Tag: Startup

Share to FacebookShare to TwitterShare to LinkedinTopline Amazon on Thursday fired more than six senior managers at its Staten Island JFK8 warehouse, the New York Times reported on Friday, a month after the fulfillment center voted to unionize in what marked the first major victory for the company’s labor movement. Christian Smalls, president of the…

Share to FacebookShare to TwitterShare to Linkedin Tesla chief Elon Musk. AFP via Getty Images Good news for Musk’s Twitter bid has not translated into good news for Musk’s Tesla stock. It should have been a day of celebration for Tesla and SpaceX chief Elon Musk, after he announced $7.1 billion in equity commitments toward…

Is Silicon Valley in a recession? The question became more pointed  this May 5 in the financial markets. After the Federal Reserve indicated on May 4 that it was entering a phase of aggressive monetary rate hikes to curb inflation, investors’ eyes turned to most of the so-called growth assets, in other words tech. The…

In recent years, big tech names like Apple  (AAPL) – Get Apple Inc. Report, Meta Platforms  (FB) – Get Meta Platforms Inc. Class A Report and Amazon  (AMZN) – Get Amazon.com, Inc. Report seemed almost immune from Wall Street downswings. In fact, for most of 2021 their strong performance masked otherwise dismal showings in many other companies’s…

In a surprise move, a majority of Amazon ( (AMZN) – Get Amazon.com, Inc. Report) employees at the behemoth’s Staten Island warehouse voted against joining the union. The win for the online retailer came after another Staten Island fulfillment center was the first to unionize and founded the Amazon Labor Union. The employees at the LDJ5…

Elon Musk is the new Oracle.  This title which is accompanied by the respect of both Wall Street and Main Street was previously attributed to the legendary investor Warren Buffett, 91, who is called the Oracle of Omaha. Buffett has inspired respect, admiration, and devotion to the point where the shareholder meeting of his conglomerate Berkshire Hathaway …

Share to FacebookShare to TwitterShare to LinkedinTopline Germany could end its reliance on Russian oil by the close of summer, the country’s Federal Ministry of Economics and Technology reportedly announced Sunday, stepping up its previous timeline by at least three months—barely three weeks after the European Union announced a ban on Russian coal imports. A…

Jeff Bezos is $20.5 billion more poor.  The second richest man in the world lost this huge sum in 24 hours. To be more precise, this big loss happened during the April 29 stock market session.  Do not worry, however, because the entrepreneur still has a net worth of $148 billion as of April 30,…

This is where the biggest battle in the race for electric vehicles (EVs) will undoubtedly be played: trucks/pickups.  This segment of electrification is certainly the one whose margins are not as high as in luxury electric sedans, but it is the one where sales volumes will be among the highest. And. sales volumes equal popularity.…

Share to FacebookShare to TwitterShare to LinkedinTopline Shares of Amazon collapsed Friday after the e-commerce monolith reported worse-than-expected earnings spurred by high inflation and lingering supply chain constraints, pushing the stock down more than 30% below its record high and extending a slate of massive losses among formerly high-flying technology firms. What goes up: Shares…