Grandiosa Price War Sparks Empty Shelves in Stores: The Reason Behind the Madness

Grandiosa Price War Sparks Empty Shelves in Stores: The Reason Behind the Madness

When Nettavisen checked five stores Thursday morning, most of Grandiosa’s shelves were empty. Both Rema 1000 shops were completely cleared for Grandiosa. There was also the same Kiwi store. One – only one – Grandiosa had another Kiwi left. At Extra, the situation was completely different. Here the shelf with Grandiosa for 20.86 was completely … Read more

US Federal Reserve Expected to Pause Interest Rate Hikes, Tech Companies Could Benefit

NEW YORK Market participants are apparently optimistic that the US Federal Reserve will not raise interest rates further on Wednesday, commented analyst Edward Moya from broker Oanda. After ten increases in a row, bank economists are now also expecting a monetary policy pause due to the cooling economy and the trend towards falling inflation. Another … Read more

Stock Market Update: Nasdaq up 0.5%, Dow Jones up 0.2%, Oracle Quarterly Figures, Macro News

A minute after trading took off on the New York stock exchange, the Nasdaq index has risen 0.5 percent and stands at 13,322.87 points, while the Dow Jones rises 0.2 percent to 33,958.56 points. The S&P 500 rose 0.3 percent to 4,310.10 points. The ten-year US government bond yield is at 3.73 per cent, while … Read more

Discordia invests 5 million euros in digitalization, wants to be in the Top 10 of Europe

The Bulgarian transport and logistics company Discordia invested EUR 5 million in its digital transformation. This is part of its large-scale plan to become one of the leading European companies in the industry, after it is already #1 in our country with a fleet of 1000 trucks. For this purpose, Discordia is expanding its IT … Read more

Software makers charge more money for maintenance

SAP chief Christian Klein The manager is under pressure: shareholders are demanding that SAP increase profitability. – (Photo: dpa) – – – – Dusseldorf SAP has announced another price increase: from 2023, the software manufacturer will charge up to 3.3% more for maintenance of software installations than before. In a letter sent to customers since … Read more

The Recession Is Real, The US’s Richest Companies Lay Off Mass

Jakarta – The United States technology company Oracle Corporation has terminated the employment relationship aka layoffs en masse to its employees in Uncle Sam’s country. Operational cost savings are the main reason for layoffs. This further reinforces the reality of the current recession in the US. This news came from a report by The Information, … Read more

Oracle is buying a $ 28 billion company

The American IT giant Oracle, also present in Romania, buy a healthcare company digitizing $ 28.3 billion in transaction value. Cerner, an IT company in Kansas City, Missouri, is developing computer systems for hospitals and other health care facilities, such as electronic medical records. With this acquisition, Oracle, known for its corporate software, is strongly … Read more

US companies are moving south

Goodbye, California Tesla boss Elon Musk moves the company headquarters to Austin, Texas. – (Photo: AP) – – – – New York In the middle of Texas, Elon Musk announced his departure from Silicon Valley on Friday. In Austin, where Tesla is already building a large plant, the electrical pioneer announced to investors that the … Read more

Twitter CEO Sells NFT His First Tweet For Millions Of Dollars

– Twitter-CEO Jack Dorsey Dorsey donated the majority of the auction proceeds to an aid organization – in Bitcoin. – (Photo: Reuters) – – – – San Francisco TwitterCEO Jack Dorsey auctioned a digital version of his first tweet for $ 2.9 million. The tweet “just setting up my twttr” from March 2006 was from … Read more