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Search resuls for: "overexpansion"


11 mentions found


☆ China calls for bolstering tech 'breakthroughs' and achieving the full-year growth target
  + stars: | 2024-07-19 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +2 min
China must "adapt to the new round of scientific and technological revolution and industrial transformation," an official English-language communique said. It also said China would "improve the new system for mobilizing resources nationwide to make key technological breakthroughs." The readout affirmed Beijing's commitment to balancing development with ensuring national security, and did not otherwise reveal policy changes. "I would highlight 'innovation and managed markets' as the top two keywords in the Third Plenum," Xu said. Regarding the latest plenary meeting, "we think any market-oriented reform will be measured and carried out insofar as it doesn't compromise national security," Xu said.
Persons: Hector Retamal, Liqian Ren, Tianchen Xu, Xu, Biden Organizations: AFP, Getty, BEIJING —, Communist Party's, Economist Intelligence Unit Locations: Beijing, China, WisdomTree, U.S
☆ China Evergrande Gets Reprieve in Talks With Foreign Investors
  + stars: | 2023-12-03 | by ( Alexandra Stevenson | Tiffany May | More About Alexandra Stevenson | ) www.nytimes.com   time to read: +1 min
Once China’s most prolific property developer, China Evergrande has narrowly averted liquidation. A Hong Kong bankruptcy judge on Monday gave Evergrande another two months to work out a deal with foreign investors who lost money when the company defaulted two years ago with hundreds of billions of dollars in debt. It was an unexpected development in a bankruptcy lawsuit filed 18 months ago by one investor trying to get paid by forcing the dismantling of Evergrande. It was one of the country’s most successful companies and at the heart of the real estate industry, which drove one third of the nation’s economic growth. But years of overexpansion left it financially precarious, and when it defaulted, it had more than $300 billion of overdue bills.
Persons: China Evergrande, Evergrande, Jan, Linda Chan, ”, Neil McDonald, Kirkland, “, overexpansion Organizations: Hong, Ellis Locations: China, Hong Kong
☆ Here’s our Annual Meeting update on 8 energy, industrials, materials stocks in our portfolio
  + stars: | 2023-03-03 | by ( Paulina Likos Kevin Stankiewicz | Paulina Likos | Kevin Stankiewicz | ) www.cnbc.com   time to read: +8 min
Here's an update on our energy, industrials and materials names in Jim Cramer's Charitable Trust, the portfolio we use at the CNBC Investing Club. In 2022, by contrast, the priority was its variable dividend, which changed quarter by quarter depending on its financial results. The industrial company is one of our more recently added holdings. He also mentioned that Halliburton's top boss, Jeff Miller, has expressed notable conviction that the company's stock price is too cheap. The alternative would be consolidating our holdings to two oil-and-gas producers, along with Halliburton as our third energy stock.
☆ Inside Amazon, there's chatter, and jokes, about Jeff Bezos coming back as CEO in the midst of massive layoffs and a plummeting stock price
  + stars: | 2023-01-06 | by ( Eugene Kim | Claire Atkinson | ) www.businessinsider.com   time to read: +6 min
Some Amazon employees are calling for Jeff Bezos to return as CEO. Some Amazon employees are calling for the return of founder Jeff Bezos as CEO in the midst of massive layoffs and a plunging stock price. "Apparently not even Andy is safe," one employee wrote, referring to Jassy who took over from Bezos as CEO in July 2021. "He should come…he is the best," another employee wrote, referring to Bezos. In the turkey-themed email, viewed by Insider, the CEO acknowledged challenges, thanked Amazon employees, and called for resilience and optimism.
☆ Amazon's retail business is scrounging for spare change ahead of a tough holiday sales season by asking sellers for lump sums of cash and limiting inventory
  + stars: | 2022-11-16 | by ( Katherine Long | ) www.businessinsider.com   time to read: +6 min
The company has also instituted inventory and restock limits on third-party sellers. Amazon's representative said the new restock limits were intended "to ensure a successful holiday season." "Restock limits are designed to create more capacity for sellers who are using space efficiently," the person added. Another seller said he estimated that in two weeks he wouldn't have any more inventory left in Amazon warehouses because of Amazon's inventory and restock limits. Amazon sellers have said they are feeling increasingly squeezed by the e-commerce giant's fee structures.
☆ What our Big Tech holdings signaled on expenses and hiring this earnings season
  + stars: | 2022-10-31 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +11 min
We want to see that happen with the Club's holdings, so we paid close attention to what management teams at our Big Tech stocks signaled on costs during this mixed earnings season. Head count grew by 22% on an annual basis, 6 percentage points of which was due to acquisitions that closed in the prior two quarters. "Our sequential head count growth from Q1 to Q2 will be minimal. ... We've added a lot of head count over the past 12 months, and we want to make sure we use those head count in the most productive way possible," Hood said this week. "We are holding some teams flat in terms of head count, shrinking others, and investing head count growth only in our highest priorities," Wehner said.
☆ The Rings of Pain: Amazon is looking where to cut costs. Here's how the company will decide who is put to the sword and who is spared.
  + stars: | 2022-10-28 | by ( Katherine Long | ) www.businessinsider.com   time to read: +3 min
Amazon is looking for areas to cut costs, CFO Brian Olsavsky said. Amazon is "looking for areas where we can save money," he said on a conference call Thursday. Which divisions get the ax will be based in part on their ability -- or lack thereof -- to contribute to Amazon's growth, Olsavsky told reporters. Amazon Web Services posted 27% revenue growth last quarter, its slowest growth rate since Amazon began breaking out the division in its financial statements. Amazon's advertising division also saw revenue growth moderate compared to a year ago, to 30% – but it outperformed advertising behemoths Google and Facebook.
☆ Amazon slashes yet another division in attempt to cut costs, one day after share price bloodbath
  + stars: | 2022-10-28 | by ( Katherine Long | Tom Dotan | ) www.businessinsider.com   time to read: +2 min
Amazon fired half of its Amp live radio division on Friday, notifying roughly 150 people they would need to take severance or find new jobs internally. Amazon is looking for ways to tighten its belt amid growing shipping costs and slackening consumer spending. The company reported weaker-than-expected sales and forecasts Thursday, causing its share price to tumble nearly 12%. Amazon fired roughly 150 people from its Amp live radio division Friday, one day after weaker-than-expected earnings caused its share price to plunge nearly 12%. The app allows users to broadcast their own live radio shows and has been courting content creators.
☆ Here's what to look for when the Club's 5 tech holdings report this week
  + stars: | 2022-10-24 | by ( Paulina Likos | ) www.cnbc.com   time to read: +12 min
The world's biggest tech companies will be put under the microscope this week when they report earnings for the quarter ended Sept. 30. Club holdings Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Apple (AAPL) and Amazon (AMZN) have all been bogged down by inflation, weaker consumer demand and a slowing global economy. Here's what to expect when all 5 tech holdings report. At the same time, Goldman analysts predicted Microsoft's enterprise cloud computing business, Azure, would remain competitive, with 38% year-over-year growth. Apple (AAPL) Apple is set to report fiscal fourth-quarter results on Thursday.
☆ Andy Jassy's Amazon is going shopping, spending billions on iRobot and One Medical. Here are the companies it could buy next.
  + stars: | 2022-08-10 | by ( Katherine Long | Eugene Kim | ) www.businessinsider.com   time to read: +2 min
Amazon is set to buy the robot-vacuum maker iRobot for $1.7 billion, the companies said Friday. And Amazon said last month it would buy the One Medical chain of physician offices for $3.9 billion. The purchases may mark the start of an Amazon buying spree as tech valuations plunge. Amazon hasn't "shown a historic proclivity to buy things," but the iRobot and One Medical deals show "there may be a few more coming," Shmulik added. Here are areas where Amazon could spend big:
☆ Earnings playbook: The investing game plan as Apple and Alphabet lead the busiest week of the season
  + stars: | 2022-07-24 | by ( Fred Imbert | ) www.cnbc.com   time to read: +20 min
Tuesday Coca-Cola is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Chipotle is scheduled to report earnings after the close, followed by a conference call at 4:30 p.m. Meta is set to report earnings after the close, followed by a conference call at 5 p.m. Thursday Amazon is set to report earnings after the bell, with management slated to hold a conference call at 5:30 p.m. Friday Procter & Gamble will report earnings before the bell, followed by a conference call at 9 a.m.
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