Business Update

Albert Manifold, who was abruptly fired less than a year after he was appointed, said he was let go “without explanation.” Source link

Sharyn Alfonsi, whose segment on a brutal Salvadoran prison was pulled abruptly in December, said that CBS News and its top editor, Bari Weiss, had let her contract expire. Source link

Memes mocked the new model, analysts questioned its appeal and investors sold the automaker’s stock. A former Ferrari chairman warned of “the destruction of a legend.” Source link

After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall. Source link

Three major producers — Micron, Samsung and SK Hynix — are now trillion-dollar companies. Politicians and Wall Street have taken notice. Source link

Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters. Source link

The agreement all but guarantees hefty bonuses for employees in the top-performing chip unit. Other workers say they feel left out. Source link

Oil/Stocks/Gas hed Source link

China’s tobacco monopoly has become so financially vital to the government that even its powerful leader has failed to curb the country’s smoking habit. Source link

He ran the newspaper division of Advance Publications, while his older brother, Si, ran the Condé Nast magazine operation. Source link