Tag Archives: raises

(Bloomberg) — A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares. The Port of Los Angeles, which saw its volumes dip because of a June Covid outbreak at the Yantian port in China, is bracing for another potential decline because of the latest shutdown at the Ningbo-Zhoushan port in China, a spokesman said. Anton Posner, chief… Source link

Goldman Sachs is getting more bullish on stocks. The Wall Street firm on Thursday upgraded its year-end price target for the S&P 500 (^GSPC) to 4,700, up from the 4,300 seen previously. That new target would represent an upside of nearly 7% from closing prices on Wednesday, and add to what has already been a more than 17% year-to-date gain for the blue-chip index. Goldman also expects the S&P 500 to close out 2022 at 4,900, raising this from a previous target of 4,600. A combination of… Source link

Pedestrians walk past a sign inviting people to apply for employment at a shop in Boston’s fashionable Newbury Street neighborhood, Monday, July 5, 2021. As the U.S. economy bounds back with unexpected speed from the pandemic recession and customer demand intensifies, high school-age kids are filling jobs that older workers can’t — or won’t. (AP Photo/Steven Senne) Help-wanted signs are up all over the country, and businesses say they can’t get enough workers. But there’s a missing… Source link

PepsiCo’s (PEP) second quarter earnings release is going down easy for investors.  The beverage and snacks giant — widely expected by analysts to have a strong quarter as economies globally re-open from the pandemic — blew away forecasts across the board. Total revenue rose 20.5% from a year ago, powered by strong double-digit sales gains in PepsiCo’s North America beverage, Latin America, EU and Africa businesses. Sales rose by 6% each in the Frito Lay North America and Asia Pacific… Source link

AEW wrestler Nyla Rose. (Photo Credit: AEW) As a public figure, Nyla Rose has learned how to drown out the noise on social media. Although the 38-year-old All Elite Wrestling star receives negative and hate-filled messages on the internet, those aren’t the ones that get to her. Instead, Rose focuses on the messages that let her know she’s doing her job — not just as a professional wrestler, but as a symbol for an entire community. “I love every bit of positive energy, but what means… Source link

Prices for burritos are up at Chipotle, and the stock price is likely to soon follow, says one Wall Street analyst. Raymond James analyst Brian Vaccaro upgraded his rating on the restaurant chain to Strong buy from Outperform on Monday. Vaccaro now sees fair value on Chipotle’s stock at $1,800. “We believe recently announced menu price increases (4% in recent weeks, more coming in the fall) create 1) significant upside to second half consensus comp expectations and 2) increased confidence in… Source link

The big takeaway from the past week in business news is that A) secretly released documents show that billionaires aren’t paying their fair share in taxes. (Gee, you think?) And meanwhile, B) hotels and restaurants and other businesses can’t find enough people to work as maids and dishwashers, etc. If that doesn’t get your “hmmm” juices flowing, I don’t know what will. Let me explain by first going through the A and B elements and then speak to how they’re connected.  The billionaire… Source link

MOSCOW (Reuters) – Russian state bank VTB is ready to consider increasing its stake in internet company Yandex should Yandex decide to raise funds on the market, Interfax quoted First Deputy Chief Executive Yuri Soloviev as saying on Friday. Reporting by Maxim Rodionov; Writing by Katya Golubkova; Editing by Mark Heinrich Source link

The latest decentralized finance (DeFi) protocol to get big backing from venture capitalists is Impossible Finance for a multi-chain incubator project. In an announcement on June 3, the DeFi protocol declared that it had secured $7 million from over 125 institutional and angel investors. The round was co-led by True Ventures, CMS Holdings, Alameda Research, and Hashed. The list of additional investors was extensive and included Sino Global Capital, IOSG, Divergence, GBV, Lemniscap, Primitive,… Source link

LONDON — Russia is increasingly pressuring Google, Twitter and Facebook to fall in line with Kremlin internet crackdown orders or risk restrictions inside the country, as more governments around the world challenge the companies’ principles on online freedom. Russia’s internet regulator, Roskomnadzor, recently ramped up its demands for the Silicon Valley companies to remove online content that it deems illegal or restore pro-Kremlin material that had been blocked. The warnings have come… Source link