Tag Archives: Long

With a number of cargo containers bottlenecked at California’s ports, another problem has ensnared the companies trying to ship goods, and the customers and shops waiting for those supplies. Theft. The worsening supply chain crisis are making stolen shipments an increasingly common problem that’s affecting shoppers, already facing long delays and soaring prices. Cargo that finally makes its way out of backlogged ports on the West Coast is being aggressively targeted by criminals eyeing… Source link

The Clippers reached the Western Conference finals for the first time in franchise history last season. If they want to make it back to that playoff round again, they will have to collectively replace the production of their best player. Kawhi Leonard will be sidelined indefinitely after undergoing surgery in July to repair a partial tear of the ACL in his right knee. Leonard may be able to rejoin the rotation at some point during the 2021-22 season, but Paul George and Co. will be… Source link

With shipping delays mounting and cargo piling up at Los Angeles County ports, local officials are tightening the rules on , part of an effort to ease congestion of freighter ships anchored along Southern California’s coast. Beginning Nov. 1, carriers will be charged $100 per container, with the fee increasing $100 per container per day — but the fee will not be assessed until Nov. 15. Collected fees will be reinvested by the ports in programs to increase efficiency and address congestion,… Source link

Don’t expect the semiconductor shortage to be solved anytime soon. “The semiconductor situation is going to take a long time to fix,” Secretary of Commerce Gina Raimondo said at the Milken Institute Global Conference this week. “This is one I feel confident saying it’s not going to be fixed in a month or two, or six, or 12 months.” Raimondo has been at the center of the government’s efforts to help semiconductor companies work through their bottlenecks, hosting multiple gatherings… Source link

Netflix’s (NFLX) Q3 subscriber growth estimates topped expectations following a slow start to the year — but there could be still be trouble looming for the streaming platform as controversies flare.  Net subscriber additions totaled 4.38 million versus the 3.72 million expected. This represented a significant rebound from the second quarter, when just 1.5 million new paying users joined the streaming service. A particularly strong content slate helped fuel subscriber momentum, but not even… Source link

The trial of Theranos CEO Elizabeth Holmes officially begins next week — and there’s more at stake than the fate of a disgraced biotech entrepreneur, and a company that’s now become synonymous with fraud. Indeed, there’s at least some element of Silicon Valley that’s also being put on trial, and at least a few entrepreneurs believe the fallout could outlast the trial headlines, particularly for female startup founders. The tech sector’s mantra of “move fast and break things,”… Source link

Billionaire bond investor Jeffrey Gundlach, founder and CEO of $137 billion DoubleLine Capital, says as long as the Federal Reserve’s stimulus continues, “The stock market can stay in very overvalued territory.” Speaking to Yahoo Finance Live on Monday, Gundlach, known as the “Bond King,” said that while U.S. stocks are overvalued they look cheap compared to bonds. “[As] overvalued as stocks are relative to historical measures — like the price-to-earnings ratio, or Dr. Shiller’s CAPE ratio,… Source link

Move over, plant-based meat — the movement now has its eyes on creatures of the sea. One such company is Gathered Foods, which on July 19th came to market with plant-based seafood — including a fish-free filet and crab-free cake — as interest in alternative foods gathers steam.  The two offerings developed by subsidiary Good Catch are available at fast food chain Long John Silver’s for a limited time, in locations across California and Georgia. Meanwhile, the company also has a Source link

The stock market is entering the danger zone, according to one often overlooked measure of equities valuation.  At its current level of 38 times, the Shiller P/E Ratio is nearing the peak (44 times) seen at the height just before the dot-com bust in 2000, write strategists at SunDial Capital Research. Created by noted Yale professor Robert Shiller, the ratio is seen as better than the traditional P/E ratio as it adjusts for inflation. Historically, a Shiller PE ratio sustained over 25 times… Source link

Federal Reserve Chairman Jerome Powell said that the U.S. economic recovery still needs support, despite messaging from the central bank last week that it could pare back its easy money policies sooner than expected. “We have a long way to go,” Powell told the House Select Subcommittee on the Coronavirus Crisis on Tuesday. The Fed chief committed the central bank to doing “everything we can to support the economy for as long as it takes.” Powell highlighted that the labor market is… Source link