “front running” on orders before the tariffs took effect, wrote KPMG senior economist Ken Kim in a note on Wednesday.

27.03.2025 7

Fortune

Amanda Gerut

Wall Street bonus pot surges to record-high $47.5 billion, but the outlook is dim 

Average bonuses paid to New York City executives were up 31.5% over last year, according to a report from Comptroller Thomas P. DiNapoli.

26.03.2025 10

Fortune

Amanda Gerut

As Nike lags, CEO Elliott Hill said Ohio Buckeyes coach Ryan Day revealed the key to a strong offense

Sales and profits at Nike slid in the third quarter, but CEO Elliott Hill praised the new strategic path forward.

21.03.2025 40

Fortune

Amanda Gerut

U.K. business minister flies to Washington urging Trump to spare Britain from steel import tariffs

U.K. business minister flies to Washington urging Trump to spare Britain from steel import tariffs

18.03.2025 9

Fortune

Amanda Gerut

German auto woes deepen: Audi to cut 7,500 jobs by 2029 amid rising Chinese competition and EV slowdown

Audi will cut 7,500 jobs in Germany by 2029, blaming weak EV demand and Chinese competition, while investing €8 billion in its home factories.

18.03.2025 10

Fortune

Amanda Gerut

Intel’s new CEO stands to reap more than $400 million—but he’ll have to triple the stock price and personally spend $25 million to get it

If Intel CEO Lip-Bu Tan can grow the stock price the way company hopes, Intel’s market cap would swell from $104 billion to $312 billion, an...

18.03.2025 10

Fortune

Amanda Gerut

Super Micro CEO Charles Liang said he teamed up with Elon Musk’s xAI to build the Colossus data center in just 122 days

The 750,000 square foot AI supercomputer in Memphis has 100,000 Nvidia GPUs, and Super Micro says it is the largest data center in the world.

14.03.2025 8

Fortune

Amanda Gerut

A hedge fund bet against a $4 billion fintech after it claimed a reverse image search of customer reviews revealed stock photos of women

A short seller is betting the remittance and money transferring business’ stock price will tumble.

13.03.2025 2

Fortune

Amanda Gerut

Financial performance may have been flat but some CEO payouts are soaring as bonuses roar back

Bonuses are bouncing back from last year despite flat financial performance as some companies work to keep top talent from fleeing.

12.03.2025 10

Fortune

Amanda Gerut

Anthony Scaramucci rewrote the end of his Bitcoin book after investor Michael Saylor called him from a yacht to say a 2% allocation was too low

Saylor, executive chairman of Bitcoin treasury company Strategy, reminds him of it every time they meet, Scaramucci said.

12.03.2025 50

Fortune

Amanda Gerut

Larry Ellison’s Oracle just reported $130 billion in future contracts—which doesn’t include even a single transaction from Stargate

CEO Safra Catz said the tech giant scored cloud agreements with OpenAI, xAI, Meta, Nvidia, and AMD.

11.03.2025 10

Fortune

Amanda Gerut

A Memphis man faces 20 years in prison for allegedly stealing pre-release copies of popular movies and leaking them online, spurring tens of millions in losses

A copy of one of the "Spider-Man" franchise films was sold online more than a month before the official release date, causing millions in damages,...

07.03.2025 3

Fortune

Amanda Gerut

Tensions boil over in the House Chamber with Texas representative Al Green ejected in the first 15 minutes

The Democratic lawmaker shook his cane while shouting at President Trump.

05.03.2025 10

Fortune

Amanda Gerut

‘Now it’s our turn’ — Trump claims U.S. will use reciprocal tariffs on countries that strike back on his tax policies

CEOs of Fortune 500 companies have set up war rooms packed with risk analysis and policy experts to safeguard their businesses from the swings invoked...

05.03.2025 4

Fortune

Amanda Gerut

Super Micro insiders dump millions worth of stock after getting the all-clear sign from Nasdaq on its financial filings

The server manufacturer was delinquent on its annual financial and quarterly reports but met a Feb. 25 deadline set by Nasdaq to regain compliance.

01.03.2025 10

Fortune

Amanda Gerut