Tag Archives: shipments

The pain in the PC industry is only getting worse, as sales continue to decline after explosive growth during the height of the pandemic. According to research firm Gartner, worldwide PC shipments declined a staggering 28.5% in the fourth quarter of 2022, the largest decline since the company began tracking shipments in the mid-1990s. That drop is especially stunning considering consumers tend to spend more on electronics like laptops and desktops during the holidays. “The anticipation of a… Source link

Hewlett Packard Enterprise CEO Antonio Neri wasted no time severing his business from Russia in light of the country’s invasion of Ukraine. The computing giant halted shipments to Russia 72 hours ago, Neri said on Yahoo Finance Live. “Obviously it is incredibly concerning this humanitarian situation and this what I call completely unacceptable set of events. We have to really think through this and put the humanity at the core and the business second,” Neri explained. To be sure, Neri — fresh… Source link

FedEx (FDX) is poised to report fiscal fourth-quarter earnings after market close on Thursday, with the shipping company’s results likely to get a boost from persistent strength in e-commerce and a pick-up in business and international shipping. Here are the main metrics expected from FedEx’s report, compared to consensus estimates compiled by Bloomberg: The Memphis, Tennessee-based company is expected to see sales grow by 24% over last year, or at the fastest rate since at least 2010, based… Source link

Fresh coronavirus outbreaks in Southern China are threatening to create new bottlenecks at America’s largest port again, even as the recovery in Western economies help to dramatically reduce its inventory. In an interview with Yahoo Finance Live, Port of Los Angeles Executive Director Gene Seroka said he expected to see “a little bit of a lull” with roughly a third of its cargo coming in from the Pearl River Delta in the Guangdong Province. “What we’re seeing is that 50% of normal… Source link

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

By Karen Freifeld and Alexandra Alper NEW YORK/WASHINGTON (Reuters) – The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told Reuters. The action – likely the last against Huawei Technologies under Republican President Donald Trump – is the latest in a long-running effort to… Source link