Author: iannouncethis.com
The fourth quarter was the biggest for sales in the history of the company and helped drive gross margin expansion. Source link
The global container business is in chaos. Surging consumer demand, covid outbreaks and a shortage of containers has led to higher volume for ocean carriers and congestion at ports. Maersk, the world’s largest container shipper, has seen record profits. The Danish shipping firm whose customers include Walmart and Nike announced May 2021 first-quarter revenue of $12.4 billion, a 30% increase from a year earlier. Maersk has a fleet of over 700 ships and handles one in every five containers shipped by sea. The company also owns terminals around the world and has a growing land-based logistics business. On average a…
LISTEN CLOSELY and you can hear the influencers wail. On March 13th America’s House of Representatives passed a bill barring app stores and internet providers from distributing “foreign-adversary-controlled applications”. The target is clear: TikTok, a hit short-video app to which 170m Americans are glued for an average of 56 minutes a day.TikTok’s position in America has long been precarious. Although the firm is based in Los Angeles and Singapore, it is a subsidiary of ByteDance, a Chinese tech outfit. That has fed bipartisan fears that the Chinese government could use it to spy on American citizens or shape public opinion.…
Ethereum (ETH) experienced a euphoric surge in interest as bullish sentiment enveloped the crypto sector. The recent approval of the Bitcoin ETF served as a catalyst, propelling Ethereum’s price to new heights. However, as the thrilling ride continues, concerns are emerging regarding the sustainability of this upward trajectory. Increased Demand For Put Options Fuels Market Correction Jitters Investors are flexing their risk management muscles as they flock towards put options, seeking to protect their gains from potential losses. The mounting demand for these safeguards indicates a shift in sentiment towards a more cautious and bearish outlook for Ethereum. With significant…
The value of mortgages that have fallen into arrears reached £20.3 billion in the fourth quarter of 2023, 50.3% higher than in 2022. Back in Q4 2022 that figure stood at £13.5 billion, outlining how times have gotten harder for mortgage holders. In that time the cost of lending has risen considerably, as the Bank of England increased the base rate from 2.25% in Q4 2022 to 5.25% in Q4 2023. Karen Noye, a mortgage expert at wealth manager Quilter, said: “This shows that the large increase in mortgage rates seen over the last couple of years is really starting to bite…
U.S. stocks were mostly higher Wednesday as investors shrugged off a somewhat hotter-than-expected February inflation report and digested gains in the previous session that propelled the S&P 500 to its 17th record high of the year. Source link
The world’s largest crypto currency exchange, Binance, has lost more than $1 billion dollars in the first 24 hours since its founder pleaded guilty to federal money laundering charges. Changpeng Zhao, one of the most influential figures in crypto, could also be facing jail time. The company has been hit by a record fine of more than $4 billion, and since the news broke many customers of Binance have been withdrawing their money from the exchange. The US Justice Department said Binance had helped users bypass sanctions across the world. Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit:…
Two years ago, pretty much everyone agreed that one of the great bubbles was bursting. An era of rock-bottom interest rates was coming to a close, shaking the foundations of just about every asset class. Share prices were plunging, government bonds were being hammered, crypto markets were in freefall. Wall Street’s prophets of doom were crowing with delight. The consensus of the previous decade—that inflation was dead and cheap money here to stay—looked as ludicrous as the groupthink of any previous financial mania. Thus the pendulum was about to swing: from exuberance to scepticism, risk-taking to cash-hoarding and greed to…
Options are a sophisticated trading instrument that allows traders to manage their risk or speculate on price movements. Options are gradually gaining popularity among cryptocurrency traders, as an increasing number of crypto traders is pursuing more complex strategies in their hunt for profits. In this article, we’ll be showcasing the 6 best crypto options trading platforms. We considered several key aspects of crypto options trading, including liquidity, fees, ease of use, supported cryptocurrencies and more. Key highlights: An option is a type of financial derivative that gives its holder the right to buy or sell an asset (for example BTC)…
Scottish landlords and tenants are at loggerheads over rent controls, a public consultation on the Scottish government’s New Deal for Tenants proposals have found. Nine in 10 landlords disagree with rent controls, thought the majority of tenants are in support. A number of landlords said they were in the process of selling up and departing from the private rental sector thanks to the policy. Scotland has capped rents since September 2022, preventing in-tenancy rent increases to 3% per year, thought this emergency legislation is set to expire on 1 April. After that time tenants can still apply to the government’s…