Extreme E’s floating paddock has set sail

Extreme E’s ‘floating paddock’ the St. Helena has set sail for Saudi Arabia. Yep, the all-electric off-road cousin of Formula E is actually happening people. Get ready. There have been delays to the worldwide race calendar (for obvious reasons), but after 17 to 20 days at sea the ex-Royal Mail ship …

Read More »

Walmart Misses Q4 Profit Forecast, Tops $150 Billion Sales

Walmart Inc.  (WMT) – Get Report posted weaker-than-expected fourth-quarter earnings Thursday, thanks in part to a charge linked to taxes in the United Kingdom, but still managed record sales of more than $150 billion as U.S. shoppers continued to favor big-box retailers over smaller rivals. A planned surge in investment costs, …

Read More »

Walmart, Hormel Foods, Marriott, others

Check out the companies making headlines before the bell: Walmart (WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared …

Read More »

Goldman Sachs’ Marcus makes a splash in the robo-advisory pool

Goldman Sachs’ digital-only consumer bank added an investment tool to bolster its fintech offering. This positions it as a cheaper alternative to incumbents and a direct threat to fintechs’ own rebundling. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. …

Read More »

Pfizer vaccine weaker against variant in South Africa, study suggests

Pfizer-BioNTech’s COVID-19 vaccine produces a weakened immune response against the variant found in South Africa, a study suggests. The vaccine produced two-thirds less neutralizing antibodies against a lab-made virus designed to mimic the variant. The study’s author said that the vaccine will probably still be protective in real-life, per Reuters. …

Read More »