Delta Plans A Vacation From GAAP Prison
Yesterday Delta delivered its fourth quarter earnings report confirming what everyone already knew: it lost an enormous sum of money in 2020. $12.4 billion, or $34 million per day. Looking ahead, CEO and apparent optimist Ed Bastion sees profitability on…
ETFs Are Headed Into Space
Richard Branson owes somebody a few beers. On Thursday morning, stock prices for Branson’s space business, Virgin Galactic Holdings, shot up 18%. His own stake increased by an estimated $300 million. But the rise had little to do with Virgin…
Axios Launches Its First Software Product
According to the WSJ, newsletter startup Axios is set to launch its first software product next month. The platform, called AxiosHQ, will help businesses draft internal newsletters in the “just-the-facts” style that Axios is known for. Just The Facts, Ma’am…
The Year Of The Penny Stock
Last week was one of the busiest weeks ever for trading volume, with 14.8 billion shares changing hands on U.S. exchanges. It ranked behind only three weeks in March 2020 and two in the darkest days of the 2008 financial…
Beetle Juice Is Coming To A Store Near You
Warning: this story might make you slightly antsy. The European Union’s top food watchdog has declared the yellow mealworm safe for human consumption, clearing the way for its arrival at the dinner table. Protein Power Depending on where you live,…
Trouble In Silicon Valley
Intel’s CEO Bob Swan has become a lame duck. Just days before Swan was expected to unveil Intel’s new manufacturing strategy and quarterly earnings, the semiconductor pioneer announced Swan will be replaced by VMWare CEO Pat Gelsinger. Et tu, Apple?…
Silver Lake Scrum for a Piece of Rugby’s Most Valuable Squad
Silicon Valley’s Silver Lake Partners is known for making huge sum investments in big name tech companies at the height of their powers. This week, they’re eyeing a $2 billion investment in broad shouldered men clobbering each other. Reports suggest…
CES Gadget Show Goes Digital
The Consumer Technology Association decided to give back to the techies this year by hosting its annual expo in their natural habitat – behind a computer screen. There will be no Google theme-park ride or wall-sized TV displays this time,…
New Platform, New Vices
If you’ve ever bet on a sports game, you’re likely aware having money on the line can spice-up the viewing experience. FuboTV knows it. Yesterday, FuboTV — the streaming service focused on live sports — announced a deal to acquire…
Food Costs Are Soaring
Gear up for even higher prices in the grocery aisle. The U.N.’s gauge of global food prices has ticked up 18% since May and reached its highest level since 2015 in December. This year, food prices are expected to climb…