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The Latest Breaking News from Flexport

After raising $100 million for his supply-chain startup, Dave Clark hired an Amazon chief scientist and other former top execs

The startup Auger raised $100 million in the fall. Now it’s got a founding executive team packed with Amazon veterans.

Fortune

Former Amazon and Flexport leader Dave Clark has raised $100 million to bet on himself

The former CEO of Amazon’s consumer business has founded Auger, an AI-powered startup aiming to build a modern supply-chain OS.

Fortune

Red Sea Ship Attacks Disrupt Global Trade and Increase Costs

The recent attacks on ships in the Red Sea are causing disruptions in global trade, leading to delays and increased costs for industries worldwide.

Top News

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Shopify Stock Forges Double-Bottom Base Ahead Of Dec. 5 Analyst Day

Shopify is the IBD Stock of the Day ahead of the e-commerce software and services provider's analyst day on Dec. 5.

Investors Business Daily

Shopify To Report With Flexport Deal, Temu, Shein Apps In Focus

Shopify reports Q3 earnings early Thursday. SHOP stock has gained 32% this year but has retreated from a 52-week high of 71.53 set on July 14.

Investors Business Daily

CEO of freight giant Flexport rescinds 75 job offers just days before the new hires' start date: ‘I hope you will forgive us someday and even consider coming to work here again’

“It’s messed up. But no way around it.”

Fortune

Amazon Leads 5 Stocks Near Buy Points With A Handle On This Market

The market rally is under pressure, but Amazon and Shopify are stocks to watch that are forging handles in bases.

Investors Business Daily

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3 takeaways from Y Combinator’s summer startup class

The accelerator’s Demo Day was all about A.I. startups—but a couple of other themes emerged.

Fortune

2 shock CEO resignations reveal the risks of appointing an executive chair

Having both a CEO and executive chair can muddy a company's lines of authority.

Fortune

Dave Clark, the former Amazon exec who lost out to Andy Jassy, just quit his startup CEO role because the founder returned

“Founders have the right to change their minds,” Clark said in the surprise announcement that he was leaving Flexport.

Fortune

Shopify Taps Into Amazon Network; 'Buy With Prime' No Longer A Threat?

E-commerce software and services provider Shopify will make use of industry giant Amazon.com's vast "Buy With Prime" distribution network.

Investors Business Daily

Buy, Hold, or Sell End of June: Shopify (SHOP)

Amid rapid digitalization, the internet industry is anticipated to thrive and maintain its momentum in the foreseeable future. However, given the mixed financials of Shopify (SHOP), should investors buy, sell, or hold the stock? Read on to find out….

StockNews.com

Top Cathie Wood Stock Expected To Deliver 772% Earnings Growth. It's Flashing A Buy Signal.

Cathie Wood stocks often are unprofitable. But this big Ark Invest stock is set to deliver huge earnings growth. It's also near a buy point.

Investors Business Daily

Shopify (SHOP) or Shutterstock (SSTK): What's the Best Buy?

The internet services industry is well-placed to maintain its momentum due to growing internet penetration. Given such industrial tailwinds, let’s compare Shopify (SHOP) and Shutterstock (SSTK) to discover which stock is a better buy now. Read on….

StockNews.com

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Investors Business Daily

Shopify Surprises With Earnings, Sells Logistics Business To Flexport; SHOP Stock Is Surging

Shares of Shopify surged Thursday, signaling a breakout after the company topped earnings views and sold its logistics business to Flexport.

Fortune

Flexport founder Ryan Petersen reveals his secret for startup recruiting

Make the bankers work for it.

AFP

No slowdown yet: US import deluge tests supply chain

Newark (United States) (AFP) - Throngs of 18-wheelers are the clearest sign of brisk activity at the Port Newark-Elizabeth marine terminals in northern New Jersey, defying talk of a US economic slowdown.

Benzinga

A Peek Into The Markets: US Stock Futures Edge Higher Ahead Of Jobless Claims Report

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Benzinga

Amazon's Consumer Chief Is Jumping Ship To Head This Logistics Startup

Amazon.com, Inc’s (NASDAQ: AMZN) consumer chief Dave Clark is all set to become the CEO of Flexport, a technology platform for global logistics.

The Street

Russian Silicon Valley Billionaire Caught in Russian Invasion of Ukraine

The Russian invasion of Ukraine and the sanctions of Western countries have put wealthy Russians in a delicate situation.

The Street

Bitcoin Gets A Major Boost That Will Delight Crypto Fans

People

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