Business

The Suez Canal has reopened, but experts say you'll still have to wait 9 months for that couch to be delivered

11 days ago   |   By Business Insider

Summary List Placement The Suez Canal blockage may be cleared, but experts warn the impact will be seen on the supply chain for months to come.
The hulking cargo ship, the Ever Given, was unmoored from the Suez Canal on Monday , nearly a week after it became stuck, allowing a massive backlog of vessels to begin their transits through the vital passageway.
Around 12% of trade flows through the channel and the vessel blocked hundreds of ships from passing through the Egyptian waterway, costing about $400 million for every hour it did not move.
Data from Blue Yonder, a company that uses AI to...
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The Amazon unionizing battle follows a familiar pattern as union accuses the...

The Amazon unionizing battle follows a familiar pattern as union accuses the company of 'illegal and egregious' actions

Summary List Placement As votes against forming a union at an Amazon warehouse Bessemer, Alabama outnumber pro-union ballots in an apparent landslide victory, organizers are... Read more ...

8 expert predictions ahead of Coinbase's hotly anticipated IPO next week

8 expert predictions ahead of Coinbase's hotly anticipated IPO next week

Summary List Placement Coinbase's debut on the Nasdaq on April 14 has been eagerly awaited, especially by cryptocurrency bulls who view the listing as a milestone for the... Read more ...

Fine with a fine: Alibaba accepts all-time high $2.8bn penalty from Chinese...

Fine with a fine: Alibaba accepts all-time high $2.8bn penalty from Chinese antitrust regulator

China's antitrust regulators have hit Alibaba Group, the world's largest e-commerce corporation, with an 18.2 billion yuan fine, the highest penalty of its kind on record. The... Read more ...

Bernie Sanders applauds the 'courage' of Amazon workers for taking on the...

Bernie Sanders applauds the 'courage' of Amazon workers for taking on the tech giant, says failed union vote will inspire other unionization efforts

Summary List Placement Sen. Bernie Sanders applauded Amazon workers at the Bessemer, Alabama, factory for taking on the company, even as a majority of votes were against... Read more ...

Gabe Plotkin's Melvin Capital, which came under siege from Wall Street Bets...

Gabe Plotkin's Melvin Capital, which came under siege from Wall Street Bets, took another hit in March

Summary List Placement Gabe Plotkin's Melvin Capital took a step back from digging itself out of its GameStop hole in March. The $8 billion equity hedge fund lost 7% last... Read more ...

EU drug regulator reviewing 5 cases of NEW blood condition in AstraZeneca...

EU drug regulator reviewing 5 cases of NEW blood condition in AstraZeneca Covid vaccine recipients amid possible link to jab

Five cases of a very rare blood disorder in people who have received the Covid-19 vaccine developed by AstraZeneca are being reviewed by the European Medicines Agency , the... Read more ...

Levi Strauss surges 9% on booming sales forecast, and one analyst says the...

Levi Strauss surges 9% on booming sales forecast, and one analyst says the stock will surge another 25% from here

Summary List Placement Levi Strauss & Co. stock surged as much as 9% to a record high on Friday after the denim maker announced better-than-expected earnings and a booming... Read more ...

What is Bixby? A guide to Samsung's digital voice assistant

What is Bixby? A guide to Samsung's digital voice assistant

Summary List Placement If you are using a Samsung device for the first time, you might be surprised to learn that Samsung has its own voice assistant similar to Apple's Siri... Read more ...

Amazon employees in Alabama have voted against forming a union

Amazon employees in Alabama have voted against forming a union

Summary List Placement Amazon workers at the company's warehouse in Bessemer, Alabama have voted against forming what would have been the first-ever Amazon workers' union in... Read more ...

Biden praises Prince Philip's 'decades of devoted public service' and...

Biden praises Prince Philip's 'decades of devoted public service' and extends condolences to the British royal family

Summary List Placement President Joe Biden on Friday extended his condolences to the British royal family and the people of the United Kingdom over the death of Prince... Read more ...