U.S. stock futures were slightly higher lower Thursday after the S&P 500 (SPX) hit another record high, marking its eighth winning day out of nine. Investors appear to be largely unfazed by the ongoing government shutdown. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you …
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The S&P 500’s PE ratio just hit 30. That number is terrible news for investors
On August 28, the S&P 500’s price-to-earnings ratio reached a towering reading of nearly 30, the actual number that day was a whisker short at 29.85. Now it’s official: Around 3 PM on Monday, September 22, the big cap index sailed beyond that historic barrier, gaining 32 points or 0.48%, a surge that pushed the multiple over the landmark to …
Read More »Accenture CEO Julie Sweet says Fortune 500s can survive AI. They have to be willing to reinvent themselves top to bottom
Julie Sweet is one of the most powerful executives in the world, overseeing a 770,000-person workforce at consulting giant Accenture. In her role, she speaks to more Fortune 500 CEOs than almost anyone—dozens of companies pay Accenture $100 million-plus in a single quarter to help them solve their biggest problems—so she has her finger on the pulse of the biggest …
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