Tag Archives: Disruptions

Transportation Secretary Pete Buttigieg told Yahoo Finance Live supply chain bottlenecks at the country’s major ports will likely persist for the foreseeable future.  “We are definitely seeing some immediate impacts of the immediate steps that we have taken, but the honest answer I can give you, as long as the pandemic continues, there will be disruptions,” Buttigieg explained.  The supply chain bottlenecks triggered by the pandemic continue to have multiple effects on the U.S. economy.  For… Source link

As a result of worsening supply chain disruption in Vietnam, BTIG has downgraded Nike’s (NKE) rating from Buy to Neutral. “We believe the risk of significant cancellations beginning this holiday and running through at least next spring has risen materially for NKE as it is now facing at least two months of virtually no unit production at its Vietnamese factories which accounted for 51% of footwear and 30% of apparel units,” said BTIG senior analyst Camilo Lyon, in a recent note. Over the… Source link

Bloomberg Bitcoin’s Obstacles Mount Amid China Cryptocurrency Warning (Bloomberg) — Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment.The largest token fell below $40,000 for the first time since early February, dropping as much as 10% to $38,973 on Wednesday and continuing a weeklong slide sparked by Elon Musk’s back-and-forth comments on Tesla Inc.’s holdings of… Source link

MOSCOW, March 10. /TASS/. Disruptions in functioning of four major Internet services occurred in Russia, according to the Downdetector website data. YouTube suffered most disruptions: Downdetector registered 308 reports; meanwhile, 275 users reported disruptions in Google. A total of 87 reports were filed on Yandex, while MTS cell phone carrier had 74 registered disruptions. Most Youtube users (46%) could not load the website, while 43% complained on video content malfunctions; 9%… Source link

Google said a ‘significant subset of users’ of its email service were inconvenienced Tuesday. Photo: Gareth Fuller/PA Wire/Zuma Press … Source link