Will Daniel

Will Daniel is a senior reporter at Fortune, covering markets and the economy. Will previously worked at Markets Insider and has an MS in Business Journalism from Arizona State’s Walter Cronkite School of Journalism and Mass Communication. Follow all of Will’s stories here.

67%

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

86%

Examples:

  • Buffett’s words of caution were definitely a throwback to some of Munger’s favorite lines.
  • Chinese consumers are opting to buy domestic products amid increasing tensions with the West.

Conflicts of Interest

50%

Examples:

  • The company had approximately 2,600 employees after it cut another 20% of staff in October.

Contradictions

86%

Examples:

  • Flexport has reportedly planned to lay off another 20% of its staff, which would be the third round of cuts in barely a year if confirmed.
  • Lumber and panel prices dropped in Q2 which is typically a busy period.
  • The democratization and gamification of trading is certainly not helping.

Deceptions

62%

Examples:

  • The article quotes Counterpoint Research’s senior analyst Mengmeng Zhang stating that Apple has struggled against stiff competition from resurgent Chinese competitor Huawei. However, this statement is misleading as it implies that all of Apple’s struggles are due to competition from Huawei when in fact there are other factors contributing to the company’s weakness such as weaker-than-forecast iPhone demand and a lack of AI development compared to other Big Tech competitors.
  • The author claims that Flexport was seen as an industry disrupter after raising nearly $1 billion at an $8 billion valuation. However, this statement is misleading because it implies that Flexport’s success was solely due to its innovative approach and not other factors such as market demand or competition.
  • The author presents Petersen as a disciplined leader who is focused on profitability after Clark was let go, but this portrayal is also misleading because it ignores other factors such as Flexport’s declining shipping demand and rising interest rates that contributed to its financial struggles.

Recent Articles

Lumber Market Prices Plummet: Economic Conditions, Decreased Demand, and Oversupply Drive Down Prices by 38% and 12% for Western S-P-F and Southern Yellow Pine

Lumber Market Prices Plummet: Economic Conditions, Decreased Demand, and Oversupply Drive Down Prices by 38% and 12% for Western S-P-F and Southern Yellow Pine

Broke On: Tuesday, 25 June 2024 The lumber market has experienced a significant drop in prices due to uncertain economic conditions, decreased demand for housing and renovations, excess capacity in lumber and panel manufacturing, and record low U.S. housing affordability. Southern yellow pine has shown less volatility than spruce or Douglas fir/Hem fir and is priced more affordably. Experts predict continued decreased demand for housing and renovations in the coming months, influenced by the Producer Price Index, the Fed's rate decisions, and ongoing economic factors.
Apple's iPhone Sales in China Nosedive 24% Amidst Competition from Local Brands and Huawei

Apple's iPhone Sales in China Nosedive 24% Amidst Competition from Local Brands and Huawei

Broke On: Tuesday, 05 March 2024 Apple's iPhone sales in China, which account for a significant portion of its global revenues, dropped 24% in the first six weeks of 2023. The decline is attributed to stiff competition from Chinese smartphone manufacturers such as Huawei and local brands like Oppo and Vivo. The overall mobile market in China also fell by 7%, indicating that Apple's struggles are not limited to its own products, but rather the competitive landscape of the industry.
Warren Buffett's Annual Letter to Shareholders: Tribute to Charlie Munger and Berkshire Hathaway's Fourth Quarter Operating Earnings Rise by $6.5 Billion

Warren Buffett's Annual Letter to Shareholders: Tribute to Charlie Munger and Berkshire Hathaway's Fourth Quarter Operating Earnings Rise by $6.5 Billion

Broke On: Tuesday, 27 February 2024 Warren Buffett pays tribute to his longtime business partner and friend Charlie Munger in his annual letter to shareholders. Berkshire Hathaway reports a $6.5 billion increase in fourth quarter operating earnings, reaching a total of $37.3 billion for the year.
Flexport to Cut Another 20% of Staff in Third Round of Layoffs Since Early 2022

Flexport to Cut Another 20% of Staff in Third Round of Layoffs Since Early 2022

Broke On: Wednesday, 31 January 2024 Flexport, a digital freight forwarder that raised $8 billion in 2022, is set to slash another 20% of its workforce as CEO Ryan Petersen seeks to boost efficiency and profitability after years of expansion under former boss Dave Clark.