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HomeBusinessCWEB Summarized Business Newsletter September 16, 2023

CWEB Summarized Business Newsletter September 16, 2023

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CWEB Summarized Business Newsletter September 16, 2023

Instacart, a supermarket delivery service, has increased its IPO price goal by $2, to $28-$30, after the successful debut of British chip designer Arm Holdings. Shares will be priced on Monday, with trading beginning on the Nasdaq the following day at a valuation that might exceed $10 billion.

Sam Bankman-Fried, who founded the defunct cryptocurrency exchange FTX, allegedly included his parents in the company’s decision-making. Exchange operations, including marketing, advertising, and the launch of the FTX Token (FTT), may have involved Joseph Bankman and Barbara Fried.

SNDL Inc. (Nasdaq: SNDL) has introduced a brand-new e-commerce platform for its Wine and Beyond destination liquor retail banner. The banner’s extensive product variety, including unique spirits, local and international beers, and exceptional wines, will benefit from the platform’s increased visibility and accessibility. Wine and Beyond offers a “Best Price Promise” on its almost 9,000 products available in its online store, with new products and discounts being introduced on a weekly basis.

After French authorities halted sales of the iPhone XII in 2020 over radiation concerns, Apple announced intentions to release software updates for consumers in the country.

After management announced that Nikola would begin shipping its hydrogen fuel-cell electric trucks in late September and early October, shares of the EV manufacturer continued to rise.

The White House hopes to increase its involvement in the ongoing talks between the government and the Big Three automakers. Joe Biden’s statement that “record profits have not been shared fairly with workers.” sparked heated controversy online but underscored a major argument being made by labour organizations in the current climate.

A community-run Google Sheets reservation tracker was built when Tesla truck was unveiled in 2019 (via electrek), and it appears to have topped two million customer reservations.

Turkey’s president, Recep Tayyip Erdogan, has threatened to “part ways” with the European Union over the bloc’s criticism of his country’s censorship laws and other democratic failures in a report issued last week.

According to reports, media magnate Byron Allen has made an offer of $10 billion to acquire ABC, FX, and National Geographic from Disney. At now, it appears to involve the national TV network as well as numerous regional stations, however this is subject to change.

According to The New York Times, the state of California in the United States has filed a lawsuit against five oil companies for their alleged role in covering up the dangers of fossil fuels, despite the fact that their actions have reportedly cost society tens of billions of dollars.

TikTok was fined $368 million (€345 million) by a major European digital authority because it did not take adequate measures to ensure the safety of its young users. TikTok violated the European Union’s signature privacy rule, according to the Irish Data Protection Commission, which monitors the company’s EU operations.

Since Huawei and Semiconductor Manufacturing International Corporation (SMIC) in China were able to produce a cutting-edge smartphone despite US export rules, Republican senators in the United States have urged for harsher sanctions against the two corporations.

Despite the ongoing WGA writer’s strike, Bill Maher has said that his show will return to broadcast. “Real Time is coming back, unfortunately, sans writers or writing,” Maher wrote on Instagram on Wednesday. We need to get people back to work; five months is long enough.

Stocks to watch with positive momentum this week and Buy Rating.  SNDL, TSLA, GRPN, JPM, MSFTGOOGLeBayAAPLPYPLUBSWMTAMZNMETA,

CWEB Summarized Business Newsletter September 5th 2023

 

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