The Berlin-based group, which said in April its focus on expansion could mean a longer wait for profits, has invested in food and rapid deliveries of groceries and household items, which have spiked during the coronavirus crisis. "We continue to see solid performance across all business segments, with increasingly exciting developments in quick commerce," Chief Financial Officer Emmanuel Thomassin said in a statement. Delivery Hero also raised its 2021 forecast for gross merchandise volume (GMV) to a range of 33 to 35 billion from 31 to 34 billion euros, while it now expects a negative margin on adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of minus 2% compared to previously forecast negative 1.5% to 2.0%.
(Bloomberg) -- Lumber futures slid to the lowest in more than nine months after sawmills ramped up production and demand from builders stabilized.September futures in Chicago fell as much as 4.4% to $482.90 per thousand board feet, the lowest for a most-active contract since Oct. 30. Prices have dropped more than 70% from the record high reached just three months ago.The tumble marks a stark turnaround for the common building material after strong U.S. construction demand during the pandemic spu
If $1 million was once the consensus target for retirement savings in the U.S., that appears to be changing. A recent Schwab Retirement Plan Services survey found that 401(k) plan participants across the country now believe they must save $1.9 … Continue reading → The post 401(k) Plan Participants Say They Need to Save This Much to Retire appeared first on SmartAsset Blog.
Google employees based in the same office before the pandemic could see different changes in pay if they switch to working from home permanently, with long commuters hit harder, according to a company pay calculator seen by Reuters. Alphabet Inc's Google stands out in offering employees a calculator that allows them to see the effects of a move. "Our compensation packages have always been determined by location, and we always pay at the top of the local market based on where an employee works from," a Google spokesperson said, adding that pay will differ from city to city and state to state.
Amazon.com Inc backed electric vehicle (EV) company Rivian is in discussions to invest at least $5 billion in a new vehicle plant near Fort Worth, Texas, a city document showed. The Fort Worth offer is part of a larger bidding war by state and local officials, particularly in the southern United States, as newer players take on incumbents in a race to develop EVs. The plant would be located on a 2,000 acre site west of Fort Worth, the presentation by the city's economic development department showed.
DraftKings North America President Matt Kalish explains why now is the right time to launch DraftKings Marketplace.
Retirement requires an enormous amount of planning, affecting not only how much money to put aside for old age but how to spend and maintain it. Retirement Tip of the Week: When planning for retirement, especially if you plan to retire soon, make a list of expenses you expect to have — as well as any other variables that will affect your financial picture. Anything can happen in retirement, especially since for many of us this chapter of life could span decades.
A large survey shows the majority of workers support vaccine mandates and nearly 40% would even consider leaving their jobs if mandates were not put in place. Still, a larger share would quit if they faced an ultimatum.
(Bloomberg) -- China’s banking and insurance watchdog is stepping up scrutiny of the nation’s insurance technology platforms, widening a regulatory dragnet that has roiled global investors.The regulator has ordered companies and local agencies to curb improper marketing and pricing practices, and step up user privacy protection, according to a notice seen by Bloomberg News. It encouraged companies to address these issues voluntarily and said those that failed to comply would face “severe punishm
The decision in a landmark antitrust case could come by the end of the month, but that is far from the only antitrust concern bearing down on Apple Inc.
China's Central Commission for Discipline Inspection, its top anti-corruption agency, has criticised what it called a "disgusting" culture of business drinking following a sexual assault scandal at e-commerce giant Alibaba Group Holding Ltd. "In the incident, an unhealthy dynamic in a working environment, a disgusting drinking culture, a lack of transparency when reporting issues together exposed pervasive, deeply rooted unspoken rules," it said in a notice on its website. The piece calls on people to break "unspoken rules" such as coerced drinking.
Based on the highest price target issued by a Wall Street investment bank or analyst, the following five growth stocks are expected to return 110% to as much as 393% to shareholders. The first rapidly growing stock with abundant upside, at least according to investment firm D.A. Davidson, is cryptocurrency brokerage and ecosystem Coinbase Global (NASDAQ: COIN). If the lofty $650 price target set by D.A. Davidson comes to fruition, Coinbase would deliver gains of 152% to its shareholders, relative to where it closed this past weekend.
Prothena Corporation plc ( NASDAQ:PRTA ) shareholders will have a reason to smile today, with the analysts making...
DETROIT (Reuters) -Ford Motor Co's electric vehicle battery joint venture with South Korea's SK Innovation Co Ltd will extend beyond North America into Europe, a senior Ford executive said on Wednesday. In May, Ford announced the joint venture with SK to produce about 60 gigawatt-hours (GWh) annually in battery cells and array modules, starting in the middle of this decade, with the potential to expand.
NEW YORK (Reuters) -Global payments giant JPMorgan Chase & Co has launched a real-time payments option that it hopes will increase its edge in the financial industry's battle to handle more of the surging volumes of global digital payments. The new product, called request for pay, lets corporate clients send payment requests to the bank's roughly 57 million retail clients who use its app or website, cutting the cost and time it takes for those companies to get paid, said Cyrus Bhathawalla, the bank's global head of real-time payments. The digital payments product is one of a handful JPMorgan has in the works, as the largest U.S. bank invests heavily in the sector which has grown sharply as more commerce occurs online, a trend further boosted during the coronavirus lockdowns.
Warren Buffett, arguably the greatest investor of all time, has amassed a fortune exceeding $100 billion. The business he runs, Berkshire Hathaway, is one of the world's largest corporations today.
AppLovin Inc. shares rose in the extended session Wednesday after the company reported revenue above Wall Street estimates but held to its previous outlook as it said Apple Inc.'s crackdown on ad data had a "muted" effect on its business.
Salesforce is the latest tech giant to venture into video streaming with the launch of a new service aimed at business professionals called Salesforce+, the company's chief marketing officer Sarah Franklin tells Axios. Why it matters: The service is part of a greater effort to transition Salesforce's marketing approach from paid customer acquisition to owned and operated media.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeFranklin says the ho
While sales rise at The RealReal, Poshmark, and ThredUp, consistent profits remain harder to come by.
Europe’s drug regulator said on Wednesday it was looking into three new conditions to assess whether they may be possible side effects related to COVID-19 vaccines from Pfizer and Moderna following a small number of cases.
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