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July 1, 2022

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Another giant African snail sighting forces Florida county into quarantine

CBS News
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......

LVMH buys California wine giant Joseph Phelps as high-end drinks market soars

CNBC
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......

Gaming giant NetEase plunges nearly 7% after it delays release of Diablo Immortal in China

CNBC
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.”......

Cosmetics giant Revlon files for Chapter 11 bankruptcy protection

CNBC
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......

Netflix’s binge-release model is under new scrutiny as the streaming giant struggles

CNBC
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......

Warehouse giant Prologis, a major Amazon landlord, to buy rival Duke Realty in $26 billion deal

CNBC
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......

$40 billion payments giant Checkout.com starts accepting stablecoins in major crypto push

CNBC
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......

Chinese ride-hailing giant Didi surges 50% after report that regulators are ending probes

CNBC
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......

Shipping giant CMA CGM sees uncertain outlook as earnings surge again

Reuters
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......

Nasdaq 100 futures nudge higher after chip giant Nvidia delivers light guidance

CNBC
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......

Volkswagen chief says German car giant will overtake Tesla on electric vehicle sales by 2025

CNBC
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......

Computer chip giant ASML places big bets on a tiny future

Reuters
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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