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CEOs and Analysts Are at Odds About S&P 500’s Earnings Outlook

(Bloomberg) — There’s an unusual divergence in Corporate America’s profit outlook this season: while analysts have cut forecasts, company guidance points to another strong quarter. Data compiled by Bloomberg Intelligence show analysts expect S&P 500 firms to report a 4.2% increase in third-quarter earnings versus a year earlier, down from …

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Europe’s Innovation Ecosystem Can Make It the New Palo Alto

For over a decade, the tech industry has been chasing unicorns—those elusive startups valued at over $1 billion. The obsession began in 2013, when Aileen Lee—a Palo Alto–based VC—coined the term that captured the imaginations first of founders and investors, and then prime ministers and presidents. But these mythical beasts …

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