Tag Archives: Companies

For example, when Amazon began building its cloud-computing business, it went on an acquisition spree, buying at least 13 cloud tech companies from 2012 to 2020, according to the Post’s analysis. That included firms like Thinkbox Software, a maker of cloud-based design tools, and security company Sqrrl Data; in neither case did Amazon disclose the purchase price. Source link

SpaceX launched the first all-civilian crew into orbit on Wednesday evening. The liftoff at 8:02 p.m. from Kennedy Space Center in Florida is a major step towards the future of commercial space travel.  “Few have come before, and many are about to follow,” said billionaire Jared Isaacman from inside the spacecraft. The 38-year-old founder and CEO of Shift4 Payments (FOUR) funded the mission called Inspiration4. The voyage benefits St Jude’s Hospital.  None of the four crew members on board… Source link

Google Cloud is having some success when it comes to landing ad tech companies as new customers, but the companies that choose Google to manage their computing infrastructure are making a tricky bargain.  Google recently struck deals with 33Across, a publisher monetization company, and a crypto-marketing startup, Permission.io, to help power their businesses. In this way they are relying on the No. 1 internet ad company, while also competing in areas that overlap. This dynamic… Source link

On Thursday afternoon, President Joe Biden announced that U.S. businesses with over 100 employees will soon need to ensure that their employees are either fully vaccinated or tested weekly. Within hours, the reaction in the political class was intense. The hashtag #wewillnotcomply was trending on Twitter, Biden was called an authoritarian and a fascist, and Republican governors and the RNC threatened legal action. Brooke Rollins, the CEO of Trump-aligned America First Policy Institute, was one… Source link

Despite investment banks such as Morgan Stanley and Credit Suisse recently cutting their U.S. equity outlooks, one would be hard-pressed to not find bulls continuing to outnumber bears on Wall Street.  Chat up any strategist on the Street and most are apt to play down the impact of the Delta variant on the U.S. economy, while playing up the potential for companies to expand profit margins further. The bulls — and again they continue to rule the roost —are also quick to point out strong… 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, August 26, 2021 Buybacks are making a comeback In the years before the COVID-19 pandemic, one of the biggest sources of buying power in the stock market were the companies themselves.  At the post-crisis buyback peak of March 2018, members of the S&P 500 had spent a collective $823.2 billion repurchasing shares of their own company over… 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 Tuesday, August 17, 2021 No skills? No degree? You’re hired.  The hiring logjam showed some signs of easing in July.  But companies in the trenches trying to match labor demand and supply still see a market that continues to be imbalanced — and tilted heavily towards those looking for work.  “No matter what source you use right now,… Source link

Attracting workers is one of the biggest challenges for the economy as it recovers from the pandemic. It’s a hurdle the restaurant business knows all too well. “Labor has always been a big challenge. But I think it’s more difficult than ever now,” says David Novak, founder and CEO of David Novak Leadership and co-founder and former CEO of Yum! Brands (YUM), which operates KFC, Pizza Hut, and Taco Bell, among other brands.  “Everybody that I’ve talked to says it’s never been harder to get the… Source link

Short seller Carson Block gained notoriety for exposing the fraudulent accounting practices of U.S.-listed Chinese companies. But the founder of Muddy Waters Capital now believes the days of Chinese companies tapping American capital markets are over. In an interview with Yahoo Finance Live, Block attributed the recent regulatory crackdown on China’s largest firms to an acceptance by Beijing’s leadership that the delisting of its U.S.-listed firms is “inevitable.” “I think Xi Jinping is… Source link

With the recent rise of the Delta variant, many major American companies are now requiring full-time employees to get vaccinated before returning to the office. In the past few weeks, more companies have announced plans to mandate COVID-19 vaccinations for employees who are working at in-person offices. Cases for the novel coronavirus continue to rise due to the highly transmissible Delta variant, which now makes up more than half of all new COVID-19 cases in the U.S. The… Source link