How The SoftBank Scheme Rips Open The Startup Bubble
* Stories are summarized by an A.I.
* Companies mentioned: SoftBank, AAL, Royal Dutch Shell, MCD,MA and UBER
How The SoftBank Scheme Rips Open The Startup Bubble
SFTBY (Softbank Corp Japan) | Seeking Alpha
The biggest force behind the startup bubble in the United States has been SoftBank Group, the Japanese publicly traded conglomerate. The biggest force behind the startup bubble in the United States has been SoftBank Group (OTCPK:SFTBY) (OTCPK:SFTBF), the Japanese publicly traded conglomerate. So we'll call this monster the Vision Fund 1 because there is now the Vision Fund 2. S&P and Moody's both rate SoftBank Group one step into junk, and have said they're more likely to downgrade SoftBank than to upgrade it because of its debt. The money SoftBank plowed into Uber may also not be returning anytime soon.
Read More
American Airlines Says It Expects to Start Flying Troubled Boeing 737 Max Again Next Year
AAL (American Airlines Group Inc.) | Gizmodo
The delay, more than a month beyond American Airlines’ original projections, makes American the last airline to return the craft to service. The entire 737 Max line has been grounded worldwide since March. United Airlines has the 737 Max removed from its flight schedule until Dec. 19, 2018, while Southwest Airlines has it removed until Jan. 5, 2019, according to the Washington Post. AdvertisementThe airline said in a statement to the Post that “American Airlines anticipates that the impending software updates to the Boeing 737 Max will lead to recertification of the aircraft later this year and resumption of commercial service in January 2020. The 737 Max line was once Boeing’s fastest-selling jet, but after the two crashes and groundings, sales have slumped significantly and the manufacturer has finalized only a handful of sales since from its business jet division.
Read More
Shell to offset carbon emissions for British fuel buyers
RDS-A (Royal Dutch Shell plc ADR) | Reuters
Royal Dutch Shell said on Thursday it would offset the carbon dioxide emissions of around 1.5 million road users in Britain starting later this month under a loyalty scheme. Shell, like other oil companies, has come under pressure from shareholders to show how it plans to reduce its carbon footprint and help cut greenhouse gas emissions, a major cause of global warming.
Read More
Nestl, Tim Hortons top list of plastic polluters — while McDonald's moves down to fourth place
MCD (McDonald's Corporation) | The Star
Nestlé and Tim Hortons have topped Greenpeace Canada’s plastic polluter list for a second consecutive year after an audit of shorelines and green spaces found that most of the single-use plastic garbage found originated from short list of recognizable brands. And while consumer goods giants are taking steps toward more sustainable packaging, Greenpeace says they’re failing to move aggressively enough to replace single-use packaging with reusable and refillable alternatives. Plastic waste clean up and audits have been carried out by Greenpeace and affiliate groups in hundreds of global locations and began in Canada last year. Of 13,822 pieces of plastic collected in total, Nestlé accounted for about 12 per cent of items with visible branding and Tim Hortons accounted for roughly 11 per cent. Starbucks was at 8 per cent, McDonald’s 4.2 per cent and Coca-Cola Company at 4.1 per cent.
Read More
Senators Warn Visa, Mastercard to Think Twice About Joining Facebook's Cryptocurrency Scheme
MA (Mastercard Incorporated) | Gizmodo
As anxieties mount over Facebook’s plan to launch a cryptocurrency called Libra, Capitol Hill lawmakers are facing increasing pressure to intercede. “We are concerned because key questions remain unanswered about the risks the project poses to consumers, regulated financial institutions, and the global financial system,” the letters say. Zuckerberg previously said Libra will not move forward without the blessing of financial regulators. AdvertisementLast week, PayPal, one of Libra Association’s original 28 founding member organizations, announced it was dropping its support. Earlier this year, House Democrats circulated legislation aimed at halting Facebook’s plans, citing concerns over the use of cryptocurrencies to skirt anti-money laundering rules.
Read More
James River Stock Is Plunging After the Insurer Canceled Its Uber Business
UBER (Uber Technologies Inc) | Barron’s
James River Group (ticker: JRVR) stock, up 24% in 2019 through Tuesday’s close, was off 22.5% to $37.95 near midday Wednesday. The Bermuda-based company said it was terminating all policies issued to Uber Technologies (UBER) subsidiary Rasier as of the end of December, two months early. A spokesperson told The Wall Street Journal that James River insures its drivers in Washington, D.C., Puerto Rico, and 20 U.S. states, and it would likely bring on another insurer to replace James River. James River said that segment increased its noncommercial auto gross written premiums by 72% in the third quarter. James River didn’t immediately respond to a request for further comment.
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* Companies mentioned: SoftBank, AAL, Royal Dutch Shell, MCD,MA and UBER
How The SoftBank Scheme Rips Open The Startup Bubble
SFTBY (Softbank Corp Japan) | Seeking Alpha
The biggest force behind the startup bubble in the United States has been SoftBank Group, the Japanese publicly traded conglomerate. The biggest force behind the startup bubble in the United States has been SoftBank Group (OTCPK:SFTBY) (OTCPK:SFTBF), the Japanese publicly traded conglomerate. So we'll call this monster the Vision Fund 1 because there is now the Vision Fund 2. S&P and Moody's both rate SoftBank Group one step into junk, and have said they're more likely to downgrade SoftBank than to upgrade it because of its debt. The money SoftBank plowed into Uber may also not be returning anytime soon.
Read More
American Airlines Says It Expects to Start Flying Troubled Boeing 737 Max Again Next Year
AAL (American Airlines Group Inc.) | Gizmodo
The delay, more than a month beyond American Airlines’ original projections, makes American the last airline to return the craft to service. The entire 737 Max line has been grounded worldwide since March. United Airlines has the 737 Max removed from its flight schedule until Dec. 19, 2018, while Southwest Airlines has it removed until Jan. 5, 2019, according to the Washington Post. AdvertisementThe airline said in a statement to the Post that “American Airlines anticipates that the impending software updates to the Boeing 737 Max will lead to recertification of the aircraft later this year and resumption of commercial service in January 2020. The 737 Max line was once Boeing’s fastest-selling jet, but after the two crashes and groundings, sales have slumped significantly and the manufacturer has finalized only a handful of sales since from its business jet division.
Read More
Shell to offset carbon emissions for British fuel buyers
RDS-A (Royal Dutch Shell plc ADR) | Reuters
Royal Dutch Shell said on Thursday it would offset the carbon dioxide emissions of around 1.5 million road users in Britain starting later this month under a loyalty scheme. Shell, like other oil companies, has come under pressure from shareholders to show how it plans to reduce its carbon footprint and help cut greenhouse gas emissions, a major cause of global warming.
Read More
Nestl, Tim Hortons top list of plastic polluters — while McDonald's moves down to fourth place
MCD (McDonald's Corporation) | The Star
Nestlé and Tim Hortons have topped Greenpeace Canada’s plastic polluter list for a second consecutive year after an audit of shorelines and green spaces found that most of the single-use plastic garbage found originated from short list of recognizable brands. And while consumer goods giants are taking steps toward more sustainable packaging, Greenpeace says they’re failing to move aggressively enough to replace single-use packaging with reusable and refillable alternatives. Plastic waste clean up and audits have been carried out by Greenpeace and affiliate groups in hundreds of global locations and began in Canada last year. Of 13,822 pieces of plastic collected in total, Nestlé accounted for about 12 per cent of items with visible branding and Tim Hortons accounted for roughly 11 per cent. Starbucks was at 8 per cent, McDonald’s 4.2 per cent and Coca-Cola Company at 4.1 per cent.
Read More
Senators Warn Visa, Mastercard to Think Twice About Joining Facebook's Cryptocurrency Scheme
MA (Mastercard Incorporated) | Gizmodo
As anxieties mount over Facebook’s plan to launch a cryptocurrency called Libra, Capitol Hill lawmakers are facing increasing pressure to intercede. “We are concerned because key questions remain unanswered about the risks the project poses to consumers, regulated financial institutions, and the global financial system,” the letters say. Zuckerberg previously said Libra will not move forward without the blessing of financial regulators. AdvertisementLast week, PayPal, one of Libra Association’s original 28 founding member organizations, announced it was dropping its support. Earlier this year, House Democrats circulated legislation aimed at halting Facebook’s plans, citing concerns over the use of cryptocurrencies to skirt anti-money laundering rules.
Read More
James River Stock Is Plunging After the Insurer Canceled Its Uber Business
UBER (Uber Technologies Inc) | Barron’s
James River Group (ticker: JRVR) stock, up 24% in 2019 through Tuesday’s close, was off 22.5% to $37.95 near midday Wednesday. The Bermuda-based company said it was terminating all policies issued to Uber Technologies (UBER) subsidiary Rasier as of the end of December, two months early. A spokesperson told The Wall Street Journal that James River insures its drivers in Washington, D.C., Puerto Rico, and 20 U.S. states, and it would likely bring on another insurer to replace James River. James River said that segment increased its noncommercial auto gross written premiums by 72% in the third quarter. James River didn’t immediately respond to a request for further comment.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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