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Marco Quiroz-Gutierrez

Marco Quiroz-Gutierrez

Fortune

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Tech and banking insiders cash in more than $800 million in stock—missing the worst of the market collapse

CEOs like JPMorgan’s Jamie Dimon and Meta’s Mark Zuckerberg sold stock recently.

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Fortune

Marco Quiroz-Gutierrez

Nvidia says America’s trade war with China is hurting revenue, warning Trump’s tariffs have added a big ‘unknown’ to its future outlook

CEO Jensen Huang said Nvidia sales in China are half of what they were before export controls.

07.03.2025 9

Fortune

Marco Quiroz-Gutierrez

Starbucks’ layoffs weren’t about cutting costs, CEO tells remaining workers: ‘We’re not effective’

CEO Brian Niccol said it's up to employees whether Starbucks grows or not.

06.03.2025 4

Fortune

Marco Quiroz-Gutierrez

China says it is ready to fight any type of war with the U.S. ‘to the end’ as Trump’s additional 10% tariff takes effect

China’s embassy said fentanyl was a “flimsy excuse” for tariffs.

05.03.2025 2

Fortune

Marco Quiroz-Gutierrez

Trump’s tariffs on Canada and Mexico just went into effect. Here are the products that could suddenly get more expensive

The tariffs are set to hit staples like groceries and cars.

05.03.2025 4

Fortune

Marco Quiroz-Gutierrez

Chipotle’s CEO vows to keep prices the same for as long as possible even though Trump’s tariffs will hit guacamole hard

Scott Boatwright didn’t rule out that prices could rise if costs become a “significant headwind.”

03.03.2025 1

Fortune

Marco Quiroz-Gutierrez

Michael Saylor once told people to mortgage their home to buy Bitcoin—now the cryptocurrency is down so much he’s wants them to harvest a kidney

Saylor’s company, Strategy, owns more than $41 billion worth of Bitcoin.

01.03.2025 10

Fortune

Marco Quiroz-Gutierrez

Tesla to acquire part of bankrupt German automotive supplier Manz—in a move to rescue hundreds of jobs in the region

Manz, which makes batteries and on-board electronics for cars, filed for insolvency in December 2024 in the face of slowing demand for its products.

27.02.2025 1

Fortune

Marco Quiroz-Gutierrez

Tokyo is turning to a 4-day workweek in a desperate attempt to help Japan shed its unwanted title of ‘world’s oldest population’

Tokyo even introduced a government-sponsored dating app to help people find partners.

26.02.2025 20

Fortune

Marco Quiroz-Gutierrez

Berkshire Hathaway paid the biggest tax bill in history last year, and Warren Buffet wants the government to ‘spend it wisely’ on burdened Americans

The 94-year-old said the company out-paid even the deep-pocketed American tech titans.

26.02.2025 80

Fortune

Marco Quiroz-Gutierrez

S&P 500 notches a comeback after Friday blowout marks its worst trading session of the year 

All major indexes fell as much as 1.5% early Monday.

25.02.2025 10

Fortune

Marco Quiroz-Gutierrez

Delta is offering $30,000 with ‘no strings attached’ to passengers on the Toronto flight that crash-landed. Legal experts say they should read the fine print

Passengers should search for words like “release,” “waiver,” and “arbitration,” among others.

21.02.2025 2

Fortune

Marco Quiroz-Gutierrez

Elon Musk says he’s going to ‘fix’ Community Notes on X after claiming without evidence they’re being manipulated by governments and legacy media

Musk, as recently as November, called Community Notes "awesome" and boasted how everybody’s content gets checked.

21.02.2025 20

Fortune

Marco Quiroz-Gutierrez

After the Palisades fire burned down this L.A. home, the plot sold for more than $1 million as a ‘blank canvas’

The original home was purchased in 2005 for $1.54 million.

15.02.2025 10

Fortune

Marco Quiroz-Gutierrez

Larry Ellison wants the U.S. to ‘unify all the national data’ and then feed it to AI

Ellison is a Republican donor and friends with Trump’s federal cost-cutter Elon Musk.

14.02.2025 20

Fortune

Marco Quiroz-Gutierrez

Sam Altman says former friend Elon Musk isn’t a happy guy: ‘Probably his whole life is from a position of insecurity’

Musk is suing Altman and OpenAI because the company allegedly diverged from its nonprofit founding principles.

12.02.2025 10

Fortune

Marco Quiroz-Gutierrez

Bill Gates says he got into every Ivy League school he applied to, but tailored a different ‘persona’ for each application: ‘Each was a performance’

“I wanted the chance to see how I stacked up against the other brainy kids from a much wider pool than Lakeside,” Gates said.

08.02.2025 10

Fortune

Marco Quiroz-Gutierrez

Experts warn MicroStrategy’s high-flying valuation has ‘no rational explanation’—and investors face a double whammy of risk

The company, which rebranded from MicroStrategy to "Strategy" this week, is worth just under double the value of its Bitcoin holdings.

08.02.2025 10

Fortune

Marco Quiroz-Gutierrez

Snap CEO Evan Spiegel mocks Mark Zuckerberg on LinkedIn, says he’s ‘VP Product’ at Meta because of all the features Facebook and Instagram have replicated from his app

Instagram has made its own versions of the stories and face filters pioneered by Snapchat.

07.02.2025 30

Fortune

Marco Quiroz-Gutierrez

Small towns are offering millions in tax breaks to land the mega gas station with a cult-like following and the ‘cleanest restrooms in America’

Buc-ee’s locations bring mile-long lines and $18 per hour paychecks to rural areas.

06.02.2025 10

Fortune

Marco Quiroz-Gutierrez

Japan will loosen its grip on the country’s fiercely guarded rice stockpile as prices soar to their highest levels ever

The country last tapped the reserve following the 2011 Fukushima nuclear disaster.

05.02.2025 5

Fortune

Marco Quiroz-Gutierrez

Despite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’

The company works with Chinese manufacturers such as BYD and CATL for its car batteries.

31.01.2025 20

Fortune

Marco Quiroz-Gutierrez

Starbucks is slashing 30% of its offerings because CEO Brian Niccol says its menu has become ‘overly complex’

Niccol said the company made progress on its “Back to Starbucks” plan in the first quarter.

30.01.2025 5

Fortune

Marco Quiroz-Gutierrez

Donald Trump says he wants a bidding war for TikTok and wouldn’t mind if Microsoft won

Microsoft first tried to buy TikTok during Trump’s first term in 2020.

29.01.2025 10

Fortune

Marco Quiroz-Gutierrez

Meta is reportedly scrambling ‘war rooms’ of engineers to figure out how DeepSeek’s AI is beating everyone else at a fraction of the price

The engineers will study how DeepSeek accomplished the feat and how Meta can benefit.

27.01.2025 2

Fortune

Marco Quiroz-Gutierrez

President Trump shrugs off Elon Musk’s criticism of $500 billion Stargate plan: ‘He hates one of the people’

Musk’s shots at Stargate are the latest development in a yearslong feud with OpenAI CEO Sam Altman.

25.01.2025 8

Fortune

Marco Quiroz-Gutierrez

Apple is facing a ‘fork in the road year’ on AI, but has one clear advantage, analysts say

Wedbush Securities analysts predicted about 20% of the world’s population will access AI through an Apple device over the coming years.

24.01.2025 10

Fortune

Marco Quiroz-Gutierrez

Jamie Dimon calls Elon Musk the ‘Einstein’ of our time—said they reconciled and ‘hugged it out’

The pair have had a testy relationship for nearly a decade.

23.01.2025 20

Fortune

Marco Quiroz-Gutierrez

JPMorgan and BlackRock C-suite departure surprises show why succession in finance is extra tricky, experts say

Getting on the CEO successor shortlist could bring opportunities on its own, expert says.

18.01.2025 5

Fortune

Marco Quiroz-Gutierrez

‘Marketing apocalypse’ hits music industry as TikTok ban looms

In a fragmented music landscape, "TikTok served as sort of the one lightning rod where popularity could actually coalesce into a hit."

18.01.2025 10

Fortune

Marco Quiroz-Gutierrez

TikTok’s fate is in Trump’s hands as the Supreme Court rules ban can move ahead

The ban is set to take effect on Sunday.

17.01.2025 2

Fortune

Marco Quiroz-Gutierrez

The American ‘oligarchy’ Biden denounced as a threat to democracy gained $1.5 trillion in net worth during his term

Elon Musk’s wealth multiplied by about 4.5 during the past four years.

17.01.2025 30

Fortune

Marco Quiroz-Gutierrez

TikTok’s CEO used to be Mark Zuckerberg’s intern—now he’s his fiercest competitor

Shou Zi Chew interned at Facebook during his time at Harvard Business School.

15.01.2025 3

Fortune

Marco Quiroz-Gutierrez

Tesla CEO Elon Musk borrowed customers’ new Cybertrucks to provide Starlink internet in decimated California wildfire regions

Musk sent Starlink-equipped Cybertrucks to restore internet connectivity after criticizing the government’s response.

14.01.2025 10

Fortune

Marco Quiroz-Gutierrez

All eyes are on State Farm’s next move as wildfires rip apart Los Angeles

State Farm announced it would end coverage for 72,000 homes and apartments in the state earlier this year.

11.01.2025 9

Fortune

Marco Quiroz-Gutierrez

LA inferno could inflict a $150 billion economic wound, with a grueling 10-year recovery ahead

Higher material and labor costs as well as increased demand for contractors could slow the process, expert says.

11.01.2025 8

Fortune

Marco Quiroz-Gutierrez

Nvidia CEO Jensen Huang just tanked quantum-computing stocks after saying their most exciting developments are more than a decade away

Shares in Rigetti Computing, Quantum Computing, IonQ, and D-Wave Quantum all fell more than 35%.

09.01.2025 10

Fortune

Marco Quiroz-Gutierrez

Disgruntled Boeing investors take aim at $33 million pay for ex-CEO amid ongoing safety issues

Shareholders grill executives, as questions abound over Boeing's way forward.

07.01.2025 4

Fortune

Marco Quiroz-Gutierrez

Nvidia’s value is now worth more than AMD, Arm, Broadcom, and Intel combined—and doubled

Nvidia’s market cap stood at $3.66 trillion as of Monday.

07.01.2025 8

Fortune

Marco Quiroz-Gutierrez

Sam Altman says he’s losing money on OpenAI’s $200-per-month subscriptions — ‘people use it much more than we expected’

The company has projected a loss of $5 billion on revenue of $3.7 billion for 2024.

07.01.2025 20

Fortune

Marco Quiroz-Gutierrez

PR experts say Elon Musk’s handling of the Tesla Cybertruck explosion in Las Vegas was a masterclass

Las Vegas Sheriff Kevin McMahill thanked Musk Wednesday for providing the authorities with information to aid the investigation.

04.01.2025 6

Fortune

Marco Quiroz-Gutierrez

Here’s what you need to know about Turo, the app allegedly used to rent cars before the New Orleans attack and the Cybertruck explosion near a Las Vegas Trump Hotel

The Turo app is like Airbnb for renting vehicles.

03.01.2025 6

Fortune

Marco Quiroz-Gutierrez

Warren Buffett’s Berkshire Hathaway is buying up shares of a lagging 1990s dot-com darling

Berkshire invested $74 million in domain name and internet infrastructure company VeriSign this month.

30.12.2024 6

Fortune

Marco Quiroz-Gutierrez

Former Yahoo CEO Marissa Mayer was Google’s first female engineer—only because she tried to delete a recruiter email and accidentally opened it instead

Mayer's career can be boiled down to a single wrong keystroke.

26.12.2024 10

Fortune

Marco Quiroz-Gutierrez

LinkedIn cofounder Reid Hoffman says he needed security after Elon Musk formed a ’conviction with no evidence’ that he was close with Jeffrey Epstein

The pair worked together at PayPal.

17.12.2024 9

Fortune

Marco Quiroz-Gutierrez

Fed officials advocate for ‘caution’ and slower rate cuts next year as Trump prepares to take office

Experts say Trump’s potential policies, including his tariff proposals, could do much to impact the economy and the Fed’s trajectory.

13.12.2024 7

Fortune

Marco Quiroz-Gutierrez

Marc Benioff warns excessive AI spending is a ‘race to the bottom’ and he plans to take advantage of it

Benioff has previously warned that AI is overhyped.

12.12.2024 10

Fortune

Marco Quiroz-Gutierrez

Goldman Sachs discriminated against male employee for taking paternity leave, tribunal rules

“What happened to me would not happen to a woman at Goldman Sachs,” according to an exec seeking $5 million in compensation.

11.12.2024 6

Fortune

Marco Quiroz-Gutierrez

Google’s breakthrough Willow chip means we’ll get useful quantum computers sooner than some people feared

Experts caution that revolutionary quantum computing is still likely years away.

11.12.2024 10

Fortune

Marco Quiroz-Gutierrez

Man arrested in shooting of UnitedHealthcare CEO reportedly carrying ‘manifesto’ critical of insurance profits

The man was arrested in Pennsylvania after being identified by a McDonald’s employee.

09.12.2024 6

Fortune

Marco Quiroz-Gutierrez