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Technology / AI and automation

ASIAN SCAPEGOATING WON’T WASH WITH WALL STREET

When Oracle Corp’s shares plunged earlier this week, chief executive office Larry Ellison lost around $2.16bn on paper. That set the San Francisco Examiner speculating about how many companies will start using Asia as the scapegoat for their poor earnings. During the Gulf War, many companies with little connection to the Middle East blamed their problems on the war. But even if they do, pointed out the paper it doesn’t matter, because Wall Street doesn’t really care what causes earnings disappointments.

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CBR Staff Writer

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