Earnings & Movers
9.22.2020
Oracle remains distant laggard in cloud infrastructure market even after TikTok deal - CNBC
"Picture cloud infrastructure as a city with many office buildings. Amazon is the landlord everyone talks about, because of its sleek towers, fast elevators, modern floor plans and high-energy tenants.
Oracle, by contrast, houses law offices and financial advisory firms that serve burnt coffee in the kitchen."
The Magic Number That Unlocks The Electric-Car Revolution - Bloomberg
"A decade ago, some of the smartest minds at the U.S. Department of Energy set an ambitious goal: lower the cost of battery packs to $100 per kilowatt-hour from more than $1000 per kWh. If achieved, electric cars would reach cost parity with internal-combustion engine cars - unleashing a revolution."
Groceries Are One of the Fastest-Growing E-commerce Segments. What to Know About the Coming Boom. - Barron's
"E-commerce penetration of the food and beverage sector, which includes supermarkets and packaged food companies, was about 2.5% in 2019 according to data from Global X. When Covid-19 arrived and people worried more about the pandemic than the state of their produce, digital orders jumped."
China's Attack on 'Unreliable Entities' Is a Double-Edged Sword for Beijing - WSJ
"The announcement by China's Commerce Ministry that its "unreliable entities" list is near completion has rippled through markets this week. But Beijing has been treading carefully in deploying such tools, and for good reason: Most would harm China more than the U.S."