What the bond yields are saying about where to invest in the stock market, according to Morgan Stanley’s CIO
Morgan Stanley is favoring stock sectors with strong earnings growth, like financials and media & entertainment. The bond market is sending investors a clear signal about where to invest their cash, according to Morgan Stanley’s top stock strategist. Mike Wilson, the CIO and chief US equity strategist at the investment bank, said he believes bond…
Amazon makes Zoom the ‘standard’ app for internal meetings and starts using Microsoft 365 tools, internal memo shows
Amazon is making Zoom its official meeting application across the company, according to an internal memo obtained by B-17. Zoom replaces Chime, Amazon’s homegrown meeting application that can run video and audio calls, the memo said. Chime, which launched in 2017, had been the de facto official meeting app for Amazon’s corporate employees. “Zoom is…
I’m a 44-year-old small-business owner. I’ve never made $100,000 in a year, and I’m still on track to retire by 50.
Sarah Lesselbaum started her financial independence journey when she 38. This as-told-to essay is based on a conversation with Sarah Lesselbaum, a 44-year-old in Delray Beach, Florida. It has been edited for length and clarity. B-17 has verified her financial and career history. I first heard about FIRE — the Financial Independence, Retire Early movement…
Don’t expect a $5,000 check from DOGE
Elon Musk said on Tuesday that he’d “check with” President Donald Trump about the idea. What if some of the money saved by Elon Musk’s Department of Government Efficiency could be paid back to Americans as checks from the government? That idea, promoted by the investment manager James Fishback, gained significant traction online on Tuesday…
Meet Andrew Ferguson, the new chairman of the FTC who has vowed to go after Big Tech’s ‘vendetta against competition’
Andrew Ferguson has vowed to pare back the FTC’s recent antitrust agenda while targeting “Big Tech’s vendetta against competition and free speech.” Andrew Ferguson is in as Chair of the Federal Trade Commission. As the new leader of the government’s key consumer protection agency, he’ll oversee cases involving unfair, deceptive, and fraudulent business practices —…
When her job announced a return to office, a machine learning engineer took a big pay cut to stay remote
Eliana Vornov switched jobs to stay remote despite the financial downsides. Eliana Vornov, a senior machine learning engineer based out of Washington, D.C., didn’t expect to enjoy working remotely when she started working from home during the COVID pandemic. “I was a little apprehensive about it,” says Vornov. “I do value the in-person energy of…
Satya Nadella explains why Microsoft’s quantum ‘breakthrough’ is so important
Satya Nadella described Microsoft’s new Majorana 1 chip as a “breakthrough” in the advancement of quantum computing. Microsoft on Wednesday unveiled Majorana 1, a quantum chip the company says is powered by a new state of matter. CEO Satya Nadella described it as a “breakthrough” in the advancement of quantum computing. “Most of us grew…
The government is employing fewer people and they’re traveling less. United Airlines could lose millions of dollars.
United Air could lose millions of dollars from the changes sweeping the federal government. The chief financial officer of United Airlines said that government employee travel “has fallen off” since President Donald Trump’s inauguration. Government travel makes up 2% of United’s business, said Mike Leskinen at a Barclays conference on Wednesday. United made almost $52…
North Korea has reopened to Western tourists for the first time since the pandemic
Young Pioneer Tours was among the first foreign tour groups to visit North Korea since the COVID-19 pandemic. North Korea reopened its borders to Western tourists this week. Since the COVID-19 pandemic, the country has been largely closed to Westerners. But on Thursday, Pyongyang allowed tour groups to visit the country’s Rason Special Economic Zone,…
