BlackRock Inc. – pressnews

[ad_1] US companies are discussing cost control on earnings calls at a record rate, amid a push to reallocate funds and invest in new technologies, according to an analysis by Morgan Stanley strategists.Transcript mentions of “operational efficiency” are at highest ever in the US during this earnings season as companies focus on expense discipline, but also invest in technologies “that can drive future productivity like AI,” a team led by Michael Wilson wrote in a note. There is a notable overlap among the industries discussing operational efficiency most prevalently and those that are discussing AI, the strategists said. These groups include software, professional services, health care services, and financial services. Pfizer Inc., BlackRock Inc., and Lam Research Corp. were among S&am...

[ad_1] For many who trade cryptocurrencies for a living, the events of a year ago are forever etched in memory. “The worst day of my career, and one of the worst days of my life — the day FTX froze withdrawals,” is how Travis Kling, who runs Ikigai Asset Management, described it in a series of tweets on Nov. 7. Four days later, Sam Bankman-Fried's exchange filed for bankruptcy, ushering in arguably the darkest days in crypto's history. “The first weeks were incredibly brutal. I didn't sleep much at all. Feelings of terror, guilt and shame. We laid off most of the team,” Kling wrote. A year on, the industry is irrevocably altered — while at the same time in many ways remarkably familiar. Mostly gone are the giddy day traders and the abundant leverage that drove Bitcoin to its November...

Tag: BlackRock Inc.

US companies are discussing cost cuts and AI like never before

One year after FTX imploded, here’s how crypto is changing