Investors get set for fresh tech turmoil on Wall Street after Meta’s misstep
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
“The tech earnings season is turning out to be a game of two very different halves. After the run of pretty solid numbers from Apple, Microsoft and Alphabet, play has seriously deteriorated with Meta significantly undershooting on expectations.
There had been hopes that the poor form the tech sector had shown in terms of...
Δεν χωράει πλέον ο νους ούτε των ίδιων των πλοιοκτητών το πόσο ψηλά έχουν εκτοξευθεί τα κέρδη για τις Liners εταιρείες οι οποίες μεταφέρουν εμπορευματοκιβώτια.
Σύμφωνα με τις εκτιμήσεις του McCown Container Results Observer τα κέρδη στην κλάδο των πλοίων μεταφοράς εμπορευματοκιβωτίων ανήλθαν το γ’ τρίμηνο του 2021 στα 48,1 δισεκατομμύρια δολάρια, ξεπερνώντας σε σύνολο τα κέρδη που κατέγραψαν οι FANG-οι κολοσσοί της παγκόσμιας τεχνολογίας Facebook, Amazon, Netflix και Google. Η κερδοφορία του...
Ayer Facebook, WhatsApp e Instagram tuvieron un corte de sus servicios a nivel global, lo que originó que las acciones de uno de las principales redes sociales se desplome 5.75% […]
Amazon-backed electric vehicle maker Rivian confirmed Friday it has filed paperwork for an initial public offering, aiming to sell on the Nasdaq under the symbol “RIVN.” The placeholder value of the IPO is $100 million.
The public capital raise is being led by a syndicate that includes power players Morgan Stanley, Goldman Sachs and JP Morgan.
According to the filing, the EV maker is still far from profitable, losing $994 million in the first six months of 2021 and over $1 billion in 2020.
“We...
https://www.freightwaves.com/news/rivian-files-for-what-could-be-the-4th-largest-ipo-of-the-decade
People hate doing things themselves. Today we have cars that are self-driving, microwaves that are self-cleaning, thermostats that are self-adjusting – even sentences that are self-completing. Automation is just about everywhere, from the streets we drive on to the stores we shop at, but there’s still a long way to go before we reach the ceiling of what it can do.
Linnworks is bringing that ceiling closer to reality. On Wednesday, the commerce automation company announced a new majority...
https://www.freightwaves.com/news/linnworks-new-funding-will-enable-an-effortless-economy
By Liz Lee (Reuters) Facebook, Google, Microsoft, and Amazon are seeking to meet Malaysia’s prime minister to ask that foreign vessels be allowed to repair undersea cables in its waters,…
#kt-adv-heading_6c4c45-84, #kt-adv-heading_6c4c45-84 .wp-block-kadence-advancedheading {font-size:20px;font-weight:400;font-family:Montserrat;}
To view more FreightWaves infographics, click here.
https://www.freightwaves.com/news/daily-infographic-the-best-companion-apps-for-rideshare-drivers
House lawmakers have advanced a bill that could potentially require Amazon [NASDAQ: AMZN] to divest its logistics business.
The Ending Platform Monopolies Act, co-sponsored by Reps. Pramila Jayapal, D-Wash., and Lance Gooden, R-Texas, was debated and passed by the House Judiciary Committee on Thursday by a vote of 21-20. The bill will next be considered by the full chamber.
The legislation “eliminates the ability of dominant platforms to leverage their control across multiple business lines to...
Sears perfected the direct-to-consumer (DTC) model, long before DTC was widely known. Macy’s continued it with its legendary Christmas catalogs, as did many others, but the Sears catalog was the Gold Standard.
While the catalog fell out of favor over the past 15 years or so, it is making a comeback. According to eMarketer, DTC revenues grew about 24% in 2020, and the marketing push by brands is driving much of that.
DTC is the promotion and sale of products to consumers directly by the brands or...
After a 13-day strike called off by UAW officials, union workers at Volvo Trucks North America (VTNA) overwhelmingly rejected a tentative agreement Sunday. But they will stay on the job, company officials said.
According to UAW Local 2069’s Facebook page, a majority of the 2,900 represented workers at Volvo’s New River Valley truck assembly operations in Dublin, Virginia voted 91% against common and hourly language and 83% against salary language in the tentative agreement.
The strongly negative...
https://s29755.pcdn.co/news/uaw-overwhelmingly-rejects-tentative-contract-at-volvo-trucks