Bankim Chadha, Deutsche Bank chief global strategist, joins 'The Exchange' to discuss Fed Chair Powell's testimony and the bond market. ...

We've been speaking with top economists to better understand what this economic climate means for companies' bottom lines. Today, I'm speaking with CEO and Chief Strategist for QI Research Danielle DiMartino Booth. Hi, Danielle, thanks so much for taking the time to speak with me again this year.Thank you for having me. Great to be with you again. How can companies protect their bottom lines in this time of political and economic uncertainty.So, you know, the idea of battening down the hatches before the hu ...

Financial Data and Key Metrics Changes - Gross billings increased by 12% year over year, reaching $21.6 billion, with a 11% growth in constant currency [12] - Net revenue rose by 7% year over year to $14.9 billion, exceeding guidance [13] - Non-GAAP diluted EPS was $2.99, above the upper end of guidance [16] - Free cash flow generation for the quarter was approximately $543 million [17] Business Line Data and Key Metrics Changes - Endpoint Solutions portfolio gross billings grew by 13% year over year, driven by the ongoing PC refresh cycle [13] - Advanced Solutions portfolio gross billings increased by 12% year over year, with a 10% growth when excluding Hive [13] - Software billings grew by 20%, driven by cloud, cybersecurity, and infrastructure software [6] Market Data and Key Metrics Changes - All regions and major technologies experienced growth during the quarter, with strong demand from SMB, MSPs, and Public Sector, all growing in double digits [6] - Europe showed strong growth at 17% year over year, while North America also enjoyed solid growth [90] Company Strategy and Development Direction - The company shared five strategic imperatives aimed at delivering above-market growth, including unifying reach, targeting new customers, and expanding distribution markets [7] - The focus on digital capabilities is intended to help new customers scale and improve operational efficiencies [9] - The company aims to generate profitable growth and free cash flow while being a valued partner to vendors and customers globally [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a volatile environment due to global trade developments but expressed confidence in the company's strong financial position [18] - For Q3, the company expects non-GAAP gross billings in the range of $21 billion to $22 billion, representing approximately 6% growth at the midpoint [18] - Management remains cautiously optimistic about demand, particularly in the public sector, despite macroeconomic uncertainties [32] Other Important Information - The company returned $186 million to shareholders in Q2, including $149 million in share repurchases and $37 million in dividends [17] - The Board of Directors approved a cash dividend of $0.44 per common share, payable on July 25, 2025 [18] Q&A Session Summary Question: Can you provide more details on the demand pull forward mentioned? - Management noted a pull forward in demand, particularly in PCs, estimating a benefit of $100 million to $200 million in sales [23][24] Question: Why is Q3 guidance similar to last year despite the pull forward? - Management indicated that while there was a pull forward, they expect demand to soften in the second half of the year, leading to cautious guidance [30] Question: Are you seeing any weakness in any region or product line? - Management stated that current demand is in line with guidance, but they remain cautious due to potential impacts from tariffs and geopolitical issues [60] Question: What is the current status of the PC refresh cycle? - Management believes the company is in the middle of the PC refresh cycle, which began one to two quarters ago [79] Question: What is driving the sequential margin improvement in the Endpoint Solutions business? - Management attributed margin improvement to increased demand and a stronger pricing environment during the refresh cycle [83]

President Trump and his team making one final push to get the president's tax bill across the finish line by next week. Michael Falcon there is uh the deputy treasury secretary and uh Mr. . Secretary it's good to see you from watching from where we are.It just seems like there's you know so many we're going to have Ran Paul on for example there's so many different constituencies you know single person constituencies on both of we just had Michael on as well. Are you confident that when push comes to shove t ...

Roger Ferguson, Former Federal Reserve Vice Chairman and CNBC contributor, says Powell will highlight uncertainty. CEOs remain cautious, with many expecting mild recession; Fed remains divided on timing of rate cuts amid global risks. ...

23 June 2025 | 7:07AM EDT US Economics Analyst Salvaging the Soft Data: How Companies Say They Are Responding to Tariffs (Walker / Mericle) Jan Hatzius +1(212)902-0394 | jan.hatzius@gs.com Goldman Sachs & Co. LLC Alec Phillips +1(202)637-3746 | alec.phillips@gs.com Goldman Sachs & Co. LLC David Mericle +1(212)357-2619 | david.mericle@gs.com Goldman Sachs & Co. LLC Ronnie Walker +1(917)343-4543 | ronnie.walker@gs.com Goldman Sachs & Co. LLC Manuel Abecasis +1(212)902-8357 | manuel.abecasis@gs.com Goldman Sac ...

伴随着AI的迅速发展，几乎每个劳动领域都面临冲击，像创意工作、数据分析等，只要能被量化的任务，都可能被自动化。对于那些引领组织穿越这场 动荡转型的领导者而言，应对方法很简单。支持那些投资回报率模糊的冒险赌注，奖励那些重新定义问题并勇于探索未知的团队。留出空闲时间，促进跨 团队交流，以激发意外发现和创意重组。将这些有意保留的模糊领域视为战略资产，而非负担。 AI无需如科幻作品那般升级，便能颠覆经济格局。当下的模型，以及正在研发中更廉价、性能更强的版本，几乎注定要冲击劳动力市场的各个角落。它 们在文本、图像和视频领域展现出的惊人表现，不仅可能改变作家、设计师、摄影师、建筑师、动画师和品牌广告商等创意阶层的工作模式，还会影响金 融分析师、顾问、会计师和税务申报员等处理电子表格的职业人群。就连法律、医学或学术等有着专业门槛的领域也难以幸免：AI能够筛选海量内容， 以如今几分之一的成本提供定制化建议或课程，且质量也在迅速提升，与人类不相上下。 关于AI工具究竟还能强大到何种程度，以及这一进程会有多快，目前仍存在诸多重大疑问。Anthropic的达里奥·阿莫迪（Dario Amodei）和OpenAI的山姆· 奥特曼（S ...

Core Insights - Exxon Mobil Corporation (XOM) has outperformed Eni SpA (E) in stock price performance, with year-to-date returns of 8.6% for XOM compared to 23.4% for Eni, but stock performance alone does not fully reflect investment potential [1][2] Group 1: Business Fundamentals - XOM plans to initiate 10 large energy projects this year, expected to generate over $3 billion in earnings by 2026, indicating a strong focus on long-term profitability [3][7] - Eni is set to start five major energy projects this year, but its growth is slower than XOM's, and its chemicals division, Versalis, is underperforming due to high costs and weak demand in Europe [5][7] Group 2: Financial Performance - XOM has a total debt to capitalization ratio of 12.2%, significantly lower than the industry average of 28.3% and Eni's 34.1%, positioning XOM better in uncertain environments [8] - In Q1, XOM returned $9.1 billion to shareholders, including $4.8 billion in share repurchases, while Eni returned only €386 million in the same period [9][7] Group 3: Strategic Direction - XOM is aggressively expanding, while Eni is restructuring its operations, including closing facilities in Brindisi and Priolo [10] - XOM's current valuation reflects a premium, trading at a trailing 12-month EV/EBITDA of 7.10x compared to the industry average of 4.29x and Eni's 4.36x [10]

Reset the clock. BTC dips below 100K for the first time since May as geopolitical uncertainty reaches new heights. America gets involved. Speaking of which, the situation in the Middle East takes a fresh twist as the US bombs Iran's nuclear sites. Can the markets rebound? Token swaps. It's not just regular companies adopting Bitcoin treasury strategies. Now, altcoin projects are starting to stack BTC 2, Gigabrain move or last roll of the dice and a look at the top performing cryptos, tweets of the week, dat ...

A critical question is whether the price change is temporary or permanent. It is easy to focus on the recent rise in oil prices, but compared to early April, oil prices are only up modestly. Relative to mid-January, oil prices are little changed and are indeed down a touch on a year-over-year basis. June 22, 2025 06:00 AM GMT Sunday Start | What's Next in Global Macro M Global Idea War and Oil This entire year has been marked with global uncertainty. The discussions of a trade war have shifted again to disc ...