Tag Archives: Surge

United Parcel Service Inc. is set Tuesday to announce an expansion of its 2019 deal with Alphabet Inc.’s Google Cloud as the logistics company rolls out new data initiatives. As part of the expansion, UPS will receive increased network, storage and compute capacity. It will continue using Google’s artificial-intelligence and machine-learning tools to analyze its incoming data, which is… Source link

United Parcel Service Inc. is set Tuesday to announce an expansion of its 2019 deal with Alphabet Inc.’s Google Cloud as the logistics company rolls out new data initiatives. As part of the expansion, UPS will receive increased network, storage and compute capacity. It will continue using Google’s artificial-intelligence and machine-learning tools to analyze its incoming data, which is… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 8, 2022 When an oil crunch turns foes into frenemies Since Vladimir Putin attacked Ukraine for the sin of refusing to exist as a Russian satrapy, fiery crude prices are stoking fears of a 1970’s style oil shock, and sending a chill down the market’s spine. The U.S. government is weighing slapping embargoes on Russia’s crude —… Source link

Sanctions on Russia will likely have a significant impact on the global economy, a recent ING (ING) report found. “By now, we all know that Europe gets nearly 40% of its natural gas and 25% of its oil from Russia (this differs across countries), and is likely to be walloped with spikes in heating and gas bills, which are already soaring,” ING Global Head of Macro Carsten Brzeski wrote in a report released earlier this week. “Given that Ukraine and Russia have also been labelled as the global… Source link

(Bloomberg) — Block Inc., the digital-payments firm run by Jack Dorsey, surged as much as 30% in late trading after it reported fourth-quarter revenue that topped projections and gave an unexpectedly positive outlook for 2022. Most Read from Bloomberg Fourth-quarter revenue was $4.08 billion, slightly topping the $4.01 billion average estimated by analysts. Block, formerly known as Square, also said its Cash App’s gross profit will be stronger in the second half of the year because of… Source link

(Bloomberg) — Block Inc., the digital-payments firm run by Jack Dorsey, surged as much as 30% in late trading after it reported fourth-quarter revenue that topped projections and gave an unexpectedly positive outlook for 2022. Most Read from Bloomberg Fourth-quarter revenue was $4.08 billion, slightly topping the $4.01 billion average estimated by analysts. Block, formerly known as Square, also said its Cash App’s gross profit will be stronger in the second half of the year because of… Source link

Chipotle (CMG) on Tuesday posted fourth-quarter earnings report that mostly beat market expectations, with growth driven by a digital boom accounting for nearly 42% of sales, sending its stock on a tear in after-hours trading. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Shares of Chipotle, which were down nearly 3 percent compared to a year ago, spiked by over 7% in post-market trading after the… Source link

Shares in Alphabet soared nearly 8 per cent on Wednesday, pushing the company’s market cap back towards $2tn after an unexpectedly strong surge in search advertising revenue raised Wall Street’s hopes that its momentum would continue as the coronavirus pandemic recedes. The Google parent had announced its earnings on Tuesday alongside a rare 20-for-1 stock split, only the second time it has split its shares since going public in 2004, adding to the stock market enthusiasm that… Source link

(Bloomberg) — Most stocks fell Tuesday amid a jump in global bond yields as investors girded for the removal of central bank support to quell high inflation. Most Read from Bloomberg Europe’s Stoxx 600 Index declined, with energy the only sector to advance. U.S. equity futures slipped before the market reopens later from a holiday. Asian shares struggled. Treasuries dropped across the curve, pushing two-year and 10-year yields up to levels last seen before the pandemic roiled markets. Even… Source link

Victoria’s Secret stock (VSCO) is poised to look much sexier over the next 12 months, says closely followed JPMorgan retail analyst Matt Boss.  Boss reiterated his Overweight (buy equivalent) rating and $100 price target on Victoria’s Secret on Wednesday after a host of positive news from the intimate apparel retailer sent its stock higher by 11% to $53.  First, the company revealed a new $250 million stock buyback plan. The plan is the first buyback for Victoria’s Secret since being… Source link