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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...Christoph Schweizer told the Financial Times that AI and generative AI were “a huge boost” to revenues in the past year as companies move from experimenting with the technology to “at-scale deployment”....
April 23, 2024
News updates from January 19: S&P 500 closes at record high, Ford cuts production of electric truck
Travelers shares surge 7% after insurer doubles quarterly net profit
...Higher investment income on fixed-income returns also contributed to the rise in group profits, the company said on Friday....
January 19, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...In overturning his pay package, the court said Musk, who owns more than a fifth of the company, was too cosy with Tesla’s board and the value of the package was unfair to other shareholders....
April 23, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...London market is a scapegoat for poor performance When a UK company’s share price goes south, simply blame the London market....
April 19, 2024
US & Canadian companies20 min
Citigroup and the 'financial supermarket' experiment | FT Film
...GILLIAN TETT: There's a cynical view sometimes expressed on Wall Street which is that when a big company gives a top job to a woman, it's often because the company is in trouble....
November 27, 2023
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...The filing requires developers to set up a local company or use a local publisher and host the back end of the app in China, said Bishop, who predicted that most companies would end up operating a second...
April 19, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Due Diligence
The billionaire, TikTok and Trump Premium content
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
April 24, 2024
Gillian Tett
Companies must rethink how they handle cyber risk
...for the company)....
April 18, 2024
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...The outcome could have ramifications beyond the industry....
April 25, 2024
LexTesla Inc
Robotaxis are not the solution to Tesla’s problems Premium content
...It is a stretch to imagine that robotaxis can turn the company’s fortunes around this year. Musk presided over the company’s latest quarterly earnings call with a confusing message....
April 23, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...Sales of higher-margin combustion engine vehicles help with cash flows while the legacy European companies invest in electric models. The question is how long the breathing space will last....
April 23, 2024
Google LLC
Google streamlines structure to speed up AI efforts
...company in the world....
April 18, 2024
LexIntuit Inc
AI boom can even work on your taxes Premium content
...In recent years, the company has sought to diversify through acquisitions. It bought personal finance company Credit Karma for $8.1bn in 2020 and email marketing provider MailChimp for $12bn in 2021....
April 22, 2024
Airlines
US airlines under fire for raising baggage fees again
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
March 10, 2024
US & Canadian companies
Pwease don’t be mean, I’m just a wittle luxury bag conglomerate 👉👈
...of a marketplace with no barriers to entry, constant influx of new competitors,” Joanne Crevoiserat, the company’s C.E.O., told DealBook....
April 23, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
JD Sports Fashion PLC
JD Sports to deepen US reach with $1bn bid for Hibbett
...Mike Longo will continue as chief executive and president of Hibbett, while Jared Briskin will take on the role of chief operating officer at the US company....
April 23, 2024
Netflix Inc
Netflix profits surge after password-sharing crackdown
...The company said it generated strong engagement in the first quarter from subscribers in the UK with Fool Me Once, which had 98mn views....
April 18, 2024
TikTok Inc
TikTok gears up for legal fight in US to prevent ban
...Andersen indicated to some staff that he would stay on in the short term as the company steadied itself ahead of the expected legal battle, the person added....
April 22, 2024
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...Some companies are limbering up and are worth a look. But don’t expect many personal bests in the near term....
March 29, 2024
Due Diligence
The Wall Street bank cosying up to superstar lawyers Premium content
...The Money Supermarket The 1998 megamerger between banking giant Citicorp and insurer Travelers Group created the world’s biggest financial services company. The experiment hasn’t gone to plan....
November 28, 2023
Paramount Global
Skydance in exclusive merger talks with Paramount
...David Ellison, who runs Skydance, has 30 days to reach a deal with the company controlled by Shari Redstone’s National Amusements (NAI), her family’s privately owned cinema group that holds 77 per cent of...
April 3, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...The resilience of the Dollar Tree chain allowed the company to trade at a premium to Dollar General throughout much of 2023....
March 19, 2024
LexCredit cards
Visa and Mastercard’s deal to cut fees is a hollow consumer victory Premium content
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
March 27, 2024
Unhedged
Valuing Reddit, take 2 Premium content
...I’m not sure if the second-tier social media companies are profitable, even when their revenues rise into the billions....
March 28, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...Credit cards accounted for less than 5 per cent of total sales at the three companies in 2022....
April 5, 2024

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