Updates – Company

Rising Rates Make Big Companies Even Richer

September 15th, 2023|

James Mackintosh The Wall Street Journal September 15, 2023 The amount companies earn from cash in the bank is going up even as interest costs fixed during the pandemic stand still. The Federal Reserve jacked up interest rates to slow the red-hot economy. At some of the biggest and most secure companies, the moves had the opposite

IBM CEO Sees 30% of Back-Office Jobs Replaced by AI in 5 Years

May 1st, 2023|

Brody Ford Bloomberg May 1, 2023 International Business Machines Corp. Chief Executive Officer Arvind Krishna said the company expects to pause hiring for roles it thinks could be replaced with artificial intelligence in the coming years. Hiring in back-office functions — such as human resources — will be suspended or slowed, Krishna said in an interview. These non-customer-facing

First Republic’s Jumbo Mortgages Brought On Bank’s Failure (1)

May 1st, 2023|

Hannah Levitt, Jenny Surane, and Sonali Basak Bloomberg May 1, 2023 Chairman Jim Herbert helped pioneer mega loans in the 1980s Buyer JPMorgan will share any mortgage losses with the FDIC The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy individuals extraordinary

Oracle’s Stock Looks Cheap Again. ‘We’ve Got a Plan,’ CEO Says.

October 18th, 2022|

Eric J Savitz Barron's October 14,2022 Safra Catz is feeling feisty, and for good reason. Over the past few years, the Oracle CEO has engineered an impressive turnaround at the enterprise software giant, which has bet the future of the company on cloud computing. As we outlined in a Barron’s cover story in February 2021, Oracle (ticker: ORCL)

BI Focus: Microsoft’s 2024 Brighter Than Consensus

October 14th, 2022|

Anurag Rana and Andrew Girard Bloomberg Intelligence October 14, 2022 (Bloomberg Intelligence) -- Microsoft could surpass fiscal 2024 consensus sales growth in constant currency by 300-500 bps on the back of a rebound in cloud spending after a year of slowdown. Though weak economic conditions will likely hurt the company's 2023 sales growth from a

Microsoft cloud leader Scott Guthrie says companies aren’t holding off on cloud spending as inflation mounts

October 12th, 2022|

Jordan Novet CNBC October 12, 2022 The European energy crisis is leading some organizations to quicken their pace of adopting cloud services, said Microsoft’s Scott Guthrie. One organization increasing its Microsoft Azure cloud use has seen energy costs jump over 65%. Despite an uncertain economy with looming fears of a recession, Microsoft’s top cloud executive

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