Exxon May Be Making ‘More Than God.’ But Apple and Alphabet Are More Profitable.

Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell / Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in … Read more

Alphabet Chief Financial Officer Ruth Porat Bought Stock in Blackstone

Text size Blackstone headquarters in New York. Angus Mordant / Bloomberg Blackstone stock has slumped so far in 2022, and director Ruth Porat just bought shares of the private-equity firm on the open market. Blackstone (ticker: BX) stock has fallen 22% year to date, compared with a 13% drop in the S&P 500 index. Blackstone … Read more

More Pain Ahead for Semiconductors and Big Tech

Tech and especially semiconductor manufacturers are going through a tough time. This hard time has recently resulted in turbulent sessions on the stock market. The result of the last five sessions on Wall Street, for example, has been particularly brutal for both sectors. Take manufacturers of microprocessors or chips. Four of US largest chip makers … Read more

Ukraine’s cyber success prompts call for US to shore up its defenses

Ukraine’s cyber success prompts call for US to shore up its defenses | Fortune You need JavaScript enabled to view it. .

Russia-Ukraine war shows need for various US tech supply chains

Russia-Ukraine war shows need for various US tech supply chains | Fortune You need JavaScript enabled to view it. .

Meta Stock Looks Cheap. Should You Buy or Sell Facebook?

Challenges are rising for Meta Platforms — and they’re no longer just about Facebook’s legacy business. Justin Sullivan / Getty Images Text size Suddenly, investors are giving Facebook a big thumbs down. Within 24 hours of reporting dismal results on Wednesday night, Facebook parent Meta Platforms lost more than a quarter of its market capitalization, … Read more