Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
Cuba Power Outage Sparks Havana Protests as Fuel Crisis Deepens 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Japanese Yen Rises as Pension Fund Plan and BOJ Rate Hike Bets Weigh on Dollar 
BHP Faces Port Hedland Strike Threat as Iron Ore Export Risks Grow 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
US Stock Futures Steady as Oil Prices Ease, Iran Talks Boost Market Sentiment 
Zhipu AI Stock Jumps on Report of Custom AI Chip Development Plans 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief 
Germany Seen Gaining as U.S. China-Built Ship Fees Reshape Trade 
Lockheed Martin, Rheinmetall Plan First ATACMS Missile Production in Germany 
Microsoft has a new chairman of the board and it is no other than the company’s chief executive officer, Satya Nadella. With her assignment at two high posts in the company, it is apparent that he just became even more powerful.
Satya Nadella’s promotion
CNN Business reported that CEO Satya Nadella’s appointment was announced by Microsoft on Wednesday, June 16. He has been serving the company as its chief since 2014 and in his seven years of service, he has been a big help in turning Microsoft into a leader in cloud computing which gave the company big revenues.
It was said that Nadella has been elected to the chairman position in Microsoft's board and based on the released information, he was voted unanimously to take over John Thompson’s position. The board shake-up comes as Microsoft is dealing with the aftermath of investigations involving Bill Gate’s alleged affair with an employee.
Bill Gates already left the board last year and he recently announced his divorce from Melinda Gates as well. The probe was caused by the allegations on the affair that surfaced just more than a week after the divorce was revealed.
Microsoft CEO Satya Nadella named chairman of the board
With Satya Nadella now directing Microsoft, the company is expected to show changes that will make the firm great again after experiencing many setbacks and controversies. He drove Microsoft to success and made it more prominent in the tech business in the last seven years, and as his role has become even bigger, he could do more to make the company even better.
CNBC noted that under Nadella’s watch, the company that was co-founded by Bill Gates has regained the title of the world’s most valuable public firm. Today, it now stands behind Apple and the tables could turn again soon with the new leadership.
“In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board's review,” Microsoft said in a statement. “As lead independent director, Thompson will retain significant authority including providing input on behalf of the independent directors on board agendas, calling meetings of the independent directors, setting agendas for executive sessions, and leading performance evaluations of the CEO.
