What a difference a day makes. After rising on expectations of a September rate cut, stocks sell off after a slew of data points to recession. — Read on http://www.bloomberg.com/opinion/articles/2024-08-02/market-selloff-fed-may-have-played-the-rate-cut-waiting-game-too-long Continue reading Market Selloff: Fed May Have Played the Rate-Cut Waiting Game Too Long – Bloomberg
The tech giant’s revenue also grew 15 percent, but Wall Street is watching whether its investment in A.I. is paying off for its cloud computing business. July 30, 2024 By Karen Weise Karen Weise has covered Microsoft since 2018. Microsoft closed its first full fiscal year of aggressive artificial intelligence investment with a mixed bag of results for people worried about how much big tech companies are spending on A.I. Sales from April through June hit $64.7 billion, up 15 percent from the same period last year, the company reported on Tuesday. Profit rose 10 percent, to $22 billion. The results … Continue reading Microsoft Profit Jumps 10%, but Cloud Computing Grows Less Than Expected
Confederation of British Industry (CBI) have issued this paper. It is a short but useful discussion on what business ought to consider in the UK, but my reading suggests most western economies. It touches on the main categories of concern of business, people issues, environmental, partnerships, supply chain and technology Here is an excerpt from the Table of Contents, followed by the conclusion. Download: The shape of business – the next ten years (PDF 2MB) | CBI The Changing Business Environment Changing finance and capital conditions The decline of trust in business and markets A less benign macroeconomic environment Social … Continue reading ‘The Shape of Business – The Next 10 years’ | CBI
In this piece at the NY Times, Krugman points out the obvious that despite profits, Banks’ retail operations have not recovered. The large profits we are hearing about are all centred in the Investment Banking units. I would add that it will take more than a turnaround in consumer confidence and reduction in unemployment. It will also take time to work through the de-leveraging impacts of consumer desire to reduce debts and save more for future crises while this one is firmly in peoples minds. For everyone who is still working they know of someone who is not, and that … Continue reading Bank retail operations have not recovered despite profits
Bankwatch 