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July 1, 2022

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Another giant African snail sighting forces Florida county into quarantine

CBS News
by CBS News01
CBS News – For more and to sign up click here The reappearance of an invasive snail species forced state officials to enact a quarantine order last week for residents of Florida’s Pasco County, an area north of Tampa along the gulf coast.  Authorities took action after confirming that a notoriously destructive......
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LVMH buys California wine giant Joseph Phelps as high-end drinks market soars

CNBC
by CNBC049
CNBC – For more and to sign up click here LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. The deal delivers Moet one of the best-known California wine makers, famous for......
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Gaming giant NetEase plunges nearly 7% after it delays release of Diablo Immortal in China

CNBC
by CNBC050
CNBC – For more and to sign up click here The NetEase Games booth at the China Joy conference in Shanghai on July 30, 2021. Arjun Kharpal | CNBC On China’s Twitter-like service Weibo, the official account of Diablo Immortal is banned from posting for “violating relevant laws and regulation.”......
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Cosmetics giant Revlon files for Chapter 11 bankruptcy protection

CNBC
by CNBC030
CNBC – For more and to sign up click here Daniel Acker | Bloomberg | Getty Images Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $575......
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Netflix’s binge-release model is under new scrutiny as the streaming giant struggles

CNBC
by CNBC047
CNBC – For more and to sign up click here A scene from Netflix’s “Stranger Things”. Source: Netflix Could Netflix ditch its binge-release model? Stranger things have happened. The all-at-once release strategy for television shows is a bedrock of Netflix’s strategy. The first seven episodes of “Stranger Things,” which all......
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Warehouse giant Prologis, a major Amazon landlord, to buy rival Duke Realty in $26 billion deal

CNBC
by CNBC031
CNBC – For more and to sign up click here Signage outside a Prologis warehouse occupied by Kuehne + Nagel in Redlands, California, U.S., on Sunday, Nov. 7, 2021. Fallout from the global supply-chain crisis is clogging U.S. ports, pushing warehouses to capacity and forcing logistics managers to scramble for......
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$40 billion payments giant Checkout.com starts accepting stablecoins in major crypto push

CNBC
by CNBC040
CNBC – For more and to sign up click here The logo for payments start-up Checkout.com. Checkout.com AMSTERDAM — Online payments company Checkout.com says it will settle payments for its merchants round-the-clock using stablecoins, making it the last major financial services firm taking the plunge into crypto. The start-up, which......
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Chinese ride-hailing giant Didi surges 50% after report that regulators are ending probes

CNBC
by CNBC036
CNBC – For more and to sign up click here Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing giant Didi surged more than 50% in pre-market trade in the U.S. on Monday after the Wall Street Journal reported that regulators are concluding investigations into the company. The......
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Shipping giant CMA CGM sees uncertain outlook as earnings surge again

Reuters
by Reuters01
The logo of CMA-CGM shipping company is pictured on a container in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June 3 (Reuters) – CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite......
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Nasdaq 100 futures nudge higher after chip giant Nvidia delivers light guidance

CNBC
by CNBC032
CNBC – For more and to sign up click here Stock futures were mostly higher early Thursday morning as investors digested a disappointing update from Nvidia, an economic bellwether in the technology industry. Stock futures tied to the Dow Jones Industrial Average rose 85 points, or 0.27%. Those for the......
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Volkswagen chief says German car giant will overtake Tesla on electric vehicle sales by 2025

CNBC
by CNBC037
CNBC – For more and to sign up click here Diess said he expects Germany’s auto giant to create some momentum over the coming months. Jens Schlueter | Afp | Getty Images The chief executive of Volkswagen believes Europe’s biggest carmaker can overtake Tesla to become the world’s largest seller......
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Computer chip giant ASML places big bets on a tiny future

Reuters
by Reuters00
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......
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