Hertz Global (HTZ) announced CEO Stephen Scherr is stepping down from the role and that former Delta Air Lines (DAL) executive Gil West will take his place. The move will go into effect on April 1, with Scherr assisting West in transitioning into the role. The move comes shortly after the company stumbled on its big bet on electric vehicles. Yahoo Finance's Julie Hyman and Josh Lipton discuss the breaking news in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
Hertz Global (HTZ) announced CEO Stephen Scherr is stepping down from the role and that former Delta Air Lines (DAL) executive Gil West will take his place. The move will go into effect on April 1, with Scherr assisting West in transitioning into the role. The move comes shortly after the company stumbled on its big bet on electric vehicles.
Yahoo Finance's Julie Hyman and Josh Lipton discuss the breaking news in the video above.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich.
Chief Executive Stephen Scherr would step down on March 31 to be succeeded by Gil West, a former executive at Delta Airlines and General Motors’ Cruise unit, effective April 1, the company said.
TotalEnergies was preparing on Friday to restart the gasoline-producing fluidic catalytic cracker (FCC) over the weekend at its 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery, said people familiar with plant operations. Following the FCC’s restart, the company plans to restart the refinery’s coker and small crude distillation unit (CDU), the sources said on Friday. The 76,000-bpd FCC was shut by a leak and a clamp had to be fabricated, the sources said.
Data from charting platform TradingView shows that the 90-day and 52-week correlation coefficient between bitcoin and Nasdaq-listed chip maker Nvidia has risen above 0.80. The positive correlation is noteworthy as several analysts believe the surge in NVDA represents an AI bubble that could soon burst. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
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