Tag: rail transport

What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like when it hits maturity. Netflix’s growth stage hit warp speed during the COVID-19 pandemic, then fell off in the first quarter after nearly a year of staggering growth. When the […]

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Corporate profits are hitting record highs, but earnings expectations may still be too low

Expectations for the corporate earnings reporting season that kicks off in the week ahead have already increased by a record amount, but it still might not be enough. After profit for the S&P 500 index companies SPX, +1.13% jumped 52% to a record high in the first quarter of 2021, analysts have been jacking up […]

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Biden’s executive order targeting big business and competition: full text

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the interests of American workers, businesses, and consumers, it is hereby ordered as follows:   Section 1.  Policy.  A fair, open, and competitive marketplace has long been a cornerstone of the American […]

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Fort Lauderdale approves proposal from Elon Musk’s company for beach tunnel

Elon Musk is boring his way to the beach in Fort Lauderdale. Local lawmakers accepted a proposal from Musk’s Boring Co. on Tuesday to build an underground transit system that would whisk people from the Florida city’s downtown area to the beach in Teslas. “Other firms have 45 days to submit competing proposals. This could […]

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