Category: Industry

3 Pernicious Industry Trends That Will Haunt Boeing Stock
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3 Pernicious Industry Trends That Will Haunt Boeing Stock

Boeing (NYSE: BA) stock has doubled since crashing to a four-year low in March. The aerospace and defense giant will be disproportionately hit by the problems facing airlines. Here are three industry trends that should spook Boeing shareholders. Boeing stock has come a long way since early March. After crashing to a four-year low beneath…

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Shipping Industry, the Lifeblood of Global Trade Anticipates 25% Drop
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Shipping Industry, the Lifeblood of Global Trade Anticipates 25% Drop

COPENHAGEN, Denmark (AP) – The world´s biggest shipping company, Denmark´s A.P. Moller-Maersk, said Wednesday that it expects its transport volumes to drop by up to 25% in the second quarter as the world economy slides toward recession. CEO Soeren Skou said that the group was “strongly positioned to weather the storm” but that the COVID-19…

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With the real estate industry facing headwinds, SoftBank-backed Compass lays off 15% of staff
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With the real estate industry facing headwinds, SoftBank-backed Compass lays off 15% of staff

Compass, the real-estate brokerage startup backed by roughly $1.6 billion in venture funding, has laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic, according to an internal email seen by TechCrunch. Citing economic fallout that has seen stock markets plummet…

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LA tech industry mourns Kobe Bryant
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LA tech industry mourns Kobe Bryant

The Los Angeles startup community is joining the rest of the world in mourning the death of NBA superstar, entrepreneur and investor Kobe Bryant who was killed in a helicopter crash in Calabasas, Calif., shortly before 10 a.m. on Sunday. Reports indicate that Bryant, his 13-year-old daughter Gianna Maria-Onore Bryant, and seven other passengers were…

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Farm Industry Back Democrats in Amnesty-for-Cheap-Labor Swap
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Farm Industry Back Democrats in Amnesty-for-Cheap-Labor Swap

Much of the agriculture sector applauded Democrats on the House judiciary committee who passed their joint amnesty-for-cheap-workers bargain in a party-line vote, 18 to 12. The legislation would aid the Democrat Party by delivering green cards to at least 500,000 illegal migrants — perhaps 1.25 million — so putting them on a path to the…

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