Cart

0

Business

“NIO Shares Jump After Unit Secures $1.9 Billion Investment”

“NIO’s shares in Singapore and Hong Kong surged after a unit of the Chinese electric vehicle maker secured a capital injection…” https://finance.yahoo.com/m/5f41df4f-9a28-32ee-85ac-4f1e41f77a45/nio-shares-jump-after-unit.html News behind paywall. Just know it’s good news for this company.

Business

“GameStop millionaire makes huge bet on battered airline”

“…Vladimir Galkin was paying close attention to all that digital disruption during the meme stock madness. A Florida-based investor, Galkin partly built his fortune through GameStop shares during that time… Now Galkin, who cofounded and owns a majority stake in… Continue Reading…

Business, Economy

“Intel to Cut Thousands of Jobs to Reduce Costs, Fund Rebound”

“…The workforce reduction may be announced as early as this week, according to people familiar with the company’s plans, who asked not to be identified because the information isn’t public. Intel, which is scheduled to report second-quarter earnings Thursday, has… Continue Reading…

Business

“Boeing expects to burn cash again in third quarter after wider-than-expected loss” [Jul 31 2024]

“Boeing reported a bigger loss and weaker revenue than analysts expected for the second quarter. Both the company’s commercial and defense units have been challenged by programs running behind schedule and higher-than-expected costs. The company is under increased federal scrutiny… Continue Reading…

Business

“Tech elites hate the media. So they’re taking a page from Fox News.”

“…Still, as mistrust in traditional media remains high and readers flock to more identity-focused brands, these projects will likely only gain traction and play an increasingly important role in shaping how the tech industry sees itself and perceives its enemies…”… Continue Reading…

Business, Economy

“Air travel demand is breaking records. Airline profits are not”

“…Some airlines have forecast record demand, and in some cases, revenue. On Sunday, the Transportation Security Administration screened more than 3 million people, a one-day record. But higher labor and other costs have eaten into airlines’ bottom lines. To adapt to slower demand… Continue Reading…

Business

“Tesla China Shipments Expected to Slump for Fourth Time in 2024”

“”Tesla Inc. suffered a 24.2% year-on-year fall in shipments from its factory in Shanghai, marking the fourth time this year output has fallen for the electric car leader amid a price war in China…” https://finance.yahoo.com/news/tesla-china-shipments-expected-slump-094746245.html I can’t read anymore. I… Continue Reading…

Business, Economy

“Want to Pay Cash? That’ll Cost You Extra”

“When Noa Khamallah recently tried to pay cash for popcorn and soda at Yankee Stadium, his almighty dollars struck out. The stadium’s concession stands no longer take cash. An employee directed him to a kiosk that could convert his greenbacks into plastic. Khamallah, 41… Continue Reading…

Business

“Streaming Was Supposed to Rescue the Ailing TV Ad Business. It Hasn’t.”

“…The move marks an important inflection point. TV commercials have long stood as the cornerstone of modern advertising. This dominance was owed, in part, to TV’s capacity to reach vast and diverse audiences through ads that leverage sound, sight and… Continue Reading…