Ant of Jack Ma said to direct $ 225 billion valuation in IPO
Target’s huge sales boom sets a record
The retailer said sales on Wednesday for at least one year grew 24.3% to $ 22.6 billion in May, June and July. That marked the strongest quarterly sales in Target’s history, sending the company’s profit up 80.3% to $ 1.7 billion last quarter. Digital sales, including delivery and pickup of …
Read More »California is making bold moves to tackle Big Tech with Uber and Lyft showdown
As California becomes one of the first states to take over Big Tech in the ongoing battle over the employment status of Uber and Lyft drivers, the scofflaw ride-hailing companies are now working their political contacts to prevent them from complying with a law that has been on the books …
Read More »Uber and Lyft win a reprieve, and will not stop California – for now
Uber and Lift will not destroy California drivers and riders at midnight after a state appeals court continues – for now – treating its drivers as self-employed, instead of employees. The court’s order halted a brief but fierce game of chicken between the companies and the state of California, which …
Read More »Iron prices hit multi-year highs on investment in China’s infrastructure
National Committee for Development and Reform announced that we are ready to launch futures for iron ore in Beijing, China. TPG | Getty Images Iron ore prices have risen this year after many years as the Chinese government promotes infrastructure cuts, and commodity prices themselves rise amid a global pandemic. …
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