The Strategist

The Strategist
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Companies & CEOs

Mobile app developer AppLovin valued at $28.6bn in IPO

Mobile app developer AppLovin valued at $28.6bn in IPO
US mobile game and app developer AppLovin has raised $2bn in its IPO, with shares selling at $80, in the middle of an earlier price range of $75 to $85 per share. AppLovin will begin trading on NASDAQ today, April 15, under the ticker APP. AppLovin,...

Wells Fargo's net profit jumps more than sevenfold

Tony Webster
Net profit of Wells Fargo & Co, one of the largest US banking groups, jumped 7.3 times year-on-year to $4.742 billion in the first quarter of 2021, according to the bank's financial statements. The group's diluted earnings per share were $1.05...

Coinbase's capitalisation tops $100B on its first day of trading

Marco Verch via flickr
The largest US cryptocurrency exchange, Coinbase, has gone public. After the listing, its capitalisation exceeded $100bn - more than the value of the New York Stock Exchange and Nasdaq combined. Coinbase, the largest cryptocurrency exchange in the...

Huawei to invest $1B in electric vehicle technology this year

Kārlis Dambrāns
Huawei has said it plans to invest $1bn this year to develop technology for electric vehicles and an autopilot system. The company claims its autopilot is "far better than that of Tesla". Huawei Technologies is investing $1 billion this year in the...
Markets & Industries

Experts: Copper is the new oil

Tony Hisgett
Copper may become the "new oil" in the future, experts at investment bank Goldman Sachs have concluded, CNBC reports. Analysts expect the value of the metal to rise as it implements "green" energy and against the backdrop of declining supplies....

IEA follows OPEC in improving global oil demand forecast

pxhere
The International Energy Agency improved its oil demand forecast, pointing to declining storage capacity, gathering pace of vaccination and a "firmer footing" in the global economy. OPEC also raised its forecast earlier. The International Energy...

Gartner reports record PC market growth for the year

Santeri Viinamäki
Desktop and notebook PC manufacturers shipped 69.9 million PCs in the first quarter of 2021, up 32.2% year-on-year, according to preliminary data from analyst agency Gartner. The company notes that the low early 2020 figures made the growth a record...

Fed chief expects US economy to rise in second half of 2021

Federalreserve via flickr
Head of the US Federal Reserve (Fed) Jerome Powell believes that the US economy is at a tipping point. In his view, growth in the second half of the year will be "very strong". "What we're seeing now in the economy looks like a tipping point... We...
In-depth coverage

The challenges Covid-19 is posing to learning, teaching, and working in society

At enlightED Virtual Edition 2020, leaders of higher education institutions discussed taking “a crash course into the future”
>>> Zoom on Earth

When innovation brings more problems than it solves

Innovations allow for fantastic advances in environmental protection, but there are limits that are sometimes ignored. That is why we cannot always be sure when companies claim to be saving the planet, and sometimes there are hidden problems that outweigh the benefits. Almost every single venture aiming to improve ecological impact is confined by the constraints of capitalism. Informatio...
World & Politics

Suez Canal Authority arrests Ever Given ship

Robert Schwemmer
The container ship Ever Given has been arrested over delays in paying compensation for its March accident, Al-Shorouk newspaper reported. Last month, the ship ran aground in the middle of the Suez Canal, blocking it. This caused a massive traffic...

Iran suspends cooperation with EU on human rights, counter-terrorism and refugees

pixabay
Following the extension of EU sanctions against Iran, Tehran announced a suspension of cooperation on human rights, refugees, counter-terrorism and drug trafficking. In response to the extension of European sanctions, Iran has suspended cooperation...

IMF proposes 'solidarity tax' for pandemic earners

Images Money via flickr
Countries should consider introducing a temporary additional "solidarity tax" for companies that have been able to make money from the pandemic, the International Monetary Fund (IMF) wrote in its Fiscal Monitor. The IMF believes that a temporary...

IMF improves global GDP growth forecast

Jorge Franganillo
The global economy will grow at a slightly higher rate than previously expected over the next two years, the International Monetary Fund (IMF) believes. Its global growth forecast for 2021 was raised from 5.5% to 6%, for 2022 from 4.2% to 4.4%....
Management & Strategy

Two exercises for handling inadequate people

Jason Bickley via flickr
Communicating with an irrational person is a skill comparable in difficulty to competing in the Olympics, and you'll have a better chance of success if you start training early and build up some decent mental muscle. Technique #1. Change the...

What differentiation is and why we need it in business and everyday life

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Imagine if you dialed 911 and the operator also panicked and did not send anyone to you. If everyone agreed with everyone else, we would still be afraid of falling off the edge of the earth. Being able to think has literally changed the world. In...

Company's mission: What is yours?

Stocksnap.io
Chances are your company already has a mission statement. Perhaps it adorns the walls of your office or, conversely, it sits on a shelf or in a desk drawer somewhere. If this is the case and you haven't seen or heard anything about your mission...

Get out of your own way: Correcting inner mistakes

pixabay
Sometimes we think that everyone around us is to blame for our troubles. Surprisingly, our worst enemy is ourselves. And it is because of our self-destructive behaviour that relationships often break down - at work or in the family. There is a way...