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Amanda Gerut

Amanda Gerut

Fortune

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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.

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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...

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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.

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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 6

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

Super Micro Computer finally offers belated financial reports and blames EY for the holdup

Super Micro announced that it is current with its SEC financial reporting obligations and has not restated any previous filings.

26.02.2025 4

Fortune

Amanda Gerut

Warren Buffett’s Berkshire Hathaway could be prepping for pool parties packed with pizza, beer, and premium pinot noir

The conglomerate boosted its stakes in Domino’s Pizza and Pool Corp. and revealed a new position in the alcoholic beverage company known for such...

15.02.2025 10

Fortune

Amanda Gerut

JPMorgan CEO Jamie Dimon wants to cancel some DEI spending after the bank spent billions on racial equity: ‘I was never a firm believer in bias training’

The CEO reportedly was skeptical about the amount of money spent on mitigating unconscious bias through training programs.

14.02.2025 10

Fortune

Amanda Gerut

State Department slams the brakes on potential $400 million armored Tesla purchase — ‘No government contract has been awarded to Tesla’

Tesla CEO Elon Musk earlier said he was “pretty sure” there was no deal to sell his EVs to the U.S. government.

14.02.2025 100

Fortune

Amanda Gerut

State Department might buy $400 million worth of ‘armored Teslas’ from DOGE head and Tesla CEO Elon Musk

Elon Musk, head of the DOGE and CEO of Tesla simultaneously, has said he will police his own conflicts of interest.

13.02.2025 300

Fortune

Amanda Gerut

Super Micro’s finance chief — who is leaving as soon as the company can hire someone more experienced — said delinquent financial filings were ‘a distraction’ 

Super Micro CEO Charles Liang refused to address the company’s delinquent financials but said he expects to reach $40 billion in revenues next year.

12.02.2025 10

Fortune

Amanda Gerut

Accused UnitedHealthcare CEO murderer Luigi Mangione edges closer to $500k in funds raised for his legal defense

Supporters of the 26-year-old, charged in the shooting of CEO Brian Thompson, have raised more than $300,000 since December.

11.02.2025 10

Fortune

Amanda Gerut

Salesforce just hard-launched a new COFO — battle-tested finance and operations leader Robin Washington

A veteran operator and finance chief, Washington will continue serving on the tech giant’s board in her new executive role, the company announced.

06.02.2025 4

Fortune

Amanda Gerut

Pennsylvania troopers are hunting for an assailant who swiped 100,000 organic eggs from the back of a trailer

Egg prices are soaring and thieves allegedly grabbed brunch supplies worth about $40,000 from a truck over the weekend.

05.02.2025 10

Fortune

Amanda Gerut

Tesla sales are cratering in California but there are now thousands of Cybertrucks roaring across the Golden State

Californians are registering thousands of new Cybertrucks even as there are fewer takers of the best-selling EVs in its lineup.

04.02.2025 10

Fortune

Amanda Gerut

Multiple deaths reported after fiery plane crash near Philadelphia mall

Pennsylvania Gov. Josh Shapiro said the state would marshall its resources in responding to the horrific explosion.

01.02.2025 30

Fortune

Amanda Gerut

Elon Musk claims full self driving is so advanced Tesla owners are turning it off and steering with their knees to check text messages

The advanced driver assistance feature beeps when people take their hands off the steering wheel.

30.01.2025 60

Fortune

Amanda Gerut

Tech couple that allegedly stole $60 million claimed to work with the NBA, NHL, PGA, PwC, and Coca-Cola. The SEC says it was all part of an elaborate scheme

Bay area founder Alexander Charles Beckman and his wife Valerie Lau were arrested in San Francisco and face federal charges.

26.01.2025 7

Fortune

Amanda Gerut

Tech founder and his wife allegedly stole millions to pay for a lavish wedding, a new Tesla, and private schools—while failing to even make payroll for employees

The ex-CEO of Bay Area chatbot company GameOn and his wife were arrested on Thursday following multiple charges related to misusing investor funds for...

24.01.2025 10

Fortune

Amanda Gerut

Trump swings at Bank of America CEO Brian Moynihan and JPMorgan’s Jamie Dimon at Davos: ‘What you’re doing is wrong’

Spokespeople for both banks denied political affiliation is taken into account in banking decisions.

23.01.2025 5

Fortune

Amanda Gerut

SoftBank CEO Masayoshi Son will lead massive $500 billion Stargate project with OpenAI’s Sam Altman and Oracle’s Larry Ellison

OpenAI, Oracle, SoftBank, and MGX are the lead partners in Stargate, according to OpenAI.

22.01.2025 50

Fortune

Amanda Gerut

Famed short seller with a track record for getting CEOs arrested, indicted, and charged with fraud is closing up shop

Hindenburg Research was partly responsible for the criminal and civil charges of nearly 100 individuals.

16.01.2025 20

Fortune

Amanda Gerut

Elon Musk’s lawyer said the SEC’s lawsuit against the Tesla CEO is a ‘single-count ticky tack complaint’

Musk is accused of lowballing shareholders by waiting 11 days to disclose his ownership in Twitter, saving himself at least $150 million in the...

15.01.2025 10

Fortune

Amanda Gerut

CEO at $14 billion electronics firm can’t talk about his resignation following an internal investigation

The former exec can only say “no comment” in response to queries, according to restrictive covenants with an unusual provision.

13.01.2025 10

Fortune

Amanda Gerut

Apple supplier Jabil benches its CEO as it investigates his conduct—but he’ll still collect his full $1 million salary

Kenneth “Kenny” Wilson, will serve a paid leave while the investigation continues.

13.01.2025 5

Fortune

Amanda Gerut

Legendary boxing promoter Don King slapped with $3 billion fraud and defamation suit over Rumble in the Jungle 2

The boxing promoter is accused of backing out of a 50th anniversary fight just months before tickets were set to go on sale.

05.01.2025 5

Fortune

Amanda Gerut

Loom’s founder reveals painful insecurities after selling a startup for $1 billion. — ‘I am rich and I have no idea what to do with my life.’

The former chief technology officer tried a four-week stint with Elon Musk at DOGE, but ultimately bought a one-way ticket to Hawaii to study physics.

03.01.2025 6

Fortune

Amanda Gerut

‘Higher-ups are in our pocket’ — An aviation giant with billions in military contracts admits to bribing officials in Nepal and South Africa 

AAR Corp. will pay $55 million to resolve bribery investigations by the Justice Department and Securities and Exchange Commission

20.12.2024 6

Fortune

Amanda Gerut

 ‘Dots All Folks’ — BlackRock chief investment officer Rick Rieder calls it a ‘new phase’ of the rate-cutting cycle

Markets turned noses down following hints at fewer cuts in 2025.

19.12.2024 6

Fortune

Amanda Gerut

Nissan and Honda consider merger to take on world’s biggest carmaker

A deal would effectively consolidate the Japanese auto industry into two main camps.

18.12.2024 10

Fortune

Amanda Gerut

The killing of UnitedHealthcare’s CEO highlights a terrifying reality: 3D-printed ‘ghost guns’ are all over

A government report revealed the number of ghost firearms recovered by police in criminal cases rose 1,000% from 2017 to 2021.

12.12.2024 6

Fortune

Amanda Gerut

‘Most powerful woman on Wall Street’ Sallie Krawcheck steps down as Ellevest CEO following a recent diagnosis

Krawcheck will transition into a board role to focus on her health, she posted.

11.12.2024 10

Fortune

Amanda Gerut

Luigi Mangione, the 26-year-old suspected UnitedHealthcare CEO shooter, faces charges for firearms, forgery, and records tampering

Police say Mangione grew quiet and “started to shake” when they asked if he had been to New York recently.

10.12.2024 10

Fortune

Amanda Gerut

The killing of UnitedHealthcare’s CEO follows years of mounting fear about executive safety

CEO Brian Thompson was gunned down early Wednesday morning in Manhattan.

04.12.2024 5

Fortune

Amanda Gerut

The lawyers who took on Tesla and Elon Musk wanted $5.6 billion for winning the case. In a lawsuit about excessive pay, ‘That was a bold ask,’ said the judge. 

The fee would have been 17 times the size of the largest fee in Delaware history.

04.12.2024 5

Fortune

Amanda Gerut

The 4 ‘fatal flaws’ in Tesla’s bid to award Elon Musk $100 billion, according to the judge who dashed his pay

Defendants who lose at trial can’t just “hit reset” with a new stockholder vote, the chancellor concluded.

04.12.2024 5

Fortune

Amanda Gerut