Rosenblatt offers its insight on three tech stocks ahead of their earnings results in May. Alteryx, Inc. will report Q1 results on May 3. Rosenblatt believes that the spending environment has continued to be positive in Q1 for enterprise Digital Transformation projects and low-code/no-code analytics automation platforms such as Alteryx Designer. Rosenblatt maintained a Buy and target…
Here’s How Rosenblatt Views Alteryx, Datadog, Dynatrace Ahead of Earnings
US Treasury’s Adeyemo Urges States, Local Governments to Use COVID Aid for Housing
WASHINGTON—Deputy U.S. Treasury Secretary Wally Adeyemo on Monday called on state, local and tribal governments to use more of their shares of a $350 billion COVID-19 relief fund to address a severe shortage of affordable housing. Adeyemo was pressing his case during a visit to Los Angeles to highlight California officials’ plans to use $7.4…
China COVID Hard Line Eats Into Everything From Teslas to Tacos
SHANGHAI—When Tesla’s Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand. But with the Shanghai lockdown grinding into its fourth week, and similar measures imposed in dozens of smaller…
Ukraine War, China Lockdowns Expected to Worsen Supply Chain Problems
May 4, 2022
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broken supply chainsBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyeconomyEuropeMarketsRussiaRussia-Ukraine WarWorld
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The Royal Bank of Canada (RBC) published a report on Monday that claims global supply chain issues are likely to worsen in upcoming months, as complications from China and Eastern Europe result in massive port congestion in key areas. The report found that a fifth of the global container ship fleet had been stuck in…
Former Tesla Engineer Aims to Build Next Generation Electric Battery Material Plant in the US by 2024
Sila Nanotechnologies, a battery startup founded in 2011 by a former Tesla engineer, announced on May 3 plans for a new plant based in the United States that will mass-produce material for low-cost next-generation batteries with a longer range and is not dependent on manufacturing in China. “In a commitment to ensure America retains global leadership…
Natural Gas Prices Reach Highest Levels in Nearly 14 Years
U.S. natural gas prices in early morning trading on May 3 surged to their highest levels since September 2008, as faltering domestic gas production and the Russian invasion of Ukraine continue to disrupt global energy markets. Natural gas prices have jumped more than 8 percent over the last two sessions, following a nearly 30 percent…
Australian Green Billionaire Confronts Energy Giant Over Demerger Plan
Australian tech billionaire and climate activist Mike Cannon-Brookes has clashed with AGL Energy’s board over its demerger plans after becoming the company’s largest shareholder. This clash comes just short of two months after Cannon-Brookes failed to take over Australia’s largest electricity generator in March to speed up the company’s decarbonisation process. The co-founder of the…
Bitcoiners Criticize House Democrats’ Letter to EPA
May 3, 2022
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bitcoinBusiness & EconomycongresscryptocurrencyDemocratseconomic policieseconomyFloridaInvestmentLocal NewsMarketsMiamiNorthern CaliforniaPoliticsPOWRegional-Local NewsUSWorld
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Jack Dorsey, Anthony Scaramucci, Michael Saylor, and other high-profile Bitcoiners have cosigned a letter to the Environmental Protection Agency (EPA) challenging House Democrats’ claims that their cryptocurrency threatens the environment. Peter St Onge, an economist with the Heritage Foundation, voiced agreement with the letter in an interview with The Epoch Times. “Bitcoin is orders of…
Elon Musk Says Will Try His Best to Retain Twitter Shareholders’ Stake in New Private Company
May 3, 2022
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Business & EconomyCompanieseconomyElon MuskMarketsMedia & Big TechprivateSocial MediaTechTwitterUSUS News
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Elon Musk’s offer to take Twitter Inc. private has stirred apprehensions all around. Twitter users are worried about whether they can operate on the platform without being abused and bullied for holding differing opinions, while shareholders are worried about whether they would be adequately compensated for the stake they hold in the company. What Happened Allaying some of…
US Stimulus Damage Done to the Economy
Commentary In the early spring of 2020, the United States began locking down citizens and businesses—such as restaurants, nightclubs, hairdressers, movies, and gyms—killing off entire sectors. As economic activity ground to a near halt, the government applied band-aid solutions in the form of economic stimulus that would temporarily and partially mitigate the negative impact on…
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