Factbox: Fun facts from the U.S. SEC report on January’s GameStop saga
The U.S. securities regulator released its long-awaited post-mortem into January’s GameStop saga, in which retail traders banded together on social media and piled in to GameStop and other “meme” stocks in an attempt to punish hedge funds that had bet against the company, sending its shares soaring.
How green champion Sweden could end up exporting its carbon sins
When a Swedish court ordered the country’s biggest cement maker to stop mining limestone by its huge factory on the windswept island of Gotland to prevent pollution, ecologists cheered.
Marketmind: What could possibly go wrong?
Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.
Chips and ships: Philips cuts outlook as supply chain problems grow
Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify.
Malaysia’s AirAsia X proposes paying 0.5% of $8.1 bln debt
AirAsia X Bhd (AAX) (AIRX.KL) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen by Reuters shows.
Netflix’s ‘Squid Game’ estimated to be worth about $900 mln – Bloomberg News
“Squid Game,” Netflix Inc’s (NFLX.O) biggest original series launch, is estimated to be worth almost $900 million for the streaming giant, Bloomberg News reported late on Saturday, citing figures from an internal Netflix document.
Tesla develops its legal and public relations teams in China
Tesla Inc. (TSLA.O) is hiring managers for its legal and external relations teams in China, according to a job posting on the company’s WeChat account, as the electric vehicle maker faces public scrutiny in the country over safety and customer service complaints. U.S.-based Tesla, which is based in Shanghai and produces electric Model 3 sedans […]
Heating bills in the United States are expected to rise as energy prices rise!
According to the U.S. Energy Information Administration’s 2021 data, households can expect their heating bills to increase by up to 54% this winter compared to last. According to experts, this is due to the current state of supply and demand. Aside from supply and demand, experts predict a colder winter. Millions of households around the […]
Australia’s Westpac flags $950 mln profit hit, led by institutional banking
SYDNEY, Oct 12 (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) said on Tuesday it will take a one-off charge of $956 million against its second-half profit mainly due to a weaker earnings outlook at its institutional banking unit as well as remediation charges. The country’s second-largest lender by market capitalization said a protracted period of low rates, […]
New Eco-friendly Electric Vehicles Join Waste King’s Expanding Fleet
Waste King, the UK-based environmentally friendly waste collection and recycling services specialist, has started regenerating its vehicle fleet by investing in its first electrically powered trucks. In addition, it has added two ‘junk removal’ vehicles to its fleet, which is growing following continued increasing demand for its services.
