Amazon.com delivery trucks in Richmond, California, U.S., on Tuesday, Oct. 13, 2020.
David Paul Morris | Bloomberg | Getty Images
Amazon said on Monday it had opened three more logistics centers in Brazil to take advantage of the boost the Covid-19 pandemic has given to e-commerce in South America’s largest economy.
The new units are already operating in the states of Minas Gerais and Rio Grande do Sul and the capital city of Brasilia.
They increase the number of Amazon logistics centers in Brazil to eight, expanding its reach to all corners of the vast country.
The expansion, which adds 75,000 square meters (807,000 square feet) of distribution space, is Amazon’s biggest since it began operating in Brazil in 2012. It will create 1,500 direct jobs, the company said in a statement.
Alex Szapiro, Amazon’s chief executive in Brazil, said the new centers will allow the company to immediately raise
Telepresence robots are experiencing a boom in demand during the pandemic, several robotics companies reported, not just from businesses and hospitals but for classrooms, too.
Users can drive the robot around the room, control its “neck” to look up and down the room, flash lights to speak up, and zoom to read small text from afar — tools perfect for hands-on teaching and learning.
Florida mother Maggie Vo said her four-year-old daughter’s Ohmni robot has helped keep her engaged, while Temple University professor Amy Caples has been able to keep her media performance class running smoothly while taking care of her 98-year-old mother.
Though the robots can be pricey, many companies are planning on offering leasing options and building cost-efficient options.
The next generation of telepresence robots will have more autonomous features, including extra motion sensors, passenger mode, and arms to turn light switches on and off.
The US Presidential election is over – although the vote counting is not. On the trading day following November 3, Apple surged 4%. This was the stock’s fourth best day since May.
Why did shares perform so well, as the results of the election remain highly uncertain? Also, could the stock continue to climb, possibly towards its all-time high of around $135 per share?
It was probably not about policy at first…
I wrote a couple of days ago about how Apple shares, contrary to my initial suspicion, tend to underperform in the month and year following a US Presidential election.
To be fair, I also explained that the lack of traction may have much more to do with coincidence than politics (see video above). In either case, judging by historical trends alone, November 4 was an atypical day for Apple.
I suspect that the market’s knee-jerk reaction to bid
Uber Technologies shares surged higher Wednesday, as did its ride-sharing rival Lyft Inc. , as early indications from a ballot initiative in California suggest the two companies can continue to treat their drivers as independent contractors.
California voters look to have passed Proposition 22, the most expensive ballot initiative in the state’s history, by a 58% to 42% margin Wednesday, enabling Uber, Lyft and other so-called ‘gig economy’ companies to allow drivers and delivery workers to set their own hours. Passing Proposition 22 will override a 2019 law that classified the drivers as employees of the San Francisco companies.
The win also relieves the burden of offering healthcare, unemployment insurance and minimum wage salaries from gig economy companies, who had argued such cost would lead to job cuts and price increases.
The shares of Nio Inc (NYSE:NIO) are up 4.7% to trade at $34.88 at last check, and earlier hit an all-time high of $35.28. And while the Tesla (TSLA) competitor is already enjoying an astounding 1,936.8% lead year-over-year lead — with support from the 40-day moving average for the past several months — a historic bullish signal now flashing suggests even more upside may be in store for NIO in the coming weeks.
More specifically, the stock’s recent peak comes amid historically low implied volatility (IV), which has been a bullish combination for the equity in the past. According to data from Schaeffer’s Senior Quantitative Analyst Rocky White, there have only been two other times in the past five years when the stock was trading within 2% of a 52-week high, while its Schaeffer’s Volatility Index (SVI) sat in the 20th percentile of its annual range or lower — as
(Reuters) – PayPal Holdings Inc beat Wall Street estimates for quarterly revenue and profit on Monday, boosted by a surge in digital payments as COVID-19 lockdowns worldwide drove more businesses online, but it forecast current-quarter profit below expectations.
Shares of the digital payments processor fell more than 6% in extended trade.
For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts’ estimated growth of about 24%, according to IBES data from Refinitiv.
PayPal Chief Executive Dan Schulman said in a call with analysts that the company was giving a more prudent estimate for the fourth quarter in part because of uncertainty due to the pandemic and its impact on the global
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The following is a preview of the Holiday Shopping 2020 Report.
Retailers are bracing for a softer holiday season due to the pandemic. They will see, however, a major shift to ecommerce this holiday season.
US holiday ecommerce sales will surge over 35% this year.
US consumers will spend $190.47 billion this year on holiday ecommerce purchases, up 35.8% and representing an incremental $50 billion in sales versus 2019. In-store holiday sales will decline by 4.7% to $822.79 million. But online gains will entirely make up for these losses, resulting in growth of 0.9% for total holiday season sales, to $1.013 trillion. (Note: We define holiday season sales as those occurring in November and December.)
Bitcoin’s network to value transactions ratio (NVT) has reached an all-time high
$14,000 represents a key resistance that Bitcoin also tried to break last year
Analysts said after $14,000 there’s very little resistance all the way to $20,000
If Bitcoin’s network value to transactions ratio (NVT) is to be taken to account, it appears the benchmark cryptocurrency has already achieved a new all-time high
Bitcoin has set a new record in terms of its network value to transactions ratio (NVT), which looks at the entire value of the Bitcoin network versus the value of transactions facilitated through it. A high NVT means the value of the network is higher than the value that is transmitted through it. This often happens when the network is experiencing high growth and when investors think they will have high returns when they put money into it.
NortonLifeLock stock (NASDAQ: NLOK) is down 18% since the beginning of this year, but at the current price of around $21 per share, we believe that NLOK stock has around 15% potential downside.
Why is that? Our belief stems from the fact that NLOK stock is still up more than 25% from the low seen in March. Further, after posting weak Q1 2021 numbers, and having sold off its enterprise security business, it’s clear that NLOK did not benefit as much from the pandemic, as other internet security companies. Our dashboard What Factors Drove 10% Change In NortonLifeLock Stock Between 2018 And Now? provides the key numbers behind our thinking, and we explain more below.
NLOK stock’s rise since late 2018 came despite a 3% drop in revenues, which translated into a 3% drop in revenue per share, as the outstanding share count was roughly unchanged.