Long story short For nearly 20 years Walmart, the world’s largest retailer, has struggled to pull its online act together while rival Amazon.com seized nearly half of the U.S. online shopping market and snared a big presence abroad. But now the company’s multibillion-dollar investment campaign seems to be paying off in the form of online…
Category: Daily News
Ep 53: Beyond Meat’s vegan burger is heading to HelloFresh meal kits
What’s going on here? Beyond Meat has landed another partnership. HelloFresh will start offering the Beyond Burger in its U.S. meal kits. The vegan burger has been on the Berlin-based company’s menus in Canada. What does that mean? Its U.S.-based competitor Blue Apron announced last month its own partnership with Beyond Meat, sending its shares surging. In June, Blue Apron…
Ep 52: Huawei unveils its rival to Android: Harmony
What’s going on here? Huawei has finally unveiled its own operating system, a move that could help shield the smartphone maker from the escalating US-China trade war. What does that mean? The reveal of Harmony OS comes months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software…
Ep 51: Trump accuses China of a ‘major violation’
Keep it brief For the first time in more than a decade, China allowed its currency (yuan) to weaken past the psychologically important point of 7 to the dollar. President Donald Trump said that marked a “major violation” and accused China of unfairly wielding its currency to retaliate against the US. The weakening yuan will…
Ep 50: Saving Face
What’s Going On Here? Facebook posted better-than-expected second-quarter results, and investors liked it: its stock initially rose 3%. What Does This Mean? Facebook’s monthly active users were up 8% last year – the same rate as in the company’s first-quarter – which, given investors had been expecting growth to slow, likely helped it exceed quarterly revenue forecasts. Despite Facebook’s…
Ep 49: Bitcoin vs Libra: key differences
Keypoint Libra and bitcoin are different in a lot of ways: the technology behind them, and the way they’re used. What are the differences? Different technology Similarities: both Bitcoin and Libra use distributed ledger technology known as blockchain. Differences: With bitcoin: it’s essentially a database maintained by a network of computers, on which transactions are secured…
Ep 48: Massivesoft
What’s Going On Here? Tech titan Microsoft booted up better-than-expected quarterly results, helping its stock rise… What Does This Mean? Microsoft’s total profit was much higher than investors had forecast. The company’s fast-growing cloud computing segment continued its ascent, with sales eclipsing investors’ predictions. A decision from a federal judge stands to improve its prospects further: rival…
Ep 47: Trump threatened Hanoi on trade
Key points Vietnam has emerged as a large beneficiary amid the U.S.-China trade deal. A new deal is solidifying Hanoi’s privileged position. Vietnam and the European Union on Sunday inked a first-of-its-kind trade deal that will eliminate 99% of tariffs on goods imported to the bloc. The U.S. government is signaling that it could be…
Ep 46: Chin Up, China
What’s Going On Here? China’s economy grew 6.2% in the second quarter of 2019 versus a year before (its slowest rate since the end of the Cold War). What Does This Mean? While the growth rate was in line with economists’ expectations and with China’s target of 6-6.5% for 2019 as a whole – a close inspection of the…
Ep 45: Vietnam Seeks to Sell Stake in Military Commercial Bank
What’s going on here? Vietnam’s government is looking to sell part of its stake in Military Commercial Joint Stock Bank (MBB ∧ 0.47%) – a large local lender with a market capitalization of $2 billion. Who is Military Commercial Bank The Military Commercial Bank is owned of 44% by the government; 11% by Domestic and foreign…
with HT 