Blue Apron has had a rough quarter — but in an interview with CNBC Thursday, the company’s CEO said he remains optimistic. The company’s stock slumped more than 11 percent mid-morning after the business posted mixed financial results. It’s another blow for the newly public company, which has languished below its $10 IPO price amid […]
Read moreYou will get chipped. It’s just a matter of time. In the aftermath of a Wisconsin firm embedding microchips in employees last week to ditch company badges and corporate logons, the Internet has entered into full-throated debate. Religious activists are so appalled, they’ve been penning nasty 1-star reviews of the company, Three Square Market, on […]
Read moreSnapchat parent Snap reports earnings Thursday, and for all the investor hype and media attention surrounding it, it’s important to note one thing: Snap is one of the most extremely over-analyzed stocks relative to its overall value. In fact, the social media company has more analysts covering it than it has billions of dollars in […]
Read moreHyperloop, the high speed transportation system envisioned by Elon Musk, could come to an Asian country in the next few years, according to the chief executive of a company working to bring Musk’s vision to life. Dirk Ahlborn, CEO of Hyperloop Transportation Technologies (HTT), sees a working hyperloop in the next three to four years. […]
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[unable to retrieve full-text content] National pride and joy THE headlong plunge of shares in Teva, a pharmaceutical giant—down by over 40% since August 2nd—is causing consternation beyond the firm’s shareholders and employees. The company was founded in Jerusalem in 1901, is the largest in Israel and is the country’s only multinational with its headquarters […]
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WHEN the Commonwealth Bank of Australia on August 9th reported its profit for the year to June—above forecasts and just shy of A$10bn ($7.9bn)—it faced questions about cashflows of another sort. Six days earlier the Australian Transaction Reports and Analysis Centre (AUSTRAC), a regulator charged with gathering financial intelligence to combat money-laundering and terrorism, had […]
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WHEN Heathrow airport opened, in 1946, the only retail facilities were a bar with chintz armchairs and a small newsagent’s. The first terminal was a tent, a far cry from the four halls, resembling vast shopping malls, at the London airport today. Retail spending per passenger is the highest of any airport. This summer’s consumer […]
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WHERE can you find a 7% interest rate on a sovereign dollar-bond? You would have to take a time-machine to the mid-1990s to find such a yield on a ten-year American Treasury. Alternatively, you could slip back a few days to August 2nd and bid for the $1bn of five-year bonds sold by the government […]
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IT IS not a number to tweet about. President Donald Trump plans to plough $1trn of spending into America’s crumbling infrastructure. And a dearth of capital is not a problem: investors are keen on such assets. But investment seems to be falling. Government infrastructure spending in the second quarter fell to 1.4% of GDP, the […]
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FOR football clubs, August is often the costliest month, when they make vast bids for each other’s players. This year has been particularly lavish. On August 3rd Paris Saint-Germain (PSG), a French team, signed Neymar da Silva Santos Júnior, a Brazilian forward, from Barcelona for €222m ($264m), more than double the previous record price for […]
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