Interactive Brokers founder and billionaire Thomas Peterffy has spotted one likely unintended consequence of the Federal Reserve embarking on raising interest rates. “There is a lot of leverage in the system as the Fed begins to raise rates. We will be looking at bankruptcies maybe among many of the private equity firms that are invested in on the high leverage, and in several businesses that basically will not be able to pay the interest,” Petterffy told Yahoo Finance. Despite that very real… Source link

Google today announced two new tools for businesses that operate extensive delivery fleets: the Last Mile Fleet Solution and the Cloud Fleet Routing API. The new Last Mile Fleet Solution, which is part of the Google Maps platform, puts an emphasis on optimizing every step of the last-mile delivery process from ordering to delivery. As the name implies, the new Routing API, which is part of Google Cloud, focuses on route planning across fleets of delivery vehicles. The Last Mile Fleet… Source link

New unemployment claims improved more than expected last week, further reflecting a tight labor market and relatively low levels of firings and layoffs. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended March 12: 214,000 vs. 220,000 expected, 227,000 during prior week Continuing claims, week ended March 5: 1.419… Source link

Listing Follows Completion of Business Combination with Spartan Acquisition Corp. III Allego Management to Ring Opening Bell at the New York Stock Exchange Today, March 17, 2022, at 9:30 am ET in Celebration PARIS & ARNHEM, the Netherlands & NEW YORK, March 17, 2022–(BUSINESS WIRE)–Allego N.V. (“Allego” or “the Company”) (NYSE: ALLG), a leading pan-European electric vehicle charging network, announced that its ordinary shares and warrants will begin trading on the New York Stock Exchange… Source link

Russian search engine and cloud computing company Yandex confirmed that its sanctioned deputy CEO has resigned. Tigran Khudaverdyan was sanctioned by the European Union this week, meaning he can no longer work at the Netherlands-registered company. The EU said that Khudaveryan attended a meeting of oligarchs at the Kremlin the week of the invasion of Ukraine. “We were… Source link

A majority (up to 85%) of the emissions from a barrel of oil come when transportation, such as your car, is driven, according to Carbon Tracker. It’s a stark example of how difficult the net-zero goal will be for companies, but far from the only one. Red Huber | Tribune News Service | Getty Images Normative, a Swedish start-up backed by Google, has launched a free version of its carbon emissions tracker as companies around the world try to figure out how to manage their environmental… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 17, 2022 The Federal Reserve finally took the plunge and raised rates. As expected, Fed Chair Jerome Powell led the Federal Open Market Committee to raise its benchmark interest rate target by 25 basis points. The Fed famously operates according to two mandates (actually it has three by law): price stability and maximum employment…. Source link

Mullen Technologies, Inc. Yahoo Finance Live’s Brad Smith, David Briggs, and Rachelle Akuffo identified MULN as an EV stock standout that is doing well among falling EV stocks due to its solid-state battery technology and strong domestic presence. Mullen Automotive Featured Recently in Yahoo Finance Live Segment MULN stock is picking up steam and interest following Mullen’s recent announcements. BREA, Calif., March 17, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc…. Source link

BREA, Calif., March 17, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces MULN’s feature on Yahoo Finance Live, the world’s biggest business news platform. With nearly 100 million unique monthly visitors making it the number one finance website in the U.S., Yahoo Finance provides free stock quotes, up-to-date news, portfolio management resources,… Source link

The gaming industry has been at the epicenter of billion-dollar dealmaking this year as game publishers seek to increase their scale amid tight competition in the high-growth category of digital entertainment. Marketers can expect to have a bigger role in the industry as those publishers work to diversify their revenue with advertising sales. Game developer Take-Two Interactive started the year with a bang by agreeing to buy mobile gaming… Source link