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...When pressed on the issue, asset managers in the US now emphasise that they are service providers....
...It has already rolled out a large range of services, including meeting transcription and spreadsheet analysis, available for $30 per person, per month....
...elaine.moore@ft.com...
...The total value of Uber’s ride-hailing, delivery and freight bookings also came in just below analysts’ expectations at $37.7bn....
...As you might expect, app-based services are already popular here in San Francisco....
...High-margin services revenues have bolstered net income even as slowing smartphone sales drag on growth. This is the model that regulators have put in peril. elaine.moore@ft.com...
...Its freight trains run over more than 32,000 miles of track. Its utilities provide power to 13mn customers and in Geico it owns one of the largest insurers in the country....
...Maryland Governor Wes Moore said the ship had reported losing power shortly before the collision and issued a mayday call, allowing authorities to limit the flow of traffic over the bridge....
...The outflows started in 2022 after West Virginia state treasurer Riley Moore included BlackRock on the nation’s first list of financial firms deemed to boycott fossil fuel companies....
...On the plus side, Apple’s net income margin has remained high thanks to growth in services such as streaming and payments....
...Tim Moore, economics director at S&P Global Market Intelligence, which compiles the survey, said: “Although only modest and slower than indicated by the earlier ‘flash’ PMI reading, the downturn in UK service...
...Listen to Lex deputy editor Elaine Moore talk to creators, companies and critics about the next era of social media in the FT’s new Tech Tonic podcast series....
...Combs’ picks in the financial services sector have been prescient, with Berkshire generating large gains on credit card processors Visa and Mastercard....
...We believe it’s both, but see the biggest value driver from here being software and services revenue....
...Best that Chriss seeks targets in financial services, not social media....
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...Enjoy the rest of your week, Elaine Moore Deputy head of Lex Lexfeedback@ft.com...
...As its shareholders grow weary of subsidising online services, prices are rising....
...“Microsoft’s pricing power will jump once it has AI embedded in its services,” said Zino....
...Uber’s services are very popular. Gross bookings rose 16 per cent over last year to $33.6bn — more than expected. Some 137mn people use its services at least once a month....
...This was driven by a 72 per cent year-on-year growth in the rides segment, while sales for its food-delivery service rose 23 per cent....
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