Tag Archives: Factiva Filter

Shortage does not eliminate big technology revenue—but | Instant News


The world’s largest technology companies effectively rely on chips to run.But their abilities provide them with some protection against Semiconductor production shortage At least for now, it is also plagued by other industries.

In the upcoming first quarter earnings report, how many protective measures will become obvious. Apple, Microsoft, Amazon.com, Facebook, and Google’s parent company Alphabet (Alphabet) are very different, but to some extent, they all sell their own devices with processors. , From smart phones to smart speakers to virtual reality headsets. They all run a huge network of giant data centers to provide cloud software, e-commerce and social networking services, as well as movies, TV shows and video games.

But the chip production is insufficient Troubled automotive and other industries The performance of large technology companies in the third quarter is not expected to change much. According to consensus estimates by FactSet, compared with the same period of the previous year, the revenue and operating income of the above five companies are expected to achieve strong double-digit growth. In fact, these five companies are expected to increase their revenue by an average of 29%-a feat considering that the group’s consolidated revenue may usually be slightly below $300 billion in the slowest quarter of each quarter.

The division’s operating income is expected to exceed revenue growth, indicating that analysts did not anticipate additional cost pressures that may be caused by factors such as component shortages. It is estimated that the operating income of the five major technology companies will increase by an average of 43% over the same period last year, reaching a total of approximately 61.5 billion US dollars.

How do large-scale technologies do this? The financial and operational influence of global technology giants usually puts them at the top of the list of chip and other key component manufacturers. Moreover, the prices of chips such as smart phones, personal computers and central processing units in data centers are much higher than the prices of many chips used in cars, which cost less than $1. As a result, chip manufacturers will give priority to the production of these high-end chips.

.



image source

The Tokyo Anti-Olympic Movement Asks: Why hasn’t the Games been Canceled? | Instant News


TOKYO – The final preparatory events for the Tokyo Summer Olympics have changed as local coronavirus cases have risen again. The Japanese public remains against the opening of the Olympics as planned in less than four months.

Anti-Olympic activist Misako Ichimura might be expected to be excited. But like the organizer of the Olympics, he felt pressured to make it happen.

“Activists in Paris who are against the upcoming summer Olympics have asked why we haven’t been able to stop the Olympics given the situation here,” he said.

This is an unusual scenario for the anti-Olympic movement. Olympics held outside authoritarian countries have almost always met with protests over issues such as cost, corruption, and their impact on local communities and the environment. The match is still in progress.

This time there is a chance that won’t happen. On Friday, Tokyo told restaurants to close early to try to stem the rise in infections. The Olympic torch relay was held this week in an empty park instead of a public street in Japan’s third-largest city, Osaka, as infections in and around the city reached the highest levels seen at any point during the pandemic.

.



image source

Pakistan Religious Purity Test – WSJ | Instant News


When the Guggenheim Foundation announced its fellowship winners for 2021 last week, a name caught my eye. That’s Atif Rehman Mian, a Pakistani-American economics professor at Princeton.

Mr Mian, 45, has been in the spotlight before. In 2014, the International Monetary Fund named him one of 25 young economists “shaping the way we think about the global economy”. Then things got turbulent for this self-described “nerdy academic”. Imran Khan was elected prime minister of Pakistan in August 2018 and invited Mian to join his government’s Economic Advisory Council. The professor agreed.

“I like the economy,” said Mr. Mian to me. “This is a study of what is in our collective good. In essence, it’s about human well-being. “When Pakistan” asks for advice, “he is” naturally very happy to serve “the people of his homeland, whom he left at 18 on a full scholarship to the Massachusetts Institute of Technology.

“It didn’t work, because of the religious discrimination I faced.”

Within days of Tuan Khan’s invitation, Mr Mian had resigned from the council. Mr Mian is an Ahmadi, from the Muslim sect called Ahmadiyya, which was founded as an Islamic revival movement in British India in the late 19th century. Pakistan currently officially considers the Ahmadiyya heretical. Zulfikar Ali Bhutto, a formerly liberal-looking prime minister, oversaw Pakistan’s 1974 constitutional amendment that classified Ahmadis as non-Muslim – not an enviable status in an Islamic state. Zia-ul-Haq, the military dictator who executed Bhutto in 1979, made Ahmadis a crime even calling themselves Muslims.

Tuan Khan did not seem to have realized that Mr Mian was an Ahmadi when he appointed him to his council. Sunni religious extremists waste no time in bringing this fact to their attention. Bad protests ensued, berating the prime minister for his decision to support a heretic who was reviled for public office. Mr Khan surrenders to the masses. “Anti-Ahmadi prejudice is one way Pakistan’s hardline religious groups are mobilizing support,” Husain Haqqani, Pakistan’s former ambassador to the US, said in an email to me. “Islamist extremists attack all minorities, but Ahmadis are treated worse than others for insisting they are Muslim.”

.



image source

Amazon launches a new food brand, Aplenty | Instant News


Amazon.com Inc.
AMZN,
+ 0.21%

Monday said it had launched a new privately labeled food brand, Aplenty, which would include snacks such as pita chips, crackers and mini cakes, as well as seasonings, frozen foods and kitchen staples.

Amazon’s newest label comes after a pandemic year in which consumers cook and snack more at home.

Overall, online grocery sales also jumped 52% in 2020, according to the JLL’s Grocery Tracker 2021 report. JLL provides market research, retail business insights, and retail property management services.

“It’s unlikely that people will abandon online shopping even when vaccines are widespread – with increased efficiency and costs, many customers are already doing it
added convenience to their weekly routine, ”said the report.

See: Smoothies and salads: Kroger says these 4 items account for 28% of his production sales

However, the report said that the widespread COVID-19 vaccination would drive increased eating in restaurants and could impact the grocery business.

But home food will always lead to sales, and grocery retailers are working to continue to drive demand, with private labeling a key part of that strategy.

Kroger Co.
KR,
+ 0.50%

says his private label is a $ 26 billion business by 2020. The pilot for Home Chef’s fast food is coming soon.

Target Corp.
TGT,
-0.13%

also launched another food brand in April, Favorite Day, which focuses on snacking.

In its latest revenue, Target said it has 10 proprietary brands with $ 1 billion in sales.

Too: Aim to launch another food and beverage brand in April, Favorite Day

Read: ‘Plexiglass will be awake for a while’: Shoppers remain anxious about COVID but head back to the store

And Albertsons Cos. Inc.
ACI,
+ 2.49%

announced in late March that it had partnered with Google for a series of technologies that would make online grocery shopping easier and more convenient.

Amazon shares are up 3.3% for the year while on the S&P 500 index
SPX,
-0.02%

has gained 9.8% for the period.

.



image source

Amazon voting deals surge to expand union membership | Instant News


Workers refused to form a union in Amazon’s warehouse in Bessemer, Alabama, as a setback of organized labor’s efforts to reverse decades of declining private sector membership across the country.

This Alabama results According to data from Georgia State University, unions face the challenge of increasing membership in the US private sector. In the US private sector, the proportion of union representatives is only 6.3%, down from 24.2% in 1973.

Last year, although millions of jobs were laid off in the country during the pandemic, including 300,000 union positions, there has been an increase in hiring at Amazon, the second-largest private employer in the United States, and other e-commerce warehouses. For unions, the time seems ripe for organizing workers in an environment where the expanding sector and unions have traditionally been operating: a large blue-collar construction site where many employees are engaged in similar jobs.

Despite the effort, the effort failed President Biden’s endorsement,He says The goal of establishing more union work And update Many congressional Democrats support labor.

According to the Ministry of Labor, last year there were more union members working for the government than for private sector employers, indicating that the public sector is now a stronghold for organized labor. Teacher strikes and protests in 2018 and 2019 won salary increases and other concessions in Arizona, West Virginia, Los Angeles, and other states and cities. Recently, the educators union has affected the renewal of the pandemic in Chicago and other places. The plan to open the school.

.



image source