All articles tagged with #fortune 500
A year-long cyber intrusion into F5, a major cybersecurity firm serving most Fortune 500 companies, was publicly disclosed and attributed to Chinese spies, raising concerns about widespread vulnerabilities similar to the SolarWinds incident, with potential access to sensitive networks and source code, prompting urgent government and industry responses.
Despite challenges in the tech sector and high short interest, Super Micro Computer, an IT hardware company, surged 206 spots on the Fortune 500 list in 2024, driven by strong revenue growth and strategic positioning in AI, cloud computing, and data center infrastructure, indicating potential for continued market cap increase despite skepticism from short sellers.
Two Birmingham-based companies, Regions Financial and Vulcan Materials, are listed on the Fortune 500, which ranks the top U.S. corporations by revenue, with Regions at 433 and Vulcan at 500. The list features companies with nearly $20 trillion in revenue, led by Walmart and Amazon.
The 2025 Fortune 500 list sees Walmart and Amazon maintaining top positions, with Apple ranking fourth after a decade of consistent placement, and a record number of healthcare companies and female CEOs highlighted, alongside geographic trends in company headquarters.
Super Micro Computer rapidly climbed 206 spots on the Fortune 500 list to No. 292, driven by its strategic focus on AI, cloud computing, and data center infrastructure, with a 110% revenue increase to nearly $15 billion. Despite recent controversies and investigations, the company remains confident in its growth prospects, especially in AI-ready infrastructure and green computing.
Fortune 500 CEOs are warning that President-elect Donald Trump's proposed tariffs on imports from China, Mexico, and Canada will lead to higher consumer prices. Executives from companies like Best Buy, Ikea, and Walmart express concerns that these tariffs will increase costs, which will be passed on to consumers, affecting affordability and potentially leading to inflation. The impact is expected to be industry-wide, affecting sectors such as furniture and consumer electronics, with companies struggling to maintain low prices.
California Governor Gavin Newsom faced significant backlash after celebrating the state's lead in Fortune 500 companies on social media. Critics highlighted issues such as rising homelessness, crime, and economic disparity, arguing that the governor's focus on big business ignores the struggles of ordinary Californians. The state's population decline and budget deficit were also points of contention, with many accusing Newsom of prioritizing corporate interests over the needs of residents.
Walmart CEO Doug McMillon, who started his career unloading trailers and was rejected by top business schools, shares three key tips for success: live in the moment, align your job with your passions, and trust and believe in people.
The 2024 Fortune 500 list has been released, featuring Sherwin-Williams and nine other companies from the Greater Cleveland area among the nation's top 500 largest corporations based on 2023 fiscal year revenue.
California has surpassed Texas and New York to become home to the most Fortune 500 companies, with 57 headquartered in the state. Despite losing five companies from the list, California added nine new ones, including DoorDash and Prologis. Texas and New York each have 52 companies on the list, with Texas attracting firms due to its business-friendly policies and New York remaining a banking and consulting hub.
The inaugural edition of Fortune 500 Europe ranks the largest companies in Europe by revenue, highlighting the region's significant role in driving the global business agenda. The list features businesses from 24 different countries, with London-based oil and gas giant Shell topping the list. Despite facing challenges such as the Ukraine war, inflation, rising interest rates, and a weakening euro, Europe's corporations have generated a combined revenue of $13.94 trillion in their most recent fiscal year. The rankings reflect the influence of the global economy, trade policies, mergers and acquisitions, and corporate upheaval.
David Kang, a professor of international relations and business at the University of Southern California, has been tracking the education backgrounds of Fortune 500 CEOs since 1999. His findings reveal that a fancy degree isn't required for business success, and top-tier corporate executives usually don't have elite educations. Of the 2023 Fortune 100 CEOs, only 11.8% attended an Ivy League school as undergrads, and only 9.8% hold an Ivy League MBA. The consistent pattern for 20 years has been top leaders attending a diversity of colleges.
The Fortune 500 list for 2022 showed record revenues but plummeting profits, leading to concerns about an imminent recession. However, economists argue that this is a natural part of the business cycle and not a cause for immediate concern. Rising interest rates and a slowdown in economic growth are causing a "margin compression" period, leading to falling profits. While some believe "greedflation" is delaying the onset of a recession, others argue that it was merely a result of supply and demand imbalances. Businesses should start planning for a recession, but it is not an imminent threat.
The Fortune 500 list for 2022 showed record revenues but plummeting profits, with companies earning $1.56 trillion in profits on $18.1 trillion in revenue. Rising interest rates increased borrowing costs for many companies, while the tech sector saw its profits sink sharply amid the e-commerce slowdown and return to office trend. Economists argue that this is a natural ebbs and flows that occur in earnings during business cycles, and while profits will continue to sink this year, it is not an imminent threat of a recession.
Two Birmingham-based companies, Regions Financial and Vulcan Materials, have made Fortune's annual list of the nation's largest corporations. The revenue threshold for making the Fortune 500 list was $7.2 billion this year, up 13% from a year ago. Walmart made the top spot, followed by Amazon, Exxon Mobil, Apple, and UnitedHealth Group. Of the 500, 52 companies are led by women CEOs—an all-time high, up from 44 last year.