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Even the deepest pockets have their limits. Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market Intelligence. Amazon and Alphabet are also currently generating just under $95 billion combined in annual free cash flow. Copyright ©2024Dow Jones & Company, Inc.…

Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this week, should show how the banks’ customers fared in the harsher rate environment.  So far, households have continued to spend and borrow, despite higher borrowing costs, and businesses have hired at a healthy pace. The biggest banks have reaped the rewards. JPMorgan, Wells Fargo and Bank of Americaturned in strong profit growth for the first three…

There’s a new task on the 2024 to-do list for founders: Make sure you can’t get Altmaned. While startups have ousted leaders before, the entrepreneur world was stunned to see the board of hot artificial-intelligence company OpenAI fire Sam Altman just before Thanksgiving. He had been the face of one of the biggest successes of the year and suddenly he was out. In startup land, founders and advisers say they started discussing new ways to protect themselves.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Updated Nov. 22, 2023 7:14 am ETListen to article(2 minutes)Sam Altmanwas in Las Vegas for the biggest party of the weekend, the Formula One race, when he opened the Google Meet link that would set off a whiplash-inducing corporate power struggle about the future of artificial intelligence. In the moments before he clicked on the link in his hotel room, the 38-year-old CEO was living a charmed life. Ever since his company, OpenAI, ushered in the AI age a year ago with the release of ChatGPT, Altman had been jet setting…

Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month, Mat Ishbia’s fingerprints were everywhere.He bought the Suns in February, tapping into the fortune he made in the mortgage business. And his lending company, UWM Holdings, sponsors the Pistons, with its logo appearing on their jerseys.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month, …

Lots of U.S. companies have talked about a super app, including PayPal, Snap and Block. Lots of U.S. companies have talked about a super app, including PayPal, Snap and Block. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do…

One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022. One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

Lots of U.S. companies have talked about a super app, including PayPal, Snap and Block. Lots of U.S. companies have talked about a super app, including PayPal, Snap and Block. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do…

Entrepreneurs are renting out fleets of cars through services including Turo and Getaround, or building their own websites. Entrepreneurs are renting out fleets of cars through services including Turo and Getaround, or building their own websites. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Pipelines to Corpus Christi, Texas, are near capacity as U.S. oil production approaches records. Pipelines to Corpus Christi, Texas, are near capacity as U.S. oil production approaches records. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…