Best Buy Co Inc said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.
Britain on Saturday told people who were panic-buying and hoarding food due to the coronavirus outbreak to calm down, pointing to a video on social media showing an exhausted nurse driven to tears by finding shelves bare after her shift.
Last year, investors were prepared for a Procore IPO. Rumors surfaced in 2019 as the company prepared to go public. Investors expected the IPO to come towards the end of 2020.
But it’s here now. Recently, Procore filed with the U.S. Securities and Exchange Commission. And since Procore is an investment unicorn, a lot of investors are eager for the opportunity. Here’s what we know…
Procore IPO: The Business
Craig Courtemanche founded Procore Technologies in 2002. The California-based company provides construction management software. It gives access to project information, simplifies workflows, and allows collaboration among project stakeholders.
Construction is one of the oldest and …read more […]
LVMH , the world’s biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help France cope with the coronavirus outbreak.
We’re definitely into long term investing, but some companies are simply bad investments over any time frame. We don’t… …read more […]
German carmaker Volkswagen AG said on Saturday its factories will be closing for two weeks and in some regions three, amid growing concerns over the spread of the coronavirus.
(Bloomberg) — Out with the Tuscan kale and acai berries, in with the Spam and popcorn.In a stark reversal, American shoppers who were taking up healthier eating are gravitating back to old ways as they hunker down to weather the coronavirus pandemic. They are loading up on shelf-stable items from canned meat and soup to pretzels and Kraft Macaroni & Cheese as they comply with orders to stay home.The shift back from healthier fare toward traditional staples may boost the fortunes of packaged food companies, which have been struggling with lagging sales as consumers opted for fresher alternatives.General Mills Inc., …read more […]
Unfortunately for some shareholders, the Spirit AeroSystems Holdings (NYSE:SPR) share price has dived 71% in the last… …read more […]
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) investors will be delighted, with the company turning in some strong numbers… …read more […]
Wells Fargo & Co has asked the U.S. Federal Reserve to remove an asset cap introduced during its accounts scandal in order to allow it to support businesses and customers hit by the coronavirus economic fallout, the Financial Times reported.
The bank approached the Fed about a temporary or permanent lifting of the $1.95 trillion asset cap, which has curbed its growth and profitability since it was imposed in 2018, the FT said https://www.ft.com/content/af0c45a8-6afa-11ea-800d-da70cff6e4d3 on Saturday, citing people familiar with the matter. Removing the cap has been a priority for Chief Executive Charles Scharf and the issue has become acute as the Fed tries to encourage banks to extend credit to customers facing income shortfalls, FT said. …read more […]
Readers hoping to buy Medtronic plc (NYSE:MDT) for its dividend will need to make their move shortly, as the stock is… …read more […]
Tesla, Louis Vuitton and other companies are re-directing their resources for COVID-19 relief measures. …read more […]
Those following along with FedEx Corporation (NYSE:FDX) will no doubt be intrigued by the recent purchase of shares by… …read more […]
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