Month: March 2022
Oligarch Roman Abramovich’s $50 million Colorado mansion could become a sanctions target
A Rocky Mountain mansion owned by Russian oligarch Roman Abramovich would likely be among the first assets frozen by the U.S. government if he is sanctioned by the White House in response to the war in Ukraine, according to attorneys and real-estate executives. Among Abramovich’s many global real-estate trophies is a 14,000-square-foot modern mega-home on […]
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Big food automation is making its way to Main Street’s menu
The Tally 3.0 autonomous mobile robot scans inventory in a grocery store. Simbe Robotics Automation and robotics are typically associated with multi-million budgets at multi-billion dollar companies. But as the cost of technology has come down, it’s become more affordable to smaller companies — even small businesses. Outside of Atlanta in Jonesboro, Georgia, THAT […]
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‘Extremely awkward’: Bob Chapek and Bob Iger had a falling out, they rarely talk — and the rift looms over Disney’s future
Bob Iger, left, and Bob Chapek of Disney Charley Gallay | Getty Images; Patrick T. Fallon | Bloomberg | Getty Images April 12, 2020. That’s the day former Disney CEO Bob Iger’s relationship with his handpicked successor, current Disney CEO Bob Chapek, began to fall apart. Iger had stunned the world in February of that […]
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Wendy’s prepares to overtake Burger King in breakfast, two years after its nationwide launch
The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy’s restaurants on March 2, 2020 in New York City. David Dee Delgado | Getty Images Two years ago, Wendy’s launched its breakfast menu nationwide, finally crossing the finish line for a goal it tried and failed at for nearly four decades. […]
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Goodyear, called a stealth EV play, is investing to hold its competitive advantage
The auto industry’s shift to electrification could be a multiyear tailwind for Goodyear, the company’s CFO explained. Source
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These are Goldman’s least favorite stocks, including one it sees dropping nearly 50%
Goldman’s least favorite stock on the list in clean energy stock JinkoSolar, which is seeing falling 47% in the next 12 months. Source
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Ukraine’s Zelenskyy appeals to Russians; officials say Mariupol art school bombed
Art school in Mariupol bombed, says city council Russian bombs fell on an art school in the city of Mariupol where about 400 residents were in hiding, according to Mariupol’s city council. The council said the building was destroyed and “peaceful people are still under the rubble,” adding that there were women, children and the […]
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Saudi Aramco’s full-year profit more than doubles on soaring oil prices
An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion. Aramco’s 2021 net income increased by 124% to $110 billion in 2021, […]
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North Korea fires multiple-rocket launcher, South Korea says
People watch a television screen at a railway station in Seoul showing a news broadcast with file footage of North Korean leader Kim Jong Un, on January 20, 2022. North Korea fired what could be a ballistic missile, Japan’s coast guard said on Feb. 27, 2022. Jung Yeon-je | AFP | Getty Images North Korea […]
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Volkswagen recalls 246,000 Atlas SUVs due to issue with airbags, brakes
Volkswagen recalled 246,000 Atlas and Atlas Cross Sport SUVs in the U.S. and Canada because of a wiring issue that could cause problems with the airbags, windows and brakes of the cars. Damage to the wiring of the cars could result in airbags deploying “later than designed,” which could lead to injury of people in […]
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