US stock indices continued to rise on Thursday
As investors embraced the Federal Reserve's plans to cut asset purchases and raise interest rates. The Dow Jones Industrial Average index rose 230 points, or 0.67%, while the&nb...
Uber shares after forecast
Uber (UBER) said it could make up to $25m in profit in the third quarter on the back of improvements in both its taxi and delivery services. Uber shares posted their strongest one-day gain since early 2021.
Uber (UBER) sh...
Employee shortage
Large corporations from Amazon to UPS have announced hiring in recent weeks a welcome sign for the labour market and the economy as a whole US employers added just 235,000 jobs in August, a surprisingly weak gain after two months o...
Supply disruptions
America's biggest housebuilders warn that supply chain disruptions caused by COVID-19 are not going away any time soon.
Both DR Horton Inc. and Lennar Corp., two of the biggest homebuilders in the US by market capitalisation, sai...
The state of the company's stock
FedEx (FDX) shares fell 4.4% in after-hours trading after its financial report. The second US delivery company lowered its profit forecast for fiscal 2022 and said rising labour costs an...
Crisis in the making
Nasdaq Composite, S&P 500 and Dow Jones fell sharply on Monday, with the financial sector hardest hit shares of major US banks JPMorgan Chase (JPM), Goldman Sachs (GS) and others fell by 3% or more. The market sees risks in ...
MBA enrolment levels have fallen
Some of the most prominent MBA programmes in the US have registered a sharp drop or sluggish interest from prospective applicants this year following the 2020 admissions cycle, which saw a sharp rise in applicat...
The price of delivery
Delivery tariffs are rising faster than they have in nearly a decade, increasing pressure on merchants to raise prices or find other ways to offset higher costs.
FedEx Corp on Monday said delivery rates will rise by an average...
Outlook for the future.
Cisco (CSCO) shares rose slightly after the company gave a forecast to increase the share of the more profitable segment in its overall business and gave a revenue growth forecast for 2...
Key takeaways from Apple's presentation
Apple shares rose slightly after the company's annual presentation, where it unveiled its new iPhone 13 range, the new iPad and iPad mini 2021, Apple Watch Series 7 and updates to...
At Costco, the number of visitors exceeds pre-pandemic levels
In recent months, customers have returned to warehouse clubs at levels above pre-pandemic levels and Costco has shown overwhelming strength in terms of market share, a new report reveals....
Deal with SPAC
A source familiar with the matter said Pagaya Technologies Ltd. was nearing an agreement to put a value of about 9.90 billion toward a joint public offering through a merger with a specialty acquisition company.
Pagaya, based in New ...
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Unbundling Ant Financial
Beijing makes plans to separate financial giant Alipay Ant Group, which is 33 percent owned by Alibaba. Also, Beijing indends to create a separate credit reporting app that would be partly ...
US GDP forecasts down
The US economy is set to decline sharply in the third quarter Goldman Sachs, Morgan Stanley, Oxford Economics and the Atlanta Fed have all cut their GDP growth forecasts sharply in recent weeks. The effects of the rapid spread ...
Oracle's report
Oracle (ORCL) shares fell 1.9 percent after the report as the company reported quarterly earnings below analysts' average expectations. Oracle continues to grow its cloud business by increasing inve...
Shipping Integration
The consolidation of shipping over the past 5 years has exacerbated supply chain problems caused by the occurrence of Covid-19, further delaying the movement of cargo across the sea.
Cargo owners and forwarders say that a handf...
MTV Awards
Canadian singer Justin Bieber was named MTV Video Music Awards 'Performer of the Year' on Sunday.
Bieber said the past year had been challenging for everyone, including the coronavirus pandemic, and gave special thank...
Tax on share buy-backs
Democrats in the US Congress want to impose a 2% tax on share buy-backs by companies to raise $270bn to fund the $3.5 trillion welfare bill.
On Friday, two senior Democrats in the US Senate introduced a proposal to impose a 2...
UN General Assembly in New York
The ongoing spread of the coronavirus around the world is clearly having an impact on the UN General Assembly regular session which opens on 14 September, but the very pres...
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