Nick Martin, co-founder and CEO of Joe Coffee, is so concerned about the state of the economy that he’s looking for ways his company can save money. One main area for cuts: software.Martin started the Seattle-based company with his brother, Brenden, to help local coffee shops better compete with Starbucks, by making it easier for them to fulfill mobile orders, track analytics and automate their marketing.While their 8-year-old business has held pretty steady through the economic dip that started in 2022, Martin said he’s seeing evidence that people are now buying fewer lattes than they did a year ago. Any…
Author: usaeverydaylife
China’s slow post-Covid recovery could be a lasting headwind for its stock market.With the mainland’s two largest indexes — the Shanghai Composite and the Shenzhen Composite — each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country’s stock market performance.”Investors, particularly in mainland China … [are] looking for much, much stronger fiscal support from the government,” he told CNBC’s “ETF Edge” this week. “Thus far, we’ve been left waiting.”Ahern, whose firm runs the KraneShares CSI China Internet ETF (KWEB), added that Chinese households are still reluctant to spend at…
U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders’ week in Woodside, California, Nov. 15, 2023.Brendan Smialowski | Afp | Getty ImagesChina on Sunday said it “resolutely opposes” the U.S. decision to add multiple Chinese entities to its export control list in a bid to further curb Russia’s access to advanced U.S. technology required for its weapons.In a statement published on state media Xinhua, a spokesperson from China’s Ministry of Commerce called the move “a typical act of unilateral sanctions and long-arm jurisdiction.”The spokesperson also said the act “undermines the international…
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy’s value in an $11.7 billion sale to tech giant Hewlett Packard.Chris Ratcliffe | Bloomberg | Getty ImagesLONDON — British technology entrepreneur Mike Lynch was acquitted of fraud charges in June in a landmark trial over allegations made by Hewlett Packard that he had artificially inflated the value of his company when he sold it to the U.S. enterprise tech giant for $11.7 billion in 2011.Just two months after…
Botswana’s Letsile Tebogo, US’ Kenneth Bednarek and US’ Noah Lyles cross the finish line to finish first, second and third respectively in the men’s 200m final of the athletics event at the Paris 2024 Olympic Games at Stade de France in Saint-Denis, north of Paris, on August 8, 2024.Odd Andersen | AFP | Getty ImagesPARIS — Two days after Noah Lyles said he tested positive for Covid, the American sprinter finished third in the 200-meter final at the Paris Olympics, unable to chase down gold medalist Letsile Tebogo of Botswana. Lyles ran 19.70 for bronze, behind Tebogo’s 19.46, which earned the…
The company logo adorns the side of the BHP gobal headquarters in Melbourne on February 21, 2023. – The Australian multinational, a leading producer of metallurgical coal, iron ore, nickel, copper and potash, said net profit slumped 32 percent year-on-year to 6.46 billion US dollars in the six months to December 31. (Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)William West | Afp | Getty ImagesBHP CEO Mike Henry said he expects China’s property sector to rebound in the upcoming year on the back of favorable government policies.While acknowledging that the country’s property sector is…
The Snowflake Inc. logo, an American computing-based data cloud company that has a strong partnership with Salesforce, displayed on their stand during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain.Joan Cros | Nurphoto | Getty ImagesData cloud analytics firm Snowflake on Wednesday raised its forecast for full-year product revenue, as it attracts more clients to its cloud platform owing to advancements in artificial intelligence.However, shares of the firm fell more than 7% in extended trading. D.A. Davidson analyst Gil Luria attributed the drop to the company not pairing the rise in revenue projections with a rise in margin…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailEric Beyrich, Sound Income Strategies Co-CIO, joins ‘Fast Money’ to talk the retail sector and what to expect from next week’s earnings.05:28Fri, Aug 16 20245:59 PM EDT Source link
Like many workers, saving for retirement wasn’t a priority for Mark Zimmermann. The 72 year old thought he’d always run the family dairy farm in Wisconsin, but that didn’t go as planned.”I struggled farming, I had too many disasters and was never able to put any money away,” Zimmermann told CNBC, speaking from an office at his current employer.He’s now working in the manufacturing industry, maintaining equipment and setting up the sizing for customized metal parts. On his feet at the machines on the factory floor is physically demanding so Zimmermann works part-time.More from Year-End PlanningHere’s a look at more…
Growing up, Payton Martin’s family went on a lot of cruises and she became fascinated with them. The now 23-year-old Oklahoma native says back then she’d dreamed about working and living on one.”I always wondered about what the guests don’t see and what was going on behind closed doors,” Martin tells CNBC Make It.Fast forward to the summer of 2021, Martin was getting ready to go on yet another cruise with her family. This one had been rescheduled several times because of the COVID-19 pandemic. Martin’s experience on that trip made her realize that if she was ever going to…
