Better grab those Oreos while you still can, and while they’re still relatively cheap. With global supply chains ensnared by bottlenecks, Mondelez International (MDLZ) expects next year to be nearly as bad as the current one. The snack giant’s CFO addressed the labor and truck shortages mentioned in Mondelez’s third-quarter earnings results — and came around to a dispiriting conclusion. Although some economists had predicted shipping bottleneck relief could arrive by year’s end, “quite… Source link
Read More »Grocers grapple with supply chain, labor woes as shelves empty out ahead of holidays
Can’t find what you need at the store again? You’re not alone. Shoppers pushing their carts around the supermarket may notice thin shelves while reaching for their favorite products, as the increasingly hits home for consumers already stung by higher prices on virtually everything. Bare store shelves were common at the start of the pandemic, driven largely by panic-buying. But almost two years in, some spaces are empty again — but for slightly different reasons. As the holiday season… Source link
Read More »Google’s business booms even as antitrust woes escalate
Business is good for Mountain View, California-based Google. Stephen Shankland/CNET Google’s battle with antitrust… Source link
Read More »Archegos-Linked Stocks Whipsaw With Block-Trade Woes Persisting
(Bloomberg) — The group of stocks at the center of a $20-billion block trades selling spree last week were under pressure on Monday as investors worried there could be more fallout from forced offerings. ViacomCBS Inc. fell as much as 4.3% in New York trading after a $2.1 billion block trade was said to price at the top of its range, while Discovery Inc. gained 2.4%. The American depositary receipts of Chinese companies Tencent Music Entertainment Group, Baidu Inc. and GSX Techedu Inc. were… Source link
Read More »Texas Attorney General’s Legal Woes Potentially Hinder Google Case
AUSTIN, Texas—Eight high-ranking employees of the Texas attorney general’s office reached out to law-enforcement authorities in September with a bold accusation, according to a lawsuit filed earlier this month. They claimed that their boss, Republican Attorney General Ken Paxton, had illegally used his office to interfere with an FBI investigation into a campaign donor. In the weeks after the employees notified the attorney general’s office of their claims, all eight were… Source link
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