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The Latest Breaking News from Supply chain

Tesla hits record $3.3bn profit in first quarter but warns factories will run below capacity in 2022

Analsysts say Tesla demand is overshadowing ‘brutal production issues in China as well as a Rubik’s cube supply chain’

The Independent UK

Why Are Xerox Shares Plunging Today

Xerox Holdings Corp (NASDAQ:XRX) reported a first-quarter FY22 sales decline of 2.5% year-on-year to $1.67 billion, beating the consensus of $1.64 billion. Equipment sales declined 17.6%, while Post sale revenue improved 1.9%. Sales in the Americas declined 0.5% Y/Y, and EMEA fell 5.6%. Gross margin contracted 390 basis points Y/Y to 31.8%. The…

Benzinga

Pool Corp Q1 Earnings Smashes Estimates Aided By High Demand For Outdoor Living Products

Pool Corp (NASDAQ:POOL) reported first-quarter FY22 sales growth of 33% year-on-year, to $1.41 billion, beating the consensus of $1.27 billion. Revenue growth was supported by strong demand for outdoor living products in addition to elevated price inflation of approximately 10% to 12%. EPS of $4.41 beat the consensus of $3.15. Gross profit increased…

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Amazon Fires Up Rivalry With FedEx, UPS With Latest Launch

Amazon.com Inc (NASDAQ:AMZN) launched Buy with Prime, allowing third-party merchants to use Amazon’s vast shipping and logistics network to fulfill orders on their sites while appealing to Amazon’s Prime customers. Experts see the move firing up rivalry with United Parcel Service Inc (NYSE:UPS), FedEx Corp (NYSE:FDX), and the U.S. Postal Service as being the fastest in the online…

Benzinga

Batteries are the new oil and the U.S. needs to catch up

The federal government is taking steps to build a domestic battery industry to reduce reliance on China.

Axios

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