Capital spending rose 3% from a year earlier in the first quarter at 356 S&P 500 companies that had disclosed figures in quarterly regulatory filings
through midday May 8, according to an analysis by The Wall Street Journal of data supplied by Calcbench, a provider in New York and Cambridge, Mass. That...
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Booker expresses caution about breaking up big companies like FacebookThe senator from New Jersey insisted his comments were not meant as criticism of Democratic rival Elizabeth Warren, who has called for stricter regulations to help unravel some tech giants. Everyone expresses caution about Booker. Should just get rid of the total shit show that is FB. Why people still subject themselves to it is beyond me. It’s like purposely hanging out in an outhouse at a week long outdoor festival. If he were alive then, he would probably have wept about the breakup of Ma Bell.
Source: washingtonpost - 🏆 95. / 72 Read more »
Andrew Yang says big tech companies would be 'well served' if broken upDemocratic presidential candidate Andrew Yang says big technology conglomerates like Facebook, Google and Amazon would be 'well served' if broken up into smaller companies as some of his Democratic opponents have proposed. Google IS the government Is it better that one large and corrupt team of software engineers can access our DMs and see our junk, or multiple smaller ones? Only time will tell. He does not have the right to dictate how other people run their companies. He does not have the right to dictate how other people do anything.
Source: ABC - 🏆 471. / 51 Read more »
Big Companies Pay CEOs for Good Performance—and BadMedian pay for CEOs of the biggest U.S. companies rose to $12.4 million— a post-recession record—even as performance fell to a new low, with a stock-market return of minus 5.8%. Why would a stock holder allow irresponsible compensation at that level. It shows incompetence, short term thinking and complete disregard to everyone working there to make that corp profitable. Executive pay fraud is the industry standard. It's a rigged game and everyone knows it. Loyalty? Blue. Compared to red of bravery and white of integrity? That who stands in that storm for you...
Source: WSJ - 🏆 98. / 63 Read more »
Stalled out: Why the rush of IPOs from big, unprofitable companies like Uber and Lyft could throw the entire market off trackWith the Uber and Lyft IPOs getting rough receptions, Michael Arone of State Street says other unicorns may struggle, spelling trouble for stocks.
Source: BusinessInsider - 🏆 729. / 51 Read more »