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American Airlines, Target, Deere: Stocks That Defined the Week

American Airlines, Target, Deere: Stocks That Defined the Week Here are seven major companies whose stocks moved on the week’s news. Źródło 27 November 2021, 00:07

One-day commodity diesel price decline greatest in more than 30 years

One-day commodity diesel price decline greatest in more than 30 years The decline in the price of ultra low sulfur diesel (ULSD) on the CME commodity exchange Friday was historic. Oil and equity markets fell broadly on fears of the…

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Covid-19 Variant Upends Investor Bets on Rate Increases

Covid-19 Variant Upends Investor Bets on Rate Increases Investors piled into government bonds and quickly recalibrated their expectations for interest-rate increases in response to the new Covid-19 variant identified in South Africa. Źródło 26 November 2021, 22:04

Black Friday US sales up despite cost headwinds, Salesforce says

Black Friday US sales up despite cost headwinds, Salesforce says As of noon ET on Black Friday, U.S. online shoppers had spent 7% more than they did at the same time on Black Friday 2020, according to data published by…

STB chairman wants Norfolk Southern to explain deteriorating service

STB chairman wants Norfolk Southern to explain deteriorating service Surface Transportation Board Chairman Marty Oberman wants Norfolk Southern to explain how it intends to improve service amid deteriorating performance metrics and rising complaints. Oberman, in a letter Tuesday to NS…

Smucker posts strong sales but still feels margin pressure

Smucker posts strong sales but still feels margin pressure J.M. Smucker Co.’s results highlight margin pressure even as CPG companies raise prices and continue to post strong sales. Overall, Smucker reported strong results as its earnings easily beat analysts’ expectations,…

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Bitcoin retreats 20% from record, joining risk-asset sell-off

Bitcoin retreats 20% from record, joining risk-asset sell-off The world’s largest cryptocurrency fell as much as 9 per cent to $53,552 on Friday. Ether, the second-largest digital currency, dropped more than 12 per cent, while the wider Bloomberg Galaxy Crypto…

FreightWaves Classics: Anniversary of bridge linking Kentucky and Ohio

FreightWaves Classics: Anniversary of bridge linking Kentucky and Ohio Yesterday was the 90th anniversary of the opening of a suspension bridge across the Ohio River that links Maysville, Kentucky, and Aberdeen, Ohio. The bridge was named for Simon Kenton (1755-1836),…

Thanksgiving noise masks where freight market stands

Thanksgiving noise masks where freight market stands This week’s DHL Supply Chain Pricing Power Index: 70 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 70 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 70 (Carriers) The DHL Supply…

Daily Infographic: CB Radio Lingo From the Past

Daily Infographic: CB Radio Lingo From the Past To view more FreightWaves infographics, click here. Źródło 26 November 2021, 18:08

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‘TN eyes catch up in chemical sector investments’

‘TN eyes catch up in chemical sector investments’ Tamil Nadu will catch up in the area of chemicals to attract investments with a revamped strategy that includes setting up of a polymer park, systemat Źródło 26 November 2021, 18:00

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Elon Musk-owned Starlink not licensed to offer satellite-based Internet services: DoT

Elon Musk-owned Starlink not licensed to offer satellite-based Internet services: DoT Advises public not to go for pre-bookings as Starlink is not a licensee Źródło 26 November 2021, 17:57

Put on your ponchos: The new wave of e-commerce has arrived

Put on your ponchos: The new wave of e-commerce has arrived Over the past few decades, e-commerce has grown from a puddle to a lake to a sprawling ocean. In 2000, the U.S. transacted about $27.5 billion in e-commerce sales….

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Covid variant fear makes it a Black Friday for markets

Covid variant fear makes it a Black Friday for markets Sensex crashes 1,687 points, shaving off over ₹4.5-lakh cr of investor wealth Źródło 26 November 2021, 17:40

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Clarity eludes Kerala’s daily Covid death numbers tally

Clarity eludes Kerala’s daily Covid death numbers tally Kerala reported 384 of the country’s total toll of 488 deaths, for the 24 hours up to Friday morning. Źródło 26 November 2021, 17:34

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55 pharma companies qualify for ₹15,000-crore PLI scheme

55 pharma companies qualify for ₹15,000-crore PLI scheme Applications under three categories of drugs and devices Źródło 26 November 2021, 17:32

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House panel calls for revamping content, design of school textbooks

House panel calls for revamping content, design of school textbooks The panel feels “exaggeration” of Mughal rulers should be removed and history of Sikh Gurus and their struggle should be added in the textbooks Źródło 26 November 2021, 17:32

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Quick commerce gets on the speedy lane of growth

Quick commerce gets on the speedy lane of growth Źródło 26 November 2021, 17:30

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PM attacks ‘dynastic parties’ on Constitution Day

PM attacks ‘dynastic parties’ on Constitution Day Congress calls it unwarranted Źródło 26 November 2021, 17:24

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Vipin Sondhi steps down as Ashok Leyland MD-CEO

Vipin Sondhi steps down as Ashok Leyland MD-CEO The board has requested Dheeraj Hinduja to step in as Executive Chairman with immediate effect Źródło 26 November 2021, 17:23

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India reports 10,549 Covid cases on Nov 26 with 488 deaths

India reports 10,549 Covid cases on Nov 26 with 488 deaths The daily Covid positivity rate was at 0.89 per cent Źródło 26 November 2021, 17:19

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Here’s all there is to know about the upcoming Skoda Slavia

Here’s all there is to know about the upcoming Skoda Slavia Finally, a sedan that looks set to make Indian buyers discover the joy of driving all over again Źródło 26 November 2021, 17:15

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‘International flights from India to resume on Dec 15’

‘International flights from India to resume on Dec 15’ Only calibrated resumption of flights for ‘at risk’ countries Źródło 26 November 2021, 17:14

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Ahead of State elections, government to transfer ₹22,000 crore to farmers under PM-Kisan scheme

Ahead of State elections, government to transfer ₹22,000 crore to farmers under PM-Kisan scheme A ‘function’ is likely to be organised to underscore the importance of the event, appease farmers, say sources Źródło 26 November 2021, 17:14

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Spot rubber ends in a mixed mood with an upward bias

Spot rubber ends in a mixed mood with an upward bias The absence of genuine sellers kept buyers almost inactive in sheet rubber during the weekend session. The remaining grades, including RSS5, closed higher on fresh enquiries. Źródło 26 November…

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Auto-rickshaw services provided via e-comm platforms to attract 5% GST

Auto-rickshaw services provided via e-comm platforms to attract 5% GST Auto-rickshaw services provided through e-commerce platforms would attract 5 per cent GST from January 1, 2022. The Revenue Department under the Fina Źródło 26 November 2021, 17:04

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Vodafone Idea to develop products using indigenously developed 5Gi

Vodafone Idea to develop products using indigenously developed 5Gi 5Gi is cost-effective, improves spectral efficiency, and reduces spectrum wastage of up to 11 per cent compared to its global counterpart Źródło 26 November 2021, 16:59

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Next-gen Celerio aims to woo Gen Z

Next-gen Celerio aims to woo Gen Z Maruti rebuilds and redesigns the model to deliver more style, space and safety Źródło 26 November 2021, 16:58

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RBI imposes ₹1 crore penalty on SBI

RBI imposes ₹1 crore penalty on SBI Statutory inspections for supervisory evaluation revealed contravention of sub-section (2) of section 19 of the BR Act Źródło 26 November 2021, 16:51

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Bank of Maharashtra eyes a total business size of ₹5-lakh crore by the end of FY24

Bank of Maharashtra eyes a total business size of ₹5-lakh crore by the end of FY24 MD & CEO AS Rajeev says, based on efficiency parameters, the public sector bank will be among the top 3 Banks by March-end 2022…

Seattle port operator tackles congestion with new container storage fee

Seattle port operator tackles congestion with new container storage fee SSA Marine has notified importers at its Seattle port facilities that it will introduce an additional storage charge on Wednesday for containers lingering longer than five days in an effort…

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SEBI seeks to ease preferential issue norms

SEBI seeks to ease preferential issue norms After PNB HF-Carlyle deal fiasco, regulator proposes new pricing formula Źródło 26 November 2021, 16:26

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CII Connect2021: TN eGovernance Agency, Chennai Mathematical Institute sign MoU

CII Connect2021: TN eGovernance Agency, Chennai Mathematical Institute sign MoU The MoU aims to create capabilities and analytical framework for the Tamil Nadu decision support system Źródło 26 November 2021, 16:02

North Dakota gets another 30-day HOS waiver due to drought

North Dakota gets another 30-day HOS waiver due to drought A waiver to federal hours of service and other rules tied to the drought in North Dakota is about to go into its third month. Gov. Doug Burgum has been…

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Letters to the editor dated November 26, 2021

Letters to the editor dated November 26, 2021 Right decisionThe government is rightly proposing to ban all Crypto Currencies. Cryptocurrencies are an artificially created wealth instrument and are Źródło 26 November 2021, 15:53

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The cosmetic effects of a growth downturn

The cosmetic effects of a growth downturn Thanks to the pandemic and use of masks, theorising around ‘lipstick effect’ and ‘eyeliner effect’ have turned passé Źródło 26 November 2021, 15:50

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PM Modi invited to US Summit of Democracies

PM Modi invited to US Summit of Democracies Will host Putin for India-Russia Summit on December 6; 2+2 Summit to be held simultaneously Źródło 26 November 2021, 15:45

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Serum Institute re-starts COVAX exports

Serum Institute re-starts COVAX exports The total number of COVISHIELD doses produced now surpasses 1.25 billion mark Źródło 26 November 2021, 15:45

Sendle cuts shipping rates for small businesses with Sendle Swift program

Sendle cuts shipping rates for small businesses with Sendle Swift program The upstart last-mile logistics firm Sendle, which is already trying to muscle into the U.S. parcel delivery market with its flat-rate shipping and no surcharge promises, is upping its…

Mexican regulators approve CP-KCS merger

Mexican regulators approve CP-KCS merger The Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute have given regulatory approval of the proposed merger between Canadian Pacific and Kansas City Southern, both companies announced Friday.  CP (NYSE: CP) and…

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Vedantu announces ESOP buyback worth $3 million

Vedantu announces ESOP buyback worth $3 million Founders will not participate in the buyback Źródło 26 November 2021, 15:40

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VLCC gets SEBI’s clearance to launch IPO

VLCC gets SEBI’s clearance to launch IPO Firm may launch public issue in Dec Źródło 26 November 2021, 15:34

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IEX shareholders approve 2:1 bonus issue

IEX shareholders approve 2:1 bonus issue The company proposes to increase its authorised share capital to ₹100 cr Źródło 26 November 2021, 15:32

Union Pacific, Norfolk Southern vaccine lawsuits combined in court

Union Pacific, Norfolk Southern vaccine lawsuits combined in court Ongoing lawsuits between railroad unions and two Class I railroads over requiring employees to get the COVID-19 vaccine have been consolidated in federal court. The U.S. District Court for the Northern…

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Reading the post-CNY container market can be a risky business

Reading the post-CNY container market can be a risky business Any significant fall in container spot rates from Asia seems increasingly unlikely this side of February’s Chinese New Year, but thereafter the jury is out on the direction of the…

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‘Super-port’ of Antwerp-Bruges lining up to be UK’s first call

‘Super-port’ of Antwerp-Bruges lining up to be UK’s first call Antwerp is positioning itself to be the UK’s gateway to Europe. Unaccompanied container volumes have increased considerably over the past year, despite markets being depressed, and the expectation is that…

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ACN urges airport authority to reject plan for 37% rise in fees at Schiphol

ACN urges airport authority to reject plan for 37% rise in fees at Schiphol Air Cargo Netherlands (ACN) has written a strong letter to the Dutch consumer and markets authority over its concerns that “monopolistic” Schiphol’s attempt to raise airline…

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New law in China coincides with massive cut in vessel location data

New law in China coincides with massive cut in vessel location data Vessel location data from China has been greatly reduced, impacting maritime supply chain visibility. The tracking signal, known as Automatic Identification System (AIS), is used globally by the…

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PIL set to repay debts early, thanks to change in fortune for liner industry

PIL set to repay debts early, thanks to change in fortune for liner industry Troubled liner operator Pacific International Lines (PIL) has announced to the Singapore Stock Exchange that it intends to clear its debts by 30 December. According to…

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Cathay Pacific cuts back on European routes as Covid restrictions bite

Cathay Pacific cuts back on European routes as Covid restrictions bite Cathay Pacific Cargo says the recent outbreak of Covid among its pilots and resulting quarantine measures have impacted its European services. In a letter published today, Tom Owen, director of cargo, also…

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Race against time for importers as links from Vancouver are re-established

Race against time for importers as links from Vancouver are re-established Canadian retailers with goods coming into the country through the weather-battered port of Vancouver are in a desperate race against the clock to get their imports on shelves in…

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Seoul government to launch search for HMM buyer next year

Seoul government to launch search for HMM buyer next year By the end of Q1 22, a roadmap to sell the South Korean government’s stake in flagship liner HMM will be unveiled, vice-minister for oceans and fisheries Eom Ki-doo said…

Milton cashes out $131M in Nikola stock, slicing dominant ownership

Milton cashes out $131M in Nikola stock, slicing dominant ownership Indicted Nikola Corp. founder Trevor Milton is continuing to cash out his enormous holdings in the electric truck startup, collecting about $131 million in recent sales. The amount realized from…

CN’s main link to Port of Vancouver remains closed

CN’s main link to Port of Vancouver remains closed CN’s main link to the Port of Vancouver remained closed of late Thursday nearly two weeks after devasting flooding and landslides shut it down, the Canadian railway said. CN (NYSE: CNI)…

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Rabi acreage up 7.3% at 34.6 million hectares

Rabi acreage up 7.3% at 34.6 million hectares So far, over 55 per cent of the season’s normal sowing area has been covered. Źródło 26 November 2021, 14:44

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Encube Ethicals to acquire Soframycin for India and Sri Lanka markets from Sanofi

Encube Ethicals to acquire Soframycin for India and Sri Lanka markets from Sanofi The transaction is expected to close within the next 3 months Źródło 26 November 2021, 14:39

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CREDAI advises home buyers to purchase only in RERA-registered projects

CREDAI advises home buyers to purchase only in RERA-registered projects Home buyers warned of falling prey to pre-sale, pre-launch offers Źródło 26 November 2021, 14:33

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Tech View: Nifty50 slips below 100-day moving average; stay cautious, analysts say

Tech View: Nifty50 slips below 100-day moving average; stay cautious, analysts say Ruchit Jain, Trading Strategist, 5paisa.com said that the 16,800 level would offer immediate support to the index while he sees 17,300 as the immediate resistance level. Źródło 26…

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Stock Futures, Oil Drop on Concerns Over Covid Strain

Stock Futures, Oil Drop on Concerns Over Covid Strain International equity markets, oil prices and Treasury yields slumped after South Africa raised the alarm over a fast-spreading strain of the coronavirus, triggering concern that travel restrictions and other curbs will…

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SEBI ignores the rule of ‘acted in good faith’

SEBI ignores the rule of ‘acted in good faith’ To penalise SBI nominee Raut on AIPL board Źródło 26 November 2021, 14:30