How do tech giants like Apple, Amazon and Google make their money?
Companies often need to raise additional funding or capital in order to grow their businesses, invest in research and development, or stay competitive in their industry. While it is possible for companies to use their profits to fund these initiatives, it is often more attractive for them to seek external lenders or investors to provide […]
Bloomberg Billionaires Index says Facebook creator Mark Zuckerberg’s net worth passed $100 billion
Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook Inc. hit a record high on optimism about the release of its TikTok competitor Reels. The 36-year-old joins fellow tech titans Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the […]
Trump issues executive orders against TikTok and WeChat, citing national security concerns
President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing any business with TikTok, WeChat or the apps’ Chinese owners beginning 45 days from now, citing the national security risk of leaving Americans’ personal data exposed. The move coincides with Trump’s push for the sale of TikTok, the popular video app […]
U.S. Economy Contracts at Record 32.9% Rate; Jobless Claims Rise to 1.43 Million
The U.S. economy contracted at a record 32.9% annual rate last quarter and weekly jobless claims rose to 1.43 million, amid signs of a slowing recovery. The Commerce Department’s initial estimate of U.S. gross domestic product in the second quarter is the steepest drop in records dating to 1947. The decline came as states imposed […]
How Business Surveys Became the Latest Casualty of the Pandemic – Covid-induced global slowdown
For months markets have run on the expectation of a V-shaped recovery out of the Covid-induced global slowdown. Recent monthly business surveys have projected a sharp rebound, with the upside surprise boosting equities. These numbers are a mirage. Lurking behind them are methodological shortcomings that investors are often willing to ignore in their thirst for […]
Gender Diversity Key to Corporate Success – Fund Manager Roundup
Companies with a higher level of gender diversity tend to be more successful, and while companies increasingly recognize this, there is a long way ahead, say Julie Bech and Audhild Aabo, portfolio managers for Nordea Asset Management’s global gender diversity strategy. The following is a selection of their comments. Gender Diversity Key to Corporate Success […]