Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday. “We believe Bitcoin is going to have a profound impact on financial services, particularly as a tool for economic empowerment and … Read more
How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its … Read more
It’s a 13-F season, and you’re not going to find many like Guy Spier’s Aquamarine Capital in the first quarter —- zero buys, zero sells. “Pathetic, isn’t it,” quips Spier in an interview. Spier says he feels less pressure to trade for trading sake after he stopped charging management fees. He also cites the possibly … Read more
“We already have enough food for our people but our farmers seem to have made arrangements to feed the world,” Modi said in April. “We are ready to send the relief from tomorrow itself.” The world’s second biggest producer of wheat after China was already walking the talk. In the 12 months to March, India … Read more
Photo: Hyundai Audi, Tesla, GM, Ford, Stellantis, and probably everyone else are having production issues, while Hyundai could be a sleeping EV giant. All that and more in The Morning Shift for May 16, 2022. 1st Gear: Hyundai Now, before anyone gets too upset, I’d like to recognize that Hyundai’s EVs and Tesla’s cars are, … Read more
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more
New York CNN Business – Pizza places have always been experts when it comes to delivery, flexing with remote drop-offs and robot delivery cars. But now they’re facing a problem: not enough drivers. In early March, Domino’s then-CEO Ritch Allison warned that a driver shortage would be a drag on business. “Delivery driver staffing may … Read more
Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers are returning after more than two years of the Covid-19 pandemic. The crisis … Read more
Jerusalem CNN – Israeli police say they will hold an investigation “into the events that ensued during the funeral” procession of Al Jazeera journalist Shireen Abu Akleh on Friday. “Unfortunately, during the course of the funeral, severe violent events unfolded on the part of those participating in that worsened the situation on the ground,” Israeli … Read more
New York CNN Business – The American economy is super weird right now. Pretty much anyone who wants a job can have one. The economy is so hot that prices are surging faster than at any point since the 1980s. The housing market is on fire. Consumers are spending like crazy. Yet we keep hearing … Read more
