SpaceX’s stock falls as Wall Street gets spooked by the extent of AI spending
Morgan Stanley expects $64 billion in capital spending from SpaceX this year, as the company is dramatically ramping up AI investments.
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IAASB proposes to revise audit standards for new risks and tech
The International Auditing and Assurance Standards Board proposed revisions Wednesday to three of its International Standards on Auditing: ISA 330, The Auditor’s Responses to Assessed Risks; ISA 500, Audit Evidence; and ISA 520, Analytical Procedures. Processing Content The revisions are part of the IAASB’s efforts to modernize the International Standards on Auditing to improve the…
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Strategic Insights for Wealth Technology Leaders
Expert research and analysis for wealth management CTOs and technology leaders, shaped by insights from our exclusive CTO roundtable. Industry professionals share their real-world experiences and perspectives on digital transformation, innovation strategy, and technology decisions that drive growth and profitability. Access white papers, webinars, and video content featuring the collective intelligence of your peers—designed to…
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Why AT&T, Verizon and T-Mobile shares are down after SpaceX’s earnings
SpaceX thinks it will be able to build wireless capabilities without massive network investments.
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Hellman & Friedman’s Baker Tilly shelves $3bn refinancing and dividend recapitalisation
Baker Tilly has abandoned plans for a roughly $3bn leveraged loan refinancing after investor demand fell short of expectations, highlighting the increasingly selective conditions facing PE-backed borrowers in the syndicated debt market, according to a report by Bloomberg. The accounting services firm, which is owned by Hellman & Friedman and Valeas Capital Partners, had sought…
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AI-enabled category management for procurement success
Distributors are operating in an increasingly unforgiving environment. Since 2022, average distributor EBITDA margins have declined from 8.7 percent to about 8.0 percent—a drop representing almost a tenth of industry profits. Persistent margin headwinds have been created by geopolitical events, including changing tariffs, conflicts, supply shocks, and logistical interruptions. And heightened private equity activity and…
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Jennifer Garner’s outdoor cooking appliances
Those of us who love to pack up our van or vehicle and go camping will know how tricky it can be to cook on the go. While we can’t get enough of toasting some s’mores over an open fire, making proper meals can be a bit more difficult, especially as you don’t always want…
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Figma’s stock falls as the company’s AI push requires steep investments
While Figma’s consumption-based AI monetization strategy is showing promise, the company’s margins are taking a hit.
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Dow Makes More New Highs Despite AI Drag: Stock Market Today
The Dow Jones Industrial Average and the S&P 500 gapped up to new all-time highs at the opening bell on Wednesday, lifted by relative quiet in the Middle East and solid data from the earnings calendar. Heavy exposure to hot AI-related names weighed on the Nasdaq Composite, as markets remain concerned about Big Tech’s spending…
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McDonald picks insider finance veteran as new US boss
Dive Brief: McDonald’s appointed Skye Anderson, a 26-year company veteran who has been COO of McDonald’s USA since April, as president of McDonald’s USA, according to a press release. Her appointment was effective Tuesday, the same day her predecessor, Joseph Erlinger who has led the U.S. business for seven years, told the company that he…
