Bottleneck continues at West Coast ports
September 21, 2021
Container ships carrying cargo from Asia country’s continue to wait offshore to secure berths at the ports of Los Angeles and Long Beach. The traffic congestion has been caused by a surge in demand fueled by retailers looking to replenish product inventories ahead of the Christmas holiday season.
Recent News
Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.
Meta To Broaden AI Image Generation Options for Ads
Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that it is expanding its lineup of generative AI advertising products.
Sweetgreen Introduces Steak to the Menu
Sweetgreen, known for its signature salad bowls, has introduced steak to its menu for the first time, marking a significant change for the brand.
Disney Struggles With Streaming Profitability
Disney’s recent financial report reveals a mixed bag of results, with a significant focus on the challenges of making its streaming services profitable.