Russia and Ukraine produce the majority of the raw materials used in chip manufacturing. Both neon gas, which is used to feed lasers that print circuitry onto silicon, and palladium, which is utilized in subsequent production stages, are abundant in the countries.
Go Deeper (2 min read)China's Slow Schism
According to a Western official and a US diplomat, the US has knowledge that China has expressed some interest in giving Russia with requested military and financial aid as part of its attack on Ukraine.
Go Deeper (3 min read)Google is paying $5.4 billion to acquire cybersecurity firm Mandiant Inc, a purchase that could have a "ripple effect" as cloud competitors Microsoft and Amazon ratchet up their attempts to secure the fast-growing industry.
Go Deeper (2 min read)Bed Bath & Beyond, The New GameStop?
In premarket trading Monday, Bed Bath & Beyond stock jumped more than 70% when GameStop Chairman Ryan Cohen revealed that his investment firm, RC Ventures, owned a roughly 10% position in the business.
Go Deeper (2 min read)Hermes, A Valuable Luxury Business
Hermès is a premium fashion house based in France that was founded in 1837. Leather products, lifestyle accessories, home furnishings, fragrances, jewellery, watches, and ready-to-wear are among its specialties. It has had a Duc carriage with horse as their emblem since the 1950s.
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Blackstone Sells Mileway For $ 24B
Mileway was formed by Blackstone in 2019 to store the portfolio of urban warehouses and dark kitchens owned by its European property funds in and near populated areas. Companies such as Amazon.com, Deliveroo and parcel delivery provider Deutsche Post rely on these so-called last-mile locations.
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Adyen: A Growth & Profits Story
Adyen, a Dutch payments processor, reported a 51% increase in core earnings in the second half of 2021, exceeding expectations and sending its stock price soaring.
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Peloton Has A New Leader
Peloton co-founder John Foley, who has overseen the firm for its entire 10-year history, is stepping down as CEO and will become executive chairman. Barry McCarthy, the former CFO of Spotify and Netflix, will take over as CEO and President of Peloton and join the board of directors.
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Constellation Software, A Tech Giant
Constellation Software is a software conglomerate based in Canada. The firm is based in Toronto, Canada. It is traded on the Toronto Stock Exchange and is a component of the S&P/TSX 60 index.
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Amazon Surprises, Meta Fades
Amazon's profit nearly doubled during the holiday season, thanks to better-than-expected labor and supply cost control, as well as advances in its cloud computing and advertising divisions.
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Labour Market Heals
According to Labor Department figures released Tuesday, job postings totaled roughly 11 million in December all while the Great Resignation slowed.
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