Wall Street plans to spend nearly half its IT budget on the public cloud in 2020. Here's where firms see the biggest benefits, and what's still holding them back.

A survey conducted by Refinitiv found financial firms plan to spend 48% of their tech budgets on the public cloud in 2020, a 7% uptick from 2019.

September 09, 2019   |   View Online »

Wall Street plans to spend nearly half its IT budget on the public cloud in 2020. Here's where firms see the biggest benefits, and what's still holding them back. Dan DeFrancesco | A survey conducted by Refinitiv found financial firms plan to spend 48% of their tech budgets on the public cloud in 2020, a 7% uptick from 2019. Read More »

The SEC won't play ball on bitcoin ETFs. Here's how Franklin Templeton and others are launching funds with crypto and blockchain twists. Meghan Morris | With a bitcoin ETF still off the table, asset managers are finding ways to edge closer to crypto offerings for investors big and small. Read More »

Mutual funds like Fidelity's famed Contrafund have slashed valuations on their WeWork stakes Bradley Saacks | Mutual funds have wide-ranging views on where WeWork should be valued. But they all agree that it's a real estate company. Read More »

The chief strategist at a $1 trillion investing giant says Trump is doomed to lose his trade war — and explains why that would be the best possible outcome for markets Marley Jay | Kristina Hooper of Invesco says the likely end of the trade war will disappoint the Trump administration, but the market will be glad it's over. Read More »

VCs just bet $3.5 billion that tech will transform the future of healthcare. These are the top 9 firms making the most digital health investments. Emma Court | The highly-regulated healthcare industry moves slowly, and isn't exactly known for its tech-savviness. VCs and startups want to change that. Read More »

A Harvard grad was the first employee at buzzy credit card startup Brex and says the experience was better than any MBA program she could have taken. Megan Hernbroth | Larissa Rocha joined Brex in June 2017, two years before it became the hottest startup in Silicon Valley worth $2.6 billion. Read More »

Google Cloud has a new program to assign its best salespeople to go after the biggest customers — but Google employees say it makes it harder for current salespeople to advance Rosalie Chan | Google Cloud is assigning its top salespeople to go after the largest companies. Sources say this program makes it harder for insiders to advance. Read More »

These are the 3 questions Salesforce's chief recruiter asks nearly every job candidate — and the answers she wants to hear Shana Lebowitz | Salesforce is one of the most desirable employers in the US. If you're interviewing there, you'll be asked questions about your values and purpose. Read More »

FedEx is pivoting to e-commerce. A C-suiter explained to us how the delivery giant is doing it differently than everyone else —and what's behind dumping Amazon. Rachel Premack | FedEx's revenue is 70% business-to-business. That complicates maintaining high margins while navigating the exploding world of e-commerce. Read More »

Here's a step-by-step guide on how performance reviews work at Google Shana Lebowitz,Sherin Shibu | At Google, even people below you on the hierarchy review your performance. This is just one aspect of the company's performance-review system. Read More »

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