Someone you probably have never heard of has managed to scare virtually all of corporate America — and Wall Street is creating a new cottage industry around the fear. Robby Starbuck, a former music television director, has turned his social media account into a weapon against corporate D.E.I. efforts, whipping …
Read More »For Executives, ‘Defending Democracy’ Can Seem Risky
Republicans have spent months laying the groundwork to challenge a defeat of Donald Trump in the presidential election. During a fund-raising call organized by corporate lawyers in September, Douglas Emhoff, the husband of Vice President Kamala Harris, asked for help if those efforts veer outside legal grounds. According to two …
Read More »What’s at Stake in a Strained Microsoft-OpenAI Partnership
“The best bromance in tech” is under pressure Few partnerships in the technology world in recent history have been as transformative as Microsoft’s alliance with OpenAI, which paired a computing giant with a start-up that is among the leaders in artificial intelligence. But that alliance is showing signs of strain, …
Read More »Can Wall St. Help Harris Win Pennsylvania?
Where Wall Street intersects with the Harris campaign Despite entering the presidential contest only about three months ago, Vice President Kamala Harris has shattered fund-raising expectations — in large part because she has managed to win over many of the business donors who had been lukewarm about President Biden. At …
Read More »Executives and Research Disagree About Hybrid Work. Why?
Amazon’s C.E.O., Andy Jassy, made waves last month when he demanded that all employees return to the office five days a week. The proclamation seemed to validate similar demands made by executives like JPMorgan Chase’s Jamie Dimon and Goldman Sachs’s David Solomon. And it naturally raised the question of whether …
Read More »Wall St. Profits Surge Despite Questions About the Economy
What corporate earnings say about the economy Earnings season is underway, with Wall Street giants flying out of the gate this on Friday. JPMorgan Chase, Wells Fargo and BlackRock have each reported results that soundly beat analysts estimates, lifting shares in premarket trading. Quarterly financial reports in general should deliver …
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