FedEx reported quarterly profit that missed Wall Street estimates on Monday, as employee compensation and other expenses weighed on results. Shares in the Memphis-based package delivery company fell 5 percent Tuesday. FedEx and rival United Parcel Service are considered bellwethers for the U.S. economy and investors are monitoring U.S. President Donald Trump’s tariff battle with
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Gary Cohn, the White House’s former top economic advisor, said Monday that Jamie Dimon would make a “phenomenal president” days after the J.P. Morgan Chase chief executive said he could beat President Donald Trump in an election. “I think Jamie would make a phenomenal president. I think Jamie would be a spectacular president,” Cohn said
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FilmMagic | Getty Images Entreprenuer Kimbal Musk speaks onstage during day 2 of the 2015 Life is Beautiful festival on September 26, 2015 in Las Vegas, Nevada.  Elon Musk is working hard for Tesla shareholders and the company’s focus is on delivering the Model 3, said Musk’s brother and Tesla board member Kimbal Musk on
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The cloud license and on-premises license generated revenue of $867 million, compared with the $865 million consensus estimate among analysts. Hardware revenue came in at $904 million, while services revenue was $813 million. Last week, analysts at KeyBanc Capital Markets lowered their estimates for Oracle’s next few quarters. “Oracle’s move to the cloud is taking
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Interest rates have been marching steadily upward for months, and the Fed has indicated plans to raise interest rates twice more before year’s end in an effort to temper inflation amid a growing economy and sustained job growth. “There’s been a sea change in the markets,” said Matt Diczok, fixed-income strategist for Merrill Lynch and
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Heading into Monday’s fiscal first quarter earnings report following the market close, Oracle is looking for a story to tell investors that could get them excited for the future. Analysts anticipate almost no revenue growth this fiscal year, despite company executives frequently touting Oracle’s cloud business and telling investors it can deliver cheaper cloud-computing services
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The mental roadblocks humans tend to throw in front of their efforts to make sound decisions have come to be known as “cognitive biases.” Cognitive biases are so apparent and so inherent that there’s no disputing their existence. Psychological research has identified an array of cognitive biases. Given the foundational level at which these biases
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When a company’s culture is healthy, these conversations should happen easily, Moravek says. But even in an unhealthy culture and with a difficult, poorly trained supervisor, it’s worth trying to develop the relationship. After a difficult moment at work, Moravek recommends taking these steps. Take a deep breath and remind yourself this is not personal.
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Clearly, the Fed has not been able to hold inflation down. Statements by Fed officials last week are recognizing that difficulty, admitting that inflation will be rising above 2 percent. A strange “market guidance” indeed. Consumer prices in July and August have already been pushing up at an average annual rate of 2.8 percent. It
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