One area of the stock market is poised for gains as investors pile into the ‘old economy,’ Bank of America’s top US stock strategist says
Investors are looking forward to a strong year ahead for the broader stock market, but Bank of America’s top US stock strategist says one sector could see a perfect mix of conditions for strong gains. Savita Subramanian, BofA’s head of US equity strategy, foresees the perfect conditions aligning for cyclical stocks, referring to a handful…
South Korea stocks pummeled amid government turmoil following declaration of martial law
South Korean stocks plunged on Tuesday after the country’s president proclaimed martial law was in effect. The country’s stock market does not open until 7 p.m. ET, but shares of South Korea-based companies that trade on the Nasdaq and New York Stock Exchange declined. The iShares MSCI South Korea ETF plunged 7% following South Korean…
Pat Gelsinger inherited major problems at Intel. Its next CEO may have to navigate worse.
Pat Gelsinger inherited major problems at Intel. Its next CEO may have to navigate worse. Intel’s shock announcement that Pat Gelsinger is retiring has thrown the storied chip firm’s future into deep uncertainty. Its interim leaders and next CEO must now pick up the pieces of a turnaround plan designed to fix a business in…
I worked in Big Tech for years and now help others get jobs. Don’t follow these 4 career-advice clichés.
Alan Stein worked at major companies such as Google before starting Kadima Careers, a career accelerator. This as-told-to essay is based on a conversation with Alan Stein, the CEO of the career-accelerating service Kadima Careers. The story has been edited for length and clarity. After 25 years of working in the corporate world, including at…
Amazon plans to ramp up cloud work with Accenture and other consulting firms, according to an internal document
Matt Garman, the CEO of AWS. Amazon Web Services wants to work more with consulting firms, including Accenture, as part of a broader plan to spur growth in 2025, according to an internal planning document obtained by B-17. AWS is looking to expand work with external partners that can sell its cloud services to hundreds…
In an all-hands meeting, Intel’s new leaders emphasized outgoing CEO Pat Gelsinger’s ‘personal decision’
Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024. On Monday morning, Intel employees joined an all-hands meeting after receiving an email invite at 5 a.m. PT. Accompanying the invite was the news that the company’s CEO Pat Gelsinger had stepped down as…
Bank of America’s 2025 forecast is rosy but has some caveats. Here’s its outlook for inflation, GDP, and rate cuts.
Things are looking up for the economy next year, according to Bank of America’s forecast for 2025. But there are a few caveats to that projection. US GDP growth should be stable next year, climbing to 2.5% in the first quarter with an average of 2.3% for the year. On the flip side, inflation is…
After giving birth, I dressed in black to blend in with others. Now, my rainbow-inspired fashion brand makes millions.
Olivia Rubin once dressed all in black while struggling with postpartum depression. This as-told-to essay is based on a conversation with Olivia Rubin. It has been edited for length and clarity. I’ve been in fashion for more than 20 years. After studying for a Bachelor’s in fashion print at Central St Martin’s, I worked in…
Why did South Korea’s president declare martial law?
Soldiers attempt to enter the National Assembly building in Seoul after South Korean president Yoon Suk Yeol declared martial law. South Korea’s president, Yoon Suk Yeol, on Tuesday invoked martial law, a stunning move that threw the nation into turmoil. It’s the first declaration of martial law — enabling temporary rule by the military —…
