Big Tech companies are getting flatter. Mark Zuckerberg explained why over a year ago.
Zuckerberg has famously criticized an organizational structure of “managers managing managers.” Amazon is putting middle managers under the microscope as it seeks to thin out the layers of the sprawling company. The move furthers the Big Tech trend of flattening org charts that Mark Zuckerberg and others like Elon Musk have talked about in recent…
The 3 policy issues portfolio managers are most concerned about this election season — including one that wasn’t discussed during the debate
Former President Donald Trump and Vice President Kamala Harris. For Wall Street, policy — not politics — is the motto leading up to November. And there’s a lot of policy on the line. While Vice President Kamala Harris and former President Donald Trump don’t agree on much of anything, there are a few key areas…
Gen Z’s love of discount stores could send these 3 retail stocks soaring as much as 18%, Bank of America says
Gen Z wants more bang for their buck, and their love of a good deal could drive shares of some discount retailers up nearly 20%, Bank of America says. Analysts at the bank see big upside for retailers TJ Maxx, Burlington, and Ross. Younger generations are shopping at discount retailers at higher rates than older…
YouTube just unveiled new features that could make life easier for creators but come with risks
YouTube CEO Neal Mohan announced a suite of new AI tools for creators at the 2024 Made on YouTube event. YouTube just announced a flurry of new AI-powered features for creators. But as the platform leans deeper into AI, could it impact perceptions of their authenticity and the originality of their work? On Wednesday, at…
Meet the ex-Googler joining Goldman Sachs to build tech and cut costs for its investment banking and trading business
Melissa Goldman will soon have oversight of the technology powering one of the highest-profile businesses on Wall Street. As the incoming global head of technology engineering for Goldman Sachs’ global banking and markets division, the ex-Googler will run the engineering team for Goldman’s investment banking and sales and trading units. “There is just a ton…
Apple made its cheapest iPhone 16 so good there aren’t many reasons you’ll need the Pro version
The color lineup for the new iPhone 16. It looks like the iPhone 16 is making a good first impression on tech industry insiders, but maybe too good a first impression. Early reviews of Apple’s new iPhone — which is released to the public on Friday — are in, and it seems like the cheaper…
The SEC wants to make trading stocks cheaper for the average investor
Gary Gensler, the chair of the SEC. The US Securities and Exchange Commission has revamped how stocks get priced in an effort to reduce costs on investors. On Wednesday, the SEC voted to adjust market rules, so that some stocks will be quoted in increments of $0.005. According to Reuters, the decision to apply the…
The Fed gives the US its first jumbo interest-rate cut in 4 years
The Federal Reserve delivered a jumbo rate cut of 50 basis points on Wednesday. An interest-rate cut has arrived — and it’s a big one. On Wednesday, the Federal Open Market Committee announced it would be cutting interest rates by 50 basis points. It’s the first time the Federal Reserve has cut rates since March…
3 reasons why today’s Fed rate cut is the beginning of a more aggressive cutting spree than investors expect: chief economist
Federal Reserve Bank Chair Jerome Powell The Federal Reserve is expected to slash interest rates today for the first time since 2020 as the labor market and inflation continue to cool. The move is widely anticipated among investors after Jerome Powell’s dovish speech in Jackson Hole, Wyoming, in August. What the market is wrongly forecasting,…
