News: Companies
In this section, we delve into the dynamic corporate world, bringing you the most recent updates from global companies. Our coverage spans a broad spectrum, encapsulating latest quarterly results, unveiling of new products, corporate amalgamations, and acquisitions. We also keep you informed on changes in analyst ratings, adjustments in price targets, submissions to regulatory bodies, and acquisition of new licenses, amidst a host of other significant business events.
The Key to Surviving Inflation is ‘Pricing Power.’ These Companies Have It in Spades
Finally, businesses may increase their profit margins by being more efficient and productive, or by taking advantage of economies of scale. This reduces the cost of items sold per unit produced while increasing profits without boosting pricing.
Morning Brief: From Gasoline, Gas, NFT to Alibaba: What is Happening in the World so Far
Last year, non-fungible tokens, or NFTs, grabbed the globe by storm as investors witnessed a revolutionary sort of digital asset — typically artwork — changing hands for hundreds of thousands, if not millions, of dollars.
Expert Opinion: China’s Revised Delisting Rule Boosts Alibaba and Other Stocks
The Public Company Accounting Oversight Board (PCAOB) stated last week in a statement that it is continuing to communicate with Chinese authorities, but that its request for full access to relevant audit documents, especially from businesses in sensitive areas, is non-negotiable.
Insider News: Apple Working To Bring More Financial Services In-House
A multi-year plan would centralize a wide variety of financial features, according to the sources, who requested anonymity because the plans are not public. This comprises payment processing, credit risk assessment, fraud analysis, and extra customer support responsibilities such as dispute resolution.
Insider News: Amazon Has Been Secretly Testing Its Drone-Delivery Program And Plans To Drop Packages From The Sky
However, according to industry sources, those objectives might yet alter since Prime Air has been extremely slow to start due to regulation obstacles, turnover rates, and safety risks. Because individuals feared punishment from Amazon, these employees wished to remain anonymous.
Insider News: Leaked Slack Messages Show Shopify Plans To Address Pay And Attrition Woes
Shopify workers were informed on Tuesday that Thawar would make a statement on payments soon, and the matter would be addressed in an upcoming town hall. An attempt to reach a Shopify spokesperson for comment on this development was unsuccessful.
Insider News: China’s E-Commerce Giant JD.Com Is Reportedly Laying Off At Least 400 Workers, Adding To Massive Layoffs Seen At Other Major Chinese Tech Firms Like Alibaba And Tencent
JD.com's announcement came after claims that Alibaba, another e-commerce behemoth, was also contemplating cutting off at least 15% of its workforce in 2022. This would result in the loss of almost 39,000 employment, Reuters said, referencing anonymous individuals.
Semiconductor Sales To Russia Banned, But That Shouldn’t Hurt Intel, AMD, And Other Chip Makers
Analysts, though, were not concerned, with Bernstein analyst Stacy Rasgon noting that Russia is a "de minimis direct customer of semiconductors by itself," citing a Semiconductor Industry Association report.