Companies Face Hostility

Here’s a sign that profit growth for America’s biggest companies might be about to take off

Corporate executives are dropping hints that the pace of profit growth could be poised to take off in 2025, according to a team of analysts at Bank of America Global Research.

Business - MarketWatch - October 29

Elon Musk’s xAI startup said to eye funding round, valuing the company at this much

xAI is in talks with investors for a funding round, the Wall Street Journal reported.

Business - MarketWatch - October 29

Pfizer CEO says he welcomes good ideas as Starboard ups pressure on company

Pfizer reported an earnings beat Tuesday morning and raised its full-year outlook, seeing strength in sales of its Covid vaccine and antiviral pill, Paxlovid.

Business - CNBC - October 29

Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts

In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.

Business - CNBC - October 30

Google CEO says more than 25 percent of company's new code written by AI

More than a quarter of Google's new code is being generated by artificial intelligence (AI), CEO Sundar Pichai revealed during Tuesday's third-quarter earnings call for the leading tech company. ...

Politics - The Hill - October 30

Autonomous truck company Aurora delays hauling freight without human drivers until April

Autonomous truck company Aurora Innovation says it won’t start hauling freight without humans on board until April of next year

Tech - ABC News - October 30

Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

Reddit has turned a profit for the first time as a public company

Tech - ABC News - October 30

Political Division and Incivility Cost Companies $2 Billion a Day. Science Suggests Jiu Jitsu Persuasion Is the Answer

Want to have actually productive discussions at work? Research suggests jiu jitsu persuasion.

Business - Inc. - October 31

Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO

Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.

Business - MarketWatch - October 31

Starbucks’s New CEO Just Revealed a Brilliant Master Plan to Turn the Company Around. It All Starts With 4 Words

Brian Niccol’s new four-word goal for Starbucks is brilliant in its simplicity. But there’s more than meets the eye.