Tag Archives: Major

In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong. David Trainer, the founder and CEO of research firm New Constructs, was focused on the fundamentals of the businesses behind the record valuations, and what he saw wasn’t promising. Trainer warned investors in 2021 that many high-flying tech stocks and IPOs at the time were trading at “tech bubble” levels. And even worse, some were… Source link

Last week, the CEO of real estate company Redfin, Glenn Kelman, announced the company was laying off 8% of its employees in an email, saying that demand for the company’s realtor services had fallen 17% below expectations in May. “We don’t have enough work for our agents and support staff, and fewer sales leaves us with less money for headquarters projects,” Kelman wrote in the email announcing the layoffs on June 14. The layoffs at Redfin and another real estate company, Compass, on… Source link

Ozzy Osbourne is “doing well” after undergoing major surgery, according to his family. In a statement posted to Twitter on Tuesday, Sharon Osbourne said her husband is recovering. “Our family would like to express so much gratitude for the overwhelming amount of love and support leading up to Ozzy’s surgery! Ozzy is doing well and on the road to recovery,” the message reads. On Monday, the 73-year-old Black Sabbath rocker had “a very major operation.” “It’s really going to determine the rest of… Source link

Leaders at mega companies like Netflix (NFLX) and Disney (DIS) can no longer “straddle” the fence on cultural and political issues. “All I’m going to say is thank goodness I’m not the CEO of a major media company today,” Marc Randolph, who served as Netflix’s first CEO from its inception in 1997 to 2003, told Yahoo Finance in a new interview. “We have a country that is becoming more and more polarized. There’s people on either side.” “In the past, it was very straightforward to either ignore… Source link

This post was originally published on Tker.co. There’s more evidence that the economic narrative could be undergoing a major shift. For months, we’ve been living in an economy in which strong demand has been met with lagging supply, causing inflation inflation to surge. We now appear to be shifting to a phase where demand growth is cooling and supply chains are easing, which should cause inflation to come down. According to Census Bureau data released Wednesday, orders for nondefense… Source link

The overarching narrative of the markets and economy has been one of strong demand meeting lagging supply, a dynamic that has caused inflation to surge. While most signs suggest these trends continue to persist, a handful of anecdotes from the past week suggest this narrative could be changing. Signs that inventories are no longer depleted Supply chain disruptions have been reflected by depressed inventory/sales ratios. In fact, many businesses have been complaining that sales would be stronger… Source link

Shaquille O’Neal, NBA Hall of Famer and “Inside the NBA” host, opened up about some painful details from his private life recently, discussing his three major regrets on an episode of “The Pivot Podcast” that was released on Tuesday. “Just because things you do make you seem like you’re perfect, you’re not perfect,” Shaq said. “Big mistake in the Penny [Hardaway] relationship. Big mistake in the Kobe [Bryant] relationship. Horrible mistake in both marriages. Other than that I don’t really… Source link

If you feel swept up in all the hype surrounding Ethereum’s impending upgrade, you aren’t alone. Google searches for “Ethereum merge” have seen an uptick over the past 12 months, recently hitting a peak. Along with all the interest, Ether’s price has seen a boost as well. It hit a two-and-a-half month high this morning when it neared $3,350. It’s currently trading at around $3,406, up 6% in the last 24 hours, and almost 19% in the last week. Why all the hype? Investors might be… Source link

We’ve known for months that Google has been working to make its Messaging app properly display emoji reactions sent by iPhone users. Now Google is making the feature available to all as part of a host of new and updated features for its Messages app that are rolling out over the coming weeks. The beta already gave us a pretty good idea of how Google Messages translates emoji reactions sent by iOS users, properly formatting them on Android instead of appearing as a confusing text… Source link

The list of companies around the world cutting business ties with Russia continues to grow. British luxury brand Burberry (BURBY) became the latest to jump on the bandwagon after announcing it would be temporarily shutting down its three stores in Russia, including one located in Moscow’s famous Red Square. Burberry isn’t the first luxury brand to make this move: On Friday, Hermes (HESAY) announced it would temporarily close its stores in the country, saying it is “deeply concerned by the… Source link