Recent Posts

Nearly 1,000 Boeing plane orders lost or in doubt

Bloomberg Boeing is nearing 1,000 scrapped or impaired jetliner orders this year, failing to notch any sales in September, as the long 737 Max grounding and the coronavirus pandemic extended their toll. The reduction of 983 net plane orders this year has winnowed Boeing’s stockpile by 19%, according to data posted on the company’s website. Cancellations accounted for about a ...

Read More »

Walmart’s Black Friday plan caps customer capacity at 20%

Bloomberg Black Friday is known for massive crowds of shoppers elbowing one another aside to get a good deal. At Walmart Inc, that won’t be the case this year. The world’s biggest retailer will limit the number of customers inside its stores to just 20% of usual capacity as the threat of the coronavirus looms over this holiday shopping season. ...

Read More »

Instacart valuation jumps to $17.7b

Bloomberg Investors pushed the value of Instacart Inc to $17.7 billion in a new private funding round, more than doubling the valuation of the grocery-delivery startup since the start of the coronavirus pandemic. Valiant Peregrine Fund and Daniel Sundheim’s D1 Capital Partners, two existing investors in Instacart, led the round, the grocery startup said. Instacart plans to use the $200 ...

Read More »
Send this to a friend