UNBELIEVABLE: 109 - Caught on Camera

South Korea truckers’ strike threatens to disrupt computer chip production

Stoppage by drivers is preventing the flow of key components in the tech industry and could add to global supply chain problems

The Guardian - AU · Jun 14, 2022

Wells Fargo Bumps Up Greif's Price Target By 3%

Wells Fargo analyst Gabe Hajde raised the price target for Greif, Inc (NYSE:GEF) to $73 from $71 while maintaining the Overweight rating on the shares. The analyst increased the price target reflecting on what he believes to be the solid operational execution. Despite persistent supply chain challenges, Hajde is encouraged to see another quarter of…

Benzinga · Jun 13, 2022

GlobalFoundries-STMicro Discuss Partnering For Chip Plant In France

GlobalFoundries Inc (NASDAQ:GFS) and STMicroelectronics N.V. (NYSE:STM) are amid discussions to build a semiconductor factory in France with the help of government funds, Bloomberg reports. The European Commission looks to produce 20% of the world’s chips by 2030.  The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier to…

Benzinga · Jun 13, 2022

Climate crisis is ‘battering our economy’ and driving inflation, new book says

Climatenomics lays out how ‘supply chain disruptions’ has become a euphemism for the effects of climate change

The Guardian - US · Jun 11, 2022

Scouring Chicago alleys for scrap metal is a hard way to make a living. Just ask Francisco Garcia.

Their trucks piled high with pipes and old refrigerators, scrap metal collectors like Garcia, 71, from Pilsen, help put discarded waste back into the supply chain.

Chicago Sun-Times · Jun 11, 2022

Credit Suisse Cuts REV Group Price Target By 9%

Credit Suisse analyst Jamie Cook lowered the price target on REV Group Inc (NASDAQ:REVG) to $10 from $11 while maintaining the Underperform rating on the shares. The analyst stated that within the quarter, REVG did not experience supply chain improvement as expected, and in some instances, the situation worsened. REVG now expects supply chain challenges…

Benzinga · Jun 10, 2022

NiSun Shares Jump On Share Buyback Approval

NiSun Intl Enterprise Development Group Co, Ltd's (NASDAQ:NISN) board approved a share buyback of up to $8 million. The share buyback program will be effective in June 2022 and will likely last through the next six months. NiSun held $91.6 million in cash and equivalents as of December 31 and generated $23.9 million in operating…

Benzinga · Jun 10, 2022

China's Xiaomi, Realme, Honor Gained Market Share At Apple's Expense Following US Sanctions On Russia - Here's How

China saw a significant market share jump in the Russian smartphone market in May as manufacturers like Apple Inc (NASDAQ:AAPL) and Samsung Electronics Co, Ltd (OTC:SSNLF) paused new sales in the country following its Ukraine invasion, Reuters reports. Chinese manufacturers Xiaomi Corp (OTC:XIACY), Realme, and Honor accounted for 42% of Russia's smartphone sales in May 2022, up…

Benzinga · Jun 9, 2022

Rayonier Advanced Materials Reaffirms Commitment To Debt Reduction

Rayonier Advanced Materials Inc (NYSE:RYAM) updated its FY22 Adjusted EBITDA guidance to ~$160 million, subject to supply chain volatility and timing of sales recognition. The company delivered $128 million of Adjusted EBITDA in FY21. "With the completion of the planned maintenance outages at all four of our manufacturing facilities by the end of…

Benzinga · Jun 9, 2022

Kennametal Names Patrick Watson As Finance Chief

Kennametal Inc. (NYSE:KMT) appointed Patrick S. Watson as Vice President and Chief Financial Officer (CFO), effective immediately. He is currently Vice President of Finance and Corporate Controller. Watson succeeds Damon Audia, who is leaving to pursue another opportunity. Watson has over 25 years of global finance and business experience. Before Kennametal, he held…

Benzinga · Jun 9, 2022