How Much Profit Do the World’s Biggest Companies Keep? Key Takeaways Nvidia generates $55.60 in profit for every $100 in revenue, the highest margin among the 30 largest companies in the Fortune Global 500. Big Tech dominates the top of the ranking, with Microsoft, Alphabet, and Meta each keeping more than $30 of every $100 in revenue as profit. At the other end, several of the world’s largest retailers, health care companies, and energy firms keep less than $5 per $100. The world’s biggest companies generate enormous revenues, but the share that ultimately becomes profit varies widely. This graphic ranks the world’s 30 largest companies by how much profit they generate for every $100 in revenue, based on Fortune Global 500 data. Profits are after taxes, extraordinary credits or ch

My Investing Muse (26Oct2026) Waiting for the AI bank run An “AI bank run” is a possible risk, not a reported event [scenario]. In a bank run, withdrawals outpace repayment. Here, lenders and investors could withdraw funding faster than AI projects can replace it or renew debt. The risk is in credit markets, not bank queues. Rising lower-rated data-centre financing makes this scenario relevant. Cybersecurity and AI oversight. [fact] Last week brought an urgent CISA patch alert, a PyTorch supply-chain flaw and a critical GitLab bug. Claims that OpenAI lacks resources to address concerns are unverified. Can oversight keep pace with more autonomous AI? Sam Altman ruled out a 2026 IPO in September [fact]; a listing remains a future possibility. Listings require disclosure, while regulators sep

News and my thoughts from the past week (26Oct2026) 1. Major-company job cuts — American Express: 5%, about 3,500 employees; Barclays: 5,000 as AI improves efficiency; eBay: about 9%; Netflix: 6% globally, about 1,000 (WSJ via X user Zerohedge). Comcast plans significant cuts before its NBCUniversal spinoff (Bloomberg, 21 Oct). Perspective: cost savings are visible; extra AI revenue remains uncertain. 2. Morgan Stanley cuts its AMD chip forecast — Its 2026–2030 graphics-chip (GPU) forecast fell 43%, from 14.1 million to 8.0 million units: 5.9 million fewer (Morgan Stanley chart, 14 October). Perspective: weaker demand echoes the revenue and spending concerns in items 3 and 5. 3. AI revenue: expectations versus results — Rand Group Research compares combined OpenAI and Anthropic annual recu

Earnings Calendar (26Oct2026) Major earnings this week (Kimi compiled public calendars; Benson must confirm dates against his earnings calendar): · Wednesday: Microsoft and Alphabet after the close · Thursday: Amazon (AMZN) after the close — this week’s deep dive; Shell before the open · The shared question: is heavy AI spending generating sufficient returns? Amazon reports Thursday 29 October after the close; its call is at 5:00 pm ET. Figures come from the Yahoo Finance plugin and public sources. Profits are strong, but data-centre spending has sharply reduced free cash flow—cash left after capital investment. Valuation and sentiment. Amazon closed Friday at US$248.00, up about 10.6% over twelve months, with a market value near US$2.7 trillion. Barchart reports roughly 20% over its 52-we

Week ahead: 26 October 2026 — Central banks, the Fed and Amazon’s AI spending Economic Calendar (26Oct2026) Five major central banks announce rates this week, alongside the UK Budget. The Fed decides before key US inflation reports. Europe has ended summer time; the US changes on 1 November. For Asian readers, US events arrive one hour earlier than usual. 1. Fed decision — Wednesday 28 October, 2:00 pm ET (Chair Warsh’s press conference: 2:30 pm). Rates are 3.75–4.00%, following September’s first increase in three years. A hold is expected: 94 of 100 Reuters-polled economists predict no change; CME futures suggest a 10% chance of an increase. No updated rate forecasts (“dot plot”) are due. Watch the response to September’s 3.7% consumer inflation and signals of a December increase, as Pimc

4 · Last week’s leading news These are the main stories we are highlighting for readers this week, shown as they originally appeared so readers can judge them for themselves. @Kalshi_Finance · 16 Oct — CoreWeave founders cashed out $3.3bn. BigGo Finance · 15 Oct — CoreWeave founders’ $3.3bn cash-out; paper wealth down ~$15bn. @unusual_whales · 17 Oct — IMF warning on an AI-bubble hit to global growth. @WatcherGuru · 17 Oct — Bank of America on the AI investment cycle. @unusual_whales · 17 Oct — call to delay Anthropic’s IPO over AI-safety concerns. @coinbureau · 15 Oct — Anthropic Q3 revenue and IPO timing. Yahoo Finance — Nvidia’s Jensen Huang on cutting off unsafe-AI customers. @unusual_whales · 15 Oct — eight US states sue OpenAI. WSJ, via Threads — Netflix cutting about 1,000 jobs. @Tr

2 · How we research a company — Procter & Gamble (PG) Rather than give readers a list of stocks, we want to explain the research process. Procter & Gamble reports this week, so we use it as an example of how to decide whether a company belongs in a portfolio. This explains a method; it is not a recommendation. US earnings week ahead, 19–23 Oct 2026 — Stock Titan. P&G reports before the open on Thursday. Reports: before the open on Thursday 22 October 2026 (fiscal Q1 2027). The company at a glance P&G at $159.35 on 16 Oct — Investing.com. ‘Earnings in 4 days’; five-year total return about +31%. Company snapshot: P&G traded at $159.35 on 16 October, giving it a market value of about $370bn. The shares were valued at roughly 24 times earnings and offered a 2.7% dividend yi

Through My Asian Lens · Pukka Perspectives Weekly Investing Preview United States market · Week of Monday 19 – Friday 23 October 2026 The calendar is quieter this week, but many companies will report earnings, and the market has recently weakened. Here is how we see the week ahead — as a guide for thinking, not a list of trades to copy. 1 · The economic calendar This section is not about guessing the numbers. It is about understanding what each report may tell us and how markets often react. This week is light, and Federal Reserve officials are not speaking publicly, so the data will mainly shape expectations before more important events next week. Calendar summary: This is a light data week. China’s third-quarter GDP is expected to improve slightly to 4.4% from 4.3%. US jobless claims are

Let us consider planning our year-end travel in areas less prone to extreme weathers, natural disasters like earthquake and volcanic activities. At the same time, Let us consider preparing some emergency toolkit. Keep well all and stay safe. Over the past week, severe weather and major natural disasters were heavily defined by an active Pacific basin and late-season Atlantic tropical activity. A powerful magnitude 7.7 earthquake struck near Panama's Azuero Peninsula at a shallow depth, injuring at least 27 people, damaging more than 400 structures, and triggering widespread power outages across six provinces. In the tropics, Hurricane Isaias made landfall near Destin, Florida as a Category 2 storm with 105 mph sustained winds. It marked the latest first-hurricane formation of an Atlanti

INVESTING PREVIEW (12Oct2026) III. News and My Investing Muse Energy is driving inflation. Brent crude averaged about $114 in September, while petrol and diesel reached record monthly prices. Core inflation is still easing, but the Fed cannot solve an oil shock with higher interest rates. Car buyers are feeling the pressure. A quarter of new-car loans now run longer than 84 months. The average amount financed is $44,664, with a monthly payment of $787. I’ll be listening for signs that banks are seeing more household stress. A small insurer is flashing a warning. South Carolina is moving to take control of Atlantic Coast Life Insurance after concerns about risky, hard-to-sell investments. The company is not large enough to threaten the wider system, but the case shows how higher rates can e

INVESTING PREVIEW (12Oct02026) II. S&P 500 Technical Analysis The S&P 500 reached a record 7,819 on October 6, breaking above its August high after two quiet months. Still, momentum is weaker than it was in July. The RSI, a measure of market strength, has fallen to 55 from 75. The VIX is also low at 14.8, which suggests investors may be too relaxed ahead of Wednesday’s inflation report. I’m watching three levels: 7,800, 7,700 and 7,550–7,575. Holding above 7,800 would support the breakout. A drop below 7,550 on a Friday close could open the way to 7,350. The trend is still up, but I do not want to chase it before the inflation data. Michael Burry warns that investors are in denial. That may be true, but the market is still at record highs and the trend remains positive. I’m taking

My Investing Muse — Week of October 12, 2026 Three weeks before the midterms, markets have a lot to digest. This week, I’m focusing on what the key numbers mean—and what I plan to do about them. I. Economic and Earnings Calendar Monday is Columbus Day. The bond market is closed, but the stock market is open. Big banks start reporting Tuesday, including JPMorgan, Goldman Sachs, Wells Fargo and Citigroup. UnitedHealth also reports. Wednesday is the key day. September inflation data arrives at 8:30 a.m., alongside results from ASML, Bank of America, Morgan Stanley and BlackRock. Economists expect headline inflation of 3.6–3.7% and core inflation of 2.4%. The Fed still expects another rate increase this year, but markets see only a small chance of one on October 28. If core inflation runs hott