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Tesla warned that constraints in its supply chain would weigh on the electric carmaker’s results “through 2022” as it reported a record net profit of $2.3bn in the fourth quarter of 2021. The quarterly figures demonstrated that the electric vehicle pioneer led by Elon Musk had deftly navigated the supply chain congestion and chip shortages […]
A wobbly day of trading on Wall Street ended with most stock indexes managing slight gains, enough for the S&P 500 and Dow to score all-time highs. The S&P 500 rose 0.1% after having been down 0.2% in the early going. The Dow Jones industrial average rose 0.2% and the Nasdaq slipped 0.1%. All three […]
German insurers paid out record sums in 2021 after high losses incurred by natural disasters, an industry group announced on Monday. The cost of floods, storms and other disasters led to payouts of about €12.5 billion ($14.2 billion) for insured houses, household goods, businesses and motor vehicles, according to the German Insurance Association (GDV). The bulk of […]
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Filipe Pacheco, Julia Fioretti and Pei Li Article content (Bloomberg) — After a bumper year of stock listings, Asian companies may find it hard to repeat the success in 2022 given the prospect of rising interest rates and China’s tightening grip on Big Tech. […]
BOSTON, Dec. 14, 2021 /PRNewswire/ — 2021 saw the highest total deal value on record, reaching more than $5 trillion. Amid this exuberance, strategic M&A—including both corporate and add-on deals—is on track to reach its highest value in six years. However, the M&A market continues to grow increasingly complex. Deals from financial investors, SPACs and […]
Visa, the world’s second-largest card payment company, recently issued a compliance memo to customers warning them that miscoding point-of-sale transactions through the use of so-called cashless ATMs—a practice used by some cannabis retailers as a workaround to accept credit or debit cards for purchases—could lead to penalties or other unspecified enforcement action. The warning comes […]
The American Land Title Association saw a 32.5% year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis, published on Thursday. During Q3 2021, the title insurance industry generated $6.8 billion in title insurance premium, marking the industry’s best quarter on record. Every state besides Oregon, […]